Introducing $USG — the next evolution of CDP stablecoins. Backed by @CurveFinance LP tokens and @pendle_fi PTs, $USG is set to push DeFi further. A new frontier awaits. Details below.

2/9 — Why Tangent and $USG? In the current DeFi landscape, LP and PT positions are mostly considered as an endpoint. Liquidity flows in, but capital needs to stay mobilized to farm yields. This is where Tangent steps in.

3/9 — Unbounding liquidity By allowing LPs to borrow $USG against their yield-bearing positions, Tangent offers them what they need the most: true capital efficiency. Leveraged farming & trading, hedging, spending without selling… Possibilities are endless.

4/9 — Versatile composability Tangent uses @ConvexFinance and @StakeDAOHQ under the hood, providing LPs with boosted rewards while borrowing $USG. Additional collateral options (such as @yearnfi vaults or @pendle_fi LP tokens) will be added post-launch.

5/9 — Interest-free loans? DeFi means composability and new financial engineering possibilities. Tangent leverages this paradigm shift to introduce 0% interest markets, yet profitably at the protocol level. Sustainable interest-free loans are finally possible.

6/9 — Wen? Next month. The launch of the CDP will be preceded by a pre-deposit campaign to bootstrap liquidity and ensure a smooth borrowing experience from day one. Details will be shared soon.

7/9 — How? At launch, Tangent will accept productive Curve LP tokens as collateral, featuring assets from: @CurveFinance, @fraxfinance, @ethena, @ResupplyFi, @protocol_fx, @Raacfi, @OriginProtocol, @MetronomeDAO, @GHO, as well as stablecoins issued by @circle, @tether, and @PayPal.