Core Tokens
chUSD
chUSD is Chateau's flagship synthetic dollar, minted when users deposit USDC and USDT. chUSD can be redeemed for USDC, but receives no yield.
schUSD
Users that stake their chUSD receive yield that is generated from Private Credit strategies deployed by Covenant VC, Chateau's hedge fund partner. chUSD is an ERC-4626 tokenized vault that accrues chUSD over time. To convert schUSD back to chUSD, users can unstake their schUSD, but this takes three weeks, during which no additional yield is earned.
CHT
CHT is the governance token for Chateau. CHT is periodically bought back and burnt from Chateau's profits through the BTFD fund.
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