How chUSD works
Chateau USD - A synthetic dollar backed by private credit yields
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Chateau USD - A synthetic dollar backed by private credit yields
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chUSD and schUSD is a fork of Ethena USDe. We send much love and many thanks to our friends at ethena.fi for sharing the fruits of their labor. Chateau USD (chUSD) is a synthetic dollar mintable with USDC, and USDT. Chateau holds 100K-200K in our hot wallet available for immediate redemption. The rest of chUSD is invested in BlackRock's BUIDL Short term US treasuries fund with next day redemption. chUSD can be staked for schUSD, which earns yield from private credit strategies.
Chateau partnered with Covenant VC, a New York City based hedge fund, to deliver their private credit portfolio with exceptional high Sharpe returns onchain. To learn more about various types of assets in the Private Credit market, please visit the page.
All collateral positions are tracked and reported transparently
Chateau uses institutional custodians and independent legal structuring
We publish on-chain proof of assets, audit trails, and risk parameters when available
Redemption policies are structured with thresholds and liquidity buffers