Chateau
  • OVERVIEW
  • How chUSD works
    • schUSD
    • Fund Partner: Covenant VC
    • Where's the yield coming from?
    • Custodians
    • ⚠️ Risks & Disclosures
  • Roles
    • chUSD and schUSD roles
    • Chateau
    • Managers
    • Ambassadors
  • PROTOCOL MECHANICS
    • chUSD and schUSD minting mechanisms
    • Issuance
    • Redemption
  • LEGAL
    • Manager and Issuer Responsibilities
    • Terms of Use
    • Privacy Policy
  • Smart Contracts
    • Audits
  • Private Credit Overview
    • What is private credit?
    • Sub-Markets
  • PreIPO Late Stage Venture Overview
    • 🚀 What Is Late-Stage Venture / Pre-IPO Investing?
  • FAQ
  • What is an approval transaction?
  • Troubleshooting
    • Contact Us
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How chUSD works

Chateau USD - A synthetic dollar backed by private credit yields

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Last updated 7 hours ago

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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.

🧭 Risk Management Practices

  • 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

Private Credit Overview