Selenium Finance Launches sUSD: The First Synthetic Asset on Terra Classic
Selenium Finance has officially introduced sUSD, its first synthetic asset built on the Terra Classic network. This launch marks a major step in developing a more secure and accessible decentralized financial ecosystem.
What is sUSD?
sUSD is a synthetic stablecoin designed to mirror the value of the U.S. dollar while being fully backed by crypto collateral. Rather than holding physical dollars, the system uses digital assets as backing, ensuring transparency and decentralization.
Users can mint, trade, and liquidate sUSD directly on the official platform at selenium.finance.
Why sUSD Matters
sUSD serves as the foundation of Selenium Finance’s synthetic asset ecosystem. It has been selected as the first asset to stress test the protocol, verifying the system’s reliability and scalability before the introduction of additional assets.
The asset is designed with 150 percent over-collateralization, meaning each sUSD is backed by at least 1.5 times its value in crypto assets. This approach provides extra security and helps maintain price stability during periods of market volatility.
Supported Collateral
At launch, users can mint sUSD using the following assets as collateral:
- USDC
- LUNC
- USTC
- bLUNC
Additional assets such as SELE, TERRA, and JURIS will be integrated in upcoming phases, expanding the system’s flexibility and liquidity.
What Comes Next
Following the initial release, Selenium Finance will activate its liquidity incentivization system, rewarding users for contributing to liquidity pools. Shortly after, new synthetic assets will be introduced on a regular basis, allowing users to gain exposure to more diverse and innovative financial instruments.
A Step Toward the Future of DeFi
The launch of sUSD represents the beginning of a new era for decentralized finance on Terra Classic. By combining security, over-collateralization, and on-chain transparency, Selenium Finance aims to create a resilient foundation for future synthetic markets.
The future of decentralized finance on Terra Classic begins with sUSD.
