Stake kUSD. Earn the live APY.
skUSD is the yield-bearing ERC-4626 wrapper around kUSD. Deposit kUSD, receive skUSD shares. Share price rises as Kerne distributes basis yield from Hyperliquid funding plus a Lido staking baseline. No cooldown, instant redeem.
Live Stats
skUSD shares carry 24 decimals (kUSD's 18 plus skUSD's 6 offset). totalAssets is pinned to an internal ledger so direct kUSD donations cannot inflate the share price (Resolv-class defense).
Trust Receipts
- Safe 2-of-3 adminTrezor renounced both roles on 2026-05-18. Bot strategist holds STRATEGIST_ROLE only.View →
- Hourly signed PoREOA-signed attestation hash every hour. Verify in three lines of Python.View →
- Source verified on SourcifyPerfect match on creation + runtime bytecode for skUSD 0xdEd74F7E.View →
kUSDskUSD is a yield-bearing ERC-4626 wrapper around kUSD. Live APY published at kerne.fi/api/apy.
A 1,000 kUSD stake earns roughly $147.00 in a full year at 14.70%. Realized yield depends on the strategist's distribution cadence; share price math compounds.
Don't have kUSD yet? Mint kUSD with USDC or any major token on /mint, then come back to stake.
Why stake kUSD?
Yield-bearing wrapper
skUSD is a standard ERC-4626 vault with kUSD as the underlying asset. The share price climbs as the strategist distributes basis yield. Holding skUSD is mathematically equivalent to holding more kUSD as time passes.
No cooldown, instant redeem
Unlike the WETH vault leg, skUSD has no withdrawal cooldown. Burn shares any time to receive the underlying kUSD pro-rata. Built for institutional flexibility, not lockup friction.
Verifiable admin posture
DEFAULT_ADMIN_ROLE on skUSD is held by Kerne's 2-of-3 Safe (Trezor signers). STRATEGIST_ROLE is held by the bot operator EOA. The founder Trezor renounced both roles irreversibly on 2026-05-18.