Unslashed Finance to launch Convertible Vouchers to the masses
Unslashed Finance is set to launch USF Convertible Vouchers worth $1M USDT.
This February 8, decentralized insurance protocol Unslashed Finance @UnslashedF is set to launch USF Convertible Vouchers worth $1M USDT on Ethereum mainnet through Solv. Unslashed Finance will be the first-ever DeFi project to issue Convertible Vouchers to the masses. Here are the details of this offering:
All USF Convertible Vouchers will settle on May 9, 2022, approximately three months from now. The payment to investors is based on USF’s last 7-day moving average (USF/USD) up to the settlement date.
- If USF/USD settles within the bond range, the investor receives full face value profit in USDT, or 8% APR.
- If USF/USD settles below the lower bound of the range, the investor also receives full face value profit in USDT, or 8% APR. (Alternatively, the investor receives a guaranteed payout in USF tokens, the amount of which is calculated by dividing the Convertible Voucher’s face value by the lower bound. In this case, the investor receives payout in USDT, as specified by Unslashed.)
- If USF/USD settles above upper bound, the USF Convertible Voucher pays the investor the amount of USF tokens that equals face value ÷ upper bound of the range.
Read the detailed payout breakdown for Convertible Vouchers here.
About Solv Protocol and Convertible Voucher
Solv Protocol is a decentralized protocol for minting, trading and managing NFTs that represent financial ownerships and rights (called Vouchers).
Convertible Voucher is a new digital asset that allows crypto investors to receive potentially large return on a cryptocurrency while enjoying the safety of a bond. Owners of Convertible Vouchers are free to trade Vouchers on the Solv Marketplace before they expire.
About Unslashed Finance
Unslashed Finance is a DeFi Insurance protocol that protects against things like smart contract attacks, wallet hijacks, loss of funds in centralized exchanges. Unslashed insures some of the most respected protocols, DAOs and institutions out there, such as Lido Finance, Paraswap, Kyber Network and more.
