Spark USDS

Deposit USDT, USDC, or NUSD into Neutrl's sNUSD vault on Ethereum and earn variable, market-neutral yield. Your stablecoins mint NUSD, which is staked to receive sNUSD — a yield-bearing token whose exchange rate appreciates as the protocol accrues revenue from OTC arbitrage and delta-neutral trading strategies. No lock-up on entry and no manual claiming: rewards auto-compound into the sNUSD exchange rate. Withdrawals are subject to a 10-day unstaking cooldown, during which no yield accrues.