Subscription
Subscription Process:
User Locks USDC:
The user locks USDC to initiate a transaction. This action creates a quote that specifies the amount of USDC, the expiry time, and the commission rate for the trade.
Fulfillment by Qualified Liquidity Provider (Buy Order):
The qualified liquidity provider fulfills the buy order by transferring the USDC out and sending back a wrapped T-Bill (tokenized representation of a T-Bill) as proof.
Forwarding Wrapped T-Bill:
The decentralized T-Bill RFQ (Request for Quote) protocol forwards it to the sUSD minting program, locking it there in the process.
Minting sUSD:
The Solayer sUSD Program mints sUSD based on the value of the wrapped T-Bill, maintaining a 1:1 price peg with USDC.
Delegate sUSD to Secure Exogenous AVS (Coming Soon):
The user can delegate sUSD to secure our exogenous AVs (exoAVSs) when it goes live.
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