nUSDT · delta-neutral vault on TRON

Earn the fees behind the world’s busiest stablecoin rail

Every USDT transfer on TRON burns or rents Energy. nUSDT supplies that energy and collects the fees — $22B+ of transfers a day pay for your yield. No price bets, no perp-funding dependence. Just infrastructure doing its job.

Deposit USDT How it works
Rate now
4.17 %

Variable: set at each clearing from what the strategy earns on TRON energy rental. No floor; ceiling 6.00 %.

Strategy size
$100.01
nUSDT price
1.000124
Next clearing
nUSDT price

nUSDT price

Strategy size
$100.01
Stable tranche (depositors)
$80.01
Cover
1.25×
$1 of the stable tranche is backed by $1.25 of strategy assets
= $100.07 strategy assets ÷ $80.01 stable tranche
Exit fee
0.3 %
Exit
up to 21 days
most exits net against new deposits and settle in days
Clearing
on requests
run in the morning window when deposits or exits are waiting; it sets the share price

Figures as of Oct 11, 2026, 6:39 PM UTC; the page refreshes them live.

Where the yield comes from

One loop, settled on chain every day. Each step is a public contract you can check on Tronscan.

  1. 01

    Your USDT

    deposited into the vault

  2. 02

    Collateral on JustLend

    earns the USDT supply rate

  3. 03

    TRX borrowed against it

    sized conservatively, under a risk guard

  4. 04

    Staked for TRON energy

    every staked TRX also carries a vote

  5. 05

    Energy rented out

    plus voting rewards

  6. 06

    Yield at the clearing

    the share price moves up, the rate is published

→ Each step in detail

Where to earn on USDT in TRON

Where USDT sitsNetworkAPYOn $10,000 / year
nUSDTpublished rate · variable, ceiling 6 % TRON 4.17 % ≈ $417
stUSDT TRON 3.65 % ≈ $365
JustLend USDT supply TRON 2.26 % ≈ $226
Bybit Flexible Savings exchange · TRC-20 deposit 1.94 %6.84 % only on the first 200 USDT ≈ $194

Other products: APY as DefiLlama reported it on Oct 11, 2026. nUSDT: its published rate, set at each clearing, with no floor. Past or current yields say nothing certain about the future.

Compounded daily into the nUSDT share price. Exit: 0.3 % fee, up to 21 days.

Built like a vault, not like a farm

Everything important is either on-chain and public, or capped in code.

▦ Proof of position

Collateral, debt, stake and delegations live at public TRON addresses. Anyone can verify the strategy’s NAV in TronScan at any moment — even if our website is down.

▣ First-loss capital

A loss is written down against the founders’ and early backers’ junior tranche and the insurance reserve before the stable tranche is touched. We take the risk first — that’s the deal.

◉ Floating rate, open history

The rate follows what the strategy actually earns and can change on any clearing day. We publish no promised level — instead every reading we have ever set is on-chain, so the track record is something you audit rather than something we advertise.

◈ Speed limits in code

The share price can move at most 0.3% per clearing and 1.2% over any rolling 7 days, and hot keys can move funds only along whitelisted paths.

✦ Clean-money policy

Every deposit passes AML screening and is accepted only with a signed permission. Dirty direct transfers are quarantined by design — they never mix with the strategy’s assets.

◍ Honest exit terms

Withdrawals settle within a published 21-day SLA because TRON’s unstaking takes 14 days — physics of the chain, not our discretion. Most exits net against new deposits and settle in days.

FAQ

Where does the yield actually come from?
From fees for TRON network resources. Every USDT transfer on TRON consumes Energy; wallets and services rent it instead of burning TRX, because renting is 50–70% cheaper. Our vault supplies that Energy from staked TRX and collects the rent, plus Super Representative voting rewards and JustLend supply interest. It is fee revenue from real network usage — not token emissions, not perp funding.
What are the risks?
Main ones: (1) TRON governance can change Energy pricing — it cut prices ~50% in Aug 2025, which is why our target range is conservative; (2) the TRX borrow rate can spike during price pumps — historically brief, and the first-loss tranche absorbs it; (3) smart-contract risk — the contracts are live on mainnet before an external audit, which is pending; (4) JustLend protocol risk. What you do NOT carry: TRX price risk (delta-neutral by construction) and rate promises we can’t keep — the rate is floating, we publish no promised level, and the first-loss tranche stands between a bad month and your balance.
Why does withdrawal take up to 21 days?
Unstaking TRX on TRON takes 14 days — that is a network rule, and it is exactly why energy yield exists at all (capital that can’t flee instantly earns a premium). We publish 21 days to cover the full path including energy-pool notice periods. In practice most withdrawals are netted against incoming deposits and settle in 1–14 days. Your queued ticket is recorded on-chain — verifiable even if this site disappears.
What is the nUSDT token?
A TRC-20 share of the vault. Its price starts at 1 USDT and grows with every daily clearing as yield accrues. Deposit converts USDT to nUSDT at the current share price; withdrawal burns nUSDT back to USDT at the share price minus the 0.3% fee.
Who takes the loss first?
A private first-loss tranche funded by the team and early backers sits junior to every depositor. If the strategy ever loses money, that tranche is written down first. It also collects the residual upside — we get paid only after you do.
Can I verify anything myself?
Yes — that’s the point. The vault and strategy addresses are public: collateral on JustLend, TRX stake, energy delegations and the exit queue are all readable in TronScan. The dashboard simply renders what the chain already shows.
Risk disclosure. nUSDT is a DeFi product, not a bank deposit. Yield is floating and not guaranteed: no rate level is promised, and the published rate can change on any clearing day. Digital assets involve risk of loss, including smart-contract failure and protocol dependencies (JustLend, TRON staking). Not available to residents of restricted jurisdictions, including the United States and the United Kingdom. Nothing on this page is investment advice.