# nUSDT

> nUSDT is a USDT yield strategy on TRON. USDT deposited into the vault earns from TRON energy rental and voting rewards; the stable tranche is paid a published, variable rate that is set at each daily clearing, with no floor and a ceiling. Every clearing is settled on chain.

## Key facts
- Figures below were read from https://api.nusdt.io at 2026-10-11 18:39 UTC. They change; the API has the current values.
- Published rate of the stable tranche: 4.17 % a year — variable, set at each daily clearing from what the strategy earns on TRON energy rental, with no floor and a ceiling of 6.00 %. It is not a promise of any level.
- Strategy size: $100.01 (live pilot since 2026-10-08).
- Cover: each $1 of the stable tranche is backed by $1.25 of strategy assets (NAV $100.07 over stable tranche assets $80.01); losses are written down against the junior tranche and the insurance reserve first.
- nUSDT share price: 1.000124 USDT, set at each clearing.
- Deposits through the queue: from 5,000 USDT; a deposit converts into nUSDT at the next daily clearing and can be cancelled until then. Every deposit is AML-screened.
- Withdrawals: a request from 20 USDT becomes an exit voucher paid within 21 days; exit fee 0.3 %.
- Contracts on TRON mainnet (source verified on Tronscan):
  - nUSDT share token (TRC-20): TJUjSRy5MA4pbVrwpP4CKr4bEEzSzYToYE
  - Alpha tranche token nALFA (TRC-20): TQvRyRrCyPKdxUpUjtEq8AAbMmLTPz5QSV
  - Exit voucher (TRC-721): TAabnGQgBEu8K46sFsWvGDokTjE3rGruBx
  - Vault: TEDGe1kZ5hJTHkQDGCZ2b6QWgFBFT2jWK7
  - Strategy: TJcx9rLFZcn3XpimbGXs7ixWnof8XpoFJX

## Pages
- [How it works](https://nusdt.io/how-it-works/): where the yield comes from, the daily clearing, deposits and exits
- [Transparency](https://nusdt.io/transparency/): strategy size, NAV, cover, borrowing in use, every clearing with its transaction
- [Security](https://nusdt.io/security/): controls, the junior tranche, what can and cannot happen to deposits
- [Compare](https://nusdt.io/compare/): nUSDT against other USDT yield products
- [FAQ](https://nusdt.io/faq/): answers to the questions depositors ask
- [Contracts](https://nusdt.io/contracts/): the live contract and token addresses
- [App](https://nusdt.io/app/): deposit and withdraw (a TRON wallet is required)

## Public data (JSON, no key, cached)
- https://api.nusdt.io/api/stats: share price, strategy size, NAV, thresholds, fees, next clearing
- https://api.nusdt.io/api/rate: the published rate and its ceiling
- https://api.nusdt.io/api/rate/history?range=30d: published rate history (7d, 30d, 1y)
- https://api.nusdt.io/api/price/history?range=1y: share price set at each clearing
- https://api.nusdt.io/api/risk: borrowing in use, TRX debt, TRX price

## Optional
- [Full text for language models](https://nusdt.io/llms-full.txt)
- [Delta-neutral USDT yield: how it works, and when it breaks](https://nusdt.io/blog/delta-neutral-usdt-yield/): Delta-neutral means earning a spread while holding no price risk. The mechanics are simple; the failure modes are where products differ. An honest walkthrough.
- [nUSDT vs sUSDe vs Aave: three yield sources, three risk profiles](https://nusdt.io/blog/nusdt-vs-susde-aave/): Same 'stablecoin yield' label, completely different machines underneath. We compare fee-backed, funding-backed and borrow-backed USDT yield head to head.
- [What is TRON Energy, and why does it cost real money?](https://nusdt.io/blog/what-is-tron-energy/): TRON meters smart-contract execution in Energy. USDT transfers consume it, wallets rent it, and stakers earn the rent. Here is the whole market in plain language.
- [Why our withdrawals take up to 21 days — and why that is the point](https://nusdt.io/blog/why-withdrawals-take-21-days/): The 14-day TRON unstaking timer is not a limitation we tolerate. It is the mechanism that makes the yield exist. An explanation of exit physics, netting and the queue.