FAQs

What is Chi Protocol?

What actions can I perform in Chi Protocol?

How do I interact with Chi Protocol?

Can funds be frozen in the Chi Protocol?

Where are the Chi Protocol’s reserves stored?

Is minting USC the same as borrowing against my collateral?

What are the benefits of minting and staking USC?

Why is CHI better than other governance tokens in DeFi?

What are the use-cases of CHI?

Is Chi Protocol a fork of other stablecoin protocols?

How is Chi Protocol improving on existing stablecoin designs?

Why is Chi Protocol superior to delta-neutral stables and CDPs?

What is the difference between Chi Protocol and Circle?

What is the difference between Chi Protocol and Maker?

What is the difference between Chi Protocol and Ethena?

What are the risks involved in using Chi Protocol?

What approach is taken to mitigate those risks?

What are stUSC and wstUSC?

What is the difference between staking and boosting?

How do I stake?

How can I boost my positions across the protocol?

Where are the rewards derived from?

What do I earn by staking USC?

What do I earn by staking my LP positions in CHI and USC?

What do I earn by boosting CHI?

What extra rewards do I earn by boosting my wstUSC and LP positions?

Do I get different rewards with stUSC compared to wstUSC?

How often do I receive rewards?

Where can I track the rewards?

Where can I find the APR calculation formulas?

Which currencies can I use to mint USC?

How does the minting of USC from other L2s work exactly?

Is there a minimum or maximum amount of reserves I must deposit to mint USC?

Is there a minimum or maximum amount of USC I can stake (wrap) to receive stUSC or wstUSC?

What fees do I pay when interacting with Chi Protocol?

Have the protocol’s smart contracts been audited?

What additional security practices are in place?

How does the Chi Protocol keep the price of USC at $1 and ensure sufficient reserves to back the circulating supply?

What is the current distribution and allocation of stETH and weETH rewards generated by the protocol’s reserves?

What risk management practices are in place to protect the protocol against ETH volatility?

How are new collateral assets selected?