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USDdw gives access to fixed-rate yield. You mint USDdw by depositing USDC into one of its credit vaults, each of which accepts capital at a fixed rate. Drakewell deploys that capital into a range of delta-neutral and market-neutral strategies, such as the basis trade and arbitrage, and into over-collateralized private credit. Rates are set per vault. Current terms at drakewell.fi.

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Key terms

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Who USDdw is for

USDdw is offered to eligible institutional participants. Each venue runs its own eligibility checks, and access may be restricted in some jurisdictions. See Disclosures.

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Learn more

How it works

From mint to redemption, and where the yield comes from.

Credit vaults

Where to mint USDdw, with networks and contract addresses.

Risks

What can go wrong, and how Drakewell limits it.