Main St Ecosystem Overview

Main Street's multi token system delivers institutional-grade returns through segregated risk via vaults with separate unique strategies, and unstaked msUSD which is simply backed 1:1 with USDC and not deployed into any strategy.

Key Features

Main Street transforms complex delta-neutral strategies into a simple multi token system where yield is earned through staking:

• msUSD: The base token that is always backed 1:1 with USDC, backing never deployed into any strategy.

• msY: The first strategy token that accrues yield when users stake their msUSD and is backed by the box spread strategy.

Proof of Reserves & Transparency

Main Street sets a higher standard for stablecoin transparency through continuous, independent proof of solvency through Accountable.

Accountable uses advanced cryptographic techniques, including Zero-Knowledge Proofs, to verify financial reserves without exposing sensitive information. It integrates with 30+ blockchains, banks, custodians and exchanges to provide real-time, trustless verification of reserves by retrieving balances and positions directly from source rather than relying on self-reported data. Cryptographic proofs are created for the data retrieval process and trusted aggregations are built on top of verifiable data.

Why This Matters

This framework transforms stablecoin transparency from a marketing promise to a verifiable fact, enabling users to conduct meaningful due diligence on our collateral claims in real-time.

Access Our Transparency Tools:

• Verify Proof of Reserves: https://por.mainstreet.finance/

Access & Flexibility

Users can buy and sell msUSD on the open market on Ethereum subject to current exchange rates and fees on applicable markets. After buying, users can stake their msUSD to receive msY and begin earning yield.

The LayerZero integration enables seamless cross-chain movement with optimized paths between Sonic and Ethereum.

Actual yields fluctuate based on prevailing market funding rates.