Words.

Claim

The last step of leaving sUSDh. After the 30-day wait, you claim your USDh, with the rewards it built up.

Etherscan

A free public website for reading Ethereum. Used to check the contracts yourself.

Exit period

The 30 days between asking to unstake and being able to claim. The app may call it the cooldown.

Freeze

Stops one address from sending or receiving. It doesn’t take the balance.

Approved route

A contract run by another firm, such as an aggregator, that the issuer allows to mint and redeem USDh for its users. Redeeming through one pays 1 AUSD for each USDh.

Holder

Anyone who holds USDh without signing up with the issuer. Holders can hold, send, swap and stake, but can’t redeem with the issuer directly, except through an approved route.

Mint User

A business that has signed up with the issuer and can mint and redeem USDh directly, 1:1.

Multi-signature wallet

A wallet that needs several people to sign before it can act. No single person controls it.

Pause

Stops all USDh transfers for an emergency. Like a freeze, it can’t take anything.

Peg

The target that 1 USDh = 1 US dollar.

Reserves

The dollars and bonds held behind USDh and sUSDh.

Restructuring

When a government can’t pay its debts as agreed and renegotiates them with its lenders. Lenders usually take a loss.

sUSDh price

How much USDh one sUSDh is worth. It started at 1.00 and goes up as rewards build up. The app may call it the exchange rate.

Stake

Turn USDh into sUSDh.

Timelock

A contract that makes every big change wait 48 hours in public before it can run.

Treasury bill

A short loan to the US government.

Unstake

Ask to turn sUSDh back into USDh. Starts the 30-day wait.