How pUSD Works
An algorithmic reward asset earned through trading. Backed by protocol revenue. Redeemable for USDT or PREX.
pUSD in 30 Seconds
Earned, Not Bought
Minted through trading, referrals, and grants. Never sold. Zero cost basis.
Treasury-Backed
50% of protocol fees flow to the Solvency Pool. Real revenue, not emissions.
Real Redemption
Redeem for USDT (3-month cliff) or convert to PREX 1:1 at $1B FDV.
pUSD is an Algorithmic Treasury-Backed Token
Unlike USDC or USDT, pUSD does not maintain a 1:1 USD peg. Its redemption value is dynamic, determined by treasury health and redemption demand. Since you earn it (not buy it), your risk is opportunity cost, not principal loss.
How You Earn pUSD
Minted through verified activity. Never purchased. Zero cost basis.
Account Creation Allocation
Auto-credited100 pUSD credited on signup, unlocks via the Golden Ratio as you trade.
100 pUSD locked → 1 pUSD unlocked per $1 trading volume → Max 100 pUSD
LossLess™ 10% Rebate
ProtectionAutomatically receive up to 10% of realized trading losses back in pUSD.
1 pUSD per $1 loss • Max 10 pUSD per event • 100 pUSD lifetime cap
5-Level Referral Network
NetworkEarn fixed pUSD for every signup across 5 levels.
L1: 10 pUSD • L2: 5 pUSD • L3: 3 pUSD • L4: 2 pUSD • L5: 1 pUSD per signup
Ignite Grants
BuildersCommunity builders and content creators receive milestone-vested pUSD grants.
25% on approval, 75% vests on milestone completion
Unlock Schedule
Earned pUSD unlocks progressively as you demonstrate genuine engagement. This prevents gaming and aligns incentives.
Golden Ratio Unlock
Your 100 pUSD signup allocation unlocks 1:1 with your trading volume.
3-Month Cliff for Redemption
Even after 100% unlock, pUSD must be held 3 months from mint date before becoming eligible for USDT redemption (Path A).
Where the Money Comes From
Real protocol revenue, not inflation. Here's how fees flow.
Revenue Sources
50/50 Revenue Split
Backs pUSD redemptions. Grows continuously from protocol revenue.
Distributed as pUSD rewards through Proof-of-Activity mechanisms.
No inflation. pUSD is only minted when backed by actual revenue—not printed from thin air.
How You Redeem pUSD
Two distinct paths: stable value via USDT redemption, or growth potential via PREX conversion.
USDT Redemption
PREX Conversion
LossLess™ Protection
A unique mechanism that automatically rebates 10% of your trading losses in pUSD.
How It Works
- 1You close a position with a realized loss
- 2System calculates 10% of the loss amount
- 3pUSD is automatically credited to your account
- 4Subject to per-event, monthly, and lifetime caps
Cap Limits
- • Per-event cap: 10 pUSD
- • Lifetime cap: 100 pUSD per user
- • Rebate rate: 1 pUSD per $1 loss
Example
Softens the psychological blow of losses. Earned pUSD from LossLess™ has the same redemption rights as any other pUSD.
Use pUSD Now
Don't just hold. Use it while your cliff matures.
Internal Speculation Markets
Trade on exclusive internal prediction markets using pUSD. Test strategies in a contained environment.
Tools Marketplace
Purchase premium analytics, signals, and trading tools from the Prex marketplace.
Spotlight Burn Auctions
Bid pUSD to feature your market or content. Winning bids are burned permanently.
Fixed-Term Staking
12-month hard lock to earn 12% APY paid in PREX. Activates after Solvency Pool initialization.
Sandbox Trading
Practice strategies in risk-free sandbox mode. Learn without real capital at stake.
Deflationary Burns
Spotlight auctions, marketplace fees, and premium features permanently burn pUSD. This reduces circulating supply, potentially increasing per-pUSD redemption value.
Ready to Start Earning?
Trade on Prex Markets. Earn pUSD. Zero cost basis.