How dollarize works.

dollarize gives a memecoin its own dollar, backed by USDC and redeemable whenever you want. A tenth of every mint becomes liquidity for the memecoin, and the trading fees it earns are paid to whoever stakes the dollar.

ZEUS is our flagship memecoin and USDZEUS the first dollar launched. We want to launch more. Everything below uses USDZEUS's live figures.

Open USDZEUS
Every mint$1$0.90 reserve, in USDC$0.10 liquidity, for fees

Live from Ethereum mainnet

USDC in the reserve
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In circulation
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USDC backing
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Staking APR
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Backed by USDC, redeemable at any time.

Every USDZEUS in circulation has USDC behind it, held in the project's reserve and lent on Aave while it waits. You can hand USDZEUS back and take USDC out whenever you want. Redemption has no lock or waiting period, and the contract has no function that could pause it.

Everyone redeems at the same rate, the USDC in the reserve divided by the coins in circulation. Leaving first pays the same as leaving last, so there is nothing to race for. The memecoin's price plays no part in it.

1 coin redeems for

Reading USDC

Supply redeemable now
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Aave pays the reserve
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Where each dollar goes.

You deposit USDC and receive USDZEUS, with no fee. Nine tenths of the deposit stay in the reserve and one tenth becomes the project's own liquidity in the ETH/ZEUS pool on Uniswap. What the USDC backing changes is how many coins a dollar mints and who gets each harvest: the pool fees, the Aave interest and the arbitrage profit, gathered once a day.

Every deposit of $1,000, at any USDC backing

  • $900 stays in the reserve as USDC, lent on Aave
  • $100 buys ETH and the memecoin for the project's liquidity

USDC backing below 100%

You receive1,000 coins

Each harvest goes

  • 50% to stakers
  • 50% to the reserve

One coins per dollar. 50% of every harvest goes back into the reserve and lifts the USDC backing toward 100%.

USDC backing above 100%

You receive961.54 coins

Each harvest goes

  • 100% to stakers

Coins are minted at the redemption price, $1.04 in this example, so nobody can mint at $1 and redeem the surplus.

At exactly 100% a dollar still mints one coin and the whole harvest goes to stakers.

The liquidity manager.

The tenth of every mint that becomes liquidity works like a black hole: it goes in and never comes back out. A liquidity manager decides where in the pool it sits, so that it catches as many trades as possible, and has no way to withdraw it.

Position in the pool
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Liquidity managers
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Manager's share of PnL
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The project's position drawn as a black hole. The manager moves its range; fees leave toward the stakers; there is no way out for the liquidity itself.1Liquidity managerThe range2Stakers

  1. It steers the liquidity

    The manager chooses where the ETH/memecoin liquidity sits: its price range, and which of Uniswap's four fee tiers it trades in. The contract only lets a move land on a range around the current price.

  2. The fees always go to stakers

    Every fee the position earns goes into the harvest, which pays stakers in the stablecoin. Below 100% USDC backing part of it also lifts the reserve. The manager has no path to any of it.

  3. It cannot take the money out

    There is no function that sends the position to a manager. Moving the range takes the liquidity out and puts it back in the same transaction, inside the same contract.

What staking could earn as ZEUS grows.

The APR comes from real trading: the more ZEUS trades, the more the position earns in fees, whether the price goes up or down. These are the scenarios from our pitch, scaled to the fee the position earns today.

ZEUS market cap today
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Staking USDZEUS today
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APR with half of USDZEUS staked

ScenarioZEUS market capAPR, half of USDZEUS staked30-day returnhalf staked75% to 25% staked
At today's size$650K mcap$500K/mo traded632%
Case study$224M mcap$175M/mo traded3,528%
Conservative$525M mcap$406M/mo traded6,615%
Base$1.12B mcap$868M/mo traded12,201%
Bullish$1.75B mcap$1.36B/mo traded17,934%
Very bullish$3.33B mcap$2.58B/mo traded31,164%
Euphoria$8.75B mcap$6.8B/mo traded72,912%

The 30-day return is one month of each scenario's trading, paid to stakers. The large figure assumes half of USDZEUS staked, like the APR. Below it, 75% staked and 25% staked: the fewer coins staked, the bigger each one's share. Simple return, not compounded. These are projections, not a promise.

The people behind it.

dollarize is built by Eneko Knorr and Alberto Gómez Toribio, who have worked on stablecoins, custody and exchanges for years.

Read their full stories on About us