Where do the rewards come from?
loyalty Program
In addition to receiving a Reward APY based on your eUSD balance, at UGLYCASH we offer a loyalty program. But this program isn’t like the usual ones you know—it’s designed specifically for our community. That’s why, by completing certain goals, you can earn extra benefits, such as higher rewards and cashback on your purchases. This program allows us to keep growing our community.
It’s important to note that the terms of the program may change over time, so we encourage you to regularly check our app to stay up to date!
Reward APY
The rewards are generated when having eUSD balance in UGLYCASH. It comes from the company treasury, and it can be modified over time. An incentive program from the Reserve Protocol provides the budget funding necessary to offer a sustainable reward. This program partners with fintech apps like UGLYCASH to boost eUSD.
How Does the eUSD Fund The Incentives?
The collateral backing eUSD (USDC and USDT in Aave/Compound)
is put
to work in established decentralized lending protocols like Compound and
Aave. These protocols work like decentralized banks, generating interest
from deposited assets.
The backing assets (USDC and USDT) earn yield from borrowers' interest payments in these protocols.
A large portion of these yields goes to RSR stakers, who strengthen eUSD's stability through over-collateralization.
A portion of the yield from the Lending Protocols is used to reward RSR stakers, further enhancing eUSD's stability.
Compound USDT
Aave USDC
Compound USDC
Why Is UGLYCASH Key in This Process?
As a leading eUSD promoter, UGLYCASH brings these benefits directly to users. Through the UGLYCASH app, customers get:
● Enhanced Returns: The incentive program helps eUSD holders earn more than typical bank rates.
● Dual Benefits for Users: eUSD holders gain from both RSR staker over-collateralization and high sustainable rewards from UGLYCASH treasury.
A Complementary alternative to traditional banking
In this way, it is possible to generate significantly higher yields than traditional banking (We are not a bank, do you remember? :) ) without adding excessive layers of additional risk. At the same time, these risks are mitigated by applying the highest industry standards. To learn more about the risks, visit the Is UGLYCASH safe? What Are the Risks? section.
