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        • ๐Ÿ’ตUSD Money Market Fund Vault
          • ๐Ÿ’ฐInterest Rate & Fees
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  1. Stablecoin Yield
  2. Stablecoin Yield Vaults
  3. Money Market Fund Vaults

USD Money Market Fund Vault

Flexible term, variable rate on-chain loans fully secured by US Treasury Bills and USD Money Market Funds.

PreviousMoney Market Fund VaultsNextInterest Rate & Fees

Last updated 5 days ago

Summary

The USD Money Market Fund Vault aims to provide lenders with the risk free rate of return for USD. It's collateral portfolio consists exclusively of highly liquid US Treasury Bills and USD Money Market Funds.

Interest accrues and compounds daily and lenders can move in and out at anytime. Withdrawals made before the cut off time are repaid same day, typically within 6 hours.

Vault
Details

Vault Name

USD Money Market Fund Vault

Token Symbol

XMMF

Protocol Version

5.0

Eligible Collateral

Fidelity USD MMF, USD, USDC

Stablecoins Accepted

USDC

Networks Supported

Avalanche, Ethereum

Investments

Anytime, minted immediately

Withdrawals

Anytime, repaid T+2

Minimum Investment

100 USDC

Term / Lockup

None

Fees

50 bps per annum, deducted from the gross yield generated on the underlying collateral

Interest Accrual

Lenders earn a (โ€œLoan Fee Rateโ€) which is benchmarked to the less Fees. Principal and interest compounds daily.

Exchange Rate Method

Reference price set by Investment Advisor each day at 23:59 GMT. Exchange rate between XMMF/USDC increases each day to reflect daily interest accrual.

Legal Structure

Leverages the same institutional grade , , and as our other OpenTrade Treasury Management & Yield Product.

๐Ÿ’ธ
๐Ÿฆ
๐Ÿ’ต
vault tokens
variable interest rate
4-Week Bank Discount Daily Treasury Rate
legal framework
bankruptcy remote structure
regulated service providers and counter-parties