Nara vaults
About Nara
NaraUSD+ is Nara's yield-accruing staking product for the NaraUSD synthetic dollar.
The current listing contains $2.7M TVL in 1 vault with a TVL-weighted average APY of 14.1% (annualised, last 30 days).
Nara provides a synthetic dollar and a yield-accruing savings product for users who hold it. NaraUSD+ is issued when NaraUSD is staked and represents the holder's share of the product's payment-financing returns. Nara describes the underlying activity as short-term financing of cross-border payment transactions.
Deposits of NaraUSD into NaraUSD+ settle immediately. To leave, a holder starts a cooldown and then claims NaraUSD after the configured delay, which is currently seven days on Ethereum. Direct NaraUSD minting and redemption are limited to authorised users who have completed the protocol's KYC/KYB process; NaraUSD can otherwise be acquired on secondary markets.
Nara's documentation says public audit reports are still outstanding. Users should consider the protocol's payment-financing, operational, liquidity and smart-contract risks before using the product.
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| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
NaraUSD+ Nara | 14.1%* | 16.1%* | 4.3%* | 64.2 | 0.2% | 0.0% | NaraUSD | $2.67M $2.67M | 0.3 | --- | 7d | Unknown |  |
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