What is Trevee Staked Plasma USD?

Staked Plasma USD (splUSD) is a yield-bearing staked variant of plUSD, launched by Trevee Earn on the Plasma network as a core component of its plAssets ecosystem, designed to deliver competitive returns for users seeking stablecoin exposure with enhanced earning potential.

Built on the robust Midas Vaults infrastructure, splUSD enables seamless minting of plUSD using USDT, where the underlying stablecoins are automatically deposited into audited Midas vaults that securely manage over $1.5 billion in assets through curator-vetted DeFi strategies on protocols like Aave and Fluid. Yields generated from these farming activities are auto-compounded within the vault, then swapped into stablecoins to mint additional plUSD, which is directly distributed as rewards to splUSD stakers, fostering continuous APY growth and positioning plUSD as the preferred medium of exchange in Plasma.