ΣΤΥΞ · the river you cross
Private money,
carried unseen.
sUSD is a fractional-algorithmic stablecoin you hold and send privately — shield it, and the amount & both parties vanish from the ledger. The coin placed beneath the tongue, paid across the river. Public when you choose; hidden when you don't.
The crossing · the ledger
RITE sUSD-001SUBJECT · PRIVATE STABLECOINMARKED · UNSEEN
USDG · collateral
—
STYX · share
—
sUSD · public
—
sUSD · unseen
██████reveal
The reckoning · protocol
sUSD peg
$—
collateral ratio
—
in reserve
—
sUSD struck
—
carried unseen
—
The unseen ledger · recent
The rites of passage · roadmap
RITE I
The ledger & $STYX
Real privacy primitives (commitments, nullifiers, encrypted notes) with the peg & ledger kept off-chain. $STYX launches as the community/gov token.
RITE II
On-chain sUSD (Robinhood Chain)
Solidity contracts on Robinhood Chain: deposit collateral → mint/redeem sUSD, a signed 24/7 oracle, an sUSD pool. A transparent stablecoin on Robinhood Chain.
RITE III
Peg automation
Algorithmic collateral-ratio control + keeper bots holding the $1 peg via arbitrage.
RITE IV
ZK privacy
Trustless shielded transfers via on-chain zero-knowledge proofs (Light Protocol). The coin truly disappears.
RITE V
Audit & mainnet
Professional audits, liquidity, and mainnet launch. Nothing touches real money before it's audited.
How the crossing works
I
Strike sUSD
Deposit USDG collateral and burn a small STYX share (fractional-algorithmic) to strike $1-pegged sUSD. Redeem any time to reverse it.
II
Carry it unseen
Move sUSD into the shielded pool — it becomes a note encrypted only to you. Your balance reads ████ on-chain.
III
Pay across the river
Send shielded sUSD and the amount & both parties stay hidden — the ledger keeps only a nullifier and a new commitment. Private digital cash.
⚠ Disclosure · read me
This is Rite I. The peg, collateral and ledger are kept off-chain in Rite I; the privacy primitives are real but the trustless ZK validity proof arrives with Rite IV (audited zk-SNARKs come at mainnet). Algorithmic stablecoins are extremely high-risk — most have de-pegged (see UST/Terra). Nothing here holds real value or is financial advice.