twinUSDC

twinUSDC is a stable-coin that is backed one to one by USDC, which is deposited into Dolomite, the currently largest lending protocol of Berachain. Unless the USDC pool on Dolomite is fully utilzed, twinUSDC can be converted back into USDC at any time without costs.

Yield that is earned by the USDC deposits on Dolomite are transferred to the TWIN DAO treasury multi-sig wallet, where among other things it will be used to bribe Twin Finance Liquidity pools, buy back TWIN tokens and reward other TWIN related activities. twinUSDC is the primary backing for all Twin assets.

twinUSDC is used as collateral to back the TWIN assets.