Introducing The Open Stablecoin Index ($OPEN)
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$OPEN is an equal-weight index tracking leading stablecoin-networks advancing transparency, composability, and user-led governance.
| Network / Token | Governed Assets | Allocation |
|---|---|---|
$AAVE
Aave
|
$AAVE governs GHO, a decentralized multi-collateral stablecoin that is fully backed and transparent, and native to the largest decentralized lending market. | 12.5% |
$CRV
Curve
|
$CRV governs crvUSD, an overcollateralized stablecoin with a unique liquidation engine for smoother, more flexible borrowing. | 12.5% |
$ENA
Ethena
|
$ENA governs USDe, a yield bearing synthetic dollar, stabilized via delta-neutral hedging across both centralized and decentralized markets. | 12.5% |
$INV
Inverse
|
$INV governs DOLA, a decentralized stablecoin minted against crypto collateral and stabilized via protocol-controlled liquidity and governance. | 12.5% |
$FXS
Frax
|
$FXS governs FrxUSD, a fiat-redeemable stablecoin using a hybrid model of onchain mechanisms and custodial minting. $FXS also governs FRAX and FrxETH. | 12.5% |
$LQTY
Liquity
|
$LQTY governs BOLD, an immutable, crypto-only stablecoin—decentralized, overcollateralized, always redeemable. | 12.5% |
$RSR
Reserve
|
$RSR governs USD3 and eUSD—overcollateralized asset-backed stablecoins with unique programmable yield-sharing onchain. $RSR also governs ETH+ and a suite of DTFs. | 12.5% |
 $SKY
Sky
|
$SKY governs USDS, a soft-pegged, overcollateralized stablecoin used for earning yield and rewards without giving up asset control. | 12.5% |
