USPD
Summary
USPD contracted the services of Resonance to conduct a comprehensive security audit of their smart contracts between June 10, 2025 and June 20, 2025. The primary objective of the assessment was to identify any potential security vulnerabilities and ensure the correct functioning of smart contract operations.USPD is an ERC20-compliant USD-pegged stablecoin designed for stability and reliability in the DeFi ecosystem. It implements a unique stabilizer-based overcollateralization system using NFTs. Users can mint USPD by depositing supported collateral assets (e.g., ETH) at the current USD exchange rate. The system is secured by stabilizers who provide additional collateral through NFT-based positions, ensuring the protocol maintains a healthy overcollateralization ratio. This stabilizer-backed system helps maintain the token's stability at a 1:1 peg to the USD and protects against market volatility.
