M^0

Extension Name: Nami USD Extension Ticker: USDna Extension Model: MYieldToOne

About USDna

USDna will become the native stablecoin of the SEI blockchain, a regulated and foundation supported asset designed to be the base currency for liquidity, trading and ecosystem growth.

Core Use Cases

Nami USD is built with a dual structure:

• USDna is the liquid stablecoin, fully backed through M0 with US Treasuries and full regulatory compliance.
• USDnav is the yield bearing version of the stablecoin.

The USDnav vault distributes yield coming from M0 and from strategies supported by Nami and the SEI Foundation across protocols such as AAVE and Morpho. It maintains a transparent price per share system and allows users to deposit USDna to receive USDnav. The yield bearing token will be supported by dedicated incentives and a points program rewarding deposits and ecosystem participation.

All vault contracts are currently under audit by a tier one firm.

Partnerships with financial transparency providers such as Credora and Accountable are in progress.

Predicate will be used to enforce compliance policies on USDna, including OFAC sanction screening and related checks.

Integration within Nami DEX

USDna will be the core asset of the upcoming flagship DEX v4, serving as the primary settlement token and the default liquidity standard.

• Nami Credit will use USDna as its main asset for deposits, yield generation and borrowing against veNFT collateral. • Core pools on the DEX will be paired with USDna. • Partner protocols will be encouraged to pair their tokens with USDna. • Voting rewards from the new d3,3 model can be paid out in USDna, creating consistent demand.

Roadmap

USDna, USDnav, Nami DEX v4 and Nami Credit will launch in Q1 26 alongside a coordinated, large-scale marketing campaign. The goal is to position USDna as the native stablecoin of SEI from day one.

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