Underlying asset
sUSN
Issued by Noon. The facts below were checked on the date shown, from the sources listed.
sUSN is issued by Noon. What stands behind it: a basis trade run off chain. Only approved holders can redeem it; others leave by selling.
Facts
- Issuer
- Noon
- What stands behind it
- a basis trade run off chain
- Strategy
- not found in a source that meets the standard
- Valued in
- USD
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- a manager off chain, an exchange holding the assets
- Redemption
- redeemed only by approved holders; the issuer's stated worst case is 7 days
- Who can change it
- a multisig (Safe) · 3 of 6 signatures 0x1ea169ecccf7714e7ba04900e1a3357cca77327f (Ethereum)
a timelock · 48 h delay 0xe5e412c212b4fbbf550a94e7bd5e83db0b315a7f (Ethereum) - Audits
- Sherlock, 2026-07
Halborn, 2025-03
Also named by the issuer, without a linked report: Quantstamp, Hashlock - Bug bounty
- not found in a source that meets the standard
- Depends on
- none recorded
- Chains
- Ethereum
- Checked
- 2026-09-22, from the issuer's own documents
- Sources
- https://docs.noon.capital/built-for-high-yields/our-stablecoin-usn-and-susn
https://docs.noon.capital/built-for-high-yields/our-stablecoin-usn-and-susn/minting-and-redemption
https://docs.noon.capital/noon-the-basics/risks-and-mitigants
https://docs.noon.capital/built-for-safety/2.-audited-and-secured-infrastructure/smart-contract-audits
https://docs.noon.capital/2.-usdusn-and-usdsusn/usdusn-and-usdsusn
https://docs.noon.capital/2.-usdusn-and-usdsusn/mint-and-redeem
https://docs.noon.capital/5.-the-security-framework/smart-contract-security-and-audits
https://docs.noon.capital/6.-resources/contract-addresses-and-oracles
https://docs.noon.capital/3.-the-yield-engine/return-generation
https://docs.noon.capital/3.-the-yield-engine/yield-strategies/funding-rate-arbitrage-perps
https://docs.noon.capital/1.-noon-the-basics/risks-and-mitigants
Pendle markets on it
Live Pendle markets on this asset, as of 6 Oct 2026. Rates are not shown. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Ethereum | 2027-07-22 | PT-sUSN-22JUL2027 |
Not found
What the research has not answered for this asset, said rather than left blank.
- Which strategy produces the yield.
- A public bug bounty programme.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.