Гаманець для Swerve.fi USD

What is Swerve.fi USD (SWUSD)?

SWUSD came out of Swerve, a fork of Curve launched in 2020 with no founder allocation. Depositing stablecoins into the Swerve pool minted SWUSD as the pool share, and burning it returns a proportional slice of whatever the pool still holds, which is a mix of dollar stablecoins rather than any one of them. That is the single most important thing about this token: it is a basket claim, not a dollar.

Because the pool collected trading fees, one SWUSD is redeemable for more than one dollar of underlying, and the number climbs slowly instead of the balance changing. A wallet showing the same SWUSD count for years is showing the correct state.

The other thing to know is that Swerve is a finished chapter. The project wound down and its governance was dissolved, so SWUSD is best understood as a legacy position that still sits on-chain and is still redeemable through the contracts, but has no team, no roadmap and thin liquidity to swap into. Anyone holding it should plan an exit as a contract interaction rather than expecting a market.

Supported networks in Tangem (1): Ethereum, and every redemption step costs ETH.

Dormant holdings fail for a boring reason: the key goes missing before the owner gets around to them. A Tangem card creates its key inside the chip and never exports it, and the backup is a second identical card rather than a phrase in a drawer. If SWUSD is something you intend to deal with eventually rather than soon, that is the storage the situation calls for.