USDR (Tangible) · interactive mechanism simulation

Deposits back a "stable" token mostly with illiquid tokenized real estate — only a thin DAI buffer is actually redeemable. Push redemption pressure past the DAI buffer and watch the peg break.
Depositors deposit for 16% APY redeem for DAI USDR protocol peg: $1.00 45.0M circulating rebasing +16% APY UK real estate 78% of reserves · illiquid cannot sell on demand DAI buffer liquid: 8.0M DAI TNGBL insurance 9% · thin order book locked ~2 years Redemption queue 0 pending
Peg price
$1.00
DAI buffer remaining
8.0 M DAI
Real estate (locked)
36.7 M value
Redemptions honored at par
0
Parameters — edit me
0.8/s
17%
78%
16%
Controls

Illustrative simulation. Defaults mirror the researched USDR mechanism (~78% real estate, ~17% DAI buffer, ~9% TNGBL insurance, 16% APY rebase) but redemption timing and sizes are randomized for visualization — not live onchain data. "Trigger the failure mode" replays the October 2023 bank run that drained the DAI buffer in hours. Part of The Onchain Experiment Atlas.