RAAC Launches its PSM for pmUSD

RAAC's PSM accepts only sUSDS—Sky's (formerly MakerDAO) savings token—at launch, letting users swap pmUSD for sUSDS at a 1:1 internal rate. Arbitrageurs can buy pmUSD below $1 on Curve, swap at $1, and capture the spread, generating buy pressure that supports the peg. Depositors receive a composable ERC-20 share token and earn yield from sUSDS appreciation, protocol revenue streamed over 28 days, and gauge rewards. Safety features include a reserve ratio floor, dynamic withdrawal fee, NAV circuit breaker, and a 24-hour withdrawal cooldown. The protocol excludes US persons.

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