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USDaf · USD Yield
Target 4–10% returns on your dollars with USDaf.*
Tokenized USD yield, generated through transparent DeFi strategies and issued by AbraFi.
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*Target range, variable and not guaranteed. Yields are illustrative and involve significant risk, including possible loss of principal.
USDaf Illustrative
4–10%* target APY · accrues daily
Balance $250,000.00
Earned this month +$2,050.41
4–10%* Target APY
$0 Minimum
Flexible Liquidity
Daily Accrual
AbraFi Issuer
How it works
Mechanism, not magic.
Where the yield comes from — in four steps.
- Fund your account
Deposit USD — no minimum to begin. - Mint USDaf
Your dollars become yield-bearing USDaf. - Strategies deploy
AbraFi allocates across transparent DeFi strategies — basis, liquidity provisioning, looping. - Yield accrues
Returns accrue to your balance; withdraw on flexible terms.
Assessing the product
Terms at a glance.
| Seed Program | Mar 9, 2026 – Mar 8, 2027 |
| Seed Program Cap | $250M |
| Target Base Yield | 4-10% APY |
| Bonus Rewards** | 7% APY** |
| Structure | Managed Account |
| Investment Adviser | Abra Capital Management, LP (Abra) |
| Qualification | Accredited Investors or Institutional Investors |
| Investment Minimum | None |
| Management Fee | No Fee |
| Reporting | Daily |
| Liquidity | Daily |
| Subscriptions | USDC or USD |
How it compares
More on your dollars.
Target USDaf yield vs. common places to hold cash.
| Where your dollars sit | Target yield |
|---|---|
| Bank savings (national average) | 0.38% |
| US Treasury - 10 year | 4.61% |
| Money market fund | 3.48% |
| USDaf | 4.34% (30D) |
Illustrative comparison. Benchmark rates are approximate and change over time. USDaf figures are target ranges, variable and not guaranteed.
Yield calculator
See how your US Dollars could grow.
Estimate how your balance could compound over time. Illustrative only — subject to variable rates and risk.
Investment amount (USD)
$
Time horizon: 10 years
Yield Source 1 (APY): 10%
Yield Source 2 (APY): 4%
Yield Source 1 in 10 years
$259,374
Total return +159%
Yield Source 2 value $148,024
Difference (Source 1 − 2) +$111,350
Understand the risk
Assessing the product.
Historical performance
| 30 Day | 90 Day | YTD | 365 Day | Since Inception |
|---|---|---|---|---|
| +4.34% | +6.67% | +6.67% | +6.67% | +6.67% |
Average APY. Reporting period: through July 2026. Last updated Aug 7, 2026, 6:05 PM UTC. Tracking since May 2026.
APYs shown are gross and exclude applicable advisory fees. The APY represents average annualized yields for the period indicated, are subject to change, are not guaranteed, and are not indicative of future results. See Important Performance Information for methodology and additional disclosures.
USDaf involves risk, including loss of principal.
USDaf is not a bank deposit and is not insured by the FDIC, NCUA, or any other agency. Target yields are variable ranges shown for illustration and are not guaranteed. The underlying DeFi strategies involve significant risk — including smart-contract risk, counterparty risk, and market risk. Net returns depend on variable rates, collateral yield, swap costs, and safety buffers. Nothing here is an offer or investment advice.
FAQ
Questions, answered.
How is the yield generated?
USDaf yield comes from transparent DeFi strategies operated by AbraFi — including basis trades, providing liquidity to protocols, and looping. The mechanism is disclosed, not a black box.
Is my principal guaranteed?
No. USDaf is not a bank deposit and is not insured. Target yields are variable and not guaranteed, and the strategies involve significant risk, including possible loss of principal.
Can I withdraw at any time?
USDaf is designed for flexible liquidity. Specific terms and any applicable notice periods are provided in the product documentation before you commit funds.
Who issues USDaf?
USDaf is issued by AbraFi. Abra Capital Management, LP (ACM) is an SEC-registered investment adviser that provides access to AbraFi products.
What is the USDaf Stablecoin Seed Program?
USDaf can also be accessed as staked USDaf on Solana through the Stablecoin Seed Program, which seeks 3–12% APY in-kind via delta-neutral DeFi strategies — basis, staked SOL, and hedged liquidity provisioning — inside a separately managed account with daily liquidity and daily reporting.
Is there a bonus yield during the Seed Program?
During the Seed Program, participants may earn the equivalent of an additional ~7% APY in $AFI, the AbraFi protocol governance token (assuming a $300M fully diluted value; variable with market conditions). The program runs Mar 2026–Mar 2027 with a $250M funding cap, and is open to Accredited Investors or Qualified Persons.
What are the fees, minimum, and custody for the Seed Program?
No management fee, no performance fee, and no investment minimum. Assets are custodied in a Fireblocks MPC wallet with keys split across parties and backed up by a third-party administrator; you retain title. The strategy is issued by AbraFi Ltd.