V2.1 Improvements Summary
A quick side-by-side look at what changed from V1 (CDP-based, over-collateralized loans) to V2.1 (liquid-staked RWA architecture) and why it is better for users, institutions, and developers.
Core Model
Users borrowed against crypto (over-collateralized). Risk of liquidation.
Users swap into USDL and stake into LsRWA vaults. No loans, no liquidations.
Simpler, no liquidations, no over-collateralization. More capital efficient.
Extra Yield
Passive RWA exposure only.
Vaults run low-risk, strategies that boost RWA returns by ≈ 2-5 % a year.
Higher returns without extra steps.
Compliance
Geo-blocks only at the website/UI level.
Wallets pass a one-time KYC and can use RWA tokens anywhere.
Ready for institutions, multiple jurisdictions, and future U.S. roll-out.
Safety Buffer
RWAL stakers back system.
Asset Reserve Fund (ARF), refills automatically from fees. RWAL stakers back system secondarily.
Clear redundant protection against rare losses.
Peg Control
Relied on outside traders.
Outside traders and in-house bot trades to keep USDL near $1.
Tighter peg variance.
Governance & Rewards
Issuance and redemption fee share.
Stake RWAL to vote and earn issuance, redemption and performance fees.
Community shares in growth and governance.
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