# Liquidity Pool Contracts

For users who prefer **not to complete KYC/KYB**, USP can be accessed via **secondary market liquidity pools** on supported platforms.\
Our secondary market options continue to expand, ensuring broader access, deeper liquidity, and reliable price discovery. Currently, USP is available on **Uniswap** and **Pendle**, serving different user preferences and strategies. Uniswap – USP Secondary Market Liquidity

### [Uniswap](https://app.uniswap.org/explore/pools/ethereum/0x5c6165e63581876edc7413bbc18e53b733f86dda709b1e9acf171fa15b0fa7a4)

We maintain a high-liquidity USP pool on Uniswap, providing efficient secondary-market access and straightforward swaps.

{% embed url="<https://app.uniswap.org/explore/pools/ethereum/0x5c6165e63581876edc7413bbc18e53b733f86dda709b1e9acf171fa15b0fa7a4>" %}

> Uniswap pools offer the simplest entry point for users who want exposure to USP without interacting with yield separation mechanics.

### [Morpho Alpha USDC Forex V2](https://app.morpho.org/ethereum/vault/0x153Bd1abE60104Bd46aa05a27fA12D1346D64A57/alpha-usdc-forex-v2#overview)

Alpha USDC Forex allocates USDC into overcollateralized on-chain credit markets with a core focus on foreign exchangerelated strategies. Exposure is primarily directed toward institutional FX liquidity cross-currency funding and market-neutral currency arbitrage structures operating within defined risk and liquidity constraints. The mandate emphasizes disciplined leverage structured collateral frameworks and transparent on-chain execution.

<table data-header-hidden><thead><tr><th width="208.30078125"></th><th width="520.57421875"></th></tr></thead><tbody><tr><td><strong>Morpho Alpha USDC Forex V2 Vault Address</strong> </td><td>0x153Bd1abE60104Bd46aa05a27fA12D1346D64A57</td></tr></tbody></table>

### [Morpho USP/USDC market](https://app.morpho.org/ethereum/market/0x5d41b8d23ccf6d9e9f7e2b1b357d92bba6ef0367d6ef8ceda965f73e52108461/usp-usdc#overview)

The **USP/USDC market on Morpho** enables users to supply USP as collateral and borrow USDC against it. This market creates opportunities for capital-efficient strategies such as **USP looping**, where users recursively mint USP, supply it as collateral, borrow USDC, and mint additional USP.

By repeating this process, users can increase their effective exposure to the native yield generated by USP while using the Morpho lending market to efficiently manage collateral and borrowing positions.

<table data-header-hidden><thead><tr><th width="208.30078125"></th><th width="520.57421875"></th></tr></thead><tbody><tr><td><strong>USP/USDC Market ID</strong> </td><td>0x5d41b8d23ccf6d9e9f7e2b1b357d92bba6ef0367d6ef8ceda965f73e52108461</td></tr></tbody></table>

### [Pendle – USP Liquidity & Yield Markets (Ethereum)](https://app.pendle.finance/trade/markets/0x6354b7dd06050da44a21d680436838a08e7dcec4/swap?view=pt\&chain=ethereum)

Pendle enables advanced yield strategies by separating USP into **principal** and **yield** components, while still providing liquid secondary markets.

This allows users to choose between:

* Fixed-like exposure (PT)
* Pure yield exposure (YT)
* Liquidity provision (LP)

<table data-header-hidden><thead><tr><th width="82.8828125"></th><th width="520.57421875"></th></tr></thead><tbody><tr><td><strong>Token</strong></td><td><strong>Address</strong></td></tr><tr><td>LP</td><td><a href="https://etherscan.io/address/0x6354b7dd06050da44a21d680436838a08e7dcec4#readContract"><code>0x6354b7dd06050da44a21d680436838a08e7dcec4</code></a></td></tr><tr><td>SY</td><td><a href="https://etherscan.io/address/0xf5145335540c4116956c0936b7db08d1a862a2d9"><code>0xf5145335540c4116956c0936b7db08d1a862a2d9</code></a></td></tr><tr><td>PT</td><td><a href="https://etherscan.io/address/0x6354b7dd06050da44a21d680436838a08e7dcec4#readContract"><code>0x3ffaa9ce7cfa5688277b97bf6a8c22249404d129</code></a></td></tr><tr><td>YT</td><td><a href="https://etherscan.io/address/0xacd577ccc29e88a2b7aaa15026533abd91fdd6be"><code>0xacd577ccc29e88a2b7aaa15026533abd91fdd6be</code></a></td></tr></tbody></table>

#### 🔹 Market (LP) Address

\
The main Pendle market contract for USP.\
Users can:

* Provide liquidity
* Swap between USP, PT, and YT
* Access secondary market liquidity without minting or redeeming USP

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#### 🔹 SY (Standardized Yield) Address

\
The SY contract wraps yield-bearing USP into Pendle’s standardized format.\
It serves as the base asset from which PT and YT are created.

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#### 🔹 PT (Principal Token) Address

\
PT represents the principal value of USP at maturity.\
Holding PT means exposure to principal only, without future yield variability.

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#### 🔹 YT (Yield Token) Address

\
YT represents the yield generated by USP until maturity.\
Its value depends on expected future yield and is used for yield-focused strategies.