Frequently

AskedQuestions

Steady operates through a European structure with entities based in Germany and Switzerland.

The token is issued through a German entity, aligning with European regulatory frameworks, while the broader group benefits from Swiss standards in banking, operations, and risk management. This setup is designed to support a compliance-focused approach while maintaining high standards of operational oversight.

Users can access additional information about the system, including key metrics and disclosures, through the Transparency Dashboard.

Steady is structured as a financial instrument under European Union law and falls under the MiFID II regulatory framework. As a result, it does not fall within the scope of MiCA regulation, which explicitly excludes financial instruments governed by MiFID II.

Steady operates within a compliance-focused structure and is subject to applicable European regulatory requirements, including prospectus obligations prior to any public offering.

Access to the product and its availability are subject to jurisdictional restrictions and regulatory conditions.

No. Steady is not structured as an investment fund or collective investment scheme. Holding the token does not grant ownership rights over the company or direct rights to underlying assets.

Steady is not e-money. It is structured as a financial instrument under MiFID II.

No. Steady does not operate in the United States and does not serve US users.

A yield-bearing stablecoin is a digital asset designed to maintain a stable value (typically pegged to a fiat currency like the US dollar) while also distributing yield to holders.

Unlike traditional stablecoins such as USDC or USDT, which focus only on price stability, yield-bearing stablecoins aim to offer stability while making idle capital productive. They do this by generating returns from underlying reserves and passing that value to token holders. Traditional stablecoins also use the underlying to generate value, they simply do not pass this value to its token holders.

While Steady does not do yield payments, our users experience growth and benefit from the yield generated by our underlying assets (T-Bills). Because of the rebase mechanism directly built into the token itself, the amount of Steady in your wallet grows automatically, tracking the performance of our underlying. T-Bills have historically offered an average APY of 3-5%, so you can expect similar performance with Steady. There are no transactions, no payments… everything is automatic, the Steady in your wallet simply grows.

Returns are not fixed and depend on the performance of underlying assets, such as short-term US Treasury bills, known for its predictability and low-risk profile, making them the perfect backbone for a stablecoin. If you want to learn more about Steady's current APY you can check out live data in our Transparency Portal.

A rebasing token automatically adjusts its supply to distribute value.

In Steady's case, as our underlying generates yield, the total supply increases and each holder's balance grows proportionally to reflect this performance. Compared to systems that require manual claims, this approach removes friction and simplifies the user experience.

This means that Steady's holders can benefit from the performance of our underlying automatically, without the need of a transaction, user action or complex distribution mechanisms. It's a function embedded directly in the token itself.

A rebasing token is a type of digital asset that automatically adjusts its total supply to distribute value to holders. A rebasing token increases (or decreases) the number of tokens in each wallet proportionally. This means users see their balance change over time without needing to take any action.

In the case of Steady, instead of sending payments like traditional financial systems, as the reserve assets (T-Bills) generate yield for Steady, the protocol increases the total supply of tokens to reflect this performance. As our reserves grow, each holder receives a proportional increase in their balance based on the performance of our underlying. This means that every single block you can watch Steady steadily grow in your wallet.

Compared to staking or reward-based systems, rebasing removes the need to claim rewards, manage positions, or interact with smart contracts. The process is automatic and continuous, making it a more passive way to receive yield.

Most stablecoins don't generate any return on their own. They're designed for stability, not growth. To earn yield on them, you typically need to take additional steps and actively manage your position.

The most common approach is staking, but some protocols allow you to simply claim yield periodically without locking your tokens. It's a step in the right direction, but it still requires you to actively manage and remember to claim… putting the work back on you.

Beyond that, DeFi opens up a range of strategies: yield farming, providing liquidity to pools, or lending your stablecoins through decentralized protocols. These can generate meaningful returns without staking, but they come with their own trade-offs such as additional smart contract risk, impermanent loss, and the need for constant active management.

So in short, yes, you can earn yield on a stablecoin without staking… but how easy, safe, and passive that experience is depends entirely on the specific project and approach.

Steady takes a fundamentally different approach. Rather than making yield payments or requiring any action from you, the growth is directly embedded into the token itself. Through a rebase mechanism, your Steady position automatically grows in your wallet to reflect the performance of our underlying assets (US Treasury Bills). No staking, no claiming, no locking. Nothing.

This growth comes from tracking the performance of our underlying. US T-Bills have historically provided an average return of 3-5% APY, and you can expect something similar with Steady, though actual performance will vary with market conditions.

If you want to learn more about Steady's APY, you can check our Transparency Dashboard for live data.

A treasury-backed stablecoin is a digital asset supported by reserves allocated into government-issued debt instruments, such as US Treasury bills. These instruments are widely used in traditional finance due to their high liquidity and historically low risk profile. By using them as underlying reserves, treasury-backed stablecoins aim to provide a stable foundation while also generating yield. This yield is usually just hoarded by the stablecoin issuer.

Steady allocates its reserves primarily into short-term US Treasury bills. The yield generated from these assets is then reflected as an increase in the token supply through its rebasing mechanism, which all users benefit from.

Compared to algorithmic stablecoins, which rely on supply and demand dynamics, treasury-backed models are based on underlying financial assets. However, returns are not guaranteed and may vary over time.

Yield-bearing stablecoins are designed to combine price stability with yield generation, but as any other stablecoin or financial product, they are not entirely risk-free.

The level of risk depends largely on how the underlying yield is generated. Some models pursue higher yields through more complex or aggressive strategies, which can introduce additional layers of risk, including exposure to volatile assets, leverage, or dependency on external protocols.

Steady is designed around low-risk, high-liquidity underlying assets such as short-term US Treasury bills and bank deposits. This approach prioritizes stability and predictability over maximizing growth. Compared to higher-yield strategies, this typically results in more moderate returns, but with a focus on maintaining stability through a more conservative risk profile.

However, all financial systems involve some level of risk, including market, operational, and regulatory factors. Returns are never guaranteed and may vary depending on conditions.

Traditional stablecoins such as USDC or USDT aim to simply maintain a stable value. They use the user provided funds to generate profits through different assets and strategies, but neither of them provide any sort of benefit to their users. Some stablecoins offer a separate yield-focused product through different mechanisms such as staking, claiming, locking funds, buying a different token, etc.

In the case of Steady, our focus lies in providing a simple experience. We have clear, transparent and reliable reserves that generate predictable growth, which is then reflected on every single user's position through the rebase mechanism by sharing up to 95% of the performance generated by our underlying assets.

Instead of needing separate yield products, users can hold a single asset that integrates both functions.

Many stablecoin issuers generate yield from reserves but retain it as part of their business model, making full use of their users' money for their benefit.

Steady takes a different approach, from whatever is generated by our underlying assets (T-Bills), we aim to share as much as we can after covering our operating costs (hey, we have to pay our bills too). Our goal is to share 95% of whatever is generated by our underlying assets, which is then automatically reflected on your STDY positions through the rebase mechanism. We strongly believe that if it's your money, it should work for you, not us.

If you want to learn about the current APY of Steady or how much of the yield generated by our underlying is getting rebased to our users, check our Transparency Dashboard.

Most stablecoins do one thing: hold their peg. They're designed to mirror the value of the US dollar and stay there. They are useful for transactions and as a safety net, but are ultimately a passive, idle asset. Some have tried to solve this by adding yield mechanics, but these typically come with trade-offs: staking requirements, lock-up periods, opacity around reserves, or compliance grey areas that create long-term risk for holders.

Steady was built to solve all of this at once. With Steady you get stability, automatic growth backed by T-Bills performance, full transparency, and a European-based institutional stablecoin focused on compliance.

In short: most stablecoins make you choose between safety, growth, transparency, and compliance. Steady doesn't ask you to compromise.

Steady is designed to function as a standard token and can be integrated into DeFi ecosystems, depending on platform support. This allows users to participate in broader crypto applications while still receiving native yield.

No. The system is designed to be passive. Compared to active trading or yield farming strategies, Steady requires no ongoing management once acquired.

Steady provides a Transparency Dashboard where users can access key metrics such as supply, reserves, and yield performance.

Visit the Transparency Dashboard

Transparency is a core design principle. Users can independently verify key data points through the dashboard, allowing for greater visibility compared to systems where reserve data is limited or delayed.

Data availability depends on the metric and reporting process. Users should refer to the Transparency Dashboard for the most current information.