Superstate Short Duration U.S. Government Securities Fund (USTB)
USTB #72Project Safety Score: 58%
Updated 5 minutes ago& Market
Credibility
Behavioral
Mechanics
Distribution
USTB is a fund that invests in short duration U.S. Treasury and U.S. Agency securities, aiming to align with the federal funds rate. It charges a management fee of 0.15% and allows U.S. Qualified Purchasers to subscribe and redeem using USDC at a daily net asset value (NAV) calculated by NAV Consulting. The fund employs an Ethereum-based Allowlist that facilitates on-chain ownership, transfer, and compliance.
Superstate acts as the Fund’s investment manager, with Federated Hermes as the sub-advisor. USTB is structured as a series of a Delaware Trust, which is legally distinct from Superstate. Investors have options for custody, including self-custody in preferred on-chain addresses or using established custodians such as Anchorage Digital Bank National Association or BitGo.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Team credibility score 59 out of 100. The project's team is anonymous, which decreases transparency and trust. Asset age is relatively strong at 3.3 years, and the whitepaper is rated highly, indicating good foundational documentation. However, there is only one audit firm associated with the project, which could raise concerns about its security. The deployer's address is documented, adding some level of accountability.
Social behavior score 54 out of 100. The project's social media presence on Twitter is verified, but audience data is limited, making it difficult to assess engagement levels. There are no significant allegations or negative press associated with the project, indicating a clean reputation. However, additional concerns have been raised during research, highlighting potential areas for caution.
Contract mechanics score 97 out of 100. The project's contract is fully verified and open-source, enhancing its credibility. There are no honeypot risks, and key safety features such as owner privileges checks and balance locks are in place. However, the contract utilizes a proxy pattern and lacks a defined supply cap, which can create potential inflation risks over time. Overall, the mechanics demonstrate a high level of robustness and security.
Holder distribution score 16 out of 100. The top 10 wallets hold a substantial 88.9% of the asset, indicating a high concentration of ownership that could lead to market manipulation. Additionally, 100% of the total supply is held by the top 50 wallets, which raises serious concerns regarding the asset's distribution. With only 78 total holders, this points towards very few participants in the ecosystem.
Investing in this asset carries inherent risks typical of the cryptocurrency market, including high ownership concentration and an anonymous team. These factors could lead to potential volatility and regulatory scrutiny. As with any investment in crypto, it's vital to conduct thorough research and consider the risks involved before proceeding.
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Ernst & Young LLP 2024-02-01 passAudit conducted by Ernst & Young LLP on February 1, 2024, with a passing outcome.
- ✓Full liquidity with 100% circulating supply
- ✓Partnership with reputable auditor Ernst & Young LLP
- ✓Positive press coverage from Nasdaq
- ✗Team is anonymous
- ✗No hard cap on total token supply
- ✗A single wallet holds over 10% of supply
- ✗Top 10 wallets hold more than 50% of supply
- ✗Very few unique holders
Price Chart
Contract Security
0x43415eb6ff9db7e26a15b704e7a3edce97d31c4eOn-Chain Facts
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0x1fcc47ee0f19ca0f0…17.57% -
0x8ea8909565fc7eafe…15.66% -
0x802e28e166c3f1998…11.87% -
0x4e58a2e433a739726…7.56% -
0xf144ea4c2ebce40bf…7.27% -
0x5fbaa3a3b48919933…6.35% -
0x569d7dccbf6923350…5.75% -
0x86abf04710b4e366a…5.58% -
0xa1b40f6b5c590de82…4.09% -
0x235adf84139701024…3.95%
View on Chain
Market Stats
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