1. Basic Information

• Name: USStocks Token

• Type: ERC-20 Standard Token

• Issuer: UMA Protocol Team (Please note, this information is based on an assumption; not all tokens called USSTOCKS are necessarily associated with this team)

• Underlying Asset: US S&P 500 Index, an index of stocks of 500 large-cap US companies

• Trading Platforms: Exclusively launched on the decentralized exchange DDEX, but may be listed on other platforms as well

2. Project Background and Features

Project Background:

The UMA Protocol team aims to eliminate barriers in traditional financial markets, enabling wider participation in US stock investments. By issuing the USStocks token, they provide a blockchain-based, indirect investment channel into the US stock market.

Features:

• S&P 500 Index Tracking: USStocks tokens are pegged to the S&P 500 index, reflecting the overall performance of the US stock market.

• Decentralized Trading: Listed on decentralized exchanges like DDEX, leveraging the decentralized nature of blockchain technology to enhance transaction transparency and security.

• Over-collateralization: Over-collateralized on MakerDAO, ensuring users can access liquid assets equivalent to the S&P 500 at any time.

• Data Synchronization: Using an Application Programming Interface (API) from data distributor AlphaVantage, the S&P 500 data is synchronized to smart contracts, guaranteeing that the token price aligns with the US stock market.

• Smart Contracts: Employing smart contracts to automate transaction execution and enforce conditions, increasing transaction efficiency and security.