Web 3 Dollar
USD3
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
USD3 (Web 3 Dollar) is an RToken deployed permissionlessly on Ethereum via the Reserve Protocol, designed as a yield-bearing, collateral-backed asset. While its on-chain mechanics feature 100% collateral backing via Reserve's architecture with blended yields, the token suffers from severe practical limitations. Community engagement is virtually nonexistent (0.5/10), with only 140 holders and no distinct social channels. Market adoption is critically weak (2.5/10), evidenced by a low market capitalization ($1.7M–$4.9M), negligible daily trading volume, and persistent peg deviation (trading ~10% above peg). Governance rests entirely with external RSR stakers, while the underlying human team remains completely anonymous (4.0/10). A significant data gap exists in Security and Audit History (-1.0), as no token-specific audit reports, exploit records, or official disclosures could be retrieved from available sources. With the security section excluded and weights redistributed, the weighted score reflects high structural and market risks.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Web 3 Dollar (USD3)
Web 3 Dollar (USD3) is a yield-bearing, asset-backed RToken deployed on the Ethereum blockchain via the Reserve Protocol, with an additional deployment on Base. It is designed to function with a 100% collateralized backing model featuring a basket of collateral assets—including allocations such as Morpho Steakhouse USDC—to generate a blended yield. The token features elastic supply mechanics and operates without vesting schedules for its holders.
Governance of USD3 utilizes the Reserve Protocol's on-chain framework, where protocol parameters and collateral allocations are managed by Reserve Rights (RSR) stakers rather than directly by USD3 holders. The human creators and developers behind USD3 are entirely anonymous with unverified credentials, and the project lacks open, public community voting platforms or dedicated DAO discussion forums.
USD3 exhibits low market adoption and structural risks. The token has a small holder base of approximately 140 addresses, near-zero daily trading volume, and a market capitalization between $1.7 million and $4.9 million. It also experiences a persistent peg deviation, trading at an approximate 10% premium above its nominal $1.00 target at around $1.097. Furthermore, there are no independently verifiable, token-specific audit reports or external security ratings available for the deployment.