[
  {
    "question": "What backs iUSD?",
    "answer": {
      "nodeType": "document",
      "data": {},
      "content": [
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "iUSD is backed 1:1 by ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " from Agora, a regulated digital finance infrastructure provider. According to Agora’s disclosures, ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " reserves include traditional currency, and cash equivalents (such as short-term U.S. Treasury securities and overnight reverse repurchase agreements), and other U.S. Dollar-denominated assets, which may include regulated stablecoins (such as USDC) and tokenized fixed income products.",
              "marks": [],
              "data": {}
            }
          ]
        },
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " reserves are monitored via Chaos Proof of Reserves (by Chaos Labs), enabling verification of reserve coverage.",
              "marks": [],
              "data": {}
            }
          ]
        }
      ]
    }
  },
  {
    "question": "Where does the yield go?",
    "answer": {
      "nodeType": "document",
      "data": {},
      "content": [
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "Reserve-related revenue associated with backing assets may be used to support the Initia ecosystem through incentives, ecosystem development, grants, and other programs.",
              "marks": [],
              "data": {}
            }
          ]
        },
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "iUSD does not accrue interest. Simply holding iUSD does not entitle you to any reserve yield or other returns.",
              "marks": [],
              "data": {}
            }
          ]
        }
      ]
    }
  },
  {
    "question": "Who manages the iUSD supply?",
    "answer": {
      "nodeType": "document",
      "data": {},
      "content": [
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "iUSD supply is managed by smart contracts. It expands when users deposit and contracts when they withdraw. The protocol's 1 iUSD : 1 ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " convertibility is designed to be maintained through its minting and burning mechanics. Secondary market prices on the Initia DEX may vary based on market conditions.",
              "marks": [],
              "data": {}
            }
          ]
        },
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "Note: Agora, the issuer of the underlying ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": ", retains administrative controls including the ability to freeze addresses and associated ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " per their Terms of Use.",
              "marks": [],
              "data": {}
            }
          ]
        }
      ]
    }
  },
  {
    "question": "Is iUSD safe?",
    "answer": {
      "nodeType": "document",
      "data": {},
      "content": [
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "iUSD is backed 1:1 by ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " from Agora, a regulated stablecoin issuer. Bridging infrastructure is provided by LayerZero. iUSD is designed to be minted and burned 1:1 against ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " through the protocol’s smart contracts, with no fractional reserve.",
              "marks": [],
              "data": {}
            }
          ]
        },
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "As with any on-chain asset, iUSD carries technical and market risks, and may not always trade at exactly $1.",
              "marks": [],
              "data": {}
            }
          ]
        }
      ]
    }
  },
  {
    "question": "How do I convert iUSD back to USDC?",
    "answer": {
      "nodeType": "document",
      "data": {},
      "content": [
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "Use the Bridge to withdraw. Your iUSD is converted to ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": ", bridged via LayerZero to Ethereum, and swapped to USDC. You can also swap iUSD for USDC on the Initia DEX.",
              "marks": [],
              "data": {}
            }
          ]
        }
      ]
    }
  },
  {
    "question": "How do I get iUSD?",
    "answer": {
      "nodeType": "document",
      "data": {},
      "content": [
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "Deposit USDC through the Initia Bridge. Your USDC is swapped to ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " on Ethereum, then bridged via LayerZero and minted as iUSD at a 1:1 ratio with ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": ". The process requires a single user signature.",
              "marks": [],
              "data": {}
            }
          ]
        }
      ]
    }
  },
  {
    "question": "How is iUSD different from USDC?",
    "answer": {
      "nodeType": "document",
      "data": {},
      "content": [
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "USDC is a general-purpose stablecoin issued on multiple chains. iUSD is natively integrated into the Initia ecosystem, enabling seamless use across Initia rollups without additional bridging or wrapping. iUSD is backed 1:1 by ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " from Agora and can be minted and redeemed directly through the protocol's smart contracts.",
              "marks": [],
              "data": {}
            }
          ]
        }
      ]
    }
  },
  {
    "question": "What is iUSD?",
    "answer": {
      "nodeType": "document",
      "data": {},
      "content": [
        {
          "nodeType": "paragraph",
          "data": {},
          "content": [
            {
              "nodeType": "text",
              "value": "iUSD is Initia’s native stablecoin, designed to be the primary medium of exchange across the Initia ecosystem. It is backed 1:1 by ",
              "marks": [],
              "data": {}
            },
            {
              "nodeType": "hyperlink",
              "data": {
                "uri": "https://www.agora.finance/"
              },
              "content": [
                {
                  "nodeType": "text",
                  "value": "AUSD",
                  "marks": [],
                  "data": {}
                }
              ]
            },
            {
              "nodeType": "text",
              "value": " from Agora, a regulated fiat-backed stablecoin.",
              "marks": [],
              "data": {}
            }
          ]
        }
      ]
    }
  }
]