USDv is a synthetic dollar developed by Solomon Labs and operates on the Solana network. This token is designed to maintain a stable one-dollar peg while providing users with opportunities to earn yield. The USDv protocol employs a unique delta-hedging mechanism, utilizing spot positions such as SOL, ETH, or wrapped BTC, along with corresponding perpetual shorts. This approach creates a fully market-neutral collateral base, ensuring stability and reliability in its value. Users who stake USDv can earn sUSDv, benefiting from the yield generated by the protocol. This feature enhances the token's utility within the DeFi ecosystem, allowing for greater composability with other decentralized finance applications. All transactions and contracts related to USDv are conducted on-chain, ensuring transparency and security. The protocol has undergone an auditing process to enhance its reliability and trustworthiness for users. Overall, USDv aims to provide a stable and yield-generating asset for users within the dynamic DeFi landscape.