> For the complete documentation index, see [llms.txt](https://setora-labs.gitbook.io/setora-labs-or-synthetic-dollar-using-solana/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://setora-labs.gitbook.io/setora-labs-or-synthetic-dollar-using-solana/overview/welcome-to-setora-labs.md).

# Welcome to Setora Labs

## What is Setora Labs?

<figure><img src="/files/vmdccshIAuEvAuBkSIGT" alt=""><figcaption></figcaption></figure>

**Setoral Labs** is a Solana-based synthetic dollar protocol offering a crypto-native alternative to traditional stablecoins. Our aim is to create stablecoins that are superior to traditional stablecoins in terms of scalability, stability, and censorship resistance.&#x20;

Setora Labs' stablecoins--**USS and enhancedUSS (eUSS)**--employ a delta-neutral strategy of staking JitoSOL and hedging with SOL spot and perpetual dexes respectively. This allows **USS and eUSS** to keep their value stable regardless of the underlying asset's market direction while earning **attractive yield** for users:

* **USS** earns enhanced yield by staking JitoSOL, receiving both staking yield and MEV rewards from the platform.
* **eUSS** earns superior yield by combining yield derived from staking assets (USS's basic yield) and the funding & basis spread from perpetual markets. eUSS' yield *exceeds* that of lending protocols in the space while having lower volatility.

{% hint style="info" %}
Because USS and yUSS are backed by delta-neutral hedging position, its risk is inherently different from traditional fiat stablecoins such as USDC or USDT. Please refer to the [Risk](/setora-labs-or-synthetic-dollar-using-solana/risk-management/risks.md) section for more information.
{% endhint %}

## Our Vision

Our vision is to create an efficient stablecoin ecosystem that serves as a beacon of stability and reliability in an increasingly volatile digital economy. We envision a future where individuals and businesses, regardless of their location in the world, can get access to a stable and reliable medium of exchange, unit of account, and storage of value.

## Contact Us

Website: [https://www.setoralabs.com ](https://setoralabs.com/)

Twitter: <https://twitter.com/SetoraLabs>

Discord: <https://discord.gg/GMKaUH94wz>&#x20;