What is obUSD?

Optimistic Builder Dollar is the name, obUSD is the token ticker.

Optimistic Builder Dollar (obUSD) is a yield-sharing stablecoin that leverages decentralized finance (DeFi) to proactively fund projects that have been approved by the Optimism Grant Council. It complements Optimism's retroactive funding by ensuring builders receive real-time financial support during their build journey.

Yield-sharing stablecoin - A yield-bearing stablecoin that distributes their yield not to the minter but to other people, organizations, or initiatives in need of funding.