Pi Protocol FAQ
Here are clear answers to common user questions about Pi Protocol:
Q: What is Pi Protocol?
Answer: Pi is a decentralized platform that lets you mint stablecoins (USP and USI) backed by real-world yield-generating assets. It provides passive yield, decentralization, and security — without staking or lockups.
Q: What is the difference between USP and USI?
Answer:
USP (Universal Stable Pi): USD-pegged stablecoin for payments, savings, or trading
USI (Universal Stable Interest): A yield-accruing version of USP — it grows over time in your wallet, like interest-bearing money
Q: How can I mint USP or USI?
Answer:
- Visit: https://test.piprotocol.com
- Connect your MetaMask wallet
- Switch to Sepolia Testnet
- Enter the Access Code (for early testers only)
- Fund your wallet with Sepolia ETH
- Choose your input asset, and mint USP or USI instantly
Q: Do I have to stake my USI to earn yield?
Answer: No. Just hold USI in your wallet — the yield accrues automatically over time. No staking, farming, or extra steps needed.
Q: What gives Pi stablecoins their value?
Answer: They are backed by tokenized real-world assets like U.S. treasury bills and fixed-income investments. The backing is publicly auditable, and yield from these assets funds the USI growth.
Q: Which wallets are supported?
Answer: Currently, MetaMask is supported. Ensure you’re on the Sepolia Testnet during testing. Support for more wallets will be added after mainnet launch.
Q: Is Pi Protocol safe to use?
Answer: Yes. The protocol is open-source and contracts will be audited before mainnet. There is no central authority — users always retain control of their funds.
Q: Can I redeem my Pi stablecoins back to ETH or another crypto?
Answer: Yes. You can redeem USP/USI back to supported assets anytime, directly through the app — no intermediaries, no delays.