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Manifest Overview ​

Combining the global reach of crypto with the stability of real estate.

DANGER

Stay safe: Make sure you are interacting only with the official Manifest contracts for USH, sUSH, and USA tokens. See Key Addresses for the official contract addresses.

Manifest is a DeFi protocol that opens U.S. residential real estate — the largest asset class in America — to global capital, in crypto and beyond.

In traditional markets, investing in American housing has been a reliable way to preserve and build wealth over decades. Despite its advantages, it is an asset class that is slow, costly, and inaccessible to many. Manifest changes that by turning U.S. home equity into a liquid, permissionless token: real estate made composable across DeFi and accessible to investors anywhere.

Unlike earlier real estate tokens that fractionalized individual properties, Manifest holds Home Equity Investments (HEIs), offering exposure to U.S. housing without the burdens of ownership: liquid, transparent, and yield-bearing when staked. Why Manifest is Different expands on the distinctions.

USH: The U.S. Housing token ​

USH (short for U.S. Housing) is Manifest's flagship token: a permissionless ERC-20 backed by a diversified portfolio of residential home equity. Each token targets $1 of underlying value. USH is not a stablecoin: its price floats around that $1 NAV target rather than being fixed to it. As the portfolio grows, Manifest mints new USH against that growth.

Why hold USH? ​

USH itself pays no yield; the portfolio's returns flow to stakers. Holders choose USH for:

  • Points: The upcoming Manifest Points program will reward holding USH
  • Composability: USH is a permissionless ERC-20 built for DeFi — provide DEX liquidity, or put it to work wherever the ecosystem integrates it
  • Staking: Convert to sUSH at any time to capture the portfolio's returns

Earning yield with sUSH ​

sUSH is the reward-accruing version of USH. Staking mints sUSH, which captures the growth generated by the underlying HEI portfolio. HEIs are structured so that each invested dollar controls roughly two dollars of home value, which is why the portfolio's returns typically outpace home prices themselves.

Getting started ​

Ready to add U.S. real estate to your portfolio?

  1. Buy USH: Get exposure to U.S. housing in seconds
  2. Stake for sUSH: Capture the portfolio's yield

Community ​