• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Usual Protocol Implements Key Changes for Stability

user avatar

by Giorgi Kostiuk

a year ago

Usual Protocol has introduced changes to its mechanism to boost trust and increase sustainability.

USD0 Peg Issues

Recently, the USD0 stablecoin lost its peg to the US dollar, causing concerns among Usual Protocol's users.

1:1 Early Payout Option

Starting next week, Usual Protocol will offer a 1:1 early payout option. This feature allows users to forfeit a portion of their accumulated rewards and use their assets at a 1:1 ratio. The maximum payback period is six months, addressing liquidity concerns.

Weekly Revenue Distribution

The protocol has decided to activate its revenue distribution mechanism earlier than planned. Starting Monday, Usual will distribute revenues to USUALx holders weekly, in USD0. Monthly revenues are expected to be around $5 million, corresponding to an APR of over 50% in current conditions.

To address concerns and ensure the sustainability of the protocol, the activation of the revenue switch will be brought forward. Starting Monday, Usual will begin distributing revenues to USUALx holders in USD0 on a weekly basis, with monthly revenues anticipated to be approximately $5 million.

These changes are aimed at enhancing trust in the Usual Protocol and supporting its future sustainability.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Alex Krger Examines Current Oil Disruption and Market Implications

chest

Alex Krger analyzes the current oil disruption, suggesting it may be temporary and not lead to long-term market shifts, while focusing on geopolitical tensions in the Strait of Hormuz.

user avatarTenzin Dorje

Dima Potts Predicts Dogecoin Price Surge to $10

chest

Market analyst Dima Potts predicts a significant rally for Dogecoin, potentially reaching $10.

user avatarLi Weicheng

Bitcoin Emerges as Top Monetary Choice Among AI Models in BPI Study

chest

A recent study by the Bitcoin Policy Institute shows Bitcoin as the leading monetary choice among AI models, highlighting its dominance in long-term purchasing power.

user avatarLeo van der Veen

Alex Krger Disputes Bitcoin's Similarity to 2022 Market Shock

chest

Renowned macro analyst Alex Krger disputes the comparison of current market conditions to the 2022 Russia-Ukraine invasion, emphasizing significant differences in macroeconomic factors and suggesting that recent geopolitical tensions may lead to temporary disruptions.

user avatarAisha Farooq

SEC Settles Fraud Case Against Tron Founder Justin Sun

chest

The US SEC has settled its civil fraud case against Justin Sun, founder of Tron TRX, with a $10 million penalty and dismissal of claims against him and related entities.

user avatarBayarjavkhlan Ganbaatar

Military Conflict Between Israel and Iran Escalates

chest

A military conflict has erupted between Israel and Iran, resulting in significant casualties and missile strikes.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.