Usual Protocol Implements Key Changes for Stability

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

South Africa Proposes New Crypto Regulations

South Africa has released new draft regulatory proposals that could significantly change how residents interact with certain wealth holdings, including cryptocurrencies.

Aisha Farooq30 minutes ago

FOMC Meeting Scheduled for April 29, 2026, May Impact Crypto Market

The Federal Open Market Committee (FOMC) is scheduled to meet on April 29, 2026, to review economic conditions and announce any changes to interest rates, which may impact the crypto market.

Li Weicheng30 minutes ago

Coinbase's Faryad Shirzad Critiques BPI's AML Report

Coinbase's Chief Policy Officer, Faryad Shirzad, critiques the Bank Policy Institute's AML report, arguing it misrepresents illicit crypto activity as a small percentage of total on-chain volume.

Tenzin Dorje3 hours ago

BPI Advocates for Stricter AML Regulations for Cryptocurrencies

The Bank Policy Institute (BPI) calls for stricter anti-money laundering (AML) regulations for cryptocurrencies in the US, highlighting their use in illicit activities and urging Congress to address legal imbalances.