• 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

Bank of America Exceeds Earnings Expectations

chest

Bank of America reported a 0.98 EPS, surpassing forecasts, with significant growth in investment management and consumer banking.

user avatarTando Nkube

WLFI Forms Perfect Cup and Handle Pattern with 50% Rally Target Ahead

chest

WLFI has completed a cup and handle chart pattern, suggesting a potential price rally ahead.

user avatarAisha Farooq

New Smart Cashtag Feature Announced

chest

Nikita Bier announced a new Smart Cashtag feature that will enhance user interaction with financial assets on the X platform.

user avatarLi Weicheng

Michael Selig Takes Charge of CFTC Amidst Legal and Regulatory Challenges

chest

Michael Selig has officially taken over as the chair of the Commodity Futures Trading Commission (CFTC), stepping into a role fraught with legal battles and regulatory uncertainties, particularly in the realm of prediction markets and sports betting.

user avatarBayarjavkhlan Ganbaatar

CFTC's Internal Challenges: Staffing and Operational Issues

chest

Michael Selig faces significant internal challenges at the CFTC, including staffing shortages and operational inefficiencies following the departure of senior officials.

user avatarTenzin Dorje

Market Analysts Assess Early Session Data

chest

Market analysts are analyzing early session data to understand the drivers behind the positive opening, providing actionable insights for investors regarding sector rotation and market trends.

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.