• 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

FLOKI Stabilizes After Recent Volatility

chest

FLOKI is showing signs of stabilization, potentially positioning itself for a recovery.

user avatarElias Mukuru

SARB Issues Warning on Crypto and Stablecoins Risks

chest

The South African Reserve Bank (SARB) has issued a warning about the risks associated with crypto assets and stablecoins, highlighting concerns over their potential to circumvent financial regulations.

user avatarKenji Takahashi

South African Reserve Bank Focuses on Payment System Modernization Over CBDC

chest

The South African Reserve Bank prioritizes modernizing the payments system over the immediate need for a retail central bank digital currency (CBDC).

user avatarDiego Alvarez

Elliott Wave Analysis Suggests Continued Upside for Ethereum

chest

Market analysts predict continued upside for Ethereum based on Elliott Wave analysis, with targets set at $3,170 and $3,356.

user avatarMaria Fernandez

Implications of Switzerland's Crypto Tax Data Sharing Delay

chest

The recent delay in Switzerland's implementation of crypto tax data sharing until 2027 offers temporary relief for cryptocurrency investors, but it is crucial for them to prepare for future compliance.

user avatarGustavo Mendoza

Switzerland Delays Crypto Tax Data Sharing Until 2027

chest

Switzerland has announced a significant delay in the implementation of the OECD's CryptoAsset Reporting Framework (CARF) for crypto tax data sharing, now set for at least 2027.

user avatarRajesh Kumar

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.