• 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

Chen Zhi Extradited to China as Fraud Allegations Mount

chest

Chen Zhi, the founder of Prince Bank, has been extradited to China after his arrest in Phnom Penh due to serious allegations of large-scale online fraud.

user avatarMaria Gutierrez

Cambodia's Central Bank Takes Action Against Prince Bank Amid Fraud Allegations

chest

The National Bank of Cambodia has suspended all operations at Prince Bank Plc and ordered its liquidation following the arrest of its founder, Chen Zhi, in an international fraud case.

user avatarJacob Williams

JPMorgan Expands JPM Coin to Public Blockchain Infrastructure

chest

JPMorgan is set to expand its blockchain payment infrastructure by taking its JPM Coin deposit token to various blockchain networks, starting with the Canton Network.

user avatarDavid Robinson

9 Countries Show Support for BRICS Currency Ahead of Launch

chest

Nine countries from the ASEAN alliance have committed to using the BRICS currency upon its launch, signaling a shift in global financial dynamics.

user avatarZainab Kamara

Whale Activity Declines as Market Stabilizes

chest

Whale activity in XRP has been declining since mid-December, indicating a potential shift in market dynamics.

user avatarSon Min-ho

New Blockchain Protocol Enables Cross-Organization Agent Economies

chest

A proposed blockchain protocol allows autonomous agents to interact and trust each other across organizations without prior relationships.

user avatarAyman Ben Youssef

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.