• 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

Poland Revives Cryptocurrency Regulation

chest

Poland's parliament has passed comprehensive crypto industry legislation after an earlier rejection.

user avatarMaya Lundqvist

Chase DeMoors Triumphs Over Andrew Tate at Misfits Boxing Event

chest

Chase DeMoors has emerged victorious against Andrew Tate at the Misfits Boxing main event held in Dubai.

user avatarZainab Kamara

Traders Utilize Automated Strategies on Polymarket for Consistent Income

chest

A group of technically sophisticated traders is generating consistent income on Polymarket using automated and algorithmic strategies.

user avatarTando Nkube

Aster Coin Faces Challenges Despite Positive Developments

chest

Aster Coin has struggled to maintain momentum after losing key support levels, but recent protocol updates may signal potential recovery.

user avatarAyman Ben Youssef

HYPE Coin Emerges as Top Performer in Cryptocurrency Market

chest

HYPE Coin has seen remarkable growth, becoming a leading altcoin with significant user engagement and trading volume.

user avatarSon Min-ho

Understanding APY in Crypto Investments

chest

The article explains the significance of Annual Percentage Yield (APY) in crypto, highlighting the differences between traditional savings and crypto yields.

user avatarKofi Adjeman

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.