Usual Protocol Implements Key Changes for Stability

by Giorgi Kostiuk

10 months 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

Internet Computer ICP Records 206% Surge

Internet Computer ICP has seen a significant price increase of 206% in just one week, breaking through key resistance levels.

Aisha Farooq5 minutes ago

GeeFi Launches to Bridge Usability Gap in Crypto Spending

GeeFi aims to simplify the process of spending digital assets with a non-custodial wallet and a universal card.

Li Weicheng5 minutes ago

Avalanche and Zero Knowledge Proof ZKP: A Comparison of Two Crypto Innovations

Avalanche and Zero Knowledge Proof ZKP represent two distinct approaches in the evolving crypto landscape, focusing on speed and privacy respectively.