• 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

OCC Approves BitGo and Fidelity for National Trust Bank Conversion

chest

The US Office of the Comptroller of the Currency has conditionally approved BitGo Trust Company and Fidelity Digital Assets for conversion to national trust banks, enhancing compliance and oversight in the digital asset sector.

user avatarSon Min-ho

Ongoing Bitcoin Acquisitions Safeguard MicroStrategy's Market Position

chest

MicroStrategy's ongoing Bitcoin acquisitions aim to mitigate risks and strengthen its market position amid anticipated spot ETF approvals.

user avatarAyman Ben Youssef

Kevin Warsh's Nomination Odds for Fed Chairman Rise Sharply

chest

Kevin Warsh's nomination odds for Federal Reserve Chairman have risen significantly, reflecting growing interest in his leadership amid economic circumstances.

user avatarTando Nkube

Bonk Shows High Volatility Amid Market Activity

chest

Bonk has experienced significant price fluctuations, drawing interest from young traders.

user avatarKofi Adjeman

Investment Expert Says XRP Could Reach $10,000, Here's Why

chest

Market commentator Armando Pantoja suggests that XRP's price could soar to $10,000 due to future technological shifts driven by AI.

user avatarNguyen Van Long

Venezuelan Stablecoin Adoption Seen as Model for Economically Challenged Nations

chest

Venezuelan citizens are increasingly using digital currencies like USDT for transactions, substituting traditional banking systems as inflation persists.

user avatarSatoshi Nakamura

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.