• 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

Mysterious Laurore Ltd Takes $436 Million Position in BlackRock's Bitcoin ETF

chest

A little-known offshore entity, Laurore Ltd, has disclosed a significant investment in BlackRock's Bitcoin ETF, raising questions about its origins and intentions.

user avatarMaria Fernandez

Ripple's Aggressive Acquisition Strategy to Connect Finance with Crypto

chest

Ripple has spent nearly $3 billion on acquisitions since 2023 to connect traditional finance with crypto infrastructure.

user avatarGustavo Mendoza

Historical Patterns of Vitalik Buterin's ETH Sales Resurface

chest

Lookonchain highlights historical patterns of Vitalik Buterin's ETH sales, noting that past sales often led to significant price drops for Ethereum, raising concerns among traders.

user avatarRajesh Kumar

Vitalik Buterin's Recent ETH Sales Trigger Market Concerns

chest

Ethereum has seen a decline as Vitalik Buterin sold 1,869 ETH, raising concerns about further price drops.

user avatarMiguel Rodriguez

ETH Denver Highlights Quantum Computing Threats to Bitcoin

chest

At ETH Denver, engineers and security researchers discussed the potential risks that quantum computers pose to Bitcoin, focusing on signature vulnerabilities and the need for proactive security measures.

user avatarLuis Flores

SBI Holdings Introduces Innovative Onchain Bond Linked to XRP

chest

SBI Holdings has launched an onchain bond to provide investors with direct exposure to XRP within Japan's regulated market.

user avatarArif Mukhtar

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.