• 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

Expert Warns XRP Holders About Risks Following Kelp DAO Hack

chest

Market expert Iso Ledger warns XRP holders about the risks associated with wrapped assets following the Kelp DAO hack.

user avatarAisha Farooq

Prediction Markets Under Regulatory Scrutiny

chest

Prediction markets are currently facing significant regulatory challenges as states and federal authorities grapple with whether these platforms should be classified as gambling or regulated financial instruments.

user avatarTenzin Dorje

Intercontinental Exchange Expands Investment in Polymarket

chest

Intercontinental Exchange has deepened its investment in Polymarket, bringing its total commitment to $1.6 billion.

user avatarBayarjavkhlan Ganbaatar

Polymarket Seeks $400 Million Funding to Boost Valuation

chest

Polymarket is currently in discussions to raise $400 million at a valuation of around $15 billion.

user avatarMohamed Farouk

New Allegations Challenge Bitcoin's Decentralization Narrative

chest

New claims suggest that Israel has hijacked control of the Bitcoin network, challenging its decentralization narrative.

user avatarElias Mukuru

BitMine Reports Significant Losses Amid ETH Price Decline

chest

BitMine Immersion Technologies reported a net loss of $3.8 billion for the three-month period ending February 28, primarily due to unrealized losses on Ethereum holdings.

user avatarMaria Fernandez

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.