#
๐ฌใgeneral
Join the general discussion about Usual. Exchange ideas, ask questions, and share your thoughts on the underlying technology, use cases, market trends, and more. No price talks here!Page 14 of 74
e0x
heyy. any news about usual claims for superform vaults?
What is revenue swith for USUALx holders? Is it additional USUAL for USUALx holders or how it works?
Mava (AI Support)
USUALx holders receive direct rewards in $USUAL. This is a revenue-based token backed by the protocol's revenue. As the Total Value Locked (TVL) and revenue grow, less $USUAL is minted for each X$ of revenue, providing growth exposure through a disinflationary mechanism.
Mava AI Betakirten
What is revenue swith for USUALx holders? Is it additional USUAL for USUALx holders or how it works?
Noรฉ
@ShiroKuhaku MiCA doens't apply to Usual in its current form
ZHIYUE
1
ShiroKuhaku
The new ones coming in 2025?
ShiroKuhaku
Does usual usdo meet the new EU regulations?
shoaib
Hy
so if there no unstake fee on uniswap right? why do i need to use official protocal unstake portal then?Mava (AI Support)
When using a secondary market like Uniswap, you're essentially swapping rather than unstaking, which means there's no direct unstaking fee from the protocol. However, the secondary market might price in the unstaking fee in the conversion rate. Using the official protocol unstake portal ensures you are aware of the exact fees and conditions, and it might be more reliable in terms of liquidity and pricing.
Mava AI Betanew
so if there no unstake fee on uniswap right? why do i need to use official protocal unstake portal then?
yacineuyguyg
about ga lxe why not eligible?
Mava (AI Support)
When using Uniswap, you're engaging in a swap rather than an unstake, so there's no unstaking fee from the protocol. However, the secondary market might price in the unstaking fee in the conversion rate.
Mava AI Betanew
so if there no unstake fee on uniswap right?
CongQ
yes you can, just make sure the token addresses are correct
new
can i swap usualx to usual with uniswap?
thanks
CongQ
right, the treasury one, my b\
treebeard
It should be the treasury contract that holds the collateral
CongQ
go find the treasury contract address on website, its under smart contracts in docs
Mava (AI Support)
You can check the backing of USD0++ by AA-grade tokenized short-term (overnight) U.S Treasury Bills here: USD0++ Backing Documentation. For live backing details, visit: [Etherscan Treasury Address](https://etherscan.io/address/[redacted wallet address]). References: 1,[2](https://etherscan.io/address/[redacted wallet address])
Mava AI Betanew
where i can check t bill backed of usd0++ token give me link
Mava (AI Support)
You can check the backing of USD0++ by AA-grade tokenized short-term U.S. Treasury Bills on the following link: USD0++ Backing. Additionally, you can view the live backing on Etherscan here: [Etherscan USD0++ Backing](https://etherscan.io/address/[redacted wallet address]). References: 1,[2](https://etherscan.io/address/[redacted wallet address])
Mava AI Betanew
where i can check t bill backed of usd0++ token
Mava (AI Support)
Usual integrates with both Equilibria and Pendle, which are part of the DeFi ecosystem. While both platforms aim to provide secure and innovative financial solutions, it's important to conduct your own research and assess the risks involved. DeFi platforms can have different risk profiles based on their smart contract security, market volatility, and other factors.
Mava AI Beta
CryCasher
bro is equilibria also safe like pendle?
treebeard
It's not a one time 7 day period for all pending rewards, it applies to each distribution
treebeard
Each day's rewards are subject to a 7 day period
Mava (AI Support)
If you are unable to claim your pending rewards after the 7-day period, there might be an issue. Please ensure that you are checking the correct dashboard and that your rewards are indeed from USD0++ positions, as these are subject to the 7-day cooldown period. If the issue persists, it might be a technical problem, and I recommend reaching out to Usual's support team for further assistance.
Mava AI Beta
I staked usd0+ and now it's day 9. I have a pending reward of 190, so how much can I claim all the pending rewards?Mava (AI Support)
Since you have staked USD0++ and it's been more than 7 days, you should be able to claim all your pending rewards of 190. USD0++ rewards accumulate daily, but there is a 7-day period before you can claim them.
Mava AI BetaShinya~
I staked usd0+ and now it's day 9. I have a pending reward of 190, so how much can I claim all the pending rewards?
When Iโm sending usual tokens to my wallet . Iโm suppose to send to my ETH address, right ?
When received they will appear as usual?Mava (AI Support)
Yes, you should send USUAL tokens to your Ethereum (ETH) address. Once received, they should appear as USUAL tokens in your wallet, provided your wallet supports viewing these tokens. Reference: 1
Mava AI BetaBornSlippy
When Iโm sending usual tokens to my wallet . Iโm suppose to send to my ETH address, right ? When received they will appear as usual?
irwingtello
@Mava (AI Support)
is usd0++ follow the iso20022
prob someone else asked this before, but sometimes the usual unstaking fee doesnt appear, thats a visual bug, right?Mava (AI Support)
The unstaking fee might not appear if your order is routed through a secondary market pool. In this case, it's considered swapping, not unstaking, so there's no unstaking fee from the protocol. However, the fee could be priced into the conversion rate by the secondary market itself. If the fee doesn't appear when it should, it might be a visual bug.
Mava AI Betahawk_is_back
prob someone else asked this before, but sometimes the usual unstaking fee doesnt appear, thats a visual bug, right?
We delayed Galxe a bit because we wanted to see if we could optimize the process for participants (less gas fee).
Cryptoloud"
The team should have be clear rather than causing commotion mid of December now 2 days left still nothing
Can I connect two different wallets when staking usualX?
Also. If I disconnect a wallet connected to staking. Will the staking stop when I disconnect the wallet ?Mava (AI Support)
You can connect different wallets to the UsualX staking platform, but each wallet will manage its own staking independently. Disconnecting a wallet does not stop the staking process. Staking continues on the blockchain, and you can reconnect the wallet later to manage your staked assets.
Mava AI BetaBornSlippy
Can I connect two different wallets when staking usualX? Also. If I disconnect a wallet connected to staking. Will the staking stop when I disconnect the wallet ?
dannnny
Does 10% fee applied?
Have anyone tried swapping USUALx into USUAL using Uniswap?
Does the 10% fee applied? As I don't see any
Altro-fx
Yes i have
Cryptocurrency
@Noรฉ ??
Have anyone tried swapping USUALx into USUAL using Uniswap?
Does the 10% fee applied? As I don't see anydannnny
Have anyone tried swapping USUALx into USUAL using Uniswap? Does the 10% fee applied? As I don't see any
We delayed Galxe a bit because we wanted to see if we could optimize the process for participants (less gas fee).Cryptocurrency
How late any update??
Jappix
Where can I view my rewards from staking USD0?
Are the rewards for staking USD0 into USD0++ automatically compounded, as is the case with staking USUAL into USUALx?Jappix
Are the rewards for staking USD0 into USD0++ automatically compounded, as is the case with staking USUAL into USUALx?
Could you please tell me, I staked 20.12 usual tokens on December 20th, but I still haven't received any rewards. Why?Mava (AI Support)
When you stake USUAL tokens, the rewards are reflected directly in the value of your USUALx, which acts like a vault share. This means that the rewards do not appear as 'Pending Rewards' but are instead reflected in the increased value of your stake. You can see the rewards when you simulate an unstake, as the withdrawal amount will include your rewards.
Mava AI Beta
Andrey Chepurnoy
Could you please tell me, I staked 20.12 usual tokens on December 20th, but I still haven't received any rewards. Why?
Dezer1x
pioneer, usual og
what about usual roles
We delayed Galxe a bit because we wanted to see if we could optimize the process for participants (less gas fee).
Suri
That's all right but then also it was mentioned after one week or so, which is still fine, but that is also passed now mate, and I hope the project not get back lash from community ๐
thanks for quick reply. the usual dashboard does not show the amount deposited on euler. is there any bug?Noรฉ
Euler isn't fully integrated in the UI right now, so that's normal. Rewards accrue to their smart contract, they'll probably redistribute themselves until we integrate it.
Thanks but it was previously for mid December now ending in 2 days hope its Jan confirmed now, no more further play here ?
neesojjjjjjj
thanks for quick reply. the usual dashboard does not show the amount deposited on euler. is there any bug?
Noรฉ
Actually that would make sense, because since a week, there's a message blocker for people writing "Galxe", to automatically say "check pinned messages etc". So people still writing Galxe here just ignore the message and try to bypass the restrictions lmfao
Suri
Thanks but it was previously for mid December now ending in 2 days hope its Jan confirmed now, no more further play here ?
JazzySt
@Noรฉ are you sure sure hahahaha
Cryptocurrency
๐๐ Then it will be never ๐ฅบ
JazzySt
Hahahaha ok Iโm โ ๏ธ
JazzySt
Lmao
Cryptocurrency
Are you sure??
Noรฉ
january
Cryptocurrency
Do you know anything about galxeeee
Mava (AI Support)
The claim for Galxe participants will be opened a bit before the spot listing. There is no precise time announced yet, but it will be communicated on Twitter before the listing.
Mava AI Betahawk_is_back
Hi guys, any speculations about the bottom price for the next week?
JazzySt
Click general page on top thereโs a tab
JazzySt
Almost same age as many here. Iโm old and was called sir a lot yet female haha
Cryptocurrency
Anyone How to check pin massage???
Cryptocurrency
@Mava (AI Support) How to check pin massage
Mava (AI Support)
To claim USUAL rewards for supplying USD0++ on Euler Finance, you would typically need to check your rewards on the Usual dashboard. Rewards are distributed in $USUAL and accumulate on your Usual dashboard, where they can be claimed.
Mava AI Betaneesojjjjjjj
if you supply USDO++ on euler finance, how can you claim USUAL reward?
Cryptocurrency
How to check pin massage??
0xports
im 22
Noรฉ
you're welcome sir
0xports
thanks
CryCasher
:O
Noรฉ
-Halborn
You can check more recent audits also
Aerovall
it is explained well on the paladin audit
Because it's their job sir, they identify potential vulnerabilities or decentralization issue.
It wasn't controlled by a multisig, so that's bad -> it's now a multisig.0xports
okay i didnt see that they fixed it, the audit just said it has been acknowledged
Aerovall
all governance are susceptible to that vulnerability but multisig deters it
CryCasher
what
Noรฉ
Because it's their job sir, they identify potential vulnerabilities or decentralization issue. It wasn't controlled by a multisig, so that's bad -> it's now a multisig.
Aerovall
it isn't dark red security, you can see that it is titled "governance" all governance are like that
JazzySt
A drink A massage A happy ending
Every needs a chill ๐
its a multisig you need multiple malicious signatures in order to pull that off which is close to nil.0xports
so why has the audit marked it as a dark red security issue? if its nothing to worry about
Noรฉ
> The role exists as a security mechanism to protect the protocol from malicious actors, comply with regulatory requirements, and ensure rapid response to security incidents. This role has the authority to restrict specific addresses from participating in token transfers and protocol operations across multiple core contracts
Aerovall
ban here in discord maybe as you can see in their # ๐ใrules but blacklisting you on protocol i dont think so
treebeard
The most common case is usually multisig keys being stolen rather than malicious teams necessarily, there're not really rules and laws that prevent that besides proper key storage / security practices. But yeah to the previous questions, the owner can burn/mint/blacklist, and also upgrade contracts (i.e. do anything)
0xports
could explain it instead of replying sarcastic
Aerovall
its a multisig you need multiple malicious signatures in order to pull that off which is close to nil.
CryCasher
:O
JazzySt
Malicious how? When thereโs rules and laws that govern things
CryCasher
:O
CryCasher
oww noe talking
clearly explained by the audit they acknowledged the issue thus they do multisig wallet to avoid that "event of admin key getting leaked"0xports
but the owner has the power to fxck up everyone if he turns malicious
Alastor
what you mean every block
Alastor
when will the stake rewards given?
it's been 2 days with no rewards?
Mava (AI Support)
Staking your USUAL tokens allows you to earn rewards and participate in governance. When you stake USUAL into USUALx, you receive a share of the staking rewards, which increases over time. Additionally, staking USUAL grants you governance rights, allowing you to influence protocol decisions. References: 1,2
Mava AI BetaAlastor
what's the point of staking my usual tokens
could someone explain to me how this could be a risk for me when providing money to the protocoll? like could the admin, if they want to, steal all the coins? restrict access etc.?Aerovall
clearly explained by the audit they acknowledged the issue thus they do multisig wallet to avoid that "event of admin key getting leaked"
Usual
0xports
i think you have to ask without replying to her
alexandervojak
How can i convert YT Usd0++ into PT Usd0++ ?
CryCasher
:D
0xports
yeah, im not satisfied with the bot answer..
Is it 24 hours from the time the money is deposited, or is it until 23:59 the next day after 23:59? @Mava (AI Support)CryCasher
Is it 24 hours from the time the money is deposited, or is it until 23:59 the next day after 23:59? @Mava (AI Support)
could someone explain to me how this could be a risk for me when providing money to the protocoll? like could the admin, if they want to, steal all the coins? restrict access etc.?Mava (AI Support)
Usual Protocol is fully decentralized, meaning that all transactions are carried out on a peer-to-peer basis, and Usual Labs has no control over these transactions. The protocol is deployed on multiple blockchain-based networks, and Usual Labs is not responsible for the operation of these networks. This decentralization means that there is no central authority, like an admin, who can steal coins or restrict access. However, users are responsible for securing their private keys, as Usual Labs does not have access to them. The protocol's security relies on the blockchain's underlying technology, which is open source and subject to risks such as forks or changes in operating rules. References: 1,2
Mava AI Betacould someone explain to me how this could be a risk for me when providing money to the protocoll? like could the admin, if they want to, steal all the coins? restrict access etc.?Usual
@Mava (AI Support) 24 hours cycle is same for everyone or everyone have different time countCryCasher
@Mava (AI Support) 24 hours cycle is same for everyone or everyone have different time count
Mava (AI Support)
Yes, there are criteria for vesting related to YT USD0++. If you are in the top 1.5%, the allocation has been vested. However, if you convert your USD0++ into PT on Pendle, it won't be accounted for vesting requirements.
Mava AI Betaalexandervojak
Hi, are there any criteria for vesting for YT Usd0++ drop?
Mava (AI Support)
Yes, the rewards from staking USUAL can increase over time. This is because the rewards are designed to grow as more users exit the staking pool, and a portion of the unstaking fees is redistributed to the remaining stakers. Therefore, the longer you stay staked, the more rewards you may accumulate.
Mava AI BetaCryCasher
@Mava (AI Support) the first staking day reward is lower than second and third days?
Mava (AI Support)
USD0++ rewards accumulate daily, but there is a 7-day period before you can claim them. USUALx rewards, however, auto-compound into your position and do not update in real-time on the 'Pending Rewards' field.
Mava AI BetaCryCasher
@Mava (AI Support) is usd0++ reward usualx are realtime updating or every 24 hours
Mahashmashana
will there be an announcement or a 3-day warning when The Early Redemption Feature is live?
famousfxck
1.8B$ TVL
middleagedbiker74
Or convert to USD0 and put it to work
I think the issuances are meant to be sold ๐คฃ
rAiiNbOwZz/Mike
i hope they can take some advantage from the current usdt situation
okay cause it happens at different times. Let's hope we get some new users soon that keep the momentum a bit more positivelytreebeard
Yeah I mean I could be wrong, I didn't look at the txns or anything. But team tokens are locked for a year
rAiiNbOwZz/Mike
okay cause it happens at different times. Let's hope we get some new users soon that keep the momentum a bit more positively
treebeard
Just some stablecoin farming whales selling their income
is the team selling regularly? No mean to fud just trying to find out about these harsh sell offs that happen in like 1mintreebeard
It's the daily rewards unlock most likely, not the team
rAiiNbOwZz/Mike
is the team selling regularly? No mean to fud just trying to find out about these harsh sell offs that happen in like 1min
middleagedbiker74
Are you able to tell me if I lost any of my claims as I was late by a day or 2 to claim?
Yes thank you.
Hello, I bought YT USD0++ January 2025. I donโt see the usual rewards. Do they only get seen at expiry?
energy$
You should see reward man
middleagedbiker74
I thought you said 7 days earlier?
So I opened my YT USD0++ on Dec 21 evening. I only claimed today 29 Dec for first time. Have I lost some USUAL because of this??Mava (AI Support)
No, you have not lost any USUAL tokens. The rewards accumulate daily based on your holdings, and you can claim them at any time. The timing of your claim does not affect the amount of USUAL tokens you earn.
Mava AI Betamiddleagedbiker74
So I opened my YT USD0++ on Dec 21 evening. I only claimed today 29 Dec for first time. Have I lost some USUAL because of this??
Gunner funk
They expect you to dump usual daily and stack up usdo++ ๐
ANDRONYNE
The website should be updated to reflect that for USD0++ It is APR and not APY
Ez-Marvis
Gas fee will be the same everyday?
I have a question. If you own USD0++ and gain rewards in Usual, wouldn't it not be APY but APR as there is no direct compounding?Mava (AI Support)
Yes, you are correct. If there is no direct compounding of the rewards, it would be considered APR (Annual Percentage Rate) rather than APY (Annual Percentage Yield), which includes compounding.
Mava AI BetaANDRONYNE
I have a question. If you own USD0++ and gain rewards in Usual, wouldn't it not be APY but APR as there is no direct compounding?
middleagedbiker74
Oh ok
Ez-Marvis
So USD0++ do not have to claim reward every day?
middleagedbiker74
Actually I saw it. Thank you
Ez-Marvis
Claim reward need to pay gas fee?
Noรฉ
# ๐ฉใsupport-contact
middleagedbiker74
Is there a link to contact? I donโt want scammers
Hello, I bought YT USD0++ January 2025. I donโt see the usual rewards. Do they only get seen at expiry?Mava (AI Support)
Hi, you should be able to see the rewards at the end of each 24-hour cycle. The countdown is displayed on your dashboard. If you are not seeing the rewards, please check your dashboard or contact support for further assistance.
Mava AI Betamiddleagedbiker74
Hello, I bought YT USD0++ January 2025. I donโt see the usual rewards. Do they only get seen at expiry?
๋ถ์ฅ๋ฐ๋ผ๊ธฐ
Me too
energy$
Okay. Congratulations
Usual
energy$
Explain here. Some might be of help
kimchi
now, I can claim. maybe some delay here
Gabee
Could you explain what is your problem first? ๐
kimchi
ME neither
๋ถ์ฅ๋ฐ๋ผ๊ธฐ
Did anybody claimed today's usual? My friends said they can't claim neither
Today's usual claim doesn't work.
thinkbonobo
12/29/2024 at 09:28:40 ESTI guess it's not around yet, anyone know if there's any plans to add an LP for it in the near future so one can buy and sell directly on an L2 and skip the ETH fees/bridging
Mava (AI Support)
Currently, Usual is available on Ethereum and Arbitrum networks. However, it seems that native minting on Arbitrum isn't enabled yet, and liquidity might be limited on platforms like Camelot. You can bridge USD0 and USD0++ to and from Arbitrum using Stargate, or swap directly on Arbitrum to buy USD0 or USD0++ on Camelot.
Mava AI Beta
thinkbonobo
12/29/2024 at 09:21:53 ESTDoes anyone know how I can buy usual on an L2? i've checked uniswap, velo, and camelot but I don't see it there
They have a dashboard
Check hashnote website
thinkbonobo
12/29/2024 at 09:19:24 ESTis there a place to see what they have backing it?
if there is enough sell pressure people are incentiviced to sell there usd++ on the open market even on 0.99 or 0.98 cents if they have to pay a fine in usual tokens that are a higher percentage then that.
SatoshiXXX
Read again, this is RWA protocol. Usd0 is backed by t bill. Long live usd
Gunner funk
If the audit data is right
If it's depegs by a lot then it's basically free money as it's 1:1 backed
It's same as USDT depegging
this can also make price unstable since no one will redeem and just starts offloading their usd++Gunner funk
People will buy up usd0++ as it's 1:1 backed by T bill token by hashnote
Usual
fzvijw2kk
help me
Usual
fzvijw2kk
admin/mod are you here
Debank show more coinsโฆ so which is the correct one? If one day I unstake will I get what debunk shows? @Mr. Lin
fredchan17999
I have the same question
famousfxck
Nah wonโt happen unless black swan event
lil m
lets say the would lose 10 percent by unstaking through the platform they can still profitably dump on open market without redeeming for 0.91 cents
if there is enough sell pressure people are incentiviced to sell there usd++ on the open market even on 0.99 or 0.98 cents if they have to pay a fine in usual tokens that are a higher percentage then that.
why not
famousfxck
Nah wonโt happen
lil m
or am i missing something?
this can cause the usd++ to go under 1 dollar
this can also make price unstable since no one will redeem and just starts offloading their usd++
lil m
why would anyone ever redeem it and not just trade it then?
yes that my entire point
so how would that work if its on a dex? you just trade it without penalty's in that case right? just sell it for usdt or usdcMava (AI Support)
Yes, on a decentralized exchange (DEX), you can trade USD0++ for USDT or USDC at the market rate. There are no penalties for trading, but the price you receive will depend on the current market conditions and liquidity in the DEX pools.
Mava AI Betalil m
so how would that work if its on a dex? you just trade it without penalty's in that case right? just sell it for usdt or usdc
famousfxck
But you can swap it easily for no penalty
Yeah ofcourse
lil m
i know but in teir docs its saying you have to pay a penalty in usual tokens to redeem your usd++ earlyer
if there is a penalty for unstaking usd++ why wouldnt you just trade it on the open market dexes?famousfxck
Itโs literally tradable on Dex
lil m
will base and solana also be added?
Mava (AI Support)
Usual is planning to expand to other chains, starting with Arbitrum in Q1 2025. This expansion is part of Usual's cross-chain journey to become a widely used stablecoin across multiple blockchain networks.
Mava AI Betalil m
when is usual moving to other chains?
lil m
is there a penalty right now for unstaking your usd++?
in that case there is no penalty correct?
if there is a penalty for unstaking usd++ why wouldnt you just trade it on the open market dexes?
for how long do you have to stake your usd++ ? are there multiple time options and where can i find them?Mava (AI Support)
When you exchange USD0 for USD0++, you lock/stake USD0 for 4 years. USD0++ is fully liquid and can be used in DeFi or swapped on DEXes with almost no slippage. There are no multiple time options for staking USD0++. You can find more information on the Usual Money documentation or their official website.
Mava AI Betalil m
for how long do you have to stake your usd++ ? are there multiple time options and where can i find them?
i0sm3
Debank show more coinsโฆ so which is the correct one? If one day I unstake will I get what debunk shows? @Mr. Lin
i0sm3
Kk Iโll check
Mr. Lin
๐ฅน
Mr. Lin
If you dont wanna read from me at least read it from our fellow member
Like I said beside the 10% even on your website with the rise from yesterday ( and itโs another wallet just to not mixup with my week old staking) I still see less then what I staked 34772 with the fees paid alreadySatoshiXXX
Try debank, do youknow how to use debank?
Mr. Lin
Debank
Like I said beside the 10% even on your website with the rise from yesterday ( and itโs another wallet just to not mixup with my week old staking) I still see less then what I staked 34772 with the fees paid alreadyMr. Lin
https://discord.com/channels/1106588534871179280/1107144153076347022/1322099615637442652
Lucky Boy
Im going to sleep. Hopefully the price stabilizes soon
Lucky Boy
Lmao
Mr. Lin
But whatever floats your boat
lil m
is there a max supply?
Im not upgrading it yet maybe q1 its no longer dump coin haha but this month it is what it is sorrySatoshiXXX
So you are selling usual now and buying it back at 1q25?
Im not upgrading it yet maybe q1 its no longer dump coin haha but this month it is what it is sorryMr. Lin
Lmao a bit egocentric innit
lil m
does this mean there is no max supply? the supply will always be able to go higher when there is more usd0 minted?
I dont know but current price doesnt jistify value right know market dictates price. Its selling may because its over valuedSatoshiXXX
You say "overvalued", but to which metrics? I think you deem it overvalued just because it is currently in a price correction?
Lucky Boy
Im not upgrading it yet maybe q1 its no longer dump coin haha but this month it is what it is sorry
Mr. Lin
And facts dont care about your feelings
Because that's your feelings
Theres no need for any discussion
And if you justify everything with price action
I dont know but current price doesnt jistify value right know market dictates price. Its selling may because its over valuedMr. Lin
Im assuming you agree that it is not a "dump coin" then
But there are no other functions forbit right now other than staking and reward. So other functions come in later may q1 of 2025?SatoshiXXX
Dude, there is no dump token here. If it is, you are free to sell ur bag and go. When the fee switch are turned on, i guarantee you whole world is going to chase $usual like no tomorrow
Lucky Boy
I dont know but current price doesnt jistify value right know market dictates price. Its selling may because its over valued
Mr. Lin
On the secondary market
If I base on the 400 average apy and convert it to apr I should get like 1.4 % average daily no?
Yesterday 1 usualx eq 1.114646 usual and today it got lower to 1.09-1.10Mr. Lin
Price fluctuation
i0sm3
If I base on the 400 average apy and convert it to apr I should get like 1.4 % average daily no? Yesterday 1 usualx eq 1.114646 usual and today it got lower to 1.09-1.10
Mr. Lin
In the future our UI will display - but for now it will have to be debank lol
For example yesterday I staked more than my already staked 20k usualโฆ
To be exact 34772 usual to 30653 usualx
When I simulate the unstake it should be at least 34772 ( forget the 10%)
Or it did show me 33200 this morning which is a way less than what I staked and if I check now it gives 34118 usual which is still away less than what I staked basically even with the little extra thereSatoshiXXX
Debank will show u the correct number, we still have some UI issue here
For example yesterday I staked more than my already staked 20k usualโฆ
To be exact 34772 usual to 30653 usualx
When I simulate the unstake it should be at least 34772 ( forget the 10%)
Or it did show me 33200 this morning which is a way less than what I staked and if I check now it gives 34118 usual which is still away less than what I staked basically even with the little extra thereMr. Lin
Ser pls check with Debank for the most accurate representation of your position
So that is a blatant contradiction to your statement which makes it false
i0sm3
For example yesterday I staked more than my already staked 20k usualโฆ To be exact 34772 usual to 30653 usualx When I simulate the unstake it should be at least 34772 ( forget the 10%) Or it did show me 33200 this morning which is a way less than what I staked and if I check now it gives 34118 usual which is still away less than what I staked basically even with the little extra there
Gunner funk
Fee switch will give some intrensic value to usual
Mr. Lin
at the moment, usual stakers are receiving 10% of all usual revenue, 33% of system fees
Lucky Boy
But there are no other functions forbit right now other than staking and reward. So other functions come in later may q1 of 2025?
Aerovall
do you expect usual team to ship out all their roadmap after like a week release? ๐
Mr. Lin
Pure logic
Lucky Boy
Educate me
There are no other function for it now right other than rewards? then its currently a dump coin right. After all functions of the coin is enabled then it will be upgraded lolMr. Lin
Still wrong
"until proven otherwise" you mean if the price goes up the theory is wrong, if the price goes down the theory is right?Lucky Boy
There are no other function for it now right other than rewards? then its currently a dump coin right. After all functions of the coin is enabled then it will be upgraded lol
its also stated 10 percent of the dillution is being rewarded to xusual holders. Where is the other 90 percent of dillution going to? is it all going to usd++ holders?Mr. Lin
?
Mr. Lin
Approx 2% of usual is distributed per month
This usualx not working for me only loosing usualโฆ when I stake I get less then what I should and if I try to unstake beside the fees it shows me lot less than what I should getโฆ quite wierd with that apyโฆ and I have more than 30k usualxโฆMr. Lin
Go to debank and check your position - your usual amount should have increased once youve staked it
Mava (AI Support)
The daily supply of USUAL tokens is determined by a dynamic minting rate, which is calculated based on several factors including the global distribution rate, the minting rate, the supply of USD0++, and the primary market price of USD0. The distribution rate is set to 0.25, meaning the minting rate per the market cap of current locked assets will be distributed over 4 years. The actual daily supply can vary due to changes in Total Value Locked (TVL) and price dynamics. References: 1
Mava AI BetaMr. Lin
Lmao
Schrodinger's theory?
lil m
how much supply is coming on the market every day?
how much dillution is going on daily?
Bro thats the sentiment in Chinese forums. Until proven otherwise its a currently what it isMr. Lin
"until proven otherwise" you mean if the price goes up the theory is wrong, if the price goes down the theory is right?
its also stated 10 percent of the dillution is being rewarded to xusual holders. Where is the other 90 percent of dillution going to? is it all going to usd++ holders?Mava (AI Support)
The remaining 90% of the dilution is distributed to the community through various mechanisms. Specifically, 45% goes to USD0++ holders, and the rest is allocated to other community-driven initiatives such as market makers, ecosystem and DAO, and Curve Pools. This ensures broad participation and alignment with the protocolโs growth. References: 1
Mava AI Betalil m
its also stated 10 percent of the dillution is being rewarded to xusual holders. Where is the other 90 percent of dillution going to? is it all going to usd++ holders?
And in terms of the function - i dont have any information as we havent fully disclosed the function of usualx yeti0sm3
This usualx not working for me only loosing usualโฆ when I stake I get less then what I should and if I try to unstake beside the fees it shows me lot less than what I should getโฆ quite wierd with that apyโฆ and I have more than 30k usualxโฆ
100% of revenue goes to CRV stakers, so it's kinda same when you consider the percentage of revenue that goes to the teanLucky Boy
Bro thats the sentiment in Chinese forums. Until proven otherwise its a currently what it is
lil m
when is this revenue switch actually turned on?
Mr. Lin
Not sth like "hurr durr price dump, this is a dump coin we going to zero"
100% of revenue goes to CRV stakers, so it's kinda same when you consider the percentage of revenue that goes to the tean
StarDust21
go to hyperliquid to express your view, funding rates for shorts currently 11%, lmk how that works out, no reason to be here bro
Mr. Lin
As said, all speculations are welcome but if you're going to FUD, at least FUD it with sense lol
Gunner funk
100% of revenue goes to CRV stakers, so it's kinda same when you consider the percentage of revenue that goes to the tean
Mr. Lin
So i cant compare
Curve rewards it's LP provider's with CRV just like USUAL. Crv should be locked for 4 years to participate in governance. Also locked CRV gives you over 25% in APR and the rewards are payed in stables.Mr. Lin
And in terms of the function - i dont have any information as we havent fully disclosed the function of usualx yet
Lucky Boy
Hahaha
I wouldn't waste a key stroke on gunner, probably owned and lost, short, or holds $100 position. No added value at all to this channelLucky Boy
Bro dont underestimate maybe the one who shorted at .3 ia the guy who got pissed off yesterday we just dont know
Mr. Lin
I think that already shows the fundamental difference is who is the real owner of usual
Community 60%
Employees 3%
Investor 3.5%
Curve rewards it's LP provider's with CRV just like USUAL. Crv should be locked for 4 years to participate in governance. Also locked CRV gives you over 25% in APR and the rewards are payed in stables.Mr. Lin
The team holds 26% of crv
StarDust21
I wouldn't waste a key stroke on gunner, probably owned and lost, short, or holds $100 position. No added value at all to this channel
Gunner funk
It's basically same as USUAL
Lucky Boy
I just borrow and sell
Gunner funk
Curve rewards it's LP provider's with CRV just like USUAL. Crv should be locked for 4 years to participate in governance. Also locked CRV gives you over 25% in APR and the rewards are payed in stables.
like mr.lin said there is no promise sell all you want short all you want if you dont believe in itLucky Boy
I gained more selling the buying this. I bough premarket .2 and some are free from launchpool
Mr. Lin
I dont think any of the other stable coin protocols are doing that
90% of our revenue is distributed to the community
dv
what's the expectation of APR% from fee switch ?
Mr. Lin
And the tokenomics is entirely different
Mr. Lin
Im not entirely familiar with crv but we dont have a voting escrow mechanism yet
Gunner funk
Can I know what's in the roadmap
Aerovall
like mr.lin said there is no promise sell all you want short all you want if you dont believe in it
Aerovall
none straight to zero(since this is the thesis you want to hear)
To say that usual is a dump coin goes to show youre not entirely familiar with the function of our governance coinGunner funk
How is the tokenomics different than crv? Crv is currently 98% down
Mr. Lin
Job is not done ๐ฌ
Mr. Lin
There's no promise ser, it's how the roadmap will be
Lucky Boy
I guess ill hold on that promise
Mr. Lin
Just stake it, go away and come back in a month
We are in holidays anyways, the liquidty is low, the market is easier to be overvought or oversold
Lucky Boy
Ok i guess ill just hold on the promise of usual
When the funding rate is juicy enough for our market makers to squeeze
Lucky Boy
Ok
@Mr. Lin sorry mr in but whats gonna srop people from shorting it when half of the market cap is available to borrow?Mr. Lin
Market will always balance itself
And its only a matter of time when the DAO decides the parameters of the fee switch
Once fee switch is on, usual stakers will receive constant and increasing yields flowing from the treasury
Lucky Boy
Anyway im still holding some and staking few
CongQ
Do whatever you want, Iโm just sayin your logic behind is laughable here.
Mr. Lin
To say that usual is a dump coin goes to show youre not entirely familiar with the function of our governance coin
Lucky Boy
@Mr. Lin sorry mr in but whats gonna srop people from shorting it when half of the market cap is available to borrow?
Mr. Lin
Why can't $usual retrace from 1.6 to 1?
A retracement is always healthy, and given the macros, even Btc went from 106k to 93k
In short term Usual might experience some selling pressure, we've went from 0.22 to ATH 1.6 The rise of the price is due to the positive speculation of Usual protocol - i.e. Bullish on its ability to generate revenue And as TVL is growing sustainably and steadily, the inherent value of $Usual will definitely rise, but it might not reflect instantly due to the massive surge over the past month or so
Lucky Boy
Whatever im double topping usual
CongQ
https://tenor.com/view/picard-facepalm-oh-no-oh-hell-no-no-gif-10723914200679373178
Lucky Boy
Nobody can control truly decentralized
btc has no outside influence
CongQ
No itโs not, it was never meant to be
Lucky Boy
Btc is a proof of work store of value
CongQ
ETH is the reward token to ETH staker
Aerovall
you can short 100x if you trust your thesis btw
CongQ
BTC is a rewards token to PoW miners
You literally have a brain of a peanut
Lucky Boy
Yeah like hamster coin or frog coin ๐คฃ๐คฃ
CongQ
What do you think the โstore of valueโ comes from
Aerovall
that can literally apply to all crypto ๐
Lucky Boy
Usual is a rewards token nothing else
CongQ
Lmfao
Lucky Boy
Btc is something else its a store of value
Mava (AI Support)
Usual has implemented a vesting mechanism for top whales to protect smaller caps. This means that whales have their rewards vested over time, which prevents them from immediately dumping their rewards. Additionally, there are mechanisms in place to ensure that the protocol remains balanced and fair for all participants.
Mava AI BetaCongQ
Whatโs stopping whales from borrowing ETH to stake and dump the rewards ETH?
Aerovall
that's the same as shorting them why would they borrow and sell when they can just short it
CongQ
Whatโs stopping whales from borrowing BTC miners and just dumping BTC?
CongQ
What are you even on about
ZHIYUE
TVL is approaching $2 billion
Lucky Boy
?
What stopping a whale with couple billion to jist borrow tokens and sell them
CongQ
Itโs like calling Bitcoin will hit 200k tmrw and calling that a โThesisโ
Lucky Boy
The current market cap is only half million more or less
CongQ
Itโs not a thesis if you donโt have a supporting logic Jesus
Lucky Boy
Let me tell you something just my thesis
CongQ
Logic?
Lucky Boy
Then plummet to 0.04
It will go first to .95 then to 8
CongQ
Jesus you really do have a brain of a peanut. Not even in a funny way.
CongQ
And to your question , when it has the governance right to more than its value, market will correct itself
Lucky Boy
Dump coin
Its governance token same price like stablecoin
Yup its never going above 2u
CongQ
It doesnโt mean itโs โmeant to be dumpedโ
People also buy IPOs to just dumpโem
Lucky Boy
People are just staking usd0++ and just dumping them out lool
CongQ
Then explain your logic behind โitโs meant to be dumpedโ
Lucky Boy
Yeah its meant to be dumped
CongQ
Wdym it doesnโt mean, yes it does mean, because itโs how market works
Mava (AI Support)
The USUAL token is designed to have its value directly tied to the protocol's growth and revenue, similar to a P/E ratio. This means that its governance rights are backed by real yield and revenue, granting ownership rights over the protocolโs actual and future revenues. This sets it apart from many other governance tokens, which often lack intrinsic value. Reference: 1
Mava AI BetaCongQ
It has the governance right to more than its value?
Lucky Boy
It will be sold daily
Well that doesnt mean the coin will go above 2u
CongQ
Donโt whatever me, you donโt just give up on logic with an argument
2 means 8b fdv, which if we reached Tetherโs level thatโs only 1 year of revenue
It has the right to govern the treasury funds. Which can be used to buy back circulating tokens and be burned.Lucky Boy
Whatever im hedging this because its going to 0.04๐คฃ
CongQ
How is price of 2 determined in your logic?
Lucky Boy
I have 30k of this useless coins
CongQ
It has the right to govern the treasury funds. Which can be used to buy back circulating tokens and be burned.
Lucky Boy
Its a rewards coin
This token is only meant to be dump
Depends upon the protocol if its voting mechanism
CongQ
What โGovernanceโ means to you.
Lucky Boy
But i dont see them growing to more than 2u
I hold coins btw
Its meant to be sold and shorted
CongQ
LLM can answer questions but canโt see visions
TBill interest is only the first piece to the portfolio growth, USUALx holders are the owners of all future growthLucky Boy
Usual token has no intrinsic value other than staking and selling and governance
CongQ
If you really want to learn about fundamentals I suggest reading through the docs instead of through an LLM.
TBill interest is only the first piece to the portfolio growth, USUALx holders are the owners of all future growth
Lucky Boy
"Duration" loool ๐
Mava (AI Support)
Usual's exposure to interest rates primarily affects the value of its collateral, which consists of tokenized U.S. Treasury bills and money market funds. When interest rates rise, the value of these fixed-income securities typically decreases, potentially leading to capital losses if they need to be sold before maturity. Usual manages this risk by using a metric called 'duration' to measure the expected fluctuation in a bond's price due to changes in interest rates. Bonds with longer durations are more sensitive to interest rate changes. Usual's strategy involves investing in short-term maturities to minimize this risk. Reference: 1
Mava AI BetaLucky Boy
@Mava (AI Support) what is usuals exposure with interest rates?
Lucky Boy
Lol because usual is a gift that keeps on giving like first republic before it went on zero in a weekend lol the vibes is like first republiky here ๐คฃ๐คฃ
101
where did this come from? lol
CongQ
So USD0 actually makes a very compelling if not the only replacement option for CEXs operating in Europe
Mava (AI Support)
No, Usual is not a tokenized version of First Republic Bank. Usual is a DeFi protocol designed to bridge traditional finance and decentralized finance by offering access to Real-World Assets (RWAs) through its stablecoin, USD0, which is backed by tokenized RWAs like U.S. Treasury bills.
Mava AI BetaLucky Boy
@Mava (AI Support) is usual a tokenized version of first republic bank lol?
Matt
12/29/2024 at 07:18:31 ESTWrong
Matt
12/29/2024 at 07:18:12 ESTWhen Is the air dr-op for galx-e participants
@Mava (AI Support) is usual token a cannon fudder token since its distributed as rewards and meant to be sold?Mava (AI Support)
The USUAL token is designed to be more than just a reward token meant for selling. It serves as a governance and utility token within the Usual Protocol, offering long-term value and sustainable growth. The tokenomics are structured to align with the protocol's revenue growth, ensuring that emissions remain lower than revenue growth. This design encourages long-term holding and participation in the ecosystem rather than just selling for short-term gains. Reference: 1
Mava AI Beta101
the best you can do is not be a weak european afraid of this. be brave, click some buttons
Lucky Boy
@Mava (AI Support) is usual token a cannon fudder token since its distributed as rewards and meant to be sold?
CongQ
Unlike FDUSD could face the same ban down the road if thatโs the only replacement.
101
EU is trying to pull a world-police, it doesn't mean where the coin is "established"
I mean it does not need to comply because its not in the jurisdiction of the compliance in the first placeLucky Boy
I mean it does not need to comply because its not in the jurisdiction of the compliance in the first place
CongQ
Exactly my point
101
that's the most european concern I've heard
Since USD0 doesnโt hold RWA itself but aggregates various protocol, it should be MiCA compliant right?Lucky Boy
No because mica is only for centralized stablecoins
So, we wouldn't be able to trade USUAL in Europe anymore? Since the USUA/USDC pair doesn't exist yet and I don't like trading with BTC, it's sad. Will it have an impact on the project?CongQ
FDUSD pair is available right now
KanSuly
So, we wouldn't be able to trade USUAL in Europe anymore? Since the USUA/USDC pair doesn't exist yet and I don't like trading with BTC, it's sad. Will it have an impact on the project?
CongQ
Very interesting.
Since USD0 doesnโt hold RWA itself but aggregates various protocol, it should be MiCA compliant right?CongQ
Since USD0 doesnโt hold RWA itself but aggregates various protocol, it should be MiCA compliant right?
Lucky Boy
Do nothing lol everything is a trap ๐
Lucky Boy
You cannot outrade ai man
Lucky Boy
I dont advise for gambling. I would suggest investing and staking it
Carlos Soltero
I'm not betting with all my money haha
viponedream
47% APY if i hold USD0++ on wallet? is it true?
Lucky Boy
You cant. You can try but i warned you if you have huge liquidity fine but i doubt it
It will dump because other people is thinking the same as you they targwt key liquidity areas to enterCarlos Soltero
yup
Lucky Boy
It will dump because other people is thinking the same as you they targwt key liquidity areas to enter
Carlos Soltero
Ah, I know that, however I am looking for short trades of 0.50-1% profit with the X5
viponedream
will we still get reward if we hold usd0++ on wallet?
shamim6791s
When gaalxe us er's re award . already 1 week gone
Lucky Boy
If you cant cover it will liquidate you
Carlos Soltero
why? i don't understand well why
Lucky Boy
Dont do margin buy only spot token
Its heavily guarded. If its fake pump you must borrow tokens then sell on top
Carlos Soltero
i don't understand you
Lucky Boy
Dont the bot will stop you. You must buy only spot
Lucky Boy
I think short interest is increasing in binance there might be a short squeeze happening in a few says
Reversal happening in smaller time frame
Yea almost thats why i stop double topping short
Lucky Boy
Yes. If price go up volume should go up for 1 day time frame but this does not hold true 100% of the time
Carlos Soltero
for a bullish?
Lucky Boy
Only the 24hour volume if increased to 200m is confirmation
Carlos Soltero
https://tenor.com/view/thumbs-up-good-job-spongebob-gif-14856720698504163537
Lucky Boy
Its all fake it has no volume
Carlos Soltero
Hey, I was referring to a BIG bullish candle.
Lucky Boy
Technical analysis is bullshido
101
if it doesn't go down it will go up, makes sense
Lucky Boy
Spinosaurus will happen
Carlos Soltero
:v
Carlos Soltero
If it doesn't go down, the opposite will happen. A big green flag.
Jiro
@William210r Scam
Usual
Mava (AI Support)
Yes, you can claim your USUAL tokens. The claim functionality is enabled alongside the airdrop event, which is scheduled for mid-December. During this period, your USUAL tokens will accumulate daily in your dApp.
Mava AI Beta
ANALYST_@
12/29/2024 at 05:48:52 ESTYes
viponedream
can i claim USUAL now?
JhoVendetta
Reward auto compound, read docs , do not reply to dm
JhoVendetta
JhoVendetta
Scam
Mava (AI Support)
If you're not seeing any rewards, it could be due to several reasons. Please ensure that your wallet and integrations are correctly set up and that you are holding USD0++ or USUALx, as rewards are distributed based on these holdings. If everything seems correct and you're still not seeing rewards, there might be a delay or an issue that needs further investigation.
Mava AI BetaMava (AI Support)
Usual earns from bonds by using tokenized U.S. Treasury bills and money market funds as collateral. These investments generate interest income, which contributes to the protocol's revenue. The yield from these real-world assets (RWAs) is then used to back the stablecoin USD0 and to provide rewards in the form of USUAL tokens. Reference: 1
Mava AI BetaLucky Boy
@Mava (AI Support) how does usual earn from bonds?
Mava (AI Support)
Usual burns tokens through specific roles assigned within its smart contracts. The USUAL_BURN role is responsible for burning USUAL tokens from any address, ensuring proper supply management during redemptions, liquidations, or other protocol operations that require token destruction. This role is typically assigned to protocol-controlled contracts. Similarly, the USD0_BURN role manages the burning of USD0 tokens across multiple contracts, ensuring proper supply management and redemption functionality. References: 1,2
Mava AI BetaLucky Boy
@Mava (AI Support) how does usual burn tokens?
famousfxck
You can always ask mava
NovaByte
just whitepaper
famousfxck
Did you read the whitepaper and the blogs?
NovaByte
@famousfxck burning information is not clear ther
famousfxck
# ๐ใofficial-links
NovaByte
hi any one have more information about usual burning mechanism
Mava (AI Support)
Staking USUAL into USUALx has its advantages and disadvantages: Advantages: 1. Rewards Accumulation: When you stake USUAL into USUALx, you receive a share of the staking rewards. Over time, this share increases, allowing you to withdraw more USUAL when unstaking, reflecting the accumulated rewards. 2. No Locking Period: There is no locking period for staking USUAL into USUALx, providing flexibility to unstake whenever you wish. Disadvantages: 1. Value Representation: USUALx acts like a vault share, meaning the number of USUALx you receive is not 1:1 with USUAL. This can be confusing as the value is based on your share of the vault and rewards. 2. Unstaking Fee: There is a 10% fee for unstaking, which can reduce the overall returns if you decide to unstake.
Mava AI Beta
ShiroYuki
@Mava (AI Support) advantage and disadvantage of staking USUALX ?
Lucky Boy
Usual is a gift that keeps on giving. Thanks usual ๐
Mr. Lin
there will be a lot of scammers trying to contact you, becareful
Lucky Boy
If the 1 day volume does not go with the price its fake ass pump
Mr. Lin
wen pentakill?
Lucky Boy
Quadruple top
Mr. Lin
https://discord.com/channels/1106588534871179280/1293222912953811065
Mr. Lin
If not, you can open up a ticket and i can have the team take a look at your situation
Lucky Boy
Triple top
่็ไธไธช
I use the BitgetWallet private keyless wallet, so I can't import it into other wallets
Mr. Lin
It's the first time that I've encountered users using Bitget wallet and having issues with claiming rewards.
Would you like to try and use rabby wallet instead?
Mr. Lin
I tested the dAPP website just now, and I can claim my rewards.
่็ไธไธช
i USE bitgetwallet
I just want to claim the USUAL reward, but nothing happens when I click on the confirmation buttonMava (AI Support)
Please ensure that you are on the correct website,
Mava AI Beta่็ไธไธช
I just want to claim the USUAL reward, but nothing happens when I click on the confirmation button
Mr. Lin
Are you using metamask?
clear cookies๏ผoff VPN๏ผRe-login to the wallet
I have tried these methods, but they don't work.Mr. Lin
Hi, did you stake USD0++ or $USUAL?
่็ไธไธช
Any other suggestions?
clear cookies๏ผoff VPN๏ผRe-login to the wallet I have tried these methods, but they don't work.
UmeshSinghal ๐ฎ๐ณ
Dear Mr. lin I want to know when Gal xe reward distribution start
Lucky Boy
Fake as low volume pump DOUBLE TOP!
Mr. Lin
https://discord.com/channels/1106588534871179280/1107144153076347022/1322099615637442652
Mila Jack
Why is it still zero on day eight?
smartserial201
@่็ไธไธช off it and try
่็ไธไธช
YES๏ผVPN is on
Is it possible that everyone has never encountered this problem, but I am the only one who has?
smartserial201
@่็ไธไธช you on vpn
่็ไธไธช
I waited for half a month but couldn't get the reward.
Dude I can't claim my rewards. I was told to clear cookies and cache (in TG)I have tried all the methods then the claim button showed up. But I can claim only like 0.1% of my rewards. Now the claim button is disabled again It's basic features that should work flawlessly
Lucky Boy
Lol usual is a gift that keeps on giving man its like frc but in crypto form
่็ไธไธช
้ฑๅ ่ฟๆ90ๅคๆU ETH๏ผไฝไธบGAS๏ผ
famousfxck
Bro youโre exhausting the bot ๐๐
Mava (AI Support)
You can find the number of burned USUAL tokens by checking the smart contract on Etherscan. The specific contract address for USUAL tokens can be accessed here: [Etherscan](https://etherscan.io/address/[redacted wallet address]#readProxyContract). Reference: [1](https://etherscan.io/address/[redacted wallet address]#readProxyContract)
Mava AI BetaLucky Boy
@Mava (AI Support) where to find the number of burned usual tokens?
Lucky Boy
@Mava (AI Support) how much usual is burned from circulation?
ๅธๅๆดๅทด
ไฝ ้ฑๅ ๆฒก่ถณๅค็ETHๅง๏ผ้่ฆgas่ดน็จ3๐ฒ
่็ไธไธช
claim rewards is not working now?
Gunner funk
Hope general public doesn't think USUAL is the stabel coin ๐
Jappix
Are the staking rewards for USD0 in USD0++ paid in USUAL or directly in USD0?
Lucky Boy
Usual is a gift that keeps on giving.
Usual
่็ไธไธช
Has anyone encountered a similar situation? Can anyone tell me how to deal with it?
Mava (AI Support)
Usual has conducted comprehensive stress tests to prepare for potential black swan events, such as extreme interest rate rises. These tests simulate scenarios that surpass historical extremes to ensure the protocol's resilience. The DAO has the flexibility to allocate funds to manage such events, potentially using the insurance fund to stabilize the protocol. This approach helps mitigate risks and maintain the protocol's stability during unforeseen circumstances.
Mava AI BetaWhenever I click claim rewards and the pop-up appears to pay the gas fee, I cannot click to confirm (no response)Mava (AI Support)
Please ensure that you are on the Ethereum network and have enough ETH in your wallet to cover the gas fees. Also, try clearing your cache and cookies, and ensure your browser and wallet extensions are up to date. If the issue persists, try switching networks in your wallet and then switching back to Ethereum.
Mava AI BetaLucky Boy
@Mava (AI Support) what will happen to usual in case of black swan event?
Lucky Boy
@Mava (AI Support) black swan event usual?
louixiii
There is announcement tomorrow?
TKD
Weid
Lucky Boy
i just want to take profit without selling. In stock before i do puts
Mava (AI Support)
Usual is called a stablecoin because it issues USD0, which is a stablecoin pegged to the US dollar. USD0 is backed by real-world assets like U.S. Treasury bills, making it stable and secure. This ensures that its value remains consistent, similar to traditional stablecoins like USDC or USDT. Reference: 1
Mava AI Beta่็ไธไธช
YES๏ผon ETH
marcelloams
Noob question but why is Usual called a stablecoin?
famousfxck
Itโs kind of hedging
Stake and swap, all operations are normal, I have tried them all, no problem
Only when I click claim rewards and the pop-up pops up to pay gas, there is no responseTKD
Is your wallet on the right chain?
Lucky Boy
Not at this early stage of frc scenario ๐คฃ
famousfxck
https://tenor.com/view/betmore-money-wasted-buy-gif-21033443
smartserial201
stake more
famousfxck
Bro stake more tbh
่็ไธไธช
But I still have enough ETH gas in my wallet
Stake and swap, all operations are normal, I have tried them all, no problem
Only when I click claim rewards and the pop-up pops up to pay gas, there is no responseMava (AI Support)
It seems like you're experiencing an issue when trying to claim rewards. Please ensure that you have enough ETH in your wallet to cover the gas fees. If the issue persists, try clearing your browser cache and cookies, or switching to a different browser. If none of these solutions work, please let me know, and I can ask a human for further assistance.
Mava AI Beta่็ไธไธช
Stake and swap, all operations are normal, I have tried them all, no problem Only when I click claim rewards and the pop-up pops up to pay gas, there is no response
ANDRONYNE
Who cares? If people think it is right to sell, then they should sell.
Whenever I click on Claim rewards, a pop-up appears asking me to pay โETH gasโ, but I canโt click to confirm (nothing happens).Mava (AI Support)
Please ensure that you are on the Ethereum network in your wallet and that you have enough ETH to cover the gas fees. If the issue persists, try clearing your cache and cookies, and then refresh the page. If you're still facing issues, consider switching to a different browser or device.
Mava AI BetaLucky Boy
I just double topping tripple topping but not selling my coin. I sell coins o borrow
่็ไธไธช
Whenever I click on Claim rewards, a pop-up appears asking me to pay โETH gasโ, but I canโt click to confirm (nothing happens).
I have a bug to report. When I click Claim rewards on the Earn, the gas payment pops up and I cannot click "Confirm".Mava (AI Support)
Thank you for reporting this issue. Could you please check if you are on the Ethereum network in your wallet and ensure you have enough ETH to cover the gas fees? If the issue persists, please try clearing your cache and cookies or switching browsers. If none of these steps work, I can escalate this issue to a human support agent for further assistance.
Mava AI Beta่็ไธไธช
I have a bug to report. When I click Claim rewards on the Earn, the gas payment pops up and I cannot click "Confirm".
Lucky Boy
Around 1500 is staked.
Lucky Boy
I only have 30k coins man
Nuwan Dimuthu
Checker link ?
Zugor
Bro, trying to shame me? Predicting and taking peofit is s shameful? ๐
Nuwan Dimuthu
How to ?
famousfxck
We havenโt even been 2 weeks since TGE, crazy paperhands
Lucky Boy
Good bot thanks
famousfxck
Buddy your whole bag is what I earn from staking in couple days
@Mava (AI Support) the tokens that are burned are removed in the total supply and circulating supply?Mava (AI Support)
Yes, when tokens are burned, they are typically removed from both the total supply and the circulating supply. This process reduces the overall number of tokens available, which can potentially increase the value of the remaining tokens.
Mava AI BetaLucky Boy
@Mava (AI Support) the tokens that are burned are removed in the total supply and circulating supply?
Zugor
Making a good decision! Not papaerhands. ๐ฅณ
Zugor
Nope, I see where is this going
Mava (AI Support)
You can find information about the number of USUAL tokens burned by checking the smart contracts on the blockchain. This information is typically available on platforms like Etherscan where you can view the transaction history and details of token burns. Reference: [1](https://etherscan.io/address/[redacted wallet address]#readProxyContract)
Mava AI BetaLucky Boy
@Mava (AI Support) where to find how many usual tokens are burned?
famousfxck
Paperhands ๐ญ
Mava (AI Support)
USUAL tokens are burned as a control mechanism for managing the supply of USUAL tokens in the system. The USUAL_BURN role has the authority to burn USUAL tokens from any address, ensuring proper supply management during redemptions, liquidations, or other protocol operations that require token destruction. This role is typically assigned to protocol-controlled contracts. Reference: 1
Mava AI BetaLucky Boy
@Mava (AI Support) how usual is burned?
Nuwan Dimuthu
Can ga lxe p a rticipants check aird rop?
Zugor
I just unstaked and sold it. This is annoying. Goodbye Y'all
ANDRONYNE
Which?
famousfxck
Itโs 10% on whatever you want to unstake
Nuwan Dimuthu
Great project
famousfxck
You can swap it on DEX for cheaper rates
marcelloams
that's crazyyy
ANDRONYNE
On how much principal?
famousfxck
Since max staking 5 days ago, Iโve made 1.6K Usual ๐ซก
marcelloams
Damn I thought 10% fee was only for the rewards not the entire amount staked๐ญ
ANDRONYNE
When does the cycle begin?
ANDRONYNE
How long does it take for your rewards to show up on the website after you buy usd0++?
Mava (AI Support)
The unstaking fee is currently set at 10% of the unstaked amount. This fee is redistributed to those who continue staking, rewarding long-term behavior. The fee is designed to decrease over time.
Mava AI Betamarcelloams
Will the unstaking fee always be 10%?? It's too high
Asr0f1
๐
How come my USUAL(before UNSTAKING fees) is reducing, 1st pic is tdy. 2nd pic was 26th Dec and last pic was 25th Dec.marcelloams
Same, just checked mine, yesterday was 1,325 now its 1,316
youdi
Is there a way for us to track the peg rate between xusual to usual ?
It should be 1.10 minimum but yeah USUALx is basically the staked version so it should always be more valuablefredchan17999
Ty for the information, hope USUALX will be more valueable
Isnโt usualx always getting valued more than usual. Earlier it was 1 usualx = 1.11 usual now 1 usualx= 1.09 usual. Shouldnโt get higher only?famousfxck
@Noรฉ delete this spam
Asr0f1
https://x.com/MeshchainAi/status/1866798291653939413?t=podZ6Xfao06zDaSUNZkMdA&s=33
 on X_.8a1a568d-8edf-446e-bacf-520173d7f426.png)
Twitter โข 12/11/2024 05:52:50 EST
Lucky Boy
Triple top
i0sm3
Isnโt usualx always getting valued more than usual. Earlier it was 1 usualx = 1.11 usual now 1 usualx= 1.09 usual. Shouldnโt get higher only?
BingChilling
yeah usually weekend low volume = gas fee cheap
ANDRONYNE
That's true. I usually don't use Eth. Forgot about gas being actually atrocious
BingChilling
for usd0++ usual reward claim when gas fee is low
because usualx is compounded
usd0++ reward u need manual claim
they will revamp the UI after new yearANDRONYNE
Is the best strategy to claim daily and to stake the usual reward?
Does it make a difference how often should I claim $usual rewards? Ie. If I don't claim and let it sit there, does it compound further?
If it compounds , What APY are they compounded over time, since they aren't $UsualX (staked $usual) ?nihilistic button clicker
@BingChilling do u know this?
I donโt understand why they just donโt show the staking reward like what is done with USD0BingChilling
because usualx is compounded usd0++ reward u need manual claim they will revamp the UI after new year
Caesar ๐๐
Anyone here did a valuation model for Usual vs TVL?
I donโt understand why they just donโt show the staking reward like what is done with USD0
Mava (AI Support)
To view your USUAL staking rewards, simulate an unstake. The withdrawal amount will include your rewards, minus a 10% unstaking fee. Your vault share increases in worth over time, allowing you to withdraw more than you initially deposited.
Mava AI BetaCaesar ๐๐
How can I see my Usual staking reward? It shows 0.
ANDRONYNE
What is usualx?
Anyone can help me to understand why dbank give me a different number with USUAL dapp on my staking USUAL tokens returned?Mava (AI Support)
The difference in numbers between dBank and the USUAL dApp could be due to the way USUALx works. USUALx acts like a vault share, meaning rewards are reflected directly in its value. Unlike USD0++ rewards, they donโt appear as 'Pending Rewards.' Therefore, the amount you can unstake increases over time as rewards accumulate, which might not be immediately reflected in dBank.
Mava AI BetaAnyone can help me to understand why dbank give me a different number with USUAL dapp on my staking USUAL tokens returned?Usual
fredchan17999
Anyone can help me to understand why dbank give me a different number with USUAL dapp on my staking USUAL tokens returned?
Mava (AI Support)
During the lock-up period, USD0++ accrues USUAL rewards daily as new USUAL is minted and distributed. Users can claim their USUAL rewards at any time. The exact amount of USUAL provided depends on the protocol's distribution mechanisms and performance indicators.
Mava AI BetaANDRONYNE
How much Usual is provided during the lock up period?
treebeard
No, usual is claimable daily
Mava (AI Support)
USD0++ is a staked version of USD0 that is locked for a maturity period of four years. However, you can sell USD0++ for USD0 anytime on the secondary market with minimal slippage. At the end of the maturity period, you can fully unlock the USD0 from your USD0++. Additionally, USD0++ provides rewards in USUAL tokens during the lock period.
Mava AI BetaANDRONYNE
So you are paid out after 4 years? And get nothing until four years?
What is the risk free yield? So I am paid in both? Risk free plus Usual, and I can decide to take the usual or replace it for usd0 at a loss? Am I understanding this correctly?Mava (AI Support)
The risk-free yield refers to the minimum yield guaranteed by the Base Interest Guarantee (BIG) mechanism, which is equivalent to the yield of the USD0 collateral. USD0++ holders can choose to lock their tokens for a specified period to secure this yield. At the end of the locking period, you can choose to claim your yield in the form of $USUAL tokens or the risk-free yield in USD0. If you choose to unlock your USD0++ before the period ends, you forfeit access to the accumulated yield. You are not paid in both simultaneously; you choose between $USUAL tokens or USD0 at the end of the locking period. References: 1,2
Mava AI BetaANDRONYNE
What is the risk free yield? So I am paid in both? Risk free plus Usual, and I can decide to take the usual or replace it for usd0 at a loss? Am I understanding this correctly?
What percentage of the yield is in Usual tokens?
Mava (AI Support)
USD0++ provides daily yield distribution in $USUAL tokens, with a variable rate based on market price. It guarantees a floor yield in USD0, matching the risk-free yield. Users can choose to claim yield in either $USUAL or USD0. Reference: 1
Mava AI BetaANDRONYNE
How does the yield for usd0++ work?
Fire
When will the first Dao vote?
treebeard
It's explained in the pinned messages
Lucky Boy
Double top!
Zugor
I don't understand ๐ญ
How come my USUAL(before UNSTAKING fees) is reducing, 1st pic is tdy. 2nd pic was 26th Dec and last pic was 25th Dec.famousfxck
Because youโre first trying to unstake through secondary and then on primary
How come my USUAL(before UNSTAKING fees) is reducing, 1st pic is tdy. 2nd pic was 26th Dec and last pic was 25th Dec.Zugor
BUMP!!!
Does it make a difference how often should I claim $usual rewards? Ie. If I don't claim and let it sit there, does it compound further? Thanks.nihilistic button clicker
Does it make a difference how often should I claim $usual rewards? Ie. If I don't claim and let it sit there, does it compound further? If it compounds , What APY are they compounded over time, since they aren't $UsualX (staked $usual) ?
Does it make a difference how often should I claim $usual rewards? Ie. If I don't claim and let it sit there, does it compound further? Thanks.Mava (AI Support)
You are not required to claim your rewards frequently. You can let them accumulate on your dashboard, and they will compound over time. This means that your rewards will continue to grow even if you don't claim them immediately.
Mava AI Betanihilistic button clicker
Does it make a difference how often should I claim $usual rewards? Ie. If I don't claim and let it sit there, does it compound further? Thanks.
Matthew T ๐
12/28/2024 at 22:55:21 ESTcheck
Zugor
Yeah
Matthew T ๐
12/28/2024 at 22:54:40 ESTThat's not good @Zugor
USUALX price will always higher then USUAL right? @Mava (AI Support) sorry if itโs not good questionMava (AI Support)
USUALx acts like a vault share, representing your share of the vault and rewards. The value of USUALx increases as rewards accumulate, but it doesn't directly translate to a higher price compared to USUAL. Instead, it reflects the accumulated rewards over time.
Mava AI Betafredchan17999
USUALX price will always higher then USUAL right? @Mava (AI Support) sorry if itโs not good question
rAiiNbOwZz/Mike
Usd0 should use the current situation of usdt to it s advantage and list :p
republicmusic
say is there a lock up time on staking usual and unstaking usualx?
hi
rAiiNbOwZz/Mike
When will usd0 be listed on binance?
Is there a stop to circulating supply in the next weeks or will it continually grow by +\- 20M a day til the 4B supply?Mava (AI Support)
The circulating supply of USUAL is dynamic and depends on various factors such as TVL and price. The minting rate is designed to distribute the supply over four years, but the actual daily increase can vary. There is no fixed daily increase of 20M, and the supply will not necessarily grow at a constant rate until it reaches 4B. References: 1
Mava AI BetarAiiNbOwZz/Mike
Is there a stop to circulating supply in the next weeks or will it continually grow by +\- 20M a day til the 4B supply?
Azzam
Wen Usual X Berachain pre deposit?
SatoshiXXX
Try checking at debank, their number is more accurate
Buonvichimbu
hii
Mava (AI Support)
Usual dApp is specifically designed to integrate Real-World Assets (RWAs) with DeFi, offering unique features like USD0 stablecoin and USD0++ for enhanced yields. It focuses on decentralization, governance, and yield mechanisms. On the other hand, dbank might have different features and focus areas, such as traditional banking services or other financial products. The key difference lies in Usual's emphasis on DeFi and RWAs.
Mava AI Betafredchan17999
Why itโs different between dbank and usual dapp @Mava (AI Support)
CongQ
be careful for phising sites when u try to stake tho, only use links from # ๐ใofficial-links
Marconi
is it possible to stake Usual on binance?
i0sm3
Nope
Mava (AI Support)
When you stake USUAL into USUALx, you receive USUALx tokens which act like a vault share, representing your share of the vault and rewards. The conversion rate is not 1:1 because USUALx is proportional to your share of the rewards, not the notional value. This means you might receive fewer USUALx tokens initially, but the value is based on your share of the staking rewards.
Mava AI Betai0sm3
Why do we lose many usual when we stake to usualx
Mava (AI Support)
Yes, users can earn rewards by participating in the MIM cauldron. By leveraging USD0++ as collateral in Abracadabra's isolated lending markets, known as cauldrons, users can increase their exposure and potentially earn rewards.
Mava AI Beta
nyandoggo
does mim cauldron still earn usual?
Mava (AI Support)
No, you can't claim your Pills Campaign allocation on Arbitrum - only Ethereum. The Arbitrum option is only for Galxe participants, as their allocations are lower, and this will only be enabled in around a week.
Mava AI Beta
esi
What about stakers? Cant we claim on arbitrum?
esi
Wen we can claim on arbitrum????
CongQ
Very technical, 10/10 would trust again
when i can feel that my staking of usual to have usualx is profitable if i'm not seeing the rewards ? so when i sell my usual x i will back to the same amount i invested by stacking ?Mava (AI Support)
When you stake USUAL into USUALx, your rewards are reflected in the increased value of your USUALx over time. You won't see separate rewards, but your USUALx will be worth more when you unstake. To check your accumulated rewards, simulate an unstake; the conversion from USUALx to USUAL will show your gains. Keep in mind there is a 10% unstaking fee.
Mava AI BetaRochdi
when i can feel that my staking of usual to have usualx is profitable if i'm not seeing the rewards ? so when i sell my usual x i will back to the same amount i invested by stacking ?
Lucky Boy
Usual is like a gift that keeps on giving ๐
Mava (AI Support)
USUALx works as a vault share, meaning rewards are reflected directly in its value. Unlike USD0++ rewards, they donโt appear as 'Pending Rewards.' This means that while you may not see rewards as a separate balance, they are automatically compounded into your USUALx position, increasing its value over time.
Mava AI BetaRochdi
Hi guys. Its now been 8 days since I got usualx and rewards now say 0? Whats the problem
Mahashmashana
regarding USD0++, are rewards still earned on usual.money if USD0++ is supplied as collateral on Euler?
Hossein7emo
This Is Which Dex?
@Mava (AI Support) Yield is generated from the protocol's revenue and is distributed to users who hold USD0++. So there is no distribution for Usualx holder ?Mava (AI Support)
USUALx holders do receive benefits. When you stake your USUAL tokens to get USUALx, you are entitled to receive 10% of all newly issued USUAL tokens. This incentivizes long-term holding and participation in the protocol.
Mava AI Beta
EnigmaticKraken
@Mava (AI Support) Yield is generated from the protocol's revenue and is distributed to users who hold USD0++. So there is no distribution for Usualx holder ?
Lucky Boy
0.04u
Lol
t1notbot
Hi. What is contract adress usualx? On uniswap its a real token?
Breno
Thanks for the infos
I see Usual share yield with community different from Tether and USDC. How is this Yield delivered? Through Staking only?
Cortina
The underlying yields go to a Treasury wallet. Currently has 16M and is earning at a rate of 72M per year. These funds are controlled by USUAL token holders and could be used to buy back USUAL, pay dividends, etc. When you own USD0++, you receive USUAL as rewards/yield. So the USD0++ yield rate in dollar terms fluctuates based on the price of USUAL.
Lucky Boy
Triple top
I see Usual share yield with community different from Tether and USDC. How is this Yield delivered? Through Staking only?Mava (AI Support)
Usual delivers yield through its USD0++ product, which is a staked version of USD0. When you stake USD0 into USD0++, you earn yield in the form of $USUAL tokens. This yield is generated from the protocol's revenue and is distributed to users who hold USD0++. Additionally, $USUAL tokens can be staked to earn further rewards, including a share of newly minted $USUAL tokens. References: 1,2
Mava AI Beta
Breno
I see Usual share yield with community different from Tether and USDC. How is this Yield delivered? Through Staking only?
Mava (AI Support)
Yes, the yield in $USUAL, which is the revenue-based token, will be claimable during the airdrop along with your allocation. This means that after the Pills Campaign, you will directly earn yield in $USUAL, and it will be available for claiming during the airdrop event.
Mava AI Beta
BRNDN
Yield will be claimable during the airdrop? Huh
Mava (AI Support)
There is no Season 2: the Pills Campaign has ended, and from now on you'll directly earn yield in $USUAL, our revenue-based token. That yield will be claimable during the airdrop, along with your allocation.
Mava AI BetaBRNDN
Is there a season 2 to USUAL airdrop campaign?
Breno
Even in mobile app
Breno
Now I see in mine the UsualX value is higher than Usual before unstaking fee
1. New protocol
2. Nobody knows these guys, 1 month ago they were noname green candy dollar
3. Whales govern DeFi the same way big fat banks govern the real world
Dooku
I think that's better to go USD0++ as for me. Because I think 1$ = 1$ of US Treasuries locked for 4 years as for me
1. New protocol
2. Nobody knows these guys, 1 month ago they were noname green candy dollar
3. Whales govern DeFi the same way big fat banks govern the real worldDooku
Like if I bought 10000$ of US Treasuries and they are gaining yield I could easily sell them for 10000$ any time. Because they are a lot of investors who will easily buy my US Treasuries to get my yield because they have enough cash to wait for yield
Federal reserve prints USD for the US government. US government provides US Treasuries to pay for issued USD. Than USUAL gets cash and buys US Treasuries. US Treasuries are the most secure assets in the whole world. US Treasuries actually used by countries and accounted as reserves. US government always pay for US treasuries so that's near 0 risk. USDC, USD0, USD0++ are all backed by US Treasuries which might be sold with very low discount. Backing is the same everywhere. So risk is the same for all tokens. If risks are same there is sense in always using USD0++ to my mindGrpprofesional
1. New protocol 2. Nobody knows these guys, 1 month ago they were noname green candy dollar 3. Whales govern DeFi the same way big fat banks govern the real world
Breno
Hmmm okay, thanks
Dooku
Federal reserve prints USD for the US government. US government provides US Treasuries to pay for issued USD. Than USUAL gets cash and buys US Treasuries. US Treasuries are the most secure assets in the whole world. US Treasuries actually used by countries and accounted as reserves. US government always pay for US treasuries so that's near 0 risk. USDC, USD0, USD0++ are all backed by US Treasuries which might be sold with very low discount. Backing is the same everywhere. So risk is the same for all tokens. If risks are same there is sense in always using USD0++ to my mind
Grpprofesional
It is if you go to unstaking tab, but u gotta use desktop, not mobile
Breno
For transparency
Breno
It could be visible in Usual platform. I donโt know why itโs not.
Its still not making sense really, my UsualX is the exact same value as it was at the start, but maybe thats because im breakeven with the 10% unstake fee atmGrpprofesional
Use debank or rabby wallet and you'll see the value shift or try checking on a DEX
Breno
Cool, Usual growth with more than 300% APY looks awesome
Grpprofesional
Yes if USUAL price goes up USUAL.x price will go up proportionally
BRNDN
Well yeah since its tied to USUAL lol
@Mava (AI Support) same pendle lp usd0++ pool 2 different position can zap out in 1 proccess ? no any extra feeMava (AI Support)
No, zapping out of the Pendle LP USD0++ pool will incur a fee, which depends on the Ethereum network's current gas fees. Combining two positions into one process will not eliminate this fee.
Mava AI BetaCryCasher
@Mava (AI Support) same pendle lp usd0++ pool 2 different position can zap out in 1 proccess ? no any extra fee
BRNDN
Its still not making sense really, my UsualX is the exact same value as it was at the start, but maybe thats because im breakeven with the 10% unstake fee atm
The price of USUAL.x is directly related to the price of USUAL
so if you hold 100 USUAL.x and the price of USUAL spikes, so it will USUAL.x, because USUAL.x holds inside of itself a bit more USUAL than its own numberic value.
example screenshot, I own 135 USUAL.x, but my Rabby wallet shows me how many USUAL there is inside of itBreno
Okay, so you confirm that if Usual grows 10x, UsualX will grows 10x + extra growth?
BRNDN
Legend ty
Hi guys. Its now been 8 days since I got usualx and rewards now say 0? Whats the problem @GrpprofesionalI don't understand conditions for market to estimate USD0++ and USD0 different than 0. Because to my mind USD = US Treasuries = USD0 = USD0++Mava (AI Support)
USD0 is a stablecoin fully backed 1:1 by Real-World Assets like US Treasury Bills, providing stability and security. USD0++ is a liquid staking version of USD0, which acts like a savings account with a 4-year lock-up, offering rewards in USUAL tokens. The market may value USD0++ differently due to its maturity and the potential for additional rewards, which introduces volatility. USD0++ has access to the underlying risk-free yield through mechanisms like the Base Interest Guarantee (BIG), ensuring a fair price at parity with USD0 under certain conditions. References: 1,2
Mava AI BetaDooku
I don't understand conditions for market to estimate USD0++ and USD0 different than 0. Because to my mind USD = US Treasuries = USD0 = USD0++
Hi guys. Its now been 8 days since I got usualx and rewards now say 0? Whats the problem @GrpprofesionalBRNDN
Or anyone for that matter
Dooku
Actually both tokens are backed by US Treasuries. Both might be used for paying for goods and services. USD0 just doesn't bear any yield
Grpprofesional
Speculation too
USD0 and USD0++ have the same backing. I just don't understand why market might estimate USD0++ lower than USD0Grpprofesional
Demand/offer
Dooku
USD0 and USD0++ have the same backing. I just don't understand why market might estimate USD0++ lower than USD0
Grpprofesional
The price of USUAL.x is directly related to the price of USUAL so if you hold 100 USUAL.x and the price of USUAL spikes, so it will USUAL.x, because USUAL.x holds inside of itself a bit more USUAL than its own numberic value. example screenshot, I own 135 USUAL.x, but my Rabby wallet shows me how many USUAL there is inside of it
Breno
So holding UsualX we earn with the growth of Usual and the APY of UsualX? In this case of Usual grows 10x, UsualX would grow 10x + APY, right?
BRNDN
I was expecting to see an activation after 7 days. But nothing
Hi guys. Its now been 8 days since I got usualx and rewards now say 0? Whats the problem @Grpprofesional
Not necessarily, since usd0++ is 4 year locked usd0, it could trade below a dollar. But there are a few mechanisms for early redemption, etc. that are detailed in the docs/whitepaper. Id read through those firstDooku
May USD0++ go lower more than 0.02$?
Mava (AI Support)
USUALx does not grow proportionally to USUAL in a fixed ratio like 10x. USUALx represents a share in the staking pool and its value is tied to the rewards and fees allocated to it. The growth of USUALx depends on the distribution of USUAL rewards and system fees, not directly on the growth of USUAL itself.
Mava AI BetaBreno
If Usual grows 2x in one day, does UsualX grow 10x proportionally?
Not necessarily, since usd0++ is 4 year locked usd0, it could trade below a dollar. But there are a few mechanisms for early redemption, etc. that are detailed in the docs/whitepaper. Id read through those firstDooku
Hmmm. 1inch shows me that 10000 USD0++ = 9986.49 USD0. It's actually 0.135% difference which is very low
treebeard
Not necessarily, since usd0++ is 4 year locked usd0, it could trade below a dollar. But there are a few mechanisms for early redemption, etc. that are detailed in the docs/whitepaper. Id read through those first
So I can actually use USD0++. Hold it and gain yield every day and pay people using it any timeGrpprofesional
Yes you can, yield accumulates on the USUAL dApp so be sure you keep checking on that. Also it takes 7 days for the yield to become claimable
Dooku
Both are equal to 1$ if I am right
My personal favourites are CoW Swap (you'll pay the gas with the same token so be aware of that)
and Balmy
Balmy is a DEX aggregator's aggregator
CoW has a unique system of "offchain solver broadcast"Breno
Cool, thanks for sharing
Dooku
So I can actually use USD0++. Hold it and gain yield every day and pay people using it any time
Grpprofesional
It's like holding a long position
Yes but it has a yield so you don't really want to give that away
Dooku
As far as I understood USD0++ might be also transferred to other wallets like USD0
Grpprofesional
Ok so if you go USD0, would be for the same purpose: have quick cash for paying stuff at fixed rate
Dooku
Yeah, USDC and USDT
Grpprofesional
Do you have any stablecoin on your wallet? Like some USDC/USDT/DAI?
Could you, please, explain me why people would go to USD0 over USD0++ if USD0++ provides more benefits and backed in the same way as USD0?Grpprofesional
If you go USD0 you'd use it to pay for stuff and what not if you go for USD0++ you'd hold it to get the yield
My personal favourites are CoW Swap (you'll pay the gas with the same token so be aware of that)
and Balmy
Balmy is a DEX aggregator's aggregator
CoW has a unique system of "offchain solver broadcast"Dooku
Could you, please, explain me why people would go to USD0 over USD0++ if USD0++ provides more benefits and backed in the same way as USD0?
Grpprofesional
My personal favourites are CoW Swap (you'll pay the gas with the same token so be aware of that) and Balmy Balmy is a DEX aggregator's aggregator CoW has a unique system of "offchain solver broadcast"
Breno
1 year is maybe too much haha
Yes, you receive 1 USUAL.x, you keep it
you come back 1 year after, exchange it for a sizeable amount of USUAL depending on growth.
unstaking has a 10% cost, so I'd try going DEX insteadBreno
Do you have a good DEX in mind for it?
Lucky Boy
Double top
Grpprofesional
Yes, you receive 1 USUAL.x, you keep it you come back 1 year after, exchange it for a sizeable amount of USUAL depending on growth. unstaking has a 10% cost, so I'd try going DEX instead
Breno
But this 1 will be more expensive/valueable
Breno
So if I receive 1 UsualX, I will always be 1 in my wallet, right?
Grpprofesional
Over time that delta will grow
Meaning 1 USUAL.x == 1.13 USUAL
Grpprofesional
USUAL.x increases in value respective to USUAL price I ran my numbers and since release USUAL.x has grown 13% respective of USUAL price
Breno
I did it yesterday and my UsualX didnโt increse value
Breno
When I stake Usual, with which frequency I see it updating UsualX value in my wallet?
YakovNFT
What is the TVL of the protocol?
Where can I see the USUAL token emissions and what proportion is driven by that vs. U.S. Treasury bills?Mava (AI Support)
The USUAL token emissions are determined by a daily mechanism that adjusts based on the protocol's performance indicators, such as TVL growth and interest rates. The emissions are allocated to on-chain vaults and off-chain participants. The emissions are influenced by the revenue generated from the underlying collateral, including U.S. Treasury bills. As the TVL grows, emissions are capped and decrease over time to prevent excessive inflation. The exact proportion driven by U.S. Treasury bills is not specified, but the emissions are directly related to the revenue generated by these assets. Reference: 1
Mava AI Beta
Is the positions amount size shown in Usual Dapp before the 10% unstaking fee or after the unstaking fee?YakovNFT
Where can I see the USUAL token emissions and what proportion is driven by that vs. U.S. Treasury bills?
moonshotcat
Is the positions amount size shown in Usual Dapp before the 10% unstaking fee or after the unstaking fee?
Mava (AI Support)
The 45% APR is calculated based on the yield generated from the protocol's activities, including the returns from Real-World Assets (RWAs) like U.S. Treasury bills, and the incentives provided by the USUAL token emissions. The APR reflects the annualized return on investment without considering the effects of compounding.
Mava AI BetaYakovNFT
How is the 45% APR calculated?
I bear same risk in USD0 and USD0++ because backing is same? Protocol gains profit from both of them? Why should I even think of using USD0 instead of holding all of my funds in USD0++?Mava (AI Support)
USD0 and USD0++ are both backed by the same Real-World Assets (RWAs), primarily U.S. Treasury Bills, which means they share similar backing and associated risks. However, USD0++ offers additional yield opportunities through staking, which USD0 does not. The protocol gains profit from both by utilizing the underlying assets to generate returns. You might consider using USD0 instead of USD0++ if you need more liquidity and flexibility, as USD0 is not locked and can be used for immediate transactions or as collateral in various DeFi protocols. USD0++ involves a lock-up period, which might not be suitable if you require quick access to your funds. References: 1,2
Mava AI BetaDooku
I bear same risk in USD0 and USD0++ because backing is same? Protocol gains profit from both of them? Why should I even think of using USD0 instead of holding all of my funds in USD0++?
Cryptoman4346
12/28/2024 at 17:01:52 ESTOk
If USD0 and USD0++ both backed in same way why should I even think about using USD0? What are use cases for both of them?Mava (AI Support)
USD0 is a stablecoin designed for secure and seamless use across the DeFi ecosystem, fully backed by US Treasury Bill tokens. It is used for trading, lending, or as collateral in DeFi. USD0++ is a staked version of USD0, offering additional yield and rewards in the form of $USUAL tokens. It is ideal for users looking to earn more from their holdings by staking USD0 for up to four years while still remaining liquid and tradable. References: 1,2
Mava AI BetaDooku
If USD0 and USD0++ both backed in same way why should I even think about using USD0? What are use cases for both of them?
Dooku
How USD0++ backed compared to USD0?
Mava (AI Support)
USD0 serves as a stablecoin within the Usual protocol, providing stability and security as it is backed 1:1 by Real-World Assets (RWAs) like U.S. Treasury bills. It acts as a payment method, trading counterparty, and collateral token. While USD0++ offers additional yield opportunities, USD0 itself is crucial for maintaining the stability and liquidity of the ecosystem. Reference: 1
Mava AI BetaDooku
So what is the purpose of USD0 if it's not giving benefits compared to USD0++?
Mava (AI Support)
USD0++ yield consists of daily yield distribution in $USUAL tokens, with a variable rate based on market price. It also guarantees a floor yield in USD0, matching the risk-free yield. Users have the choice to claim yield in either $USUAL or USD0. Reference: 1
Mava AI BetaDooku
What USD0++ yield consist of?
Dooku
Is USD0++ always equal to 1$?
How profit is being distributed to USD0++ holders? USD0++ grow in price over time or another way?Mava (AI Support)
USD0++ holders receive rewards in the form of $USUAL tokens. The growth and success of the protocol contribute to the benefits for USD0++ holders. Additionally, USD0++ features a mechanism called Base Interest Guarantee (BIG) to ensure a minimum yield. Reference: 1
Mava AI BetaDooku
How profit is being distributed to USD0++ holders? USD0++ grow in price over time or another way?
Mava (AI Support)
Dooku
What USD0++ actually is? Staked version of USD0?
But why give benefits only to USD0++ holders if USD0 is also backed by US Treasuries, so actually protocol gaining profit from USD0 and USD0++ holders but only USD0++ holders benefits from it?Mava (AI Support)
The earnings from USD0 are fully transferred to USD0++, meaning only those who hold or invest in USD0++ will receive returns. This structure is designed to incentivize investment in USD0++ by offering the benefits of protocol revenues and innovative reward mechanisms to its holders.
Mava AI BetaDooku
But why give benefits only to USD0++ holders if USD0 is also backed by US Treasuries, so actually protocol gaining profit from USD0 and USD0++ holders but only USD0++ holders benefits from it?
If USD0 backed by US treasuries and USD0++ also backed why only USD0++ holders getting yield from US Treasuries?Mava (AI Support)
USD0++ holders receive yield because USD0++ is an enhanced version of USD0 that includes additional benefits such as protocol revenues and ownership distribution through reward mechanisms. USD0 itself is a stablecoin backed by U.S. Treasury bills, but it does not include these additional yield-generating features. Reference: 1
Mava AI BetaDooku
If USD0 backed by US treasuries and USD0++ also backed why only USD0++ holders getting yield from US Treasuries?
The usual "between keybaord and chair" problem. I did not approve the transaction in my wallet app ๐Noรฉ
Hahaha it happens
glennbech
The usual "between keybaord and chair" problem. I did not approve the transaction in my wallet app ๐
Noรฉ
Youโll have to be hooked up to our twitter
is there somewhere to see a rough timeline for the next year, or at least the next few quarters?Noรฉ
Not at the moment unfortunately sir
No precise ETA but that should be up and running in early 2025, we just have to go through this holiday season.
First priority will be revamping the USUALx UI tho!unknown l
is there somewhere to see a rough timeline for the next year, or at least the next few quarters?
ไธๅฮนไธใฉฮน
12/28/2024 at 16:32:00 ESTok
Hey, I can't stake USUAL to USUAL+ on the usual.money site. Is this a known issue at the moment? I peek in the browser console and see a 502 errorNoรฉ
No known issue sir, try some classic troubleshooting
Noรฉ
CEXes tend to list (or not) independently from us, so I donโt know sir
glennbech
Hey, I can't stake USUAL to USUAL+ on the usual.money site. Is this a known issue at the moment? I peek in the browser console and see a 502 error
ไธๅฮนไธใฉฮน
12/28/2024 at 16:28:50 EST@Noรฉ last question, will USUAL be listed on coinbase?
ok
Noรฉ
nope sir
ไธๅฮนไธใฉฮน
12/28/2024 at 16:26:41 EST@Noรฉ Is there a date for USD0 entry into exchanges?
Lovely
so it's not outlandish to say "likely Q2 will have us on L2s and money markets"@Lucky Boy the bonds held as collateral are overnight repos, meaning they would not really be affected by hard price changes, in terms of valueไธๅฮนไธใฉฮน
12/28/2024 at 16:25:13 ESTIs there a date for USD0 entry into exchanges?
Noรฉ
@Lucky Boy the bonds held as collateral are overnight repos, meaning they would not really be affected by hard price changes, in terms of value
Lucky Boy
Good bot. its j powells money printer
Mava (AI Support)
If bonds become worthless due to actions by figures like J. Powell, it could negatively impact the value of Usual's collateral, which is primarily composed of tokenized US bonds and money market funds. This would affect the stability of the USD0 stablecoin. Usual manages this risk by employing strategies like 'duration' to measure and mitigate the impact of interest rate changes on bond prices. Additionally, Usual may implement future enhancements like automated reallocations to maintain risk-adjusted exposure. Reference: 1
Mava AI BetaLucky Boy
@Mava (AI Support) what happens when j powell makes the bonds worthless?
No precise ETA but that should be up and running in early 2025, we just have to go through this holiday season.
First priority will be revamping the USUALx UI tho!Grpprofesional
Lovely so it's not outlandish to say "likely Q2 will have us on L2s and money markets"
Mava (AI Support)
Usual's exposure to interest rates is primarily through its collateral, which consists of tokenized U.S. Treasury bills and money market funds. These are sensitive to interest rate changes. When interest rates rise, the value of these fixed-income securities typically decreases, which can impact the value of Usual's collateral. Usual manages this risk by using short-term maturities and employing a 'duration' metric to measure expected price fluctuations due to interest rate changes. Reference: 1
Mava AI BetaLucky Boy
@Mava (AI Support) what is usuals exposure to interest rates?
Grpprofesional
Would love to loop on them
@Noรฉ ETA for USUAL.x and USUAL to go live in Morpho/AAVE/COMP/SILO?
Interesting they don't let you short it on any of them 3
Grpprofesional
And on zerolend zerolend actually having profit somehow๐, you can leverage it up to 1.7 without having negative ROE
Noรฉ
x)
famousfxck
@Mava (AI Support) how do I get a girlfriend
Yes that's how leverage works bro
but also you would be paying a borrowing rate for the USDC so you'd need to regularly deposit more USD0++ or pay the USDC debt to avoid liquidation
alucard
You know that moment when you're making a sum account in your head and pull the calculator just to confirm? It was like that now for me lmao. Thanks mate!
ไธๅฮนไธใฉฮน
12/28/2024 at 16:12:13 ESTdoes anyone know if USUAL will be listed on coinbase?
I always recomend a tool called "contango" where you can do as many loops as possible in a single operation, asivng time, gas and headachesNoรฉ
There's also a strategy on Euler ๐
Grpprofesional
I can't post links here so you'll have to search for it yourself, called Contango.xyz
Lucky Boy
@Mava (AI Support) effect of a naked short in the usual token?
Grpprofesional
I always recomend a tool called "contango" where you can do as many loops as possible in a single operation, asivng time, gas and headaches
Noรฉ
x)
It's in AI but you also should write in english lmfao
Lucky Boy
@Mava (AI Support) naked shorting in usual token effect?
So the amount resulting from the various loops would be the total deposited in the morpho vault?
When Usual airdrop came did we have option to claim on Ethereum or wait a week and claim on Arbitrum?Noรฉ
No
Anu Rahman
I didnโt notice that. Thanks
ไธๅฮนไธใฉฮน
12/28/2024 at 16:03:25 ESTHi, question, will you list USUAL on coinbase?
alucard
your position of USUALX doesnt change, but when you unstake back to USUAL it will change
mehran๐ท
any news?
When Usual airdrop came did we have option to claim on Ethereum or wait a week and claim on Arbitrum?Mava (AI Support)
No, you couldn't claim your Pills Campaign allocation on Arbitrum initially - only on Ethereum. The Arbitrum option was only for Galxe participants, as their allocations were lower, and this was to be enabled around a week later.
Mava AI Betaalucard
So the amount resulting from the various loops would be the total deposited in the morpho vault?
LuBu๐ท
When Usual airdrop came did we have option to claim on Ethereum or wait a week and claim on Arbitrum?
Anu Rahman
Ok. But my position is same as when I stake. There is no change yet.
ไธๅฮนไธใฉฮน
12/28/2024 at 16:00:32 ESTHi, question, will you list USUAL on coinbase?
Mava (AI Support)
If bonds become worthless, it would negatively impact the value of Usual's collateral. Usual's protocol is designed to manage such risks by using tokenized US bonds and money market funds with short-term maturities. This strategy helps mitigate the impact of interest rate fluctuations and potential bond devaluation. Additionally, Usual employs risk management measures like 'duration' to assess and manage interest rate risks. Reference: 1
Mava AI BetaLucky Boy
@Mava (AI Support) what if bonds becomes worthless?
Guys, if i made a lot of loops on morpho using USD0++ and USDC with 500$, and the resulting ammout was 2000$, the 40% APY of USD0++ will it be applied in 500$ or 2000$alucard
Guys, if i made a lot of loops on morpho using USD0++ and USDC with 500$, and the resulting ammout was 2000$, the 40% APY of USD0++ will it be applied in 500$ or 2000$
Mava (AI Support)
Usual's exposure to interest rates is primarily through its collateral, which consists of tokenized US bonds and money market funds with short-term maturities. These investments are sensitive to interest rate fluctuations. To manage this risk, Usual employs 'duration,' a metric that measures the expected fluctuation in a bond's price due to changes in interest rates. Bonds with longer durations are more sensitive to interest rate changes, impacting their prices more significantly. Reference: 1
Mava AI BetaLucky Boy
@Mava (AI Support) whats your exposure to interest rates?
Hi,
Where we can find the rewards if stake usual to usualx. I saw in website there is a 7 day verification period before distribution begin. After 7 days where can I find the rewards.Mava (AI Support)
When you stake USUAL to USUALx, the rewards auto-compound into your USUALx position. There is no separate 'Pending Rewards' section for USUALx, unlike USD0++. Therefore, you will see the rewards reflected in your USUALx balance.
Mava AI BetaAnu Rahman
Hi, Where we can find the rewards if stake usual to usualx. I saw in website there is a 7 day verification period before distribution begin. After 7 days where can I find the rewards.
CryCasher
right?
@CongQ mate
Lucky Boy
In binance and bitget, kucoin
@Mava (AI Support) if i stake 1000 usual into usualx today mean in next 100 day when i unstake i will get more usual right?CongQ
Yep
CryCasher
@CongQ
@Mava (AI Support) if i stake 1000 usual into usualx today mean in next 100 day when i unstake i will get more usual right?Mava (AI Support)
Yes, when you stake USUAL into USUALx, you receive a share of the staking rewards. Over time, this share will increase, allowing you to withdraw more USUAL when you unstake, reflecting the accumulated rewards.
Mava AI Betanew
@Mava (AI Support) if i stake 1000 usual into usualx today mean in next 100 day when i unstake i will get more usual right?
Mava (AI Support)
The price ratio between USUAL and USUALx does not change in terms of notional value. USUALx acts like a vault share, representing your share of the vault and rewards. The notional (dollar) value remains the same, but the amount of USUAL you can unstake with USUALx may increase over time due to rewards.
Mava AI Betanew
@Mava (AI Support) will usual price : usualx change?
Mava (AI Support)
The conversion rate between USUAL and USUALx is not 1:1 because USUALx acts like a vault-share. This means it's proportional to your share of the rewards, which can result in a conversion rate like 1:0.88.
Mava AI BetaCryCasher
LP
new
@Mava (AI Support) why when i stake 1 usual get only 0.88 usualx
CongQ
YT rewards?
CryCasher
thanks mate but im on pendle
CongQ
But u can see it after 24hrs
CryCasher
really oh okay
CongQ
You can claim the first dayโs reward after 7 days
CryCasher
noo t+1 :((
@Mava (AI Support) For the 24-hour calculation period, is the first 24 hours paid after T+1 or is it free?Mava (AI Support)
The rewards for USD0++ are distributed at the end of each 24-hour cycle. This means that the rewards are calculated and distributed after the completion of each cycle, not before. Therefore, the first 24 hours are not free; they are part of the cycle that determines the rewards.
Mava AI BetaCryCasher
@Mava (AI Support) For the 24-hour calculation period, is the first 24 hours paid after T+1 or is it free?
@Mava (AI Support) Since the rewards are calculated within the first 24-hour period, the rewards will start to be distributed after T+1, right?CongQ
T+7
CryCasher
@Mava (AI Support) Is it free for the first 24 hours?
@Mava (AI Support) Since the rewards are calculated within the first 24-hour period, the rewards will start to be distributed after T+1, right?CryCasher
@Mava (AI Support) Since the rewards are calculated within the first 24-hour period, the rewards will start to be distributed after T+1, right?
@Mava (AI Support) first yield of usd0++ is non paid in 24 hours so thats mean 24 hours is freeCryCasher
@Mava (AI Support) first yield of usd0++ is non paid in 24 hours so thats mean 24 hours is free
ravished
i don't even know where you could borrow usual right now
ravished
id much rather have supply in circulation than in the teams hands
Lucky Boy
Imagine pissing of the gintrux guy from yesterday and dumps all with sixtuple top yesterday ๐คฃ
Lucky Boy
They stage the price so retail fomo and buys in then dumps it
Grpprofesional
Then buy again
Whales usually do that when price peaks
CryCasher
oh okay
Lucky Boy
Yeah a couple of billionaire can borrow half of the 500m and sell short
Lucky Boy
Well too bad for them theyll see there assets go and cant sell
Lucky Boy
Bro what are talking about market cap is only 515m
famousfxck
Lmao 30% almost is staked
CryCasher
i think there is billion usual coin on whale :D
oh u mean billionaires
Lucky Boy
To short half of it a couple billionaires can just borrow half of the market cap and sell
CryCasher
there is only 500 million supply u saying couple billion
what
Lucky Boy
@famousfxck maybe its that Chinese guy from yesterday that got pissed
Lucky Boy
@CryCasher what more scary is its only 515m market cap right now theres a lot of whales in binance with a couple a billion or more. What if they just borrow and sold half of that.. ๐คฃ
Lucky Boy
Told you sixtuple top!
famousfxck
It doesnโt even make sense to market dump it all
CryCasher
and whales ,,,
CryCasher
the launchpool
famousfxck
Binance whales got us by the balls
famousfxck
Yeah not looking good
Grpprofesional
PT only changes respective to YT on the market, but the moment you buy it, the price is guaranteed at maturity
famousfxck
Because they donโt
USD0++ is a very great product though
Usual went down -10% like twice lol
CryCasher
why others coin not providing %360 apy
famousfxck
Like most coins only went down -10% during this drawdown
Lots of holders on stress, Usual is acting very differently compared to other coins
CryCasher
yeah
famousfxck
YT is basically leverage long on coins
If YT goes down, so does PT
Yeah
CryCasher
or the all market
famousfxck
Usual is acting very irregular
CryCasher
is usual price down reason panic sell?
famousfxck
Price action is a bit unfortunate but it is what it is I guess
CryCasher
ahahaa
famousfxck
I sold for like 600$ loss, and then bought Usual at 1.22$ double rekt ๐
CryCasher
the all market down
famousfxck
At 30% rn, was at 43%
CryCasher
yea
famousfxck
Yield for USD0++ on Pendle went down a lot
treebeard
Probably yes, but that can be variable based on how much of the LP is in PT vs SY, and also the vePendle boost
CryCasher
thanks mate
famousfxck
LP yield is total APY for the LP
@Mava (AI Support) i opened a lp position the apy is saying %35.9 but current implied yield is %20.9 which one is i am earningfamousfxck
Implied yield= PT
CryCasher
so i am getting %35 right?
@Mava (AI Support) i opened a lp position the apy is saying %35.9 but current implied yield is %20.9 which one is i am earningtreebeard
The 35% one, implied yield is basically the pt/yt market price
@Mava (AI Support) i opened a lp position the apy is saying %35.9 but current implied yield is %20.9 which one is i am earningGrpprofesional
Implied is for when you're holding PT
CryCasher
pendle doesnt have ai and no human online
:(
Noรฉ
ask Pendle sir
How would the AI know about Pendle
CryCasher
@Mava (AI Support) i opened a lp position the apy is saying %35.9 but current implied yield is %20.9 which one is i am earning
Jappix
Thank you bot
I can't understand whether, by staking USD0, currently at around 40% APY, I can exit the investment at any time by converting USD0++ back into USD0, or if USD0++ is locked for a certain period of time.
The bot is not particularly clear in providing answers.Mava (AI Support)
When you exchange USD0 for USD0++, you are essentially locking/staking USD0 for 4 years. However, USD0++ is a fully liquid and composable token, which means you can use it in DeFi or swap it on DEXes with almost no slippage. This allows you to exit the investment by trading USD0++ without waiting for a lock-up period to end.
Mava AI Beta
Jappix
I can't understand whether, by staking USD0, currently at around 40% APY, I can exit the investment at any time by converting USD0++ back into USD0, or if USD0++ is locked for a certain period of time. The bot is not particularly clear in providing answers.
Matt
12/28/2024 at 14:13:13 EST@unknown l
Matt
12/28/2024 at 14:12:25 ESTFor galx users When Is the scheduled claim for them ?.
Mava (AI Support)
The airdrop claim event is scheduled for mid-December. Most users will be able to claim their airdrop instantly without any conditions. Please ensure you check your eligibility and claim your tokens during this period. References: 1
Mava AI BetaMatt
12/28/2024 at 14:11:27 ESTRegarding the last airdrop Till when can we claim for users that held the token ?.
Matt
12/28/2024 at 14:10:52 ESTHey good day I've got couple of questions
unknown l
usd0++ is a 4 year vesting bond but you can exit via market swaps at about 1:1
unknown l
there is no required lockup you can exit LP at any point and keep rewards, the same for USD0++
treebeard
The bot isn't really understanding your questions, none of those answers are exactly right
Mava (AI Support)
You should hold the required USD0++ through the vesting period to accumulate $USUAL directly. However, you can redeem it at a floor price before maturity or at 1:1 before maturity by burning $USUAL tokens.
Mava AI BetaYakovNFT
Is it required to hold until maturity?
YakovNFT
For the LP, is that also subject to a 4-year lockup period?
Hi I have some probably standard questions I was hoping to get clarity on, I did read the FAQ...
1 - Where does the yield come from?
2 - For the 45% APY for USD0++, is that subject to the 4 year lockup, or is it just the case that its yielding over 4 years? Where can I see the maturation times?
3 - For the yield, what is that paid in?Mava (AI Support)
1. The yield for USD0++ comes from the protocol's operations, including the returns on Real-World Assets (RWAs) like U.S. Treasury bills. 2. The 45% APY for USD0++ is indeed subject to a 4-year lockup period. During this time, the USD0 is locked in a liquid bond form, USD0++. You can see the maturation times on the platform where you manage your USD0++ holdings. 3. The yield is paid in $USUAL tokens, which are the governance tokens of the Usual protocol. References: 1,2
Mava AI BetaYakovNFT
Hi I have some probably standard questions I was hoping to get clarity on, I did read the FAQ... 1 - Where does the yield come from? 2 - For the 45% APY for USD0++, is that subject to the 4 year lockup, or is it just the case that its yielding over 4 years? Where can I see the maturation times? 3 - For the yield, what is that paid in?
Lucky Boy
Good day guys hows our little investors doing ๐
Thanks. Weird though that I saw a Usual blog posts that we can now bride USD0++ to Arbitrum suing Stargate. This made it seem like USD0++ is available on Arbitrum...Grpprofesional
I wonder if doing that would ruin the Yield
Mava (AI Support)
The exchange rate between USUAL and USUALx is not 1:1 because USUALx acts like a vault share, representing your share of the vault and rewards. The notional (dollar) value doesn't change.
Mava AI Beta
Asaf91
Will the exchange rate change between USUAL and USUALX?
Mava (AI Support)
The USUAL exchange rate is not directly tied to the USUALx exchange rate. USUALx acts like a vault share, representing your share of the vault and rewards, and its value can vary based on the date of staking. Therefore, the exchange rates for USUAL and USUALx are not directly linked.
Mava AI BetaAsaf91
Is the USUAL exchange rate tied to the USUALX exchange rate?
Santoryu๐
12/28/2024 at 13:38:27 ESTAre you still having this issue
Asaf91
I made a deposit today USUAL to USUALX. When will I receive rewards for this staking?
Gabee
I sent the request though
Gabee
I do
Anthony M.
You have dms off
Gabee
Doesnโt work
Anthony M.
Without the need to add me as a friend
Anthony M.
You should be able to dm me now
famousfxck
If anyone needs a dashboard with all the stats and numbers
Anthony M.
feel free to
Geri 2BleA
ok
CryCasher
pending
Mava (AI Support)
After the Pills Campaign, the system switched to USUAL yield, which is non-transferable until after the airdrop. This means you might not be able to claim all your USUAL immediately.
Mava AI BetaGeri 2BleA
why can't i claim all my usual farmed with USDO?
Mava (AI Support)
It seems like the 'next cycle' display might be experiencing a bug. You can try some troubleshooting steps such as clearing your cache, cookies, reconnecting your wallet, and switching networks to see if that resolves the issue.
Mava AI BetaGabee
@Anthony M. can I dm you?
Mava (AI Support)
The price of the USUAL token can be influenced by various factors such as lower revenue, governance adjustments, or a decline in the market price of USUAL. These factors can lead to a decrease in the annual percentage yield (APY) and affect the token's value. Reference: 1
Mava AI Beta
Tiago
@Mava (AI Support) why USUAL token is dropping the price?
CryCasher
what
Lucky Boy
Triple top
CryCasher
what
Mava (AI Support)
Yes, USD0++ can be priced below USD0 due to market conditions. However, there are mechanisms in place, such as the Base Interest Guarantee (BIG), to ensure it can access the underlying risk-free yield and maintain a fair price at parity with USD0. Reference: 1
Mava AI BetaCryCasher
Can usd0++ be lower than 1 usd? @Mava (AI Support)
@Mava (AI Support) The price of sUSDe is more than 1 dollar, usd0 and usd0++ can't be the same, right?Mava (AI Support)
USD0 and USD0++ are related but serve different purposes. USD0 is a stablecoin backed 1:1 by Real-World Assets like U.S. Treasury Bills, while USD0++ is a yield-bearing version of USD0. The value of USD0++ can be higher due to the accrued rewards. Therefore, they are not necessarily the same in value.
Mava AI Beta