#
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 3 of 74
Aurelou
After this new announcement is the PAR mecanism still relevant ?
Noรฉ
for USD0++ yes, versus $USUAL
If I have 1.02 in the hard-pegged pool, do I have any concerns about liquidation when I get transferred to the new pool?
Do I have to move to a new market on my own?Noรฉ
I'd always advise to deleverage as a precaution boss
stashed
so next week i can redeem 1 to 1
NeoNik690
I have big losses in my pool now!
zo
If I have 1.02 in the hard-pegged pool, do I have any concerns about liquidation when I get transferred to the new pool? Do I have to move to a new market on my own?
NeoNik690
will this depeg be restored or is everything gone now?
Noรฉ
basically only below 1 health factor iirc
Is the waiting period of 7 days after stacking usual to usualx common for everyone? Will I get the culmative 7 day rewards after the waiting period?
Mava (AI Support)
No, there is no 7-day waiting period for USUALx rewards. When you stake USUAL into USUALx, the rewards auto-compound into your USUALx position. Only rewards from USD0++ have a 7-day waiting period before they can be claimed.
Mava AI Betazo
Can you elaborate more? I didn't understand.
Noรฉ
depends on the market
maagi
Is the waiting period of 7 days after stacking usual to usualx common for everyone? Will I get the culmative 7 day rewards after the waiting period?
Fab
morpho is all hardcoded rn? i thought theres a chainlink oracle
Noรฉ
I'm not worried ser
meow239487lasf
but if I wanna sell my PT into USD0++, and then USD0++ into USD0, this last process needs me to pay some amount of $USUAL to exit right? Since holding PT hasnt given me any accured $USUAL yields, does it mean that I cant use this exit mechanism at all (so I can only exit through the 0.87 floor price of Unconiditional Exit)?
Noรฉ
below 1 iirc, 4% of margin
Lucky Boy
@Mava (AI Support) if tvl goes down does it mean more emission?
nein
so why do you think your article had such an impact on the market BIG BRAIN?
Noรฉ
so it's locked
Mateus Ball
I have read it
EXACT you just SEND AN ARTICLE like that and expect people to not panick? are u UADHIUYAHUIWHUADANoรฉ
I mean, again, it's been public since day 1
nein
EXACT you just SEND AN ARTICLE like that and expect people to not panick? are u UADHIUYAHUIWHUADA
Noรฉ
bro didn't read the article
zo
Is there no liquidation even if the health factor is below 1.02?
HOW CAN YOU NOT SEE IT???? if i will want to withdraw 100K in 1:1 i will have to PAY how much $ in redemption fees?Noรฉ
will depend on weekly outflows + time before maturity etc
Mateus Ball
probably the TVL will drop by 2 times with these innovations))
nein
HOW CAN YOU NOT SEE IT???? if i will want to withdraw 100K in 1:1 i will have to PAY how much $ in redemption fees?
Noรฉ
and I mean, it's not like it wasn't public since day 1
Noรฉ
It's not boss relax
Noรฉ
only one liquidation rn
nein
the amount of people that are being liquidated
WHY HAVE YOU DONE THAT? this is OMG so terrible
Biel
Lol , binance only option to withdraw is by eth
If I move from a 1:1 hard-coded pool to a new pool, there is no possibility of liquidation, how is it possible?Noรฉ
the new morpho market has adjusted parameters
Biel
Hey noรฉ, there are plans to make usual in other network like arb,bnb?
zo
If I move from a 1:1 hard-coded pool to a new pool, there is no possibility of liquidation, how is it possible?
@Noรฉ for the "Conditional Exit: 1:1 redemption requiring forfeiture of a portion of accrued yields" referenced in the announcement, if I hold PT-USD0++ on pendle, how much do I have to pay to exit into USD0 when this mechanism is released next week?Noรฉ
PT are safe because USD0++ value is 1:1 with USDC
Mateus Ball
Will there be a 1 to 1 conversion option before the changes?
meow239487lasf
@Noรฉ for the "Conditional Exit: 1:1 redemption requiring forfeiture of a portion of accrued yields" referenced in the announcement, if I hold PT-USD0++ on pendle, how much do I have to pay to exit into USD0 when this mechanism is released next week?
Noรฉ
early next week boss
ptsFarmer
Hello @Noรฉ When will the The Early Redemption feature live?
Noรฉ
TLDR yes
Noรฉ
Well if market is rational it'll be a function of the Early Redemption fees + floor + arbs, so I guess a few % depeg
this market is safe, positions will be transferred to a new market with adjusted parameters - in case of any bad debts, DAO will repay themzo
So 1:1 hard pegged pool disappears and all positions are transferred?
this market is safe, positions will be transferred to a new market with adjusted parameters - in case of any bad debts, DAO will repay themAurelou
So we may be instant liquidated right ?
famousfxck
Why are people panicking over a 1:1 backed stablecoin lmfao
nein
@Noรฉ
Is hard-pegged usd0++/usdcpool safe?
What happens to the 1:1 hard pegged pool when it changes to 0.87?Noรฉ
this market is safe, positions will be transferred to a new market with adjusted parameters - in case of any bad debts, DAO will repay them
nein
are u expecting the price of USD0++ to repeg
zo
Is hard-pegged usd0++/usdcpool safe? What happens to the 1:1 hard pegged pool when it changes to 0.87?
andrewdubai
and USUAL
I am still holding my USD0++
nein
what an amazing idea noe from the team
ptsFarmer
Have the Early Redemption feature been disabled?
nein
wow
0xjmslnr
whale dumping to buy more $USUAL ๐
JaharakaL
@Mava (AI Support) Stake fee is 10% aswell?
Mava (AI Support)
USD0 is already multichain, and Usual plans to expand integrations after the Token Generation Event (TGE). As for listing on centralized exchanges like Binance, USD0 tokens will initially be available on decentralized exchanges (DEXs) and are expected to be listed on centralized exchanges (CEXs) soon. References: 1
Mava AI Beta
Dooku
When USD0 will go live on Solana and other blockchains? When USD0 listing on CEX like Binance?
JaharakaL
Stack-unstack fee will always remain the same right?
nein
THIS IS extremly stupid the amount of $ im losing rn
famousfxck
What pool
CongQ
bruh ure giving me heart attacks
Noรฉ
unfortunately not boss, could be zero to 6 months of rewards
nein
no it's not
famousfxck
Lmao price back to 1$
nein
you can't give an estimate
Noรฉ
that's really variable since it depends on weekly outflows and time before maturity boss
Noรฉ
USD0++ is a liquid bond, not a stablecoin boss, it can behave like a bond
@Mava (AI Support) on what depends the $USUAL amount you do need to "sacrifice" for the early redemption? which parameters?nein
can you tell me how much $ it will be approximatively ???
we're unpegging like crazy
@Mava (AI Support) on what depends the $USUAL amount you do need to "sacrifice" for the early redemption? which parameters?Dooku
When USD0 will go live on Solana and other blockchains? When USD0 listing on CEX like Binance?
andrewdubai
guys, the team can alwaysredeem internally USD0++ for the collateral. if you analyze the transaction they are continously buying lower the peg (120K every time) and even more when there are big dip like this one (around 5/6M). this is good for 2 reason: 1) the team is making moeny coming directly to the treasury -> USUALx stakers. 2) the whitelisted actors can be interested to be part of the party and increase exposuse on USD0 when this happen. and it will happen again.. retails are so dumb to understand a simple tokenomics .. imagine to understand any piece of this ecosystem (USD0, USD0++, USUAL, USUALx) and how everything works perfect together
@Mava (AI Support) on what depends the $USUAL amount you do need to "sacrifice" for the early redemption? which parameters?Mava (AI Support)
The amount of $USUAL you need to "sacrifice" for early redemption depends on three factors: - The current USUAL rewarded per USD0++ - An adjustment factor A based on the weekly outflow target and cumulative weekly redemptions - A time cost factor
Mava AI BetaNoรฉ
@Mava (AI Support) on what depends the $USUAL amount you do need to "sacrifice" for the early redemption? which parameters?
HubristicFarmer
Thanks
nein
how much $USUAL you do need to "sacrifice" for the redemption
Noรฉ
yes
CryCasher
guys sell the usd0++ buy after
HubristicFarmer
Ok so you could buy more to make it up?
Noรฉ
it's a time weighted average so it depends on you
bot is wrong tho since it's now live haha
HubristicFarmer
If you sell and rebuy usd0++ is it an issue for vesting?
Noรฉ
^ @nein
Mava (AI Support)
The Early Redemption feature allows users to redeem their USD0++ for USD0 at a guaranteed 1:1 rate on the primary market before the maturity period. However, to do this, users must sacrifice an amount of $USUAL, which ranges from a minimum of 0 to a maximum of 6 months of rewards. This feature is not yet live, so currently, you can unstake USD0++ at an almost 1:1 rate without any penalty. References: 1
Mava AI BetaNoรฉ
@Mava (AI Support) explain the early unstaking/redemption feature
nein
just about the Early Unstaking part
nein
can you just make a TLDR real quick im on my phone rn
CongQ
https://tenor.com/view/always-has-been-among-us-astronaut-space-betrayal-gif-23836476
So the increase in USD0++ APY should act as an incentive for people to buy and hence regain peg with USD0?Noรฉ
also yes
When the Rev switch will be active i can add new stakes and i will get the "rewards" 1 month later is that right?Mava (AI Support)
Yes, once the Revenue Switch is active, you can add new stakes, and you will be eligible to receive rewards in the following month. The Revenue Switch activates when more than 50% of USUAL tokens are staked as USUALx, or it will automatically go live on February 1, 2025.
Mava AI BetaNoรฉ
details on the WP boss, always has been
JaharakaL
When the Rev switch will be active i can add new stakes and i will get the "rewards" 1 month later is that right?
nein
1:1 Early Unstaking available early next week. --> what is this
Noรฉ
yes please boss
CongQ
USD0++ was never meant to be pegged
nein
i need to read the article
If people sell USD0++, at the floor price or through Early Redemption, it means we redistribute part of those rewards to USUAL stakers, and burn another.
Meaning, USUAL's implied value automatically increases (more rewards and scarcer), meaning, APY for everyone (including USD0++) increases.KBG89
So the increase in USD0++ APY should act as an incentive for people to buy and hence regain peg with USD0?
nein
Omg this is the most stupid sh.t i've seen
If people sell USD0++, at the floor price or through Early Redemption, it means we redistribute part of those rewards to USUAL stakers, and burn another.
Meaning, USUAL's implied value automatically increases (more rewards and scarcer), meaning, APY for everyone (including USD0++) increases.nein
can we redeem USD0++ 1:1 ??
If people sell USD0++, at the floor price or through Early Redemption, it means we redistribute part of those rewards to USUAL stakers, and burn another.
Meaning, USUAL's implied value automatically increases (more rewards and scarcer), meaning, APY for everyone (including USD0++) increases.
Mahashmashana
perfect -- thank you!
nein
yes this is why it's hard depegging?
Noรฉ
# ๐ฃใannouncements boss
nein
TF is happening with USD0++ price?
Noรฉ
basically, just stake and you're going to have a very noice ROI
0xjmslnr
starts nothing sir
what would cause it to increase? for example with USD0++ floor now being 0.87 I am anticipating people will sell/leave. will that increase APY?Noรฉ
If people sell USD0++, at the floor price or through Early Redemption, it means we redistribute part of those rewards to USUAL stakers, and burn another. Meaning, USUAL's implied value automatically increases (more rewards and scarcer), meaning, APY for everyone (including USD0++) increases.
Mahashmashana
what would cause it to increase? for example with USD0++ floor now being 0.87 I am anticipating people will sell/leave. will that increase APY?
Noรฉ
it can increase boss yes
Mahashmashana
I understand, I'm asking if that is fixed or if it can increase, etc
Noรฉ
USD0++ is 26% rn in $USUAL, as I said above
Mahashmashana
USD0++
Noรฉ
for USD0++ or USUALx ?
Mahashmashana
currently it's 26%
Noรฉ
soooo
Noรฉ
it was actually already locked during pre launch
No, USUALx gets USD0 yield at >60% APY on top of $USUAL rewards, through rev-share.
USD0++ gets $USUAL rewards like always (which can be staked to get the rewards I wrote above)Mahashmashana
so what is the expected APY?
@Noรฉ @famousfxck
"At the current price, it offers a future USD0 yield exceeding +60% APY with distributions starting no later than February 1, 2025."
Is this to say that USD0++ will be providing 60% APY no later than February 1, 2025?Noรฉ
No, USUALx gets USD0 yield at >60% APY on top of $USUAL rewards, through rev-share. USD0++ gets $USUAL rewards like always (which can be staked to get the rewards I wrote above)
CongQ
it aint no suprise if u actually did your research
KBG89
This is crazy
CongQ
this move was known from the start๐
Noรฉ
literally called Liquid Bond Token in the whitepaper
it's a bond basically
btw floor at .87 increases over time as maturity approaches
CongQ
i wanna see LP drops below .8 to prove how redacted retails are
Mahashmashana
@Noรฉ @famousfxck "At the current price, it offers a future USD0 yield exceeding +60% APY with distributions starting no later than February 1, 2025." Is this to say that USD0++ will be providing 60% APY no later than February 1, 2025?
Noรฉ
Floor is at .87, but you can also 1:1 redeem versus $USUAL tokens (min is 0, max is 6 months of rewards), and you can swap at market rate. Or, just stake the rewards and get >20% APY on USD0++, 200% APY in $USUAL and >50% APY in USD0. EV++++
CryCasher
its just start
KBG89
And am now seeing the floor for backing is 0.87...
I'm staking usual through usualx, will I receive rewards in USD0 too?
Sorry if it seems to be a dumb questionNoรฉ
Yes sir
I've staked my USD0++ and it's down 1% from what I thought was a stablecoin, maybe my mistake thenNoรฉ
It's actually a bond sir - so it can behave like a bond. Also we're really in a short-term price reaction to the news rn.
krypt0man1ac
I'm staking usual through usualx, will I receive rewards in USD0 too? Sorry if it seems to be a dumb question
kiratsunami
where do you see this
KBG89
I've staked my USD0++ and it's down 1% from what I thought was a stablecoin, maybe my mistake then
Noรฉ
it's in the docs since the first day of the pre-launch
famousfxck
Guys there will be a new USD0++/USDC pool in Morpho labs too
Noรฉ
and btw this mechanism has always been public
this is EV++++
Noรฉ
Sir, there's really multiple options for USD0++. You can even just stake your $USUAL, get USD0 through the rev switch and basically TP-ing overtime without selling anything.
KBG89
Not so much for USD0++
yasiaforever81
Markets always get corrections fren, no need for emotional attachments to crypto
CongQ
Finance is for smart people, i've been in the market tradfi or defi for almost 10 years, some people even think 4 years is eternity in tradfi, doesnt matter the market.
Noรฉ
Read the last article, it's actually incredible news for USUAL
Kaleo
It would bounce back
freestyle
hope so, lose almost half value since i stake them
famousfxck
We would bounce good if this was the bottom
famousfxck
Itโs doing pretty fine rn tbh holding strong
freestyle
oh USUAL drops so much
CryCasher
you paying 1 usd0 for 1 usd0++ but you redeem 1 usd0++ = 1 usd0
Noรฉ
Please try directly though a DEX
JaharakaL
ETH swap to Usual is not working Usual's platform?
this is the reason the price is so low, usual is not simple to understand, the market doesn't fully get it.
Noรฉ
re
i'm back in 30sec
CryCasher
you cant sell usd for 0.87 usd
JohnCarraway
Better than traditional finance , and cooler to hold your money and multiply it ๐คฃ
CryCasher
usde started at 1 usd and going to moon
ravished
this is the reason the price is so low, usual is not simple to understand, the market doesn't fully get it.
KBG89
I'm with you, the 0.87 makes no sense
CongQ
no its not๐คฃ
CryCasher
im not talking about that whatever
KBG89
4 years is an eternity in crypto lol
famousfxck
Please if someone has questions. Best option: copy the whole thing and ask it to ChatGPT.
CongQ
who needs reading when you can just whine
CongQ
noone reads
famousfxck
People read like the first 3 lines and thatโs it
Usual
ElBingo
nice article, but i wanted to ask you if there is any burning mechanism for USUAL
treebeard
It is backed 1:1, just not redeemable 1:1
CongQ
it will slowly grows to 1:1 over 4 year maturity
CryCasher
0.87/1 is not backed
CongQ
because 0++ is a bond with interest
CryCasher
backed mean 1:1
CongQ
it is.. jesus
CryCasher
if 0++ is backed by usd0 why floor is 0.87
ravished
flip those shorts into longs
CryCasher
0++ is not backed by usd0
ravished
time to rotate those USD0++'s into Usualx guys
KBG89
What is the mechanism to get USD0++ back to 1:1 peg to USD0?
so 0++ is still 1:1 backed by usd0, what happens to the excessive part if they use floor exit, goes to usualx holders as revenue?CryCasher
nope
so 0++ is still 1:1 backed by usd0, what happens to the excessive part if they use floor exit, goes to usualx holders as revenue?Mava (AI Support)
When USD0++ holders use the floor exit mechanism, the difference between the standard redemption value and the discounted floor price is directed to the treasury as a fee. This supports the protocol's sustainability. The treasury can then use these funds for various purposes, including potentially distributing them as dividends to USUALx holders when the revenue switch mechanism is activated.
Mava AI Beta
BraceletCollector
Is there a way to see projected cap?
famousfxck
260M$ volume for Usd0
CongQ
so 0++ is still 1:1 backed by usd0, what happens to the excessive part if they use floor exit, goes to usualx holders as revenue?
ravished
4 billion but it wont reach that
Mava (AI Support)
Yes, the total supply of USUAL tokens is designed to be up to 4 billion by the end of USD0++'s maturity in 2028. However, the actual supply could be less depending on the protocol's growth, as USUAL is disinflationary, meaning less USUAL is minted as revenue grows.
Mava AI BetaBraceletCollector
Hi, does usual have a supply cap? I donโt see it in the docs
Noรฉ
yes, since it starts on feb
famousfxck
Deeper liquidity for USD0++ which also guarantees revenue for $USUAL
ravished
its fully liquid anyway you just cant burn it anymore for four years
CryCasher
%27 apy and what happend is usd0++ price down to 0.90? not worth
famousfxck
This is great news for Usual
CryCasher
right thing
not panic
CongQ
xd panic swapping
ravished
I was able to buy usual with USD0 with positive value in usual on the otherside
because they swapping usd0++ to usd0
famousfxck
USD0 pumping lmao
Biel
And even so i will be elegible?
Biel
Yeah, but i just staked yesterday not 1 january
famousfxck
Bro 1 dollar
Noรฉ
yes, the rev-switch
famousfxck
https://x.com/usualmoney/status/1877474806549098594?s=46
โก๏ธ USUAL, Stronger Than Ever 4 years guaranteed revenues backing USUALx\. Enhanced USD0\+\+ yields\. Early unstaking as planned\. Floor price updated for stability\. USUALโs revenues are now secured & programmed\. ๐ Important detailsโread carefully๐ https://t.co/gdKhfOGXDu
 on X_.8a1a568d-8edf-446e-bacf-520173d7f426.png)
Twitter โข 01/09/2025 16:57:30 ESTBiel
As far i know , i would need hold for 1 entire month to receive
JohnCarraway
Isnโt it available for everyone starting 1 February ?
Biel
And how about monthly holding?
Noรฉ
yes, if you hold your position
Biel
Hey, i staked usual yesterday, i will be elegible for revenue switch?
whats that mate stop buyback usual coin im doing short
I got a "stupid" question..Since iam using Binance exchange and web3 wallet. If i make small buys i will always pay the usual fee to transfer from Binance to Web3 Wallet and then extra fee Gas Fees to transfer from Usuals to Usual platform + extra gas Fees to change Usual to Usualx...
The best solution here is to make a big buy and transfer them all at once right?Mava (AI Support)
Yes, making a larger purchase and transferring it all at once can help you save on transaction fees. Each transaction incurs a fee, so consolidating your transactions into one larger transfer can reduce the total fees you pay. Reference: 1
Mava AI BetaJaharakaL
I got a "stupid" question..Since iam using Binance exchange and web3 wallet. If i make small buys i will always pay the usual fee to transfer from Binance to Web3 Wallet and then extra fee Gas Fees to transfer from Usuals to Usual platform + extra gas Fees to change Usual to Usualx... The best solution here is to make a big buy and transfer them all at once right?
Noรฉ
I feel you
ravished
now if only I could do my trades that way!
Noรฉ
perfect timing
Noรฉ
we were pushing the update when I saw your message haha
ravished
great minds think alike!
Noรฉ
check # ๐ฃใannouncements
Dave.race
Coming as well!
ravished
soon might not be the worst time to lock the burn mechanism so we don't loose any more TVL
@Noรฉ when do you expect to have an answer regarding the USD0++ lock?
Mava (AI Support)
The APR for USD0++ can increase due to higher revenue, such as increased interest rates or growth in Total Value Locked (TVL). Additionally, governance adjustments or an increase in the market price of $USUAL can also contribute to a higher APR.
Mava AI Beta
they are the rewards from holding usd0++ and for using external integrations, right? The ones from usualX are not added there because they auto compound, do i get this right?Mava (AI Support)
Yes, you are correct. Rewards from holding USD0++ are distributed and can be seen under 'Pending Rewards' on your dApp dashboard. However, rewards from USUALx are not shown as 'Pending Rewards' because they auto-compound directly into your USUALx position.
Mava AI Betamsulc (๐,๐)
they are the rewards from holding usd0++ and for using external integrations, right? The ones from usualX are not added there because they auto compound, do i get this right?
Mava (AI Support)
The APR for USD0++ is influenced by several factors, including the market price of $USUAL, the supply of USD0++, and the protocol's revenue. As the supply of USD0++ grows, the minting rate decreases, fostering scarcity and rewarding early adopters. Additionally, $USUAL is emitted based on proof of revenue, which is directly related to the interest rate.
Mava AI Betaquestion, the rewards that I receive and have available after every 24h cycle I should claim, right?
msulc (๐,๐)
question, the rewards that I receive and have available after every 24h cycle I should claim, right?
kiratsunami
bro ... I live in Paris id be there in few hours
onizouka8502
famous french coast
cote d'azur
kiratsunami
I want to hop in
kiratsunami
where ?
ลowca fantรณw
I just collect coins๐
eggman.sui
Please dont lose your coins on a Boarding accidend
onizouka8502
if usual touch 2B I will organized a boat party with adli and every usualx stacker
ลowca fantรณw
I thought so ๐ฅน
CongQ
# ๐ใofficial-links
kiratsunami
ofc
BingChilling
Yes obvious
ลowca fantรณw
Scam?๐๐ฅน
BingChilling
It will go there when btc stop dumping. Everybody selling bitcorn
BingChilling
Scam only check official website
onizouka8502
scam
ลowca fantรณw
Hey this is the good side ( usualassets org/connection-module ) or scam?
onizouka8502
what do you think about this
what about 1b market cap for usual
guys
so 1 USUALx will continue to worth more and more Usual over time even after revenue switch ?Noรฉ
yes
flyingfish
so 1 USUALx will continue to worth more and more Usual over time even after revenue switch ?
Noรฉ
giving almost a "floor" to $USUAL
Revenue Switch enables a constant revenue no matter the price of $USUAL
Noรฉ
there's both
flyingfish
what is the goal of the revenue switch why not keeping the staking with usual ?
Mava (AI Support)
The Revenue Switch is a mechanism introduced by Usual to deliver direct value to USUAL token holders. It activates when more than 50% of USUAL tokens are staked as USUALx. If this threshold isn't met, it will automatically activate on February 1, 2025. Once activated, 100% of the monthly protocol revenue will be distributed directly to USUALx stakers. This mechanism ensures the protocol's sustainability and enhances the value of USUAL tokens.
Mava AI Betaflyingfish
explain the revenue switch @Mava (AI Support)
Noรฉ
you're welcome boss
there's always a 7 days delay
Noรฉ
yes sir!
marvak
Ok... so it moves always 7 days behind
Doesnt make sense to me. I have more pending from that 7 day period then i received after, and its been like 20 days nowNoรฉ
Pending rewards: rewards that came earlier than 7 days from now. Claimable: rewards the came more than 7 days ago. It's like that everyday, the part older than 7 days go to "claimable"
marvak
Doesnt make sense to me. I have more pending from that 7 day period then i received after, and its been like 20 days now
Noรฉ
Only for the part that is older boss
marvak
Yes. But which part is pending, it says after 7 days its daily
@Mava (AI Support) if i transfer usd0++ to another wallet the unclaimed rewards will be deposited in the old wallet?Mava (AI Support)
Yes, if you transfer USD0++ to another wallet, the unclaimed rewards that were accumulated before the transfer will remain with the old wallet. Any new rewards after the transfer will be associated with the new wallet.
Mava AI Betaky
@Mava (AI Support) if i transfer usd0++ to another wallet the unclaimed rewards will be deposited in the old wallet?
Noรฉ
So you already have a part that is claimable
marvak
But its been more then 7 days
What does pending rewards mean? I staked my usd0++ on 24th december, i I still get this notification that rewards are pending for 7 day verification period. What does it mean?Mava (AI Support)
When you stake USD0++, the rewards accumulate daily but are subject to a 7-day verification period before you can claim them. This means that after staking, you need to wait for 7 days before the rewards become available for claiming. This period ensures the system operates seamlessly and distributes the correct rewards to each participant.
Mava AI BetaMava (AI Support)
Yes, you can transfer USD0++ to another wallet. However, any rewards accumulated before the transfer will remain with the old address, and rewards after the transfer will be associated with the new address.
Mava AI Betamarvak
What does pending rewards mean? I staked my usd0++ on 24th december, i I still get this notification that rewards are pending for 7 day verification period. What does it mean?
ky
@Mava (AI Support) can u send usd0++ to another wallet?
basedscarf
Boss ๐ค boss
Noรฉ
sorry for the confusion
Noรฉ
it's planned boss ;)
Investus
@Noรฉ You guys need to fix that bug ๐ It's very confusing
@Noรฉ ok thanks for info ๐
Noรฉ
only trust "Min Received" (after fees) and Debank's amounts (before fees)
Investus
@kiratsunami
Last screenshot is from Debank
@kiratsunami
15401,58 Usual on Debank and 15247,17 Usual on Usual dashboard (before staking fee)
Yes.. But check again I am talking about Usual amounts before staking fee
kiratsunami
yes and you pay 10% to unstack
Investus
Yes but 15401.56 before staking
kiratsunami
15401 * 0.9 (10% staking fee) is 13860
Investus
15401,58 Usual on Debank and 15247,17 Usual on Usual dashboard
@kiratsunami
And here is Debank
kiratsunami
is this how much UsualX you have or not ?
Investus
@kiratsunami
Hmm i am on unstake page..not stake page
kiratsunami
remove the transaction details ... and re send the second screenshoot
Investus
@kiratsunami I shared screenshots
kiratsunami
Pierre Person
Investus
@Noรฉ @kiratsunami
Different amount of usual coins
Noรฉ
the CEO is an ex parliament member in France ser
diskorekorder
was the owner of USUAL verified KYC by certik?
kiratsunami
send a screenshoot
diskorekorder
eth is a old obsolete network
Investus
I am talking about the coins before unstaking fee. Its different amount
kiratsunami
can you elaborate
diskorekorder
why usual is on eth? very expensive ๐ฆ
Investus
I am talking about the coins before unstaking fee
diskorekorder
or usual is a new dai?
usual is a sort of CEX-ish DAI? DAI is true DEX
Could someone help me? I staked Usualx on January 1st but I haven't received any rewards yet. What could be the reason for this? Or did I misunderstand something?Mava (AI Support)
When you stake USUAL into USUALx, it acts like a vault share. This means that your rewards accrue and auto-compound, and you can see them when trying to unstake. They do not show up under the classic 'Pending Rewards'. To view your rewards, simulate an unstake: the withdrawal amount will include your rewards (minus a 10% unstaking fee). Essentially, your vault share increases in worth over time, allowing you to withdraw more than you initially deposited. References: 1
Mava AI BetaCould someone help me? I staked Usualx on January 1st but I haven't received any rewards yet. What could be the reason for this? Or did I misunderstand something?Usual
Fleshi
Could someone help me? I staked Usualx on January 1st but I haven't received any rewards yet. What could be the reason for this? Or did I misunderstand something?
diskorekorder
not fully cex but cex-ish ?
sort of cex
kiratsunami
why do say cex ?
@Noรฉ Why is the number of Usual coins on Dbank and Usual dashboard different (when I press unstake)?
There are more Usual coins on Debank.kiratsunami
unstaking fees
diskorekorder
so basically usual is just a new CEX DAI?
Investus
@Noรฉ Why is the number of Usual coins on Dbank and Usual dashboard different (when I press unstake)? There are more Usual coins on Debank.
Mava (AI Support)
Usual employs a multi-layered security strategy to protect its liquid pools and staking mechanisms. This includes secure development practices, access control, and regular smart contract audits by multiple security auditors. While no system can be guaranteed as 'unhackable,' these measures significantly reduce the risk of vulnerabilities and enhance the security of the protocol. Reference: 1
Mava AI Betadiskorekorder
is it liquid pool prone to hacks or a proper stake unhackable?
hi, if i stake usualX, can I withdraw principal at any time or is there a delay cool off period?@Mava (AI Support) Why is the number of Usual coins on Dbank and Usual dashboard different (when I press unstake)?
There are more Usual coins on DebankMava (AI Support)
The difference in the number of Usual coins between Dbank and the Usual dashboard when you press unstake could be due to the way USUALx acts as a vault-share. On the Usual dashboard, USUALx remains constant, but over time, you're able to withdraw more USUAL with them. This might not be immediately reflected on Dbank. Additionally, if your order is routed through a secondary market, it might affect the displayed amount due to conversion rates.
Mava AI Betadiskorekorder
hi, if i stake usualX, can I withdraw principal at any time or is there a delay cool off period?
Investus
@Mava (AI Support) Why is the number of Usual coins on Dbank and Usual dashboard different (when I press unstake)? There are more Usual coins on Debank
ravished
I thought it was that and overnight repo's (which I really don't understand)
RiskyBusiness
Tbills
ravished
@Mava (AI Support) what is the SDYF yield derived from?
ravished
@Mava (AI Support) what is the USYC derived from?
@Mava (AI Support) @Noรฉ once USD0++ is locked for 4 years the revenues can still fluxuate based on the underlying USYC yield correct?Mava (AI Support)
Yes, even though USD0++ is locked for 4 years, the revenues can still fluctuate based on the underlying USYC yield. This is because the yield from USYC can vary over time, impacting the overall returns.
Mava AI Betaravished
@Mava (AI Support) @Noรฉ once USD0++ is locked for 4 years the revenues can still fluxuate based on the underlying USYC yield correct?
@Mava (AI Support) after revenue switch, how many percent of protocol revenue will be distributed to UsualX and USD0++, specifically?Drak
@Mava (AI Support) after revenue switch, how many percent of protocol revenue will be distributed to UsualX and USD0++, specifically?
Mava (AI Support)
The protocol revenue for Usual comes from its ecosystem, including fees and real-world asset (RWA) yields backing USD0 and USD0++. The revenue is tied to the protocol's growth and is reflected in the value of the USUAL token.
Mava AI BetaDrak
@Mava (AI Support) where does protocol revenue come from?
RiskyBusiness
Why not airdrop or buyback ? hyperlidquid did It , It will be good signs to top buyers investors who are underwater now.
RiskyBusiness
What will happen to the previous income in this case?
Regarding the income accumulated so far (December, January), will it be distributed to the stakers? If so, how will this loot be distributed?Noรฉ
Nope, only the live Revenue sir
RiskyBusiness
Regarding the income accumulated so far (December, January), will it be distributed to the stakers? If so, how will this loot be distributed?
Mr. Lin
We have DC and people are less scammy here
Mr. Lin
No
icarioth
๐
So if I just stake usual and wait I will get rev distribution to my wallet when itโs start? Or I have to do anything? Asking because I have wallet just for usual and I can forget it for few months๐Noรฉ
No need to do anything boss!
icarioth
So if I just stake usual and wait I will get rev distribution to my wallet when itโs start? Or I have to do anything? Asking because I have wallet just for usual and I can forget it for few months๐
@Noรฉ did you ever find out what happens to usual stakers who stake after 50% is reached on chain? Are they in the first rev distribution snapshot or in the next round?Noรฉ
next round
ravished
say you stake more win an hour of 50% being reached
@Noรฉ did you ever find out what happens to usual stakers who stake after 50% is reached on chain? Are they in the first rev distribution snapshot or in the next round?
alishahab
dont close it, it makes negative sentiment
bro trust me, open the chat for telegram
no the revenue switch is so big and you don't get it if you are in Pendle
it's an APY of almost 75% a year ....
lofi
i'm in both been thining about how to balance this
kiratsunami
no the revenue switch is so big and you don't get it if you are in Pendle it's an APY of almost 75% a year ....
tbh I did all these calculations to answer a simple question, should I keep farming my LP in Pendle and Equilibria
or send them back to Usual Dapplofi
I think it depends on how fast apy drops
kiratsunami
it's barrely moving ...
famousfxck
Only 12% more staked to go WAGMI
kiratsunami
21.32% see my message above
Maybe because the current projected APY is lower than reality (takes all USUALx supply, not only the eligible part) - it'll be fixed with the next UI updatelofi
how much lower?
kiratsunami
it will make APY jump from the 53% showed in the website to 74.32%
BingChilling
boomer company love old tech
kiratsunami
its used by big tech companies like the company where I work ... it's a framework not like React a library, and big companies loves it ...
in the company where I work and where I did my internship
We work with Kotlin Spring Angular RabbitMQ AxonIQ ....
Gunner funk
Isn't Angular outdated tech
perfect thank you, prolly 1 feb ye? i will move my usual from LP to spot once 31 jan hit thenNoรฉ
yep, prolly feb
kiratsunami
in the company where I work and where I did my internship We work with Kotlin Spring Angular RabbitMQ AxonIQ ....
it gives a slightly different
mine is based on UsualX which is imo better
mine gives APR of 56.88% in a year and APY of 74.32%
the one in the website is based on Usual ...
yours gives an APY of 54%
to sum up yours based on usual
mine on UsualX imo betterNoรฉ
mmmh I think I see why - next UI update should fix that
tommyshelbers
perfect thank you, prolly 1 feb ye? i will move my usual from LP to spot once 31 jan hit then
kiratsunami
it gives a slightly different mine is based on UsualX which is imo better mine gives APR of 56.88% in a year and APY of 74.32% the one in the website is based on Usual ... yours gives an APY of 54% to sum up yours based on usual mine on UsualX imo better
Noรฉ
(monthly)
Noรฉ
it's the revenue as of the time of the announcement
tommyshelbers
oh i tot i saw a max 5 mill
Noรฉ
No
Maybe because the current projected APY is lower than reality (takes all USUALx supply, not only the eligible part) - it'll be fixed with the next UI updatetommyshelbers
is 5 mill max goven out even if revenue is more than 5 mill?
ravished
I wish we would use APR not APY since its not auto compounded
Gunner funk
What tech stack
Noรฉ
Maybe because the current projected APY is lower than reality (takes all USUALx supply, not only the eligible part) - it'll be fixed with the next UI update
ravished
sometimes the question is why not how, lol
ravished
yeah I was thinking the same
kiratsunami
I'm literally a SWE
Noรฉ
I'm maybe dumb but why all these calculations when you can just check the projected APY boss?
I could make this into a dashboard using an API for the dynamic numbers but i don't have the time ATMkiratsunami
I will make one would you make it using Angular or React
thinking about writing a script that will scarp dune page and usual website in order to update, the nbr of eligible UsualX and the yearly revenue
ravished
I could make this into a dashboard using an API for the dynamic numbers but i don't have the time ATM
kiratsunami
Did it work ?
ravished
ty
ravished
it wont let me download it
kiratsunami
I hope I don't get banned
ravished
do you mind sharing that on a google sheet or sharing your formulas?
kiratsunami
this is just for revenue share
kiratsunami
one cycle (month)
how much I earned divied by the nbr of UsualX
how much will 100 UsualX give you ==> in this case 4.73 USDravished
over what timeframe?
kiratsunami
how much I earned divied by the nbr of UsualX how much will 100 UsualX give you ==> in this case 4.73 USD
the number of eligible usualX has fallen but so did the revenue
the % in terrm of gains didn't change muchravished
what do you mean by the % terms of gains?
ravished
@Mava (AI Support) how safe is the convertability of USYC to its underlying treasury?
ravished
oh so it doesn't exist yet? that makes sense why I cant find it, lol
@Mava (AI Support) why would a USD0 holder care about the convertibility of USD0 to the collateral when it can be swapped in the market?Mava (AI Support)
USD0 holders might care about the convertibility to collateral because it ensures the stability and security of their investment. While market swaps are convenient, direct convertibility to collateral provides a safety net, guaranteeing that USD0 can always be redeemed for its underlying value, even if market conditions are unfavorable. This feature enhances trust and confidence in the stablecoin's value. Reference: 1
Mava AI Betaravished
@Mava (AI Support) why would a USD0 holder care about the convertibility of USD0 to the collateral when it can be swapped in the market?
You can find the projection on the home page, but we'll be updating the UI today to reflect it in a better way boss!ravished
I don't see that graphic you showed
Fadi
@Mava (AI Support) How many new USUAL were added to the circulation supply today?
chermiw_
Many accounts have added me on discord ๐คค pretending to be admin ๐งโโ๏ธ
Fadi
How many new USUAL were added to the circulation supply today?
chermiw_
so it's a bug
Fadi
@Mava (AI Support) How many USUAL were minted today ?
chermiw_
no sir, i use menu unstaking
Fadi
How many $usuals were minted today ?
ravished
@Noรฉ where can I find the current USD0 APY for Usualx?
Fadi
@Mava (AI Support) What is today's usual emission?
Noรฉ
not a bug - you're swapping, not unstaking
@Mava (AI Support) how much usual was earned from holding USD0++ per unit from the pills program?Mava (AI Support)
The exact amount of USUAL earned from holding USD0++ per unit is not specified in the documentation. The yield in USUAL depends on various factors such as the protocol's revenue, TVL, and growth. As the protocol grows, less USUAL is minted per unit of revenue, which increases the earnings per token.
Mava AI Betaravished
@Mava (AI Support) how much usual was earned from holding USD0++ per unit from the pills program?
ravished
@Mava (AI Support) how many usual was distributed in the airdrop?
Mava (AI Support)
Pills in the Usual Pills program were earned through various activities within the Usual protocol. Users could accumulate Pills by contributing liquidity during the bootstrapping phase, participating in the referral program, and engaging with community bonuses. Additionally, holding USD0++ allowed users to earn Pills. These Pills determined the amount of $USUAL tokens received during the airdrop. References: 1,2
Mava AI Betaravished
@Mava (AI Support) how where pills earned in the pills program?
Mark | Mirror
Hi, is there any staff I can quickly dm in regards to article writing. ๐ค
chermiw_
i don't think i get this answer yet @Mava (AI Support)
Metallic1997
Like this every body understands and we move on
@Mava (AI Support) once USD0++ is locked it will only be allowed to mint during the four years but not burned correct? This protects the TVL?Mava (AI Support)
Yes, USD0++ being locked guarantees future cashflows for the protocol, which helps in preserving the Total Value Locked (TVL). However, you can freely swap it back on the secondary market.
Mava AI Betaravished
@Mava (AI Support) once USD0++ is locked it will only be allowed to mint during the four years but not burned correct? This protects the TVL?
Metallic1997
I will respect the rules of course Good point to not mix subjects
Understood. Its my 1st time in discord thats why
BingChilling
In # ๐งใspeculation we can talk the price all day long
Mava (AI Support)
USD0 is minted by swapping Real World Assets (RWAs) via the DaoCollateral contract or by depositing USDC into the Swapper Engine. This ensures that every USD0 in circulation is backed by RWAs, providing stability and security. When redeeming USD0, users can swap it back to the underlying RWAs, burning the USD0 in the process. USD0++ is a locked version of USD0 for four years. It can be swapped for USD0 on secondary markets, but direct conversion isn't possible until the lock period ends. The burning of USD0++ involves burning $USUAL tokens in the primary market through the 'Early Redemption Mechanism', which is not yet live. References: 1,2
Mava AI Betaravished
@Mava (AI Support) can you explain the minting and burning of USD0 and USD0++?
Metallic1997
Thx u
I got the point . I will talk about staking and apy ( very intersting points)
chermiw_
it went from 0.021$ to 1.65$ i don't think we could expect all people to hold not sell
Metallic1997
Now i know
Didnt know
And Iโm telling you that price related stuff is in another channel, not that you canโt say thatMetallic1997
Ah okok noticed
Noรฉ
Just not in this channel
Metallic1997
We r a community no ? I love the project
Noรฉ
And Iโm telling you that price related stuff is in another channel, not that you canโt say that
Metallic1997
No free talk here, i m just advising nicely
I will blocked why !!!
Again !!!
Noรฉ
# ๐งใspeculation
Metallic1997
Communication is super key!
Are there plans in jan ? There are coins useless performing better than usual (im advising)
Also i noticed that very very rare youtubers talking about usual in youtubr, you should invest more on marketing, youtube this is were people go to check the โpepitesโ
chermiw_
will apy change every month?
Metallic1997
Anywayโฆ.is there other annoucement (major) to come about usual in jan, it will boost the price
from what i calculate, we actually need to stake usual more than 35-40 days to really enjoy the apy based on 214% now if we unstake before 30 days i guess we will get less usual before we stake. am i right ?Mava (AI Support)
Yes, you are correct. To fully benefit from the APY of 214%, you would need to stake for a longer period, such as 35-40 days. If you unstake before 30 days, you might not realize the full potential of the APY and could receive less USUAL than expected.
Mava AI BetaMetallic1997
Strange โฆ..
chermiw_
from what i calculate, we actually need to stake usual more than 35-40 days to really enjoy the apy based on 214% now if we unstake before 30 days i guess we will get less usual before we stake. am i right ?
Metallic1997
I was blokek because talking about usual price ๐ฆ
i noticed that Usualx is showing same amount at the same day while amount of usual is increasing from staking. is it normal.chermiw_
i noticed that Usualx is showing same amount at the same day while amount of usual is increasing from staking. is it normal.
HansC
increase of TVL show more use about the protocol, more liquidity, increased interest in USUALx, increased staking of USUALx, high trust in the RWA strategy!!!recheck your acknowledgment
and just to be cristal clear, pending for those glitches to be fixed, if i check debank the amount shall be correct ? (meaning i get rewarded exactly as per my initial calculation, which i'd be more than happy with)Mava (AI Support)
Yes, you should be able to check the amount of USUAL you have in DeBank. Your USUAL amount should have increased once you've staked it, reflecting your rewards.
Mava AI BetaHansC
are you sure fox??
Zak
number of unique holder is
Sorry โmasterโ but Iโm not talking about the price!!!Iโm talking about the adoptionโฆ..maybe you need to understand what say the metrics more far than price and revenue ๐ฅฐZak
revenue and tvl is not a mesure of adoption chad
Noรฉ
yes
chermiw_
Min receive is the correct amount that we will atleast get ?
Noรฉ
haha yeah, we're working on a fix, there's indeed a small variation that shouldn't be there
fredchan17999
Just use debank for now before the team update their site
aldelam
that's a good explanation then ๐
Noรฉ
:)
Noรฉ
it's bugged
aldelam
amount before unstaking fee
You should withdraw from crypto and put all your money on a savings account if you expect every chart and every metrics to be pure up only every day of the yearHansC
Sorry โmasterโ but Iโm not talking about the price!!!Iโm talking about the adoptionโฆ..maybe you need to understand what say the metrics more far than price and revenue ๐ฅฐ
I totally considered and understood the 10% fee, but still the math are not good and even the math are changing (when simulating the usntaking now, i see even less than few hours ago)Noรฉ
What amount are you checking boss, the Min Received or the Amount before Unstaking Fees?
aldelam
I totally considered and understood the 10% fee, but still the math are not good and even the math are changing (when simulating the usntaking now, i see even less than few hours ago)
YaX
01/09/2025 at 09:52:46 EST@aldelam If someone asks you to help outside the server, don't trust them.
hi, I staked my usual a few days ago ; if my understanding is correct, the corresponding USUAL reward shall be automatically compounded with my USUALX, meaning if I unstake my USUALS i shall see more USUAL (before fees) than before staking. That's where I get lost : when simulating unstaking from the app, i see about 2% less USUAL than before staking... Now when i check on debank, the amount of staked USUAL corresponds to what i can expect considering the average APY since i staked... Sure it's just something i'm missing, but that's bugging meMava (AI Support)
USUALx works as a vault share, meaning rewards are reflected directly in its value. When you simulate an unstake, the withdrawal amount should include your rewards, but remember there is a 10% unstaking fee. This fee might be why you're seeing less USUAL than expected. Checking on DeBank should give you a more accurate reflection of your staked amount and rewards.
Mava AI Betaaldelam
hi, I staked my usual a few days ago ; if my understanding is correct, the corresponding USUAL reward shall be automatically compounded with my USUALX, meaning if I unstake my USUALS i shall see more USUAL (before fees) than before staking. That's where I get lost : when simulating unstaking from the app, i see about 2% less USUAL than before staking... Now when i check on debank, the amount of staked USUAL corresponds to what i can expect considering the average APY since i staked... Sure it's just something i'm missing, but that's bugging me
Zak
Or if you think the variation in price does not match the variation in Tvl / loss revenue, you can get cheap usual ๐
Zak
You should withdraw from crypto and put all your money on a savings account if you expect every chart and every metrics to be pure up only every day of the year
Noรฉ
hahahah
ravished
not you or MAVA ๐
Noรฉ
;)
Noรฉ
who knows...
ravished
NP
SatoshiXXX
Thx for this
@Mava (AI Support) are there validator nodes for usual and do they have incentives or is everything based on ERC20 eth validators?Noรฉ
Everything is based on Ethereum right now
HansC
what about the fast that we are lossing TVL and Revenue?
ravished
@Mava (AI Support) are there validator nodes for usual and do they have incentives or is everything based on ERC20 eth validators?
BingChilling
yess
chermiw_
let say i if i have 20,000 i want to unstake 5000 usual then i will get only 4500 right?
if i had 20,000 usual but i want to unstake 2 times what would it be the correct fee? i pay 10% 2 times ?BingChilling
the fee is based on how much u want to unstake
YaX
01/09/2025 at 09:43:10 EST300$... Crazy
BingChilling
Hahaha sure no problem
YaX
01/09/2025 at 09:42:12 ESTHey friends, I entered this server to ask a question, after saying what my question was, a bunch of "Admins" came to send me messages trying to help. I was very naive and was robbed, insane.
if i had 20,000 usual but i want to unstake 2 times what would it be the correct fee? i pay 10% 2 times ?Noรฉ
wdym sir? You pay 10% on the unstaked amount
if i had 20,000 usual but i want to unstake 2 times what would it be the correct fee? i pay 10% 2 times ?Zak
only if you unstake then restake then re unstake (why would u do that ?)
chermiw_
if i had 20,000 usual but i want to unstake 2 times what would it be the correct fee? i pay 10% 2 times ?
Noรฉ
@BingChilling dm me when you get auto muted
ravished
https://dune.com/usual_team/usual https://dune.com/queries/4532780/7566735
Andris
Is there a live tracking for how much usual is staked in the community right now?
Noรฉ
Yes, there's a 10% unstaking fee on the amount of USUALx unstaked
chermiw_
and every unstake will cost 10% fee?
so i cannot claim my daily reward from staking $usual but if i wanna claim it i need to unstake only?chermiw_
so i cannot claim my daily reward from staking $usual but if i wanna claim it i need to unstake only?
Andris
For the whole community, when does it reaches 50%, so fee switch is unlocked
Andris
Where can I see, how much usual is staked right now?
Mava (AI Support)
Yes, it's normal. USUALx works as a vault share, meaning rewards are reflected directly in its value. Unlike USD0++ rewards, they donโt appear as 'Pending Rewards.' To view your rewards, simulate an unstake: the withdrawal amount will include your rewards (minus a 10% unstaking fee).
Mava AI BetaNoรฉ
# ๐คใtroubleshooting boss
chermiw_
I stake my usual since yesterday but reward hasn't reflected yet. is it normal?
Noรฉ
no ETA on it being locked again
Noรฉ
It isn't now because we wanted to let people redeem if they wanted post-airdrop (from the prelaunch) and ensure a smooth launch
ravished
this is good. When will USD0++ be locked and why isn't it now?
Can be swapped like always, right now it can be redeemed in the primary (wasn't the case during prelaunch), but once fully activated:
- Still able to swap at market price
- Able to redeem at a Floor Price
- Able to redeem through Early Redemption: user has to pay an amount of $USUAL vs the 1:1 redeem on the primary market. This amount depends on weekly outflows, time before maturity and so on. This amount is 1/3 burned, 1/3 redistributed to USUALx.
no need to say that this will be heaaavily arbed, so i expect the secondary market to still be really close to 1:1 (or completely 1:1)ravished
but it protects the TVL because who ever sells USDO++ will be replaced with the buyer
Noรฉ
Can be swapped like always, right now it can be redeemed in the primary (wasn't the case during prelaunch), but once fully activated: - Still able to swap at market price - Able to redeem at a Floor Price - Able to redeem through Early Redemption: user has to pay an amount of $USUAL vs the 1:1 redeem on the primary market. This amount depends on weekly outflows, time before maturity and so on. This amount is 1/3 burned, 1/3 redistributed to USUALx. no need to say that this will be heaaavily arbed, so i expect the secondary market to still be really close to 1:1 (or completely 1:1)
ravished
but the goal for the individual is to earn from the growth of the protocol, you are not just earning the revenue from the TVL but also from the growth.
Ronaldinho777
whats rev, tvl and tether?
ravished
it makes sense, share the rev with investors and grow the TVL thats how we beat tether
Ronaldinho777
https://tenor.com/view/blackbeard-blackbeard-writing-taking-notes-writing-gif-17583038544116987898
Mava (AI Support)
ravished
can it be swapped in the market?
ravished
this I need to read more about.
Noรฉ
not fully activated yet tho
yes, this took me some time to understand but the actual revenue based off TVL does have an impact on that so TVL should be protected at all costs.Noรฉ
That's why USD0++ is technically locked until maturity (2028)
ravished
yes, this took me some time to understand but the actual revenue based off TVL does have an impact on that so TVL should be protected at all costs.
noname
@Noรฉ are there any investors or events scheduled for January ?
fredchan17999
Anywhere you put your money, like this project
Ronaldinho777
what research exactly
fredchan17999
Iโm serious bro, but u also need to do research on your own cuz its your money
Ronaldinho777
is this serious or a joke
fredchan17999
Yeh, 10 years then u will definitely get a house, same to me LOL ๐ค
Ronaldinho777
i will stack 10 years
Noรฉ
also you're forgetting about the rev-switch: USUAL's price has no impact on that
I understand, meaning more revenue in tokens for ppl who are staking, but in meantime those tokens value won't be as same as now, it will just go down, no?Noรฉ
more emission compensate for that
Ronaldinho777
i just want to have a chance to buy a house in 10 years without working 80 hours a week in this economy
Drake
I understand, meaning more revenue in tokens for ppl who are staking, but in meantime those tokens value won't be as same as now, it will just go down, no?
Noรฉ
exactly, it's not like staking is a short-term behavior
I mean what's the point of more % distribution if the value of the token will go to the ground?fredchan17999
Whats if it will raise back in the future that no one can predict ๐
SatoshiXXX
Dune link please
Noรฉ
I mean what's the point of more % distribution if the value of the token will go to the ground?Noรฉ
because the APY goes higher...?
kiratsunami
Check dune for that
SatoshiXXX
How many % of usual is staked inside usualx right now?
Nanobro
thank uu
Well it's not high but doesn't matter, the goal is not to prevent people from selling: they can sell. But if they do, they pay a 10% unstaking fee on the whole amount unstaked, which is partially redistributed to those who stay staking, and partially burned.Drake
I mean what's the point of more % distribution if the value of the token will go to the ground?
Noรฉ
Mava (AI Support)
USD0 tokens can be minted by depositing eligible Real World Assets (RWAs) or USDC into the protocol. The minting process is managed by the DAO Collateral contract and SwapperEngine, which have the authority to mint new USD0 tokens when there is sufficient backing in the treasury. Similarly, the burning (unminting) of USD0 tokens is also managed by the DAO Collateral contract and SwapperEngine to ensure proper supply management and redemption functionality. References: 1,2
Mava AI Betakiratsunami
W e b sit e please
Nanobro
who can mint/unmint usd0?
Noรฉ
share what boss
Noรฉ
?
kiratsunami
Can you share it ?
JazzySt
I wish we knew lol
Ronaldinho777
ok understood
JazzySt
๐ฝ
JazzySt
Forex too
bongoking1853
Yes big sad
Again itโs all over not just crypto
Noรฉ
@ravished let me double check
JazzySt
Go check stocks or the Asia pacific market
Mava (AI Support)
Yes, if someone stakes after 50% is already staked, they are still considered for rewards. The rewards are distributed based on the proportion of USUAL staked in the system, so any new staker will be included in the calculation from the moment they stake.
Mava AI Betaravished
but if someone stakes a minute after 50% is staked are they considered as well?
Noรฉ
so if there's 31 days and we reach 50% on the 28th, we'll redistribute 3 days
@Noรฉ if 50% gets locked are only the usualx prior to that time considered for rev share for that month?Noรฉ
It'll be proportional to the number of days
Mr. Lin
Welp
ravished
@Noรฉ if 50% gets locked are only the usualx prior to that time considered for rev share for that month?
Ronaldinho777
128 usualxs
HOLD
bongoking1853
All my 124 usual
Still holding tho
Noรฉ
chill as a cucumber
ravished
USD0 is doing fine though
ravished
BTC fudding
Noรฉ
# ๐งใspeculation
Noรฉ
because everything is dumping hard
bongoking1853
Why is it dumping hard
Noรฉ
the Usual
ravished
one of the more important metrics to watch as a usualx holder
fredchan17999
Yeah, got it sir
Noรฉ
Yes
just to clarify
fredchan17999
As long as USD0 keep the peg, USUAL never collapse I believe
That 10% isn't really high compared to the monthly income, So IYO, don't you see that it the value of USUAL in $ will get lowNoรฉ
Well it's not high but doesn't matter, the goal is not to prevent people from selling: they can sell. But if they do, they pay a 10% unstaking fee on the whole amount unstaked, which is partially redistributed to those who stay staking, and partially burned.
Usual
Apakata Creative
Can you please help me?
Mostly the rev-switch. If more USUAL are sold, it means less are staked, meaning the APY increases exponentially. You find an equilibrium with that.
but currently the whole market is just dying so...ravished
is USD0 TVL the driver for revenue?
Drake
That 10% isn't really high compared to the monthly income, So IYO, don't you see that it the value of USUAL in $ will get low
basedscarf
I will arb any usd0++/usd0, dont worry
noname
@Noรฉ of the USUAL coin.
@Noรฉ is there any amount of sell off that could represent a issue for the protocol ? Is there any mechanism that could intervineNoรฉ
sell off of what? which asset?
M N Khan
Thank u
noname
@Noรฉ is there any amount of sell off that could represent a issue for the protocol ? Is there any mechanism that could intervine
I only get to claim rewards when i unstake? so i have to pay 10% to claim these rewards even after months of stakingbasedscarf
The usual to usualx ratio changes over time. This means you will receive more usual for your usualX in the future than you would receive right now
Noรฉ
# ๐งใspeculation boss
fredchan17999
But if you stake for months, 10% is actually not too big, you still have profits
if your buying price is too high from here. You may also consider to stake some hold some and earn some rewards while we all wait for the recovery(hopefully soon)M N Khan
My average buying price is 1.13 but not in any hurry
I only get to claim rewards when i unstake? so i have to pay 10% to claim these rewards even after months of stakingNoรฉ
Yes, those fees are distributed to those who stay staking
Hi I am usual Coin holder of 150000 Usual want to know if I don't stake and wait for price to go up is ok coz I am traderbasedscarf
Yes is ok (nfa)
I only get to claim rewards when i unstake? so i have to pay 10% to claim these rewards even after months of stakingfredchan17999
Yes you do
M N Khan
My average buying price is 1.13
Apakata Creative
How to resolve my problem?
Drake
I only get to claim rewards when i unstake? so i have to pay 10% to claim these rewards even after months of staking
Hi I am usual Coin holder of 150000 Usual want to know if I don't stake and wait for price to go up is ok coz I am traderDereal
if your buying price is too high from here. You may also consider to stake some hold some and earn some rewards while we all wait for the recovery(hopefully soon)
Noรฉ
Bybit has no USD0++ deposit address
Apakata Creative
Yes your correct
BingChilling
that what written in the chain
I have USD0++ at my wallet as staking.. I swap to USDT at my exchange address.. and havenโt any comingBingChilling
u dont swap blud u send usd0++ to bybit
Apakata Creative
I have USD0++ at my wallet as staking.. I swap to USDT at my exchange address.. and havenโt any coming
Noรฉ
you have to ask them if they can recover the funds
and they only have perps
you deposited USD0++ on Bybit
I don't see any USDT here
BingChilling
how ? bybit don't have usd0++ ?
Apakata Creative
Correct.. from Bybit
Guys, I need help.. I swap from Wallet USD0++ to USDT Exchange.. And my coin get stuck.. I need help how to resolve the problem..Hi I am usual Coin holder of 150000 Usual want to know if I don't stake and wait for price to go up is ok coz I am traderMava (AI Support)
As a trader, you can choose to hold your USUAL coins without staking if you believe the price will increase. Staking is an option for those who want to earn additional rewards, but it's not mandatory. Your strategy depends on your trading goals and market outlook.
Mava AI BetaM N Khan
Hi I am usual Coin holder of 150000 Usual want to know if I don't stake and wait for price to go up is ok coz I am trader
ravished
FDV/TVL is closer to 1 than it was yesterday. Be interesting to see how low it goes
Apakata Creative
https://etherscan.io/tx/0x955f3d321475f439cb89addda51789258ef9999d4c115b33f34f20ff9c5b0c9f
Guys, I need help.. I swap from Wallet USD0++ to USDT Exchange.. And my coin get stuck.. I need help how to resolve the problem..
Noรฉ
it's negative EV to stake and claim everyday
Noรฉ
Well, to claim your USUALx rewards you have to unstake and pay a 10% unstaking fee so whatever
Hi usual
Thx Noe
Noรฉ
Gm sir, I'm waiting for our quants to be available
Drake
@Noรฉ What are your thoughts?
Can someone explain please what is 7 day verification period. Ive been staking usd0 for more then 7 days and still get this?Mava (AI Support)
The 7-day verification period refers to the time you need to wait before you can claim your rewards from USD0++. Even though rewards accumulate daily, you can only claim them after this 7-day period. If you've been staking for more than 7 days and still can't claim, ensure that the rewards you are trying to claim are indeed past the 7-day period.
Mava AI BetaHi usual
@Noรฉ can you solve my issue? Thx a lot
marvak
Can someone explain please what is 7 day verification period. Ive been staking usd0 for more then 7 days and still get this?
yes if you keep holding from 1feb to march you will get usd0 after fee switch enabled.
so you don't have to sell your usualxNoรฉ
let's stay polite
Drake
I understand, thats why i called you clown ๐ its okay bud, u are a fav clown โค๏ธ
Noรฉ
# ๐งใspeculation
ravished
its called a joke
Metallic1997
Usual is below 0.66 now ๐ฆ
ok, so just stake usual to usualx and check debank to understand how much my usualx quantity increasing?
Deicide
Yuh. Then come back a few months later and buy a G6. That's the plan.
ok, so just stake usual to usualx and check debank to understand how much my usualx quantity increasing?BingChilling
yes if you keep holding from 1feb to march you will get usd0 after fee switch enabled. so you don't have to sell your usualx
ok, so just stake usual to usualx and check debank to understand how much my usualx quantity increasing?Mava (AI Support)
Yes, when you stake USUAL to USUALx, you can check your position on DeBank. Your USUAL amount should increase once you've staked it, even though the USUALx quantity itself doesn't increase.
Mava AI Betayildiz
ok, so just stake usual to usualx and check debank to understand how much my usualx quantity increasing?
ravished
@BingChilling said infinity, I was just taking a piss
BingChilling
i mean if everybody sell btc can go to zero
Deicide
Until you get usd0 for it.
Deicide
Auto compounding.
๐คฃ
Metallic1997
It confirm my fears of usual being inflationist if everybody sell!!!
Mava (AI Support)
To receive rewards for staked USUALx, you need to 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 Betayildiz
so how to receive rewards for staked usualx?
If maths are correct : 213% of APY when having 17000= (17000X213)/12=3017usual/month !!! HugeBingChilling
yes yugee
ok, my debank only showing quantity of staked usual, and so I have a usualx now.
but on the usual.money app there's no rewards for staking usual for 3 days
As I understand I can claim rewards everyday but still nothingBingChilling
the reward is compounded the app only for usd0++ reward u claim yourself. u dont need claim yourself it compounded gas fee
Drake
same
ravished
Mava threw me off
Metallic1997
If maths are correct : 213% of APY when having 17000= (17000X213)/12=3017usual/month !!! Huge
213% usual is high, thats why i see on x (twitter) people talking about usual binance being inflationistDeicide
The system is there. USUAL isn't enforcing rules on what people do with rewards. But will also incentivise people who stake usual.
ravished
and your percentage of that is based on your equity in the pool
yildiz
ok, my debank only showing quantity of staked usual, and so I have a usualx now. but on the usual.money app there's no rewards for staking usual for 3 days As I understand I can claim rewards everyday but still nothing
ravished
basically the APY of USD0 to Usualx is just a calculation of total USD0 revenue / Usualx
ok chatgpt got it "Is it a percentage of the dollar value of the staked USUAL or of the units of staked USUAL?โ
Itโs based on the units (i.e., the number of tokens) youโve staked. Your USD0 rewards are proportional to your share of the total staked USUALx supply, not the dollar value of your stake."BingChilling
finally you got it
Drake
meaning if we stake, we'll recieve rewards of tokens that value 0.0001$ in near future
BingChilling
u can get usd0 when u stake in 1 feb
ravished
ok chatgpt got it "Is it a percentage of the dollar value of the staked USUAL or of the units of staked USUAL?โ Itโs based on the units (i.e., the number of tokens) youโve staked. Your USD0 rewards are proportional to your share of the total staked USUALx supply, not the dollar value of your stake."
213% usual is high, thats why i see on x (twitter) people talking about usual binance being inflationistDeicide
I havent seen it under 200.
Metallic1997
213% usual is high, thats why i see on x (twitter) people talking about usual binance being inflationist
Deicide
I think usualx apy is dynamic.
marvak
I dont understand the 7 day verification period. Ivebeen staking usd0 for longer then 7 days and still get this massage in app
Metallic1997
Ok i will check pendle.
so I am starting to earn from the moment that I staked my usual? but need to wait 7-day verification period, and after that I will receive rewards for 7 days of staking, right?Mava (AI Support)
When you stake your USUAL into USUALx, you start earning rewards immediately as they auto-compound into your position. There is no 7-day verification period for USUALx rewards. The 7-day period applies to USD0++ rewards, not USUALx.
Mava AI Betaso I am starting to earn from the moment that I staked my usual? but need to wait 7-day verification period, and after that I will receive rewards for 7 days of staking, right?BingChilling
that's for usd0++
yildiz
so I am starting to earn from the moment that I staked my usual? but need to wait 7-day verification period, and after that I will receive rewards for 7 days of staking, right?
@Mava (AI Support) hello. Can you tell me for 17000 usual how much i get ? I need to also inform my community in binance tiktok the numbers. It will encourage increase usual prince on binanceMava (AI Support)
To calculate how much you will earn from staking 17,000 USUAL, you need to consider the current APY (Annual Percentage Yield) and the specific terms of the staking pool you are using. Unfortunately, I don't have the exact APY or the specific staking terms available. You can use the Pendle calculator to simulate the amount of USUAL you will receive by the maturity date based on the future APY. This will give you a more accurate estimate.
Mava AI BetaMetallic1997
@Mava (AI Support) hello. Can you tell me for 17000 usual how much i get ? I need to also inform my community in binance tiktok the numbers. It will encourage increase usual prince on binance
ok, staked few days ago and nothing. I have to wait that 7-day verification period before distributions begin?BingChilling
instantly check in debank.com/profile/
Mava (AI Support)
The APR for staking can vary based on the specific staking pool and conditions at Usual. To find the current APR, you should check the staking platform or dashboard where you are staking your tokens. It will provide the most accurate and up-to-date APR information.
Mava AI Beta
Guroxxx
Whats the APR for stake?
ok, staked few days ago and nothing. I have to wait that 7-day verification period before distributions begin?Mava (AI Support)
Yes, for USD0++ rewards, there is a 7-day verification period before you can claim them. However, USUALx rewards auto-compound into your position and do not require a 7-day verification period.
Mava AI Betayildiz
ok, staked few days ago and nothing. I have to wait that 7-day verification period before distributions begin?
BingChilling
yes u can check in usual app and see the apy
Mava (AI Support)
Yes, after you swap your USUAL to USUALx, it starts earning APY. USUALx works as a vault share, meaning rewards are reflected directly in its value. The rewards are autocompounded, and you can unstake whenever you want.
Mava AI Betayildiz
after I swaped my usual to usualx it starning to earn apy?
ravished
set asside the 216 usual earned from the stake and only look at the rev share
this is confusing AF. Can anyone answer me this. If you stake 100 usual to usualx and that value is currently $80 are you earning a) 53% APY on $80 or b) 53% USD0 on the 100 units of usualx?
Osula
@Noรฉ b on the usual. You get more usual, which is compounded.
Drake
what a clown
ravished
this is confusing AF. Can anyone answer me this. If you stake 100 usual to usualx and that value is currently $80 are you earning a) 53% APY on $80 or b) 53% USD0 on the 100 units of usualx?
steve-o
So see you guys in one or two years? Usual will go very high
@Mava (AI Support) how is the APR even calculated when its USD0 earned on a unit of usualx? How do you give a percentage of that if the earned token is different from the staked token?Mava (AI Support)
The APR calculation for earning USD0 on USUALx involves determining the value of the rewards in USD0 relative to the value of the staked USUALx. The APR is expressed as a percentage of the initial investment in USUALx, even though the rewards are in a different token (USD0). This is done by converting the earned USD0 into a dollar value and comparing it to the initial value of the staked USUALx.
Mava AI Betaravished
@Mava (AI Support) how is the APR even calculated when its USD0 earned on a unit of usualx? How do you give a percentage of that if the earned token is different from the staked token?
Drake
per month
Metallic1997
If someone knows
BingChilling
infinity
Drake
Anyone got idea?
I have 16k usual bought when usual was launched at high price. Now down but a lot (more than 50%). What should i do ? Advice ?Metallic1997
I have 16k usual bought when usual was launched at high price. Now down but a lot (more than 50%). What should i do ? Advice ?
ravished
so MAVA contradicted itself, wouldn't be the first time
BingChilling
no businss as usual. only concern is usd bond go to zero
Metallic1997
So the fact that it is down no one cares i mean, its not impacting the business
so revenue is earned on the units of usual? So if you have a 100 usual you earn revenue on that regardless of the value of those 100 usual? How is APR even calculated in that case?Mava (AI Support)
Yes, revenue is earned based on the units of $USUAL you hold. The value of those units can change, but the revenue distribution is based on the number of tokens. The APR (Annual Percentage Rate) is calculated based on the protocol's revenue and the number of $USUAL tokens staked. As the protocol's revenue grows, the APR can increase, reflecting the higher earnings per token. References: 1
Mava AI Betakiratsunami
the price can only drop the TVL when the % of stakers is low the more people are staking the more the TVL will become decorelated from the market price of Usual and will become more & more tied to interest rates
ravished
so revenue is earned on the units of usual? So if you have a 100 usual you earn revenue on that regardless of the value of those 100 usual? How is APR even calculated in that case?
BingChilling
for u to trade buy/sell
unser
is there a way to tell how much usual is on binance? vs onchain
famousfxck
Btw treasury yields are going up
Metallic1997
So what is the tole of usual coin in exchanges ?
all the revenue is given to UsualX stakers
there is 123,742,686 UsualX eligible,
if you had this amount you d get 100%
if you have 1/2 you get 1/2
its based on your share in the pool, I don't see how the price of UsualX can affect how much you will get
(yes if UsualX price go down it can drive the TVL and revenue with it )
+ Noรฉ said mava is wrongravished
maybe the revenue drops as the price drops
BingChilling
usd0++ stake version of usd0 usualx is stake version of usual
Metallic1997
Are investing in usd0 usualx or just usual ?
BingChilling
BingChilling
check debank.com/profile/
JazzySt
Do not log onto debank just search wallet address
JazzySt
Enter your wallet address it will show you how much you have now
sefishyโข โ
Itโs reflecting in the value of your Usualx
Metallic1997
What are your views on usual coin perf?
JazzySt
Go onto debank.com
JazzySt
Yes sir
Usual
steve-o
Can someone help me
Mava (AI Support)
To view your rewards from staking USUALx, you can simulate an unstake. The withdrawal amount will include your rewards, minus a 10% unstaking fee. Essentially, your vault share increases in worth over time, allowing you to withdraw more than you initially deposited.
Mava AI Betaunser
If your usual is onchain I canโt see any reason not to stake for usualx? Or are a large portion of tokens on binance
steve-o
Ehi guys ive been i stack and holding usual x for 2 weeks now but still i didnt earn nothing
Mava (AI Support)
You don't have to buy USUALx or USUAL through Binance. You can stake USUAL to get USUALx through the Usual dApp. It's important to make investment decisions based on your own research and risk tolerance.
Mava AI BetaMetallic1997
Do i have to buy usualx or usual through Binance, price is dropping a lot. I m afraid.
ElBingo
Aha and USUAL stakers receive rewards from USD0
daily dilution is with Usual not UsualX
but yes the nbr of eligible UsualX tokens can go upGunner funk
Thats called dilution lol
Drake
One more question, how much profit i get for 1000 USUAL in the new program?
Metallic1997
Is the dillution not an issue ? Putting usual price lower ?
BingChilling
yes
ElBingo
usd0++ then receives USUAL rewards?
kiratsunami
daily dilution is with Usual not UsualX but yes the nbr of eligible UsualX tokens can go up
Metallic1997
all the revenue is given to UsualX stakers
there is 123,742,686 UsualX eligible,
if you had this amount you d get 100%
if you have 1/2 you get 1/2
its based on your share in the pool, I don't see how the price of UsualX can affect how much you will get
(yes if UsualX price go down it can drive the TVL and revenue with it )
+ Noรฉ said mava is wrongGunner funk
There is also daily dilution involved
Metallic1997
.
BingChilling
withdraw to metamask wallet in eth network
Mava (AI Support)
To connect your USUAL from Binance to the Usual App, you need to withdraw your USUAL coins from Binance to your digital wallet using the Ethereum network. Once the coins are in your wallet, you can connect your wallet to the Usual App for further actions like staking.
Mava AI BetaBingChilling
u swap usd0++ directly
Drake
If i have USUAL on my binance account, how to connect it on USUAL APP?
the point is you earn the apr on the value of your position not on the units of usual so as the value goes down your percentage may stay the same but you are earning on a lower total valuekiratsunami
all the revenue is given to UsualX stakers there is 123,742,686 UsualX eligible, if you had this amount you d get 100% if you have 1/2 you get 1/2 its based on your share in the pool, I don't see how the price of UsualX can affect how much you will get (yes if UsualX price go down it can drive the TVL and revenue with it ) + Noรฉ said mava is wrong
ElBingo
okay so after I swap I can use USD0 for whatever, and stake it to USD0++ to earn on it?
Can someone explain to me how minting of USUAL works. So if I swap 100 USDC into USD0 do I receive USUAL or does that mean that more USUAL gets minted and emited to stakers or what?Mava (AI Support)
When you swap USDC into USD0, you do not directly receive USUAL tokens. However, the minting of USUAL is influenced by the overall activity within the protocol. The whole supply of USUAL generates revenue, and based on this revenue, USUAL is minted according to a minting factor detailed in the whitepaper. This means that increased activity, such as swapping USDC into USD0, can contribute to the conditions under which more USUAL might be minted and distributed to stakers.
Mava AI Betaravished
the point is you earn the apr on the value of your position not on the units of usual so as the value goes down your percentage may stay the same but you are earning on a lower total value
ElBingo
Can someone explain to me how minting of USUAL works. So if I swap 100 USDC into USD0 do I receive USUAL or does that mean that more USUAL gets minted and emited to stakers or what?
if the value of your usual is $100 today, you earn your apr on that, if it is $1000 a month from now you earn it on that. Has nothing to do with when you bought it, it only has to do with the current value.kiratsunami
cap
Lets say that if 2 people buy same amount of USUAL, one at 0.2 and one at 1.6.
If both of them stake and have same amount of USUALX, they got the same USD0 I believefamousfxck
See ๐คทโโ๏ธ
Noรฉ
Mava is not correct
kiratsunami
well Mava is saying something different from what you are saying
ravished
i understand it clearly
you make it on the CURRENT dollar value of your usual which changes everytime there is a change in the market
famousfxck
@Noรฉ can you clear up this misunderstanding
Lets say that if 2 people buy same amount of USUAL, one at 0.2 and one at 1.6.
If both of them stake and have same amount of USUALX, they got the same USD0 I believekiratsunami
correct
unser
if u bought high it means u have less usualx, which means u will get less rev share
fredchan17999
Lets say that if 2 people buy same amount of USUAL, one at 0.2 and one at 1.6. If both of them stake and have same amount of USUALX, they got the same USD0 I believe
@Mava (AI Support) does the revenue share for usualx pay per unit of usualx or per the total dollar value of your stake?famousfxck
This is about USUALx vault
kiratsunami
I shared the excel and the math is simple total nbr of Usual : 123,742,686 you calculate your share and you will see how much you will get out of 5.8m a month
you are believing that you will get reward based on the price you bought them at, How will Usual know when and the price of the tokens that you bought on a CEX or DEXravished
no, you are misunderstanding
famousfxck
Ofcourse itโs not HUGE, but itโs still nice revenue. Better than nothing
@Mava (AI Support) does the revenue share for usualx pay per unit of usualx or per the total dollar value of your stake?ravished
@Mava (AI Support) does the revenue share for usualx pay per unit of usualx or per the total dollar value of your stake?
famousfxck
Should be like 2-3% APR monthly
kiratsunami
you are believing that you will get reward based on the price you bought them at, How will Usual know when and the price of the tokens that you bought on a CEX or DEX
Mava (AI Support)
I'm sorry, I don't have an answer for that. Please try rephrasing your question or asking for help in a different way.
Mava AI Beta
I just did "so if you have 100 usual worth $150 you make your APR on the $150, if its worth $75 you make your APR on the $75. Its based on the value of the usual at the time not on the units"BingChilling
how is that make sense price always up and down how you time it and decide ?
ravished
I know, im just teling you what I learned, it could be wrong, it would be nice to hear from @Noรฉ
Gabee
@Mava (AI Support) are you human?
HansC
thanks!!!!
kiratsunami
MAVA is IA, you can make it say whatever you want
famousfxck
Mava isnโt always correct heโs an AI bot
ravished
im not coping, coping would be to believe something that isnt true
ravished
not according to MAVA yesterday
I just did "so if you have 100 usual worth $150 you make your APR on the $150, if its worth $75 you make your APR on the $75. Its based on the value of the usual at the time not on the units"kiratsunami
you are coping cause you bought at the top
ravished
I just did "so if you have 100 usual worth $150 you make your APR on the $150, if its worth $75 you make your APR on the $75. Its based on the value of the usual at the time not on the units"
the APR is based on the CURRENT value of your position and the APR changes as more usual is staked but its always based on the VALUE of your usual not on the unitsfamousfxck
Nah cap
Sammyy
BingChilling
dune.com/usual_team/usual
the APR is based on the CURRENT value of your position and the APR changes as more usual is staked but its always based on the VALUE of your usual not on the unitskiratsunami
how do you know that
HansC
where did u see that??i canโt find it trought the web
the APR is based on the CURRENT value of your position and the APR changes as more usual is staked but its always based on the VALUE of your usual not on the unitsBingChilling
give me example ?
ravished
the APR is based on the CURRENT value of your position and the APR changes as more usual is staked but its always based on the VALUE of your usual not on the units
kiratsunami
not really, yesterday it was like 37.2% or smt it's slowing down ... I don't think we will reach 50% before Feb
ravished
no
BingChilling
u said we got apr based on when u buy usual ?
ravished
im not sure I understand your question
where we can see the % of holders in order to know if the switch will be operative now or 1rst of february?Sammyy
currently 38% of USUAL is on staked
where we can see the % of holders in order to know if the switch will be operative now or 1rst of february?Mava (AI Support)
To see the percentage of USUAL tokens staked as USUALx, you would typically need to check the Usual protocol's dashboard or any official communication channels they provide. This information might be available on their website or through their community updates.
Mava AI Betakiratsunami
where did you read this
so if you have 100 usual worth $150 you make your APR on the $150, if its worth $75 you make your APR on the $75. Its based on the value of the usual at the time not on the unitsBingChilling
so if i stake my usual from usd0++ reward i get 0% apr ?
ravished
but you are earning it on the VALUE of your position not on the units of usual you hold
HansC
where we can see the % of holders in order to know if the switch will be operative now or 1rst of february?
ravished
you are earning USD0
so if you have 100 usual worth $150 you make your APR on the $150, if its worth $75 you make your APR on the $75. Its based on the value of the usual at the time not on the units
unser
Went up from 36.53% since announcement to 38.06%. making progress
somebody can help me??where I can see wich RWA we are using to safe our money??I know once are in T-bills!!!but it can not cover all our investmentsMava (AI Support)
USD0 is primarily backed by tokenized AA-grade short-term maturity Treasury Bills. Usual Money's risk management strategy involves diversifying collateral holdings across money market funds and Real World Assets (RWAs) to enhance stability. For more detailed information on the specific RWAs used, you may want to check Usual's official documentation or contact their support team for the latest updates. References: 1
Mava AI BetaThe problem with the revenue share that I only figured out yesterday is that its based on the value of your position so if you bought usual like I did, near the local top, you are getting revenue on the value of your position not on the unit of your usual which I guess makes sense but it doesn't exactly slow the flywheel.BingChilling
make zero sense how about i get usual from usd0++ yield ?
somebody can help me??where I can see wich RWA we are using to safe our money??I know once are in T-bills!!!but it can not cover all our investmentsUsual
HansC
somebody can help me??where I can see wich RWA we are using to safe our money??I know once are in T-bills!!!but it can not cover all our investments
ravished
you are earning revenue on the dollar value of your usual
The problem with the revenue share that I only figured out yesterday is that its based on the value of your position so if you bought usual like I did, near the local top, you are getting revenue on the value of your position not on the unit of your usual which I guess makes sense but it doesn't exactly slow the flywheel.kiratsunami
"its based on the value of your position so if you bought usual like I did, near the local top, you are getting revenue on the value of your position not on the unit of your usual" Whaaaaaaaaaaaaaaaaaat ? Where did you read this ?
unser
yeah soz I left out the 0.06% lol
ravished
if the value of usual goes down so does your revenue
kiratsunami
you can always create an account and refresh it
kiratsunami
2h ago it was 38.06%
ravished
The problem with the revenue share that I only figured out yesterday is that its based on the value of your position so if you bought usual like I did, near the local top, you are getting revenue on the value of your position not on the unit of your usual which I guess makes sense but it doesn't exactly slow the flywheel.
unser
Thanks. So itโs still 38%
kiratsunami
.
ravished
link it, I don't see it, what is NBR?
Sammyy
its going to flow to secondary market no unstaking fees
unser
Is there a dashboard that shows what % of usual is currently staked?
sefishyโข โ
10% fee for unstaking
Lucaswestbrook | Keep Bored
Is there somewhere I can leave my Usual as collateral?
Mava (AI Support)
When you stake USUAL, the amount of USUALx you receive does not increase, but the USUAL you can unstake with it increases. This means that while your USUAL balance appears higher on DeBank, the actual amount you can unstake may be affected by fees or other factors.
Mava AI BetaSammyy
why the USUAL amount show on debank is higher but when unstaking is lesser?
kiratsunami
based on the nbr of eligible UsualX see my screenshoots above
ravished
@Noรฉ if 50% was locked today does that mean only people prior to the lock participate for the first month or can people continue to lock that day and participate?
ravished
From the rev share in Feb or when 50% is locked
ravished
How did you figure that out? I was trying to figure it out yesterday
Hi usual
@Noรฉ I replied please check thanks
cool, now works
Noรฉ
go to the swap page, USD0 to USDC, click on USDC and choose USYC (I think it works like that)
kiratsunami
what APR ?
Noรฉ
it's from USD0, not from USD0++
Noรฉ
USYC is the underlying for USD0
Noรฉ
No you should redeem USD0 for USYC on our dapp and then redeem USYC for USDC on Hashnote's
Noรฉ
or swap page, one of them
Noรฉ
are you on the unstake page?
famousfxck
Btw if 50% are staked, we should get 28% APR if anyone was interested
76ixer
will be nice if you can help, im trying to keep the peg, pegged ๐
76ixer
can't see the option, doesn't appear, could you please help?
ravished
Because they aren't UST that's why
BingChilling
kiratsunami
DAYUM
Noรฉ
yeah we're that nice
rn USUAL* (team and investors) get absolutely zero from the revenue-switch
not 90%
@Noรฉ
I think in my calculations I was wrong
this is the yearly revenue, what the protocole will give to UsualX holders is 90% of it
the APY of the revenue switch (let's say it's 50% you are not going to give just 1/2 of it right ? ) is just a method of calculation to see how much based on Usual prrice how much revenue to expect
kiratsunami
@Noรฉ I think in my calculations I was wrong this is the yearly revenue, what the protocole will give to UsualX holders is 90% of it the APY of the revenue switch (let's say it's 50% you are not going to give just 1/2 of it right ? ) is just a method of calculation to see how much based on Usual prrice how much revenue to expect
76ixer
you really know things
oh okay
Noรฉ
to redeem USD0
now that I have USD0 and I'm onboarded with Hashnote, how should I get USYC to unstake from Hashnote?Noรฉ
connect to the dapp with your whitelisted address and the option should appear
lmeow
mybad
ah
now that I have USD0 and I'm onboarded with Hashnote, how should I get USYC to unstake from Hashnote?Noรฉ
Yes exactly boss!
76ixer
now that I have USD0 and I'm onboarded with Hashnote, how should I get USYC to unstake from Hashnote?
Noรฉ
it's not yield bearing or whatever sir
Noรฉ
No, USD0++ rewards are in USUAL
76ixer
yep, should I get more than 1.00, right? because the interest
BingChilling
the only demand stablecoint yield bearing is outside US lol. i don't want hold my local currency.
why when unstaking usd0++ got a worse exchange rate than 1.00 ?? if the interest is going canalized from USD0++ to USD0 I should get more than 1.00 rate.alishahab
can usual on telegram chat reactivated?
BingChilling
bruhh because that collateral money. usual is given to usd0++ holder which is community
why when unstaking usd0++ got a worse exchange rate than 1.00 ?? if the interest is going canalized from USD0++ to USD0 I should get more than 1.00 rate.Mava (AI Support)
When you unstake USD0++, you should generally receive an exchange rate close to 1:1. However, the exchange rate can be influenced by market conditions and liquidity at the time of unstaking. If the interest is being canalized from USD0++ to USD0, it might not directly affect the exchange rate but rather the yield or rewards you receive. If you are experiencing a worse exchange rate, it could be due to temporary market fluctuations or slippage.
Mava AI BetaMr. Lin
Am i truly reading this in 2025
Noรฉ
76ixer
why when unstaking usd0++ got a worse exchange rate than 1.00 ?? if the interest is going canalized from USD0++ to USD0 I should get more than 1.00 rate.
Why you #usual, not holding your own coin?
kiratsunami
almost 5% that's insane return ...
for example with 3500 UsualX I will earn 165 USD
That's almost double what I'm earning with PendleGabee
I see.. Pack your suitcase son, we lost the house
alishahab
i mean people are panicking because telegram chat are locked, not many people into discord
76ixer
im onboarded with Hashnote
Guys, this is a General discussion forum for Usual and related topic. Most of us do not care about discussing languages, religion, controversial flags or ideas around different culture. So, please stop it here that we're fed up.Gabee
What are you on about? Jokes are forbidden? Read the discussion please
Noรฉ
Gm Gm, to redeem USD0 on the primary market you need to be onboarded through our main collateral provider, Hashnote
alishahab
maybe its because admin lock telegram chat
76ixer
I can't find the way to do it in the website
Mava (AI Support)
You can redeem USD0 for USDC directly at Usual's counter by withdrawing the Real World Asset (RWA) underlying the USD0 token. This method avoids the secondary market and its potential wide spreads. Reference: 1
Mava AI Beta76ixer
hey, how can I redeem USD0 to USDC? not in the secondary market where the spread is too wide.
Hi usual
@Noรฉ hi noe
ravished
Probably tether behind those shorts
famousfxck
FDUSD is like the worst stablecoin out there imo
ravished
I feel like its the 1800 in america before the federal reserve bank notes
famousfxck
Or actually like all stablecoins rn
ravished
Replace fusd with usds
Its heading in the wrong direction, we are going to have to change the goal posts from DAI to FUSD again.kiratsunami
we are almost going to conquer AAVE ...
famousfxck
We are declining like FDUSD
Its heading in the wrong direction, we are going to have to change the goal posts from DAI to FUSD again.kiratsunami
75M
ravished
Its heading in the wrong direction, we are going to have to change the goal posts from DAI to FUSD again.
What was the revenue before?
famousfxck
1.88
ravished
From 1.81
Emp
New low below 89k an not just a wick an I sell everything
famousfxck
Meh itโs still at 1.74B$
ravished
What was rev before?
kiratsunami
I want to sell all my coins and buy Usual ...
Emp
But I feel btc will fall
ravished
TVL, ouch
famousfxck
Holy fk
kiratsunami
I'm waiting for 0.62 to buy 5K EUR ...
Emp
I feel like buying more usual at these discounts
Emp
Oh woah
kiratsunami
yep
@Noรฉ what is the current fee of unstaking usd0++ to usd0 through the Usual primary market route?for example with 3500 UsualX I will earn 165 USD
That's almost double what I'm earning with PendleEmp
At what rate, per month?
meow239487lasf
@Noรฉ what is the current fee of unstaking usd0++ to usd0 through the Usual primary market route?
MoaTaz
@Noรฉ @Noรฉ can you advice me How much i will take from stacking 500 usual per day
Mava (AI Support)
USUALx rewards are calculated at each block but updated on the UI daily. Since USUALx acts like a vault share, its amount remains constant, but over time, you're able to withdraw more USUAL with them. To view your rewards, simulate an unstake: the withdrawal amount will include your rewards (minus a 10% unstaking fee).
Mava AI BetaNoรฉ
# ๐คใtroubleshooting
YaX
01/09/2025 at 06:50:51 ESTHello, yesterday I put 300 usualx to make a stack, but 24 hours have passed and I still haven't received anything more, am I doing something wrong?
ChainReaction
Is there any update concerning the form filled out last year for reward on arb network?
Mava (AI Support)
Staking 500 USUAL can be beneficial as it allows you to earn rewards over time. When you stake USUAL into USUALx, you receive a share of the staking rewards, which accumulate and can be withdrawn later. Additionally, staking USUAL provides governance participation and economic rights within the Usual protocol.
Mava AI BetaMoaTaz
Staking 500 usual will be useful?