CryCasher
is usual.money or my staked contract got attack by hackers and my funds is stoled any refund or something?
kris
will USUAL holders be shared revenue from the project?
Rohan
Any update on galx checker
imemyself 🤡
I am very excited that it is possible to make a swap usualx to usual bypassing the 10% commission It seems to me that this can have a very negative impact on the price of the token and the very value of its staking
CryCasher
thats good
famousfxck
Nice AI
treebeard
dune.com/usual_team/dashboard-draft
Usual
DeltaRomeo
bro it s good for everyone if he ask questions, good investors don't put money in weak project
famousfxck
Bro buy USD0++ and just enjoy the profits
CryCasher
oh i got 30k :(
famousfxck
USD0 is backed 1:1 by t bills
Just do it lol 😭
CryCasher
sorry sorry ahaha no problem
famousfxck
If you’re prepared to invest less than 50k$, stop asking stuff
DeltaRomeo
wdym?
CryCasher
ah not unlimited
Usual
DeltaRomeo
50%
CryCasher
yea but unlimited supply
What is the lowest APY rate that usd0++ has seen so far?
treebeard
Not unless you already have some (early investors, i.e. through echo, etc.), it's locked for a year
DeltaRomeo
but this project have potential 🤫
CryCasher
hmm
DeltaRomeo
certainly not
CryCasher
Will this stablecoin apr always be this high?
DeltaRomeo
Yes i have some claimable
OxygenG
can one obtain USUAL* rn?
DeltaRomeo
i don't have the time to reread the white paper right now 🥲
CryCasher
yea
DeltaRomeo
Yep your talking about the 7 days claimable rewards stacking USD0++
CryCasher
im talking about USDO++ apr rewards claiming
CryCasher
im not talking about that
DeltaRomeo
Noé — Hier à 20:03 Today’s distribution will take place with a 12-hour delay to align with the timing adjustments caused by last week’s airdrop. Still 36 hours of rewards, nothing lost, claim function is just delayed. Happy Christmas to everyone! 🎄
it s just for one day
CryCasher
oh
DeltaRomeo
for announcement delayed 36h i saw it recently
CryCasher
but i dont see it claiming after 7 days
i researched on whitepaper and usual announcements
DeltaRomeo
Maybe i read it but i don't remember everything
CryCasher
i dont see that rule on whitepaper
CryCasher
yes
DeltaRomeo
claimable after 7 days ?
famousfxck
25.8% staked
DeltaRomeo
USD0++, yes
CryCasher
Then did they just forget to write about it in the whitepaper?
spade1323
Does the system track 7 days for each individual wallet that stakes USD0?
DeltaRomeo
it s claimable after 7 days, but today it s delayed 36h instead of 24h if i understood well And your rewards not lost btw
CryCasher
mava is saying this but the docs is not saying that which one is true
spade1323
I have had USD0++ for 8 days. When does the pending rewards start to be claimable?
but you saying every week you can withdraw docs is not provide that
i just seeing unstake anytime but your rewards is burning
i mean which page
CryCasher
which one
JazzySt
# 🔗ㆍofficial-links
OxygenG
i swapped ETH to USD0++, I don't earn pills on them?
Gabee
There @Akile
CryCasher
I couldn't answer because I was on mute. Can you provide me with proof that I can withdraw every week without burning rewards, like a docs website?
JazzySt
They don’t have them captured
CryCasher
how can i see historical apr rate
OxygenG
reminder to never sign transactions\
theres an absurd amounts of USUAL scams going on in X already...
JazzySt
Told him thanks 😊
Akile
Where i can see this?
What does the number 494,600,000 represent?
treebeard
Can't really get higher stablecoin rates anywhere unless you use some leverage i.e. borrow looping. But also usd0++ could end up trading a bit below $1 at certain times, it's not exactly a stablecoin since there's a 4 year maturity for the underlying usd0. For now it's still instantly redeemable without fee though.
JazzySt
He wants to invest long term he doesn’t care about sitting on big amounts so it’s worth it
Gabee
You shouldn’t.
JazzySt
He just threw in the 600 number and he’s not worried about fees he is just interested in investing in a new project specially stable coin 🤣 I’m trying to convince him
treebeard
It may not be, but not due to the apy imo which is quite large, but rather due to eth mainnet fees which can be pretty high relative to a $600 deposit. Maybe wait for l2s to be integrated? If they're not already
JazzySt
And he calculated considering the apy going down an average of 1% a day not more like we are seeing. I told him he needs to do apr he said yes yes he’s just trying to get a rough estimate atm
@treebeard sorry to keep asking you lol but you seem to be on point with the numbers. He says he doesn’t feel it’s a worthy investment because he will only be getting around 6.47 tokens in 10 days with no other incentive
Akile
Why is the total supply over 494,600,000?
Gabee
Thank you!
Aldezo
"Yokai Spirit Realm" from "Capsule Community Curated Collection"
Gabee
I saw you linked to twtr but it got blocked right? It’s your nft? What’s the collections name
Aldezo
its an nft
Gunner funk
Projects should stop partnering with Galaxy. They got army of jeet zombies
Gabee
@Aldezo please, where is your profile banner from?
JazzySt
1 usual token to 0.9 usualx
yuradmt
Is there a USUALX/USUAL chart somewhere?
Aldezo
ayt
treebeard
No, with 600 usd0++
JazzySt
600$
Aldezo
basically how much usual is emitted for usd0++ on a daily currently
JazzySt
What is your question?
Aldezo
.63 usual per what usd0++?
JazzySt
He says cheers 🥂
JazzySt
I’m asking about the rewards
treebeard
53% apr (the apy is daily compounding), so 0.87 USD a day which is ~0.63 usual per day
Aldezo
anyone staking usd0++ and can say sth about usual rewards per day?
JazzySt
So APr for 70% apy should be around 41.18 (again he is asking) he’s on the phone with me calculating lol
Brad | Giraft.io
would you divide opending rewards by 7 to know what is released next epoch?
MiraiMhysa
got it thanks
treebeard
Pending includes claimable. So when you claim, pending goes down
MiraiMhysa
Are pending rewards and claiming rewards the same or separate?
Brad | Giraft.io
how do I see what portion is released in 24 hours vs 7 days?
treebeard
Should be a bit less than that
treebeard
Nope, need to use APR to figure out what you'd get after a day, not APY
Brad | Giraft.io
is there anyway to understand how and when "pending rewards" get distro
chip
is the APY calculated forwarded looking? i.e. if there is 1 million in TVL, and there are 800k in rewards, then APY is 80% or is it calculated based on historical rates?
JazzySt
@treebeard my friend invested $600 in USD0++ yesterday at days apy is it true he would get 1.54 tokens? Or are his calculations wrong
Jappix
Thank you for the clarification.
treebeard
The USD value on the usual app doesn't matter, it's probably using the LP rate rather than looking at the order book since the Jan pool is out of range
chip
how is the apy for USDO++ calculated? seems like my rewards are not equal to an 70% APY.
JazzySt
The audacity
lol he popped in to call the project a scam coming from the country that is renowned for phone, computer and crypto scamming
Jappix
I don't understand something: I noticed that some of my positions in YT USD0++ on the Usual Dapp have a valuation in USD approximately 30% lower than their valuation on the Pendle Dapp, even though the amount of YT USD0++ is correct and identical on both Dapps. However, other positions are perfectly identical on both Dapps, both in terms of YT USD0++ and their USD valuation. Why is this?
JazzySt
I don’t know tbh
JazzySt
No it’s not
Rafael
@wollks not
wollks
I thought max usual is 494.6m
Mr. Lin
lol
then they will come back here crying and say we need to compensate them
WOW
how many usual tokens are distributed today?
JazzySt
Call it something interesting like galxe usual rewards! They will flock there
Mr. Lin
that would be https://discord.com/invite/galxe
JazzySt
I told Noé to make their own chat for them
nein
Mr. Lin
im not bothered to answer the same question over and over again, go check the chat history thanks
LN123321
I remember they said it was 494.6m for this year on binance
Arav .xD
galxe check link
Arav .xD
and for galxe i am waiting
Rafael
As far as I know there is no suitable limit for this year
LN123321
usual max total supply is 495m , i though it was 494,6m for this year
Saifur
Wen galxe user airdrop???
Usual
Cracksteren
# Channel Not Found could you help me here ser
Mr. Lin
you're comparing apples and oranges tbh
Mr. Lin
you need time to verify all the information - minted usd0 corresponding to how much usual is distributed at a particular time etc
Gunner funk
I think you can claim curve at anytime. No epoches., Atleast in convex finance
Mr. Lin
And each protocols have their own ways of doing things, its just how it is
Mr. Lin
might have to ask curve for that
Gunner funk
Is curve following same epoches
Gunner funk
Are they done manually?
Mr. Lin
so we have a clear line-up of the rewards that should be distributed at each epoch
Gunner funk
Is there a reason for all these restrictions
Gunner funk
Why do we have all these rounds? Why not claim at anytime.
Mr. Lin
plus we had 12 hours of pushback so
7 days cool down + next round of distribution phase
Mr. Lin
might need to wait for the next round then
Gunner funk
8 days
Mr. Lin
how long did you staked it for
zo
So do I think that even if tvl is reduced or increased, almost 600k will be distributed?
Gunner funk
Page
Checked Earn oage
Gunner funk
I don't see a claim button anywhere. Have staked usdo for usdo++
Mr. Lin
already live for like 30 minutes
Gunner funk
Claim still not live?
phuclethi
when will galxe airdrop distribution start
Mr. Lin
You forgot that Mt goes down with supply so the amount distributed is more or less stable
distt = (d/365) Mt Supply++t P_t TVl is 3x more than a month ago but still distributed around 600k a day. Am I wrong?
SY
Total numbers of calimable reward and pending reward should be same? During same cycle, claimable reward increase but pending rewards dose not decrease. Wy?
Bikau/Web3Go
12/25/2024 at 09:50:53 ESTGlaxe user when claim?
Mr. Lin
So he translated from Chinese and was basically saying that his received 2x% APR, and he got it mixed up with APY
His numbers are so ridiculous I'm not going to delete that lmao
Mr. Lin
lmao what a dumb FUD
SatoshiXXX
U sure with your numbers?
sanuxo
source?
Usual
12/25/2024 at 09:32:55 EST@Mava (AI Support)
glfwy888
why???!!!
The project team distributes 10% of the newly generated $USUAL to themselves every day. Yesterday, they distributed 600,000 USUAL. The docs state that $USD0++ holders are supposed to receive 45%, but in reality, they only received just over 20%. That’s half the rewards $USD0++ holders are entitled to!
leaet
im talking about the displaying issu not claiming
Gabee
(this is @sanuxo 's picture)
Gabee
7 day cooldown period
leaet
@Mava (AI Support) i ve been holding usd0++ for 2 days. but the pending rewards stay same as the first day after the cycle ends, why
Jcga
How to you get to this point via Swap Usualx for Usual, whenever try i get from swap back to unstake automatically, thx.
leaet
@Mava (AI Support) i ve hold usd0++ for 2 days. but the pending rewards stay same as the first day, why
Valentin
When i will be able to claim my rewards ? Passed more than 7 days after i staked my usd0. I staked on 18th of december !!
Gagan60
When will claim??
SY
Ok thank u
sanuxo
~30 minuts from now
Mr. Lin
This is through uniswap i.e. secondary market
Mr. Lin
Claim time has been postponed for 12 hours since original distribution time.
Mr. Lin
Apr is not apy
SY
I know.but my claimable reward increased 2 days ago but it did not today
Gabee
It's christmas, the server is busy eating chocolate sorry
SY
Wy my claimable reward did not increase today?
imemyself 🤡
the same today
I can't see 10% fee again
SY
Me too my claimable reward did not increase. Why?
weopall
@User Not Found
I did note this. But the rewards from the previously staked USD0++ (staked for over 1 month) are not being made available to claim.
I did note this. But the rewards from the previously staked USD0++ (staked for over 1 month) are not being made available to claim.
SY
the claimable reward should increase daily after 7 days verification period if I hold same position?
weopall
At what time is daily claim updated, I’ve added more yesterday and the claim possibility disappeared
I’MadKiller
What time are the USUAL minted tokens dumped into the market?
weopall
I currently hold USD0 and USD0++ in the Curve liquidity pool and claim Usual rewards daily. If I add more liquidity to this pair, will the 7-day verification period reset for my entire balance, forcing me to wait before I can resume claiming rewards?
leaet
@Mava (AI Support) I did some basic caculation,and found some question. usd0++ tvl is 1.3b, and now there are 6M $usual emission everyday, and the apr should be about 100%. UI shows that it's 77%, why
SatoshiXXX
Agree on the timeline secrecy. But, is it confirm that the dividend or buyback is always on the table?
Mr. Lin
Even if there is - we won't be announcing the plans to avoid price manipulations or easy snipes
JazzySt
Even an average for the past 15 days would be enough but I’ll check dune now thank you 🙏🏼🙏🏼🙏🏼
Mr. Lin
SatoshiXXX
Anyone would like to add to the answer?
Mr. Lin
Hi, the team said they haven't tracked the historical APY.
SatoshiXXX
Yes, but i still dont fully understand, how the treasury / yield from rwa will flowback to usual holder? Is there going to be a dividend/buyback at some point in the future?
JazzySt
I doubt it would be totally minted the 4bil is theoretical and I doubt it will reach full amount in the next 3-4 years
SatoshiXXX
How do you define the earnings per token for usual?
SatoshiXXX
If all the USUAL has been minted and distributed, how the value flow back to usual holder?
Gabee
Usualx auto compounds, this is why.
SatoshiXXX
Guys, lets say tvl is 1,000 which is coming from locked USD0++, then the minting rate 1.6 usual per day? (Around $2.2 per current price) Meanhwile, the rwa yielding 4% = around $40 per annum and $0.1/day Does it mean that our huge yield is comint from the difference? $2.2-$0.1?
Biji
hello does tommorow claim function for staker are enabled ?
tuzemooner
Does the Total Supply of the $USUAL tokens fixed? And will be disctributed over 4 years? The 5.1 Minting section isn't clear
JazzySt
Your main money you can currently get without losing your rewards
JazzySt
No your token rewards or token yield that you can withdraw every 7th day.
CryCasher
the main money?
JazzySt
Rewards you can withdraw every 7th day for the first day
CryCasher
start at q1 2025 and i can withdraw rewards and money q1 2029
JazzySt
It should start at q1 2025
CryCasher
so thats mean i need wait 4 years for unstake my main money and rewards?
JazzySt
At the moment this is not implemented
CryCasher
whats mean early unstaking if anyone can unstake anytime
its saying USD0++ can be unstaked at any time before the early unstaking feature is implemented. Once launched, this feature will let users unstake their USD0 early by burning their accumulated USUAL yield. A portion of the burned USUAL will be shared with USUALx holders.
JazzySt
Nothing they get sent to wallet they won’t be lost
CryCasher
usd0++
Gabee
I'm not even portuguese.
JazzySt
For usualx or USD0++
CryCasher
what happens my reward
i can unstake anytime but
Usual
Gagan60
@admin what are these pills Will our galxe allocations will not convert in 1:1
JazzySt
They weren’t taking me seriously because I’m a woman and I swear I’m not backing off this time
Worth trying because until today they haven’t removed my bank restriction and no one in my real life wants to h elp so I’m suing the bank for loss of revenue
Mr. Lin
will ask
Mr. Lin
not sure if that's doable tho
Usual
Gagan60
Will today checker or claiming will contain the allocations of galxe users @admin
JazzySt
To be more specific for both USD0++ and usualx I want to sue the bank for blocking transfer from my account to web3 wallets a month ago 😬😬😬
I’MadKiller
Sou brasileiro.
Gabee
força portugal?
JazzySt
Quick question, can I get history of apy for the past 20 days if I request?
Mr. Lin
ser its literally stated on our front page lol
king 👑
wen galxe airdrop distribution starts
Grpprofesional
How much is out there circulating? Most of the USD0 is locked right?
Mr. Lin
he'll just be stuck
im just saying even in a hypothetical situation the person who does so will not be able to exit
Mr. Lin
i understand your pov
Grpprofesional
Have you seen how much did this single wallet had during the ETH free fall a week ago?
Mr. Lin
and our LPs will not be able to handle for him to exit
Mr. Lin
well the billions of dollars is a huge size for crypto
Mr. Lin
ser minting rate is not the same as mining rate
Grpprofesional
I know, but that’s exactly how big fat banks manipulate the economy irl so you can be sure the recent ETH price free fall where “some whale” dumped, was completely orchestrated Put on your tinfoil hat for this one lol
Usual
I’MadKiller
Could you help me with the minting calculation? If I put $10,000 in USDO, what would be the USUAL amount mined daily?
Mr. Lin
sit tight
the usd0++ claiming rewards are pushed back 12 hours from their original distribution time
I’MadKiller
😂😂😂
Mr. Lin
which rewarsd?
unless he's interested in becoming our biggest stakeholder lmao
there won't be enough liquidity for him to exit
I’MadKiller
What would be the minting calculation? How much USD0 do I need to bet to earn X USUAL daily.
Mr. Lin
but there's no incentive for the person to do so
Mr. Lin
it will cause the minting of $USUAL increase
I’MadKiller
😂😂
I’MadKiller
Yes. When you redeem your tokens they will be placed on the market, causing a drop in price. Damn whales, they can manipulate everything with large amounts of money.
mohit84853
12/25/2024 at 07:57:16 ESTwen ?
mohit84853
12/25/2024 at 07:56:33 ESTwhen claim for galxe user
Grpprofesional
So hypothetically speaking If I’m Mr big fat bank and buy several billions of USD0 off the market and then go and redeem, will this make the USUAL minting increase?
I’MadKiller
Now I get it. so the volume is increased as tokens are mined and redeemed.
Mr. Lin
The real circulating supply will be dynamic given the fluctuating TVL and prices.
I’MadKiller
Oh. What would be the correct information?
Mr. Lin
USUAL is minted and distributed on a daily basis to various buckets for use and rewards within Usual.
that's just massive misinformation
Mr. Lin
no. 4 billion tokens will not be injected in 4 years.
Saifur
Wen galxe user can claim their airdrop???
Grpprofesional
Depends on the volume but yea Lol
I’MadKiller
Yeah. 4 billion tokens will be injected in 4 years. My question is whether there is a plan for these injections into the market.
Grpprofesional
Some times there’s other random pools here and there so Balmy finds better prices through Odos. But some times
Mr. Lin
ahem binance ahem
Mr. Lin
i bought at 0.35 so i aint complaining
will need to check with team for that
nein
redeeming through the dapp seems better (need to check the peg on curve)
Mr. Lin
oh mb
Aerovall
redeeming collateral isn't the same as swap sir
Grpprofesional
Should’ve bought back then lmao whomever bought and held is now sitting on a 500% profit
Mr. Lin
ser you can redeem your usd0 through curve LPs at anytime
Mr. Lin
usual is already listed on multiple places ser
Aerovall
oh was curious about this tho, but only a handful of countries can only redeem right? most can't?
Mr. Lin
now we're up to 7x
I’MadKiller
USUAL
nein
Mr. Lin
when we pre-market $usual on binance it was dumped to 0.22
Grpprofesional
They got open positions too 😉
Mr. Lin
ser you mean $usual or?
nein
saw you had your offices in paris lol i don't live far away from you guys
Mr. Lin
so users can exit
Grpprofesional
Whoever buys those USUALs if dumped into 0.10 will be rich on rebound lmao
Mr. Lin
even then our usd0 is over-collateralized
I’MadKiller
@Mr. Lin Is there a plan to launch tokens on the market or is this just aligned with price fluctuations?
Mr. Lin
and im talking the worst case possible here
Grpprofesional
I do think that’s a big factor that will touch on the APYs
Mr. Lin
but even then we have real yield from the t-bills
the worst case scenario is people mega dump $usual
nein
no i don't think the risk here is having a bear market
nein
going through it as we talk
Grpprofesional
@nein Do you think the predicted bear for April is gonna crash all these protocols with mental APYs?
Mr. Lin
the maths is there
Mr. Lin
you can have a look at our whitepaper which was published like a month ago
nein
having a 1:1 swap with sUSDe and USDtb is already a huge deal for me imo
Grpprofesional
Petrodollar mentioned
nein
nothing wrong with being a ponzi / i think ethena is a ponzi and i'm 7 figs full deep lol
Mr. Lin
so where do you draw the line
but even then the us government is a "massive ponzi scheme" cuz everything is placed on trust
nein
cuz 69% apy given to 1.3B TVL is HUGE
Mr. Lin
then might as well go buy t-bills from your bank and just sit tight
nein
i mean you're doing great just the systemic risk is kinda mhmm also who regulates the token emissions
Mr. Lin
if you place a label on everything with a good yield as ponzi
then i'd say we did a good job
Mr. Lin
and if people are satisfied with our services and are bullish on the governance token
nein
which gives around ~6% max
Mr. Lin
blackrock and m0
Mr. Lin
not just hashnote
nein
yeah it is but you're using hashnote rn to manage that?
Jcga
🎄 Merry Christmas to all admins and you guys 🥳
Mr. Lin
the t-bills is real yield
Grpprofesional
Using both You really a degen My respects from a shrimp to a whale 🫡
nein
Is the 69% APY you're giving to USD0++ holders is real yield?
Mr. Lin
The ponzi you're referring to might be protocols like luna, but we have real yield
Mr. Lin
Not really
nein
yeah i know i said i already use contango + gearbox
Grpprofesional
That ain’t the same bruv Contango doesn’t have vaults, it’s non custodial, they just automate looping into atomic transactions rather than taking your money and giving you a promise
nein
like even if the 5% yield from the T-BILLs goes to buyback USUAL which i highly doubt it will never compensate for the 74% APY given to 1.3B USD0++ holders
nein
idk bro it's just a massive ponzi like the rest of the protocols but at least we've some good yield
tuzemooner
That could reduce the yield even below the 5% from the T-Bills. I think they will swap cash to the DN-stable, but $USUAL and burn it
nein
i already use it with gearbox lol
Grpprofesional
Btw @nein check out contango to be a degen^10
nein
from what i've understood they're just having massive USUAL emissions of tokens to reward USD0++ till the token goes to 0
nein
it's not converted into USUAL
tuzemooner
Any answer?
Grpprofesional
I’m not proper degen yet tho Need to like 10x my capital to do proper degen
nein
yep ngl this stuff is scary and looks like a massive ponzi 🤣 but whatever men we're degens
Grpprofesional
Yea the Ethena post makes more sense, instead of saying 1:1 they just say seamless swap
Gunner funk
Usual is supposed to be a platform for stabel coins.
nein
maybe it will take into account the growing value for sUSDe and just change the peg with it depending on its value
Grpprofesional
Prolly the same than the USD one but with ETH I presume Not yet released tho
Gunner funk
What's ETH0++?
nein
oh yeah that's true lol didn't think about that
Grpprofesional
But that doesn’t make sense sUSDe has a growing value respective to USDe Should be 1:1 USD0/USDe
nein
there is a typo on the mirror where they say USDe but it's sUSDe
Grpprofesional
How is that you can get 1:1 sUSDe for USD0? Doesn’t make sense Typo and wanted to say USDe?
nein
ok thx
Mr. Lin
hopefully soon
Mr. Lin
when our vaults with ethena has been fully established
jawan
can i see the rewards because i just bought USD0++ but nothing on dashboard not even timer started?
Grpprofesional
Oh yes it will be.
jawan
so for first time it will take 7 days before i can claim rewards?
UthmanInuwa
@Mava (AI Support) what a time waste!
Gunner funk
No rewards for galxe
UthmanInuwa
When galxe participants claim?
Gunner funk
What's ETH0++ thang?
Mr. Lin
Quality of life issues will be addressed in due course
2025 Q1 is going to be bomb
they have a lot of other things in the pipeline
Mr. Lin
I think our team had received this suggestion already, but it's not their top priority right now
Grpprofesional
Welcome back and happy holidays lol
Grpprofesional
While we’re at it and the net is quiet: Yesterday I made this q but had no answer, maybe u can answer it partially Is there any plan at all to distribute the USUAL yield from USD0++ like a normal protocol rather than having to claim manually every day? Perhaps add your USD0++ Yield to USUAL.x Vault automatically as a toggable UI option? The gas prices currently mowing down our hard earned Yields,. while if we wanted to wait for a justifiable amount to accumulate, we get punished by missing out on USUAL.x self compounding Yield. this problem needs to be addressed
Gabee
Welcome back what did you do
XING || MM
12/25/2024 at 07:10:49 ESTNow I m unmute after 7 days 😵💫
Gabee
@nein ^
Mr. Lin
https://docs.usual.money/usual-products/usd0-stablecoin/rwa-collateral
Gabee
@Mava (AI Support) does USD0 and RWA tokens have proof of reserve?
nein
Do you have an audit of USD0 backing
Do you have a public audit of USD0 backings / did you get accepted in SKY RWA "tournament"
nein
USD0 is backed by USDC or RWA?
USD0 is backed by what?
nein
ok so it's only based on USUAL price
nein
where does the APY of USD0++ comes from? 74% APY seems high asf
Mr. Lin
Will move that suggestion to our team
Grpprofesional
Lol Anyway at current rates 50 quid for unstaking 100k is less than one day of yield. You could multiply that fee and it’d still break even in less than a day. Don’t multiply the fee tho lol, maybe 10 day lockup period would be useful anyway
Mr. Lin
if you do it through Curve LPs there will not be any "unstaking fee" but perhaps there might be peg influences
Aprzlm | CLONE
12/25/2024 at 07:03:03 ESTsir, I can't claim the airdrop
Mr. Lin
I mean we will always impose an unstaking fee
Grpprofesional
So if u do it via smart contract commands it has no fee?
nein
ok thx
Grpprofesional
You can just trade them on any defi protocol that takes them
Mr. Lin
100k has a 50u unstaking fee if you're doing it through dAPP
Grpprofesional
You don’t need to unstake them, though. The price of a single USD0++ remains the same because its yield is in $USUAL
Grpprofesional
If you want PT and know how leverage works, I’d suggest using a protocol called Contango. If you don’t know how leverage works, I’d suggest learning that since there’s endless possibilities.
nein
so i don't have to go through curve and can just unstake/redeem my USD0++ for USD0 with 0 slippage
Mr. Lin
unstake anytime
nein
so i can unstake my USD0++ for USD0 with no cooldown period?
Grpprofesional
Mr. Lin
And if you don't like accruing $USUAL, you can buy PT-USD0++ on Pendle to receive a fixed rate of APY and receive $USD0++ at maturity date
Mr. Lin
Agreed
Grpprofesional
At current rates ofc
@nein You can convert your 100k into USD0++ and you’ll accrue daily rewards on Usual interface. With that much (just rounding up numbers) you’d get just under 200 Ususal a day
nein
can i unstake USD0++ for USDO?
Mr. Lin
Mr. Lin
all good, takes only one person like you to make it all worthwhile
Grpprofesional
Yes daily
nein
can i claim my USD0++ rewards daily?
Grpprofesional
@Mr. Lin thanks for being online of Xmas day btw, appreciated.
Grpprofesional
Welcome to Usual, my brother. There’s a lot of magic here, digging the protocol so far, let’s see if I’m rewarded or stabbed by end of Jan lmao. So basically whaling? 100k on farming sounds like a large sum
nein
no i just had some $ on morpho farming yield didn't even know i was eligible to this airdrop until yesterday lol now im diggign the protocol
Mr. Lin
false.
Mr. Lin
gm the most honorable gentleman
Grpprofesional
Leveraging or whaling?
nein
do i need to stake my USD0++ to get my APR?
famousfxck
Gm cat
Shoaib
I've heard today there will be a calim so the price may drop that's why I came to confirm
Mr. Lin
there's no "next airdrop" ser, anyone who claims they have an airdrop for you is a scammer.
Shoaib
When is the next airdrop release ?
mcrypto16
What will be the percentage of APY if I'm stuck at 100% USUAL?
Mr. Lin
there's a pre-pills and post-pills phase, sometimes mava might be mixing things up a bit
nein
I received 10K$ worth of airdrop for lending ~100K usdc in the vault for like 1 month so not bad lol
Mr. Lin
Albeit not much
nein
Ok thx you need to fix the bot then
Mr. Lin
According to our blog, lenders of usdc did receive some pills
nein
where does the yield of USD0++ comes from?
nein
@Mr. Lin sorry for tagging u but i dont trust the bot’s answer
nein
did we get any pills from supplying USDC on your morpho vault?
nein
yo linn
pietryx
in 2 month the price of usual will go down due to the release of more tokens or it will continue to go up?
JasonY
Will I get reward if I direectly buy usualx from uniswap?
Mr. Lin
Our mod Noe is the most polite and patient one, but unfortunately for those who take that for granted, he's off on holiday today
Well it seems we have a common ground!
Gabee
Where's the magical christmas spirit pfff
Mr. Lin
?
Gabee
You come in here and are disrespectful while mods are giving some of their time on christmas day.. nah.
Mr. Lin
Respect is earned not given 😉
Gabee
Be careful @Phoenix
Gabee
Respect is not an option.
Phoenix
Anyway, I got places I got to be have fun “moding” here
Mr. Lin
just did
Phoenix
.
Phoenix
The comprehension problem is not on my part. Read the question again
Mr. Lin
Comprende?
Gabee
https://tenor.com/view/castle-nathan-fillion-richard-castle-talk-talking-gif-5154792
Mr. Lin
Your rewards will start to accumulate when you stake USD0 to USD0++
Gabee
love it
Mr. Lin
lmao
Mr. Lin
and I gave you an answer
Noé
No, you need to connect and sign to prove ownership, you’re not authorizing to anything
Phoenix
I asked you a question mate
Mr. Lin
?
Phoenix
interesting take
Cratica
does the swap feature for USD0++ to USD0 on the usual dapp use curve? or is it some other native swap?
Mr. Lin
mmhmmm
Phoenix
when does that period begin? When staking begins??
Mr. Lin
You can claim your $USUAL rewards from your $USD0++ positions anytime after the 7-day cooldown period.
T7
any introduction about USYC?
Phoenix
Merry christmas
Mr. Lin
That doesn't make sense
Phoenix
Sounds like something that should be fixed
and to just view the rewards you need to give permissions to the platform to access your USD0++
kek
Phoenix
so to claim rewards from usd0 staking you need to unstake all the time ?
Phoenix
is it basically impossible to stake usual rewards from staking usd0 right now?
xzmugi
still no allocation for galxE?
Mr. Lin
Usual
EG
Hi. Is there a dashboard where I can check the daily emissions of usual? Please MAVA cannot help here, asking help from real admin
Mr. Lin
Truly spectacular stuff
Mr. Lin
Lol all these Galxe users be mad at us instead of Galxe
Noé
instead of coming here to complain on christmas day
Noé
Nah, because you're spamming in # ✍ㆍsuggestions, which is not the good channel for that
Blaise Fields
Guys, are you sane? You said yourself that there will be an airdrop for Galxe participants, now you are deleting messages where Galxe is mentioned. Excellent, decent behavior of the top 200 project. Just say straight out that THERE WILL BE NO AIRDROP for Galxe participants and that's it. What is going on here? What are you doing?
Usual
EG
cant find there
EG
Hi. Is there a dashboard where I can check the daily emissions of usual?
basedscarf
Swap options
basedscarf
In the dapp
Gunner funk
Where you seeing this?
manifesto
guys, am i going to continue be getting 60%+ APY for holding USD0++ if i deposit it into levelmoney?
nein
If i supplied USDC on morpho Usual USDC Boosted vault was i earning pills?
famousfxck
@Noé 1241041998761295996 ID scammer
MiraiMhysa
# 📣ㆍannouncements
CapybaraChan
the bot is so smart.
Haha ok
Jimny2024
You can check on-chain data but you have to wait for some specialists to wake up
jo4056
12/25/2024 at 02:58:18 ESTIt's been 48 hours since I staked Usualx, why is the reward 0?
EG
Is there no website where I can see the historical emissions over time?
smartserial201
yes
EG
is it correctly updated day by day on coinmarketcap?
Jimny2024
You can check circulating supply on Coinmarketcap. For 24h to see around number of emission.
EG
can anybody helps please?
EG
cannot find it
smartserial201
whitelist
EG
Hi. Is there a dashboard where I can check the daily emissions of usual?
ppbbvoid
thanks. followed by another question. how much reward will become claimable after the verification period? I see there's only a very small amount
Bevis
Cooperation between backrock and usual
ppbbvoid
hi there, another question. after the 7-days verificaiton period, if I add or reduce the liquidity, does it reset the 7-days verification period?
Vagabond99
??
When usd0 will be launched on binance ?
aadill
12/25/2024 at 01:54:56 ESTChecker ?
aadill
12/25/2024 at 01:53:39 ESTWhen will the galxe user rewards get distributed?
Денис Александров
How is it reinvested? one day, a week? two days have passed, the usualx amount has not increased
Денис Александров
Explain how rewards for USUALx are calculated?
Srsiti
sorry i mean i said u to forget it because its not worthy
Rams 🕷|CLONE|
12/25/2024 at 00:53:03 ESTLook like
Rams 🕷|CLONE|
12/25/2024 at 00:38:11 ESTWhat abt galaxe users drop
Nanobro
where do i read about minting USUAL relationship with TVL
cooperlee
Are we still unable to claim today's usual token? When will it be available to claim?
Usual
SW#9995
12/25/2024 at 00:06:18 ESTthanks, interesting to try to research what strips bonds are, as it is a more defined thing it seems. Likely will help to understand what is pendle.
12
Merry Christmas Fam🎄 ☃️
youdi
Does this mean YT xusual value will depreciate as more usual tokens staked = lower APY
Robin58
Why reward daily did not distribution?
mikiyo8024
YT is like a leveraged return. You need to have in mind that you will be left with 0 USD0 at maturity but with only USUAL token. So, mathematics are important
principal is safer because you are only earning fixed yield but forgoing your usual rewards
Just remember that when it works like a STRIPS bond. You are betting either the principal portion or the interest
mikiyo8024
ive been in pendle for a year. its easier for me cause i have a degree in finance lol
Alexnt
claiming daily reward is required or it will accumalate daily?
mikiyo8024
means you are holding the YT. when you hold YT, at maturity. you are left with 0 usd0++. only having usual
BingChilling
Thats yt need phd in math. Complicated
BingChilling
U can unstake anytime just not get the all the apy
SW#9995
12/24/2024 at 23:47:46 ESTI don’t mind if yield goes lower, I just don’t want to end up receiving lower amount than I’d be with just holding usualx
mikiyo8024
of course. the yield is a component that self adjusts...when the returns are lower..the % goes lower.
SW#9995
12/24/2024 at 23:46:49 ESTlong yield/short yield, like fym you wanna gamble me on usual APY or what
this is so complicated I wanna scream. It feels like pendle is a tool for professionals who understands what they are doing and each strategy has a risk of losing some money.
cue
Scam
donutzio/Pluto/ Won't Dm U
12/24/2024 at 23:44:58 ESTCheck DM
ritesh halpati
Please reply how to check Usual Galaxy task reward? how to claim it??
SW#9995
12/24/2024 at 23:40:39 ESTand I can’t unstake until maturity date?
ritesh halpati
where i can check brother.. give me the galaxy task check link..?
BingChilling
Guaranteed yield. Usualx yield can be lower is more people stake
ritesh halpati
When Usual Galaxy task airdrop given.. pls any one know then reply...
Shinya~
How is apy calculated on usd0++? Give an example of calculation if stake 2000 usd0+ for 1 day
SW#9995
12/24/2024 at 23:38:15 ESTlooking at PT explained on diagram “1 PT redeems 1 USUAL worth of USUALX by maturity” so basically it is the same as holding usualx, just some guaranteed extra yield. And maturity date is essentially a lock date until which I can’t unstake?
Shinya~
How is apy calculated on usd0++? Give an example if 2000 usd0+
sigmund9912
hi, does claiming time changed? usually i can claim my $usual like at UCT 0 AM, but i dont see any claimable rewards today
TCBY6688
12/24/2024 at 23:28:29 ESTwen galxe airdrop?
BingChilling
yt you can long/short APY PT fixed APY LP for handle swap all for growing their TVL make pendle more valuable.
youdi
How do we realise profit / loss from yt xusual ? Future value vs present value of yt xusual ?
SW#9995
12/24/2024 at 23:23:52 ESTthoroughly inspected this diagram but can’t wrap my head what pendle offers, same as going through pendle website. I’m in defi since 2020
Jimny2024
At PT or YT i will sacrify my Usual when it's mature?
youdi
How to realise yp xusual yield ?
Nomad
currently usd0++ floor price is 0.9995 when will it change? Will it be changed after early redemption implementation?
BingChilling
that's LP
SW#9995
12/24/2024 at 23:13:26 ESTmy usualx will just accrue its value via usual reward and I will claim some pendle rewards on top of that?
I hold like 100k usualx, how much more rewards I’d get daily if I stake via pendle?
BingChilling
that's tvl, revenue itself projects lets assume US still exists in 4 years.
nihilistic button clicker
Have a good one. I raised similar questions over the past few days. It's interesting to see your thought process. I DM'ed you in case u wanna discuss more. Cheers and merry Xmas
BingChilling
there is no risk for lp/pt beside protocol got exploit and you don't stake more.
smartserial201
online
SW#9995
12/24/2024 at 22:45:49 ESTis there any risk to stake in pendle? rewards are redistributed daily or only at maturity date - 27 mar 2025?
pendle USUALx pool yield is calculated with underlying 520% usual yield? so pendle give like a 20% boost to the yield amount?
shyCC
Do you receive Usual rewards just for holding USUAL? or do you have to stake for USUALx?
621936
I think not gonna get all rewards . And am tbh ok with 91 days and 🤔 will extend if apy will be good after 3 month . For long term
621936
Jimny2024
How much Apy you get? And it's fixed?
621936
Yeah that is why I move my xusual and put them in pendle lp for 91 days ❤️
Jimny2024
If you ignore the Usual's price cuz it's hard to guess, staking UsualX will take 20-30 days from now to break event. Because the more the Usual staked, the less the APY is, and the APY shows no stop decreasing.
621936
Yep price of usual .
i0sm3
Thanks all 🙂
Hum I think I got the idea 🙂 💡
i0sm3
You mean the price then not how many usual? Or that will change with the price also
i0sm3
And if I wanna know the daily apy if I divide the current one by 365 will that be correct ( ignoring the fact that it can rise or get lower)
621936
Little risky cuz will usual go up or down . Only that is only risk .
i0sm3
Ok I see and if it’s for more than a month usualx would be better than?
621936
So better usd0+ for u
i0sm3
Let’s take now apy I know also it’s yearly so I just need approximately numbers for 10 days or a month… to know if I’m staking like 3 months not a year
621936
10% will not cover ur fee in stake into xusual
Jimny2024
One more thing, if you guys stake UsualX now, supposing APY remains stable, it takes abt 20 days to break even the fee
i0sm3
10 days* sorry
621936
Apy is change every day . More staker lower apy .
i0sm3
Numbers I mean and I’ll chose regarding the higher apy and fee thing
i0sm3
I know that but let’s say I stake 10k dollars today, how many usual would I get in 10 days if I stake usd0++ or usualx as todays apy just to have an idea
Jimny2024
Pretty clear
621936
Xusual stake . Apy is higher but u have to pay 10% fee if u want unstake them . And also usual maybe will go up or down .
621936
Usd0++ give u lower apy but ur 400usd0+ always have same value . And u can swap any time with no fee
i0sm3
I wonder what would be better for me to put all in usd++ or usualx and no one could give a clear explanation beside how much yl it will be
No usualx
Aldezo
did you stake usd0++?
i0sm3
As I still didn’t decide wether to put all in usd0++ or usualx even though I did already stake an amount
Good question
Aldezo
what are the current daily rewards for 1 usd0++
i0sm3
Is it better to buy usualx directly or to stake usual ?
quangict
???
Usual
Lucky Boy
There is a usual admin scammer in telegram
quangict
How to convert USD0++ to USDC with the lowest gas fees?
JACH
Anyone?
CapybaraChan
Thank you Mava ser
CapybaraChan
does anyone know at what time UTC claiming is make available daily/
JACH
How much u guys think i can make if i only Stake 100 USUAL?
nyandoggo
where can I claim usual token for holding USD0++
nyandoggo
where can i claim
nyandoggo
when can I claim usual token for holding USD0++
nyandoggo
where can I claim usual token for staking reward?
mikiyo8024
When is USD0++ redemption activated
Einzig
when iUSD0++?? I want to stake my sUSDE
mikiyo8024
Hi guys, how to redeem my USD0++ at 1.00 peg?
Luckyboy
What is the best way to earn in uaual?? Usualx???
Gm all
DILBLIN
where to see how many tokens are accrued for staking $usual
TCBY6688
12/24/2024 at 19:50:51 ESTwen galxe?
famousfxck
Which is claimable on the “Earn” page
After pills campaign you would get $USUAL I suppose
NeonThunderX
12/24/2024 at 19:41:57 ESTthat post from EtherFi, maybe it’s referring to the airdrop and not the December rewards? I’m not sure because they won’t tell me properly
I’m not referring to pills, pills campaign ended on 30th November right? I have already claimed that. I’m talking about December 1st till today’s usual rewards
famousfxck
Have you went to the website and checked how many pills you have?
NeonThunderX
12/24/2024 at 19:38:14 ESTteam?
Nomad
Is the new usd0++ /usdc morpho pool not integrated with usual reward? I didn’t get any reward for my usd0++ in this pool, I couldn’t see my position on the earn usual asset dashboard either. This is unfair, can you fix this and give us retro reward ?
kiratsunami
how to get it ?
Lis
Yes you have to
nein
bro i got some USUAL airdrop just for providing USDC in the morpho vault is that normal lol
alluring_sparrow_79038
when i stake usd0 to usd0++,how long can i unstake with rewards
Grpprofesional
Each YT gives you the right to the Yield of a single USD0++ but if u check the prices, with 1 USD0++ you can buy many YT tokens because they have a limited lifespan. as the time goes on, your invested amount value goes down bc the value of each YT goes down as they draw near to expiration, but the yield they provide is still the same, which depoends directly on the USD0++ yield at that specific date.
smartserial201
@Aldezo nop
Aldezo
do i have to pay unstaking fee for usd0++
nein
I never had USD0++ but still got pills how is that possible
Atm.eth
@nein Have you had this resolved ?
famousfxck
Just USD0 didn’t
famousfxck
Only USD0++ gives pills
nein
Are you sure because i got my Usual airdrop only from providing USDC on Morpho
nein
Providing USDC in the Morpho Usual Boosted USDC would have gotten me pills?
nein
How could you collect Pills?
nein
what was the criterias for USUAL airdrop
Manny Calavera
this daily yield occurs on the invested amount or in the total YT Tokens?
しょうし
I deposited usd0++ in morpho, but I didn't get any rewards. I can't see my position either.
Usual
nein
any admin here to help please?
i had this position opened so that meant i was eligible to the airdrop
nein
wdym? and also what were the criterias for the airdrop
famousfxck
Only on USD0++
nein
are you sure? i think i earned pills because i was providing USDC on the morpho vault
nein
the people that supplied USDC on the Usual Boosted Vault were eligible for USD0 airdrop?
nein
yo bro got a question
famousfxck
Not yet
nein
where can i swap USD0++ for sUSDe
nein
where can i swap it?
nein
does that mean i can swap my USD0++ for sUSDe
Usual
Grpprofesional
Omg we got two bots talking to each other now
kiratsunami
yes but how ? is there a website ?
raillance
12/24/2024 at 17:24:42 ESTImpossible confirm unlock
kiratsunami
how to participate in goverance activities ?
raillance
12/24/2024 at 17:22:58 EST@treebeard here
kiratsunami
how to be dao contributor ?
raillance
12/24/2024 at 17:22:43 ESTNo funds usd0+
treebeard
I have no idea what you mean
Grpprofesional
Oh yes don’t forget this: NFA
Grpprofesional
Because it’s percentual so you divide it by 100
treebeard
So 50000% apy is ~627% apr
Or use a converter online
treebeard
It should be 365*((1+500)^(1/365)-1) to get apr, and multiply by 100 to get the percent
V1nn1
I dont understand, why 50.000 APY is 5.000 in your formula
Grpprofesional
Let's say you invest 1000 USD0++ to buy YT tokens (idk what is the equivalent amount but prolly some 30-35k or more) so it is 1000 invest 50.000 APY means it's 5.000 to run the math ecuation is 1000*((1+5000)^(1/365)-1)= your daily yield
kiratsunami
I owe you a lot
kiratsunami
@BingChilling is a G, someone that helped me a lot thx a lot bro @BingChilling
KOchikuFTW
Wen galxe checker live
Grpprofesional
I can tell u how to calculate it
Lucky Boy
Let price recover😆
V1nn1
Who know APR fir pendle?
Lucky Boy
Guys postpone the tokens release until price becomes 2 lol
Grpprofesional
Dang bastards
treebeard
It is correct, but it's APY not APR so your math is quite off
Grpprofesional
No, APY means Anual Percentage Yield which means it assumes that is the total profit you'd get on a year if it was self compounding. you can't do APY/365 to get the daily profit, that would be possible with APR, but not APY
BingChilling
Yes they eat everything for themselves And give you usdt without any apy
Gabee
USDT is like mstr
V1nn1
Guys, 50k APY is correct for Jan pendle? If I buy YT for 100 USDC, I will receive 100 usdc in Usual token per day?
Grpprofesional
Bruh USDT is basically an infiltrator centralising scheme
Gabee
lol
BingChilling
Nevet buy btc in my life I buy eth tho more liquid
BingChilling
Yes thatd why usd0 exists
Gabee
So I'm your yield. Great.
Grpprofesional
No yield for me?
Gabee
So you have no BTC or anything?
BingChilling
Literally usdt top global us bond holder And all goes to tether pocket
0xalicej
kek based
BingChilling
100% all in I always all in 1 project Same with ethfi, tao, morpho
Gabee
Yeah I don't accept DMs
BingChilling
Bruuh not me lmao imagine
Gabee
I meant how much of your PF. As in % of your portfolio
Grpprofesional
I never checked if USDT had a yield bearing token lol should have a look since it's the most liquid USD token out there
BingChilling
350k 100k in usd0++ 250k in usualx
BingChilling
same with USDT do that and when you buy usdt you pay fee that's protocol revenue
Gabee
@BingChilling how much of your portfolio is in USD0/usual?
BingChilling
yeah instead of you gain more usd from US bond you earn usual (yield + protocol revenue)
Grpprofesional
I mean, in the end we users are basically proxy buying US treasury bonds anonymously
BingChilling
you don't even know where the yield come from lmao you said thin air. maybe research more blud. it come from US bond yield + regulated
go to defilama compare hashnote and usual tvl
PNC
I am not here to fud, just a resarcher.
BingChilling
i doubt because i follow the money. all usd0++ money put in hashnote usyc you can saw with your own eyes. they both have same TVL usyc itself regulated and earn yield via treasury US he spreading lie
PNC
Aave and morpho do not claim to distribute they yield back to user, in fact they made it clear their tokens are only gov tokens. But USUAL claims to distribute RWA yield, this is very different case.
Grpprofesional
Well he got me when he said he read the code but he ain't giving any detail about it so...
press X to doubt
Usual
BingChilling
lmao bro get some help. same with aave you lend usdc you get aave same with morpho you lend usdc you get morpho i don't trust you where your yield come from ? usd0++ yield come frome us bond
PNC
If you give me ur USDC, i will give u 10 different yield tokens made out of thin air. But I just can't give you yield in USDC
BingChilling
bro made up bro. same like ethena susde -> you earn more susde usdo++ -> apy earn usual instead
famousfxck
And that USUAL is a governance token
Someone please explain him how a deflationary economic model works
PNC
that's why no one knows exact how much money they made.
like USDT's revenue is not onchain, it comes from central bank
Grpprofesional
Bruh
PNC
RWAs are off chain, the yield is not coming from on chain sources
no u can't
Grpprofesional
But the minting itself is triggered by some function on the smart contract right? Can you trace that down?
BingChilling
bro has reading comprehension issues
PNC
I love the idea of the project deeply, but this is not great to see.
this is my problem with it
PNC
yes that's right. this part is not in the code, it is in control of the project because yield is not onchain but from RWAs. They are claiming to distribute RWA income to users, but in fact they are giving users USUAL tokens that has no link to the revenue.
Gabee
Is the reward in the room with us
Grpprofesional
So the usual is being minted deliberately rather than with dependencies on actual revenue? can you point that out in the code or is it too convoluted to explain?
Mjmehdi1 CLONE
12/24/2024 at 16:30:19 ESTIs the reward available for pendle
Gabee
Damn
BingChilling
nopeee
Grpprofesional
Yea the revenue is supposed to be distributed in the form of $USUAL tokens no?
PNC
I read the white paper
PNC
I have no idea what you talking about. I am questioning the misleading claim of USUAL saying they distribute rev to users, but in fact they dont
Grpprofesional
U making me worry now dude
Grpprofesional
And it allows for deliverate minting? 💀💀💀 can you point that out on the source code pls?
PNC
that's why my question is - this is misleading, it is not distributing rev.
kiratsunami
this is what I red in the whitepaper
PNC
yep I did, I studied the white paper and read the code.
BingChilling
you literally said death spiral ? how it can triggered death spiral for usualx ?
Mjmehdi1 CLONE
12/24/2024 at 16:27:11 ESTIs any airdrop available for pandel!?
Grpprofesional
Revenue
kiratsunami
whats rev ?
PNC
I was talking about USUAL price, not usd0++.
Grpprofesional
Have u audited the contracts or just assuming that is what happens?
BingChilling
lmao sure bro i literally said usual if from revenue so you don't need to defend usual price. usd0++ itself back by us bond not usual price. usual is incentive same like morpho u lend usd you get token you don't need defend the token price. what if usual hit max supply ? they will have new incentvies like when btc hit max supply.
PNC
No it doesn't. It looks like it, but rev is not distributed, a bunch of USUAL minted out of thin air is distributed. Rev stays with the projec, not USUAL0++ holders.
Grpprofesional
Revenue gets diverted into the USUAL.x staking innit?
PNC
none of your responses answer my questions.
TheoChr
I am just a bit confused why someone not go with secondary market as the fee stated on transactions details for secondary market are minimal.
TheoChr
The usual stated on dashboard on transaction detail is correct? directly or indirectly execution.
Grpprofesional
BingChilling
yes what my "assumption" mean is miner agree they want to earn. if miner see no profit anymore they will go somewhere else.
Gabee
I trust ethereum to stay relevant and up to date more than Bitcoin. Especially once we crack the satoshi wallet. I'm sure it will happen very soon.
Manny Calavera
staking with problem 😦
Gabee
There is new bitcoin every 10 minutes. You can buy these new bitcoin. But in 2140, there won't be any new bitcoin to buy. It will be full.
Grpprofesional
Hash difficulty is computed based on block time, not on actual mining power. If there was today a single miner running, the block time would still be 10 minutes
kiratsunami
ues I understand, that's why we will reach max supply in 2140 and BTC will become more scarce cause the production is going day every halve day
Gabee
We're already seeing mining weaknesses and it will only get worse with the next halvings
Gabee
It's not an assumption. It's written in the source code. Although I agree with you, I do not think the current use will be sufficient to have "profitable" miners.
Grpprofesional
Tbh I hate the PoW model in terms of power waste
TheoChr
Hi guys , about usualx unstaking, sometimes is 10% sometimes is 0% fee, why is that?
Grpprofesional
Yea but they make the hash go more difficult based on block time and the halving happens every certain amount of BTC printed so that it takes exponentially longer to mint no matter how much power you spend on it
BingChilling
that's your assumption. transaction fee earn peanut it's not worth the cost of running miner.
Gabee
@BingChilling is asking what happens when btc reach max supply. We will reach bitcoin max supply by 2140, when all the bitcoin will be mined. Then, the miners will get compensated through transaction fees they process.
kiratsunami
now there is 18 almost 19m in circulation, max supply is 21m
Grpprofesional
They've already said there will be other incentives by then
Usual
BingChilling
i don't know you ask satoshi. satoshi didn't ever think btc this big either
kiratsunami
yes it's the year when all BTC will be mined
Gabee
🙂
Gabee
Thank you for not answering my question
donutzio/Pluto/ Won't Dm U
12/24/2024 at 16:14:23 EST2140???
BingChilling
yes too far for you to care
Gabee
In 2140 when all the bitcoin will be mined, how will the miners get compensated?
richardmud
12/24/2024 at 16:13:00 ESTwhen reward for galxe sir
BingChilling
lmao u know nothing about btc mining then lmao. where does transaction fees come from ? the max supply blud that's why you get halving omegalul
Grpprofesional
Great suggestion right now the rewards system has a horrible UX
Grpprofesional
Is there any plan at all to distribute the USUAL yield from USD0++ like a normal protocol rather than having to claim manually every day? Perhaps add your USD0++ Yield to USUAL.x Vault automatically as a toggable UI option? The gas prices currently mowing down our hard earned Yields,. while if we wanted to wait for a justifiable amount to accumulate, we get punished by missing out on USUAL.x self compounding Yield. this problem needs to be addressed
Gabee
They will get revenue from transaction fees.
BingChilling
same question what happened when btc reach max supply ? did miner get 0 btc when mining ?
Mjmehdi1 CLONE
12/24/2024 at 16:10:26 ESTIs there any airdrop for pandel right now!?
Mjmehdi1 CLONE
12/24/2024 at 16:09:16 ESTIs there any sessions 2 for airdrop!?
BingChilling
you don't need to defend usual price lol it's not algo stable luna/ust
BingChilling
the emission is converted from apy earn by bond. how it triggered death sprial ? usd0++ itself back by RWA not back by any coin
Manny Calavera
merry Christmas ❤️
@Noé is staking working? I always get "It didn't go as expected", and i have a lot of gas
i0sm3
Why usd0 is not yet listed on binance?
JazzySt
Same to you
PNC
thanks. have a good holiday!
JazzySt
The thing is that the project is a dynamic ongoing entity it isn’t something set in stone where one can predict exact future narratives. Again the team has set plans for all possibilities and potentials with a strong backing unlike many predecessors. Yes there are trade secrets as it is a new sample of groundwork they worked hard on
Noé
We have a different vision tbh. Four years in DeFi is almost the time since when DeFi exists for real. Our thinking process is that in four years, things will be very different and a lot of innovation will happen. It makes no sense then, to already define how the protocol will work for life - we’re not Bitcoin. So, again, there’s different plans and paths that we’ve already thought about. But it’s too early to share anything that would almost engage Usual to follow it. But USUAL will always stay a center piece of the protocol.
PNC
\that does not give me confidence.. These are fundamentals for the protocol design, not trade secrect. As a user I should be notified if I am gonna put a lot of money in it
JazzySt
It won’t reach maximum supply any time soon and I’m sure team has a plan when it gets to that
Noé
Max supply is a bit theoretical since USUAL is disinflationary - would probably be less than the 4B announced. After that (after USD0++ matures) the protocol would enter another stage where revenue would be distributed in a different way
PNC
sorry that does not answer the Q tho. As a protocol I am sure you have a plan if this does happen. What will you do?
Mas.Yas | CLONE
Im already fill the form for galxe user last week
NeonThunderX
12/24/2024 at 15:50:04 EST@Noé
JazzySt
@Noé is this allowed?
JazzySt
??? Is this allowed to be posted here?
Mas.Yas | CLONE
Wen prize for galxe user ?
JazzySt
Reaching max supply is theoretical. The max supply is set at 4bil but it might not even reach 4bil and if it does it will take at least 4 years to get to that point depending on various factors.
PNC
Sorry 1 more question, since USUAL minting is linked to revenue, how do you handle this when USUAL reaches max supply?
JazzySt
Merry Christmas 🎄
Noé
We can agree to disagree, merry Xmas sir
Thanks, I think I have the answer now. I think you guys are missing on a big opportunity and potentially open doors for competitors who has a proper link btw the revenue and token, not mere a perception. Just my 2 cent 🙂 Have a good xmas
Noé
It is tho, since Usual has an emission that it tied the the revenue (only minted for revenue) it gives Earnings per Token properties to it
PNC
comparing stock to token is not proper I think most ppl would understand.
Noé
Not arguing - sorry if it seemed like it
PNC
I am not here to argue with anyone, just to gather information.
Noé
USUAL is literal protocol equity
Proof is, stocks vary a lot depending on the firm’s earnings
Of course it is
It’s like saying Amazon’s stock isn’t tied to revenue just because they didn’t distribute dividends for years
PNC
that, unfortunately is not a proper connection - you can't convert btw bank yield and USUAL token. Bench marking is not a proper connection, it is perception.
Noé
Usual is linked because its emission is tied to the revenue and gives clear tradfi metrics such as PE and Earnings per Token
JazzySt
Emissions are reduced to protect the token value with increased TVL and other criteria
The connection between yield conversion and token minting ensures that usual token are distributed proportionately to economic distributions (yield generation, stable coin activity, staking etc…) creating a sustainable tokenomics model. It incentivizes active participation while aligning token issuance with growth metrics yet maintaining a disinflationary projection
PNC
By saying properly, I meant a direct conversion btw the two in some way, could be you use the revenu to burn USUAL, or offer direct redeem btw USUAL to bank revenue.
Sure. IMO, USUAL is sitting on a massive opportunity, all you guys need is link the bank revenue to USUAL token properly, USUAL will then literally replace USDT, USDC in no time at all. If not properly linked, according to your emission rate of USUAL as more user gets onboard, you will struggle to maintain USUAL's price, which will back fire on the reward system into minting more USUAL, causing a death spiral.
JazzySt
Oh I get you now hold on just finishing wrapping the last gift and I’ll answer you if you’re not in a hurry 🫣
PNC
there is no clear connection of these two, that's why I am asking the Q here. I believe this is the missing link could push USUAL to end of the war of stable coins. But unfortunately I just can't find the link.
PNC
I have carefully read the whitepaper inside out
JazzySt
Ok it would be easier to understand the specific mechanics of yield conversation to usual token via the white paper and tokenomics documentation. It is not misleading as transparency is a key factor in the project
Noé
The contract shows collateral and revenue
PNC
No, usual+ @JazzySt
JazzySt
@PNC are you staking USD0++?
nihilistic button clicker
oops.. i tried!!
JazzySt
# 📩ㆍsupport-contact
PNC
thats not related to my question...
nihilistic button clicker
whats the crypto contract address for the protocol revenues?
nihilistic button clicker
yeh, i think in the longrun the yield should trend towards 45%*FedFund for USD0++ holders since 45% of daily usual emission is allocated to USD0++ holders (USD0 stakers). for now it is high as it reflects $usual initial high emission as designed
NeonThunderX
12/24/2024 at 15:12:50 ESTThe Homepage
nihilistic button clicker
yea fair that makes more sense.. its tagged under the 'treasury address' . dyk where i can see the protocol revenues?