#
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 23 of 74
BingChilling
Generation trade lmao
HEXTOR
How much is your Day 1 Reward ?
WM
12/21/2024 at 16:10:38 EST"for the time being", then?
Mava (AI Support)
USUALx acts like a vault share, meaning the rewards are reflected directly in its value rather than increasing the number of USUALx tokens you hold. Over time, the amount you can unstake will be higher as rewards accumulate, but the USUALx amount itself remains the same.
Mava AI Beta
CongQ
My sweet day 1 APY๐ญ
qaesarx
Should there be additional USUALx after 24h??? The USUALx amount is the same
Noรฉ
Please check # ๐คใtroubleshooting and pinned messages sir
1- The Treasury compounds, increasing the protocol's overall revenue, $USUAL's Earnings per Token (implied value) and scarcity.
2- It could be partially used, through DAO proposals, for partial revenue-share with USUALx holders, buybacks etc.
ndx
alright so token holder value acrual not there yet but all options open Thanks sir
Noรฉ
Agreed - this question didn't come up as we only operate on fundraise for the time being.
alright great, so there is $5 remaining at the end!
What happens to these? I don't think there is a redistribution mechanism to token holders for now?
I guess they can vote one if they want? What other outcome do you see?Noรฉ
1- The Treasury compounds, increasing the protocol's overall revenue, $USUAL's Earnings per Token (implied value) and scarcity. 2- It could be partially used, through DAO proposals, for partial revenue-share with USUALx holders, buybacks etc.
qaesarx
I donโt see additional USUALx being added every day. Same amount of coins
Hey! It's a bit simplified but it's mostly that.
The only part that is wrong is related to expenses. Usual doesn't use the Treasury for expenses. Those things are covered by our fundraise, and for longevity, DAO has a right to approximately 9% of all new $USUAL emissions - this would enable the protocol to never touch its Treasury, or at least have various options.WM
12/21/2024 at 16:07:05 ESTsincerely Id rather Usual use Tbills roi for expenses. Selling $USUAL to operate is hurtful for USUAL holders
CongQ
my last buy-in was yesterday at $1.2, sold HYPE, still woudlnt regret it๐คฃ
Meris
but buying at 0.88 copared to buying at 0.20-25 at start its a huge difference ๐
Hi guys, after converting USUAL to USUALx I donโt see any additional rewards coming in. Why?Mava (AI Support)
When you convert USUAL to USUALx, you receive a vault share that represents your share of the rewards. The rewards are auto-compounded into the value of USUALx, meaning you won't see them as separate transactions. Instead, your share increases over time, allowing you to withdraw more USUAL when you decide to unstake.
Mava AI Betaqaesarx
Hi guys, after converting USUAL to USUALx I donโt see any additional rewards coming in. Why?
Meris
it is still the start indeed
Hey! It's a bit simplified but it's mostly that.
The only part that is wrong is related to expenses. Usual doesn't use the Treasury for expenses. Those things are covered by our fundraise, and for longevity, DAO has a right to approximately 9% of all new $USUAL emissions - this would enable the protocol to never touch its Treasury, or at least have various options.ndx
alright great, so there is $5 remaining at the end! What happens to these? I don't think there is a redistribution mechanism to token holders for now? I guess they can vote one if they want? What other outcome do you see?
CongQ
We're still at the start tho
Meris
lucky for people that were here from start ๐
Noรฉ
lmfao yeah
CongQ
imagine 1 month ago if someone told us "dumping" would mean the token is at $1+
hey @Noรฉ how are you?
Bit of a long text but I'm just trying to ask a clear question so we don't have to go back and forth too much ๐
Part 1:
1. $100 is swapped from usdc to usd0
2. usdc is swapped for tokenized tbills which are kept in treasury
3. 1 year later, let's say no new inflow, there is now $105 in treasury (from interest)
Part 2:
1. Usual holders control the treasury
2. All rewards from are paid in usual, so the $5 are still available for use
3. Let's say there is $3 left after operating, marketing, etc.
Questions:
1. Do you agree with part 1?
2. Do you agree with part 2?
3. What happens with the $3 left? Is there a way for USUAL holders to get it?Noรฉ
Hey! It's a bit simplified but it's mostly that. The only part that is wrong is related to expenses. Usual doesn't use the Treasury for expenses. Those things are covered by our fundraise, and for longevity, DAO has a right to approximately 9% of all new $USUAL emissions - this would enable the protocol to never touch its Treasury, or at least have various options.
Lord Punterino
Anyone knows what was the initial launch price of USUAL ?
What is going on with price dumping non stop, was the pump just binance launchpool selling after getting their profits?
gintruxx
it's a social experiment bro ๐
hey @Noรฉ how are you?
Bit of a long text but I'm just trying to ask a clear question so we don't have to go back and forth too much ๐
Part 1:
1. $100 is swapped from usdc to usd0
2. usdc is swapped for tokenized tbills which are kept in treasury
3. 1 year later, let's say no new inflow, there is now $105 in treasury (from interest)
Part 2:
1. Usual holders control the treasury
2. All rewards from are paid in usual, so the $5 are still available for use
3. Let's say there is $3 left after operating, marketing, etc.
Questions:
1. Do you agree with part 1?
2. Do you agree with part 2?
3. What happens with the $3 left? Is there a way for USUAL holders to get it?Cryptocor
What is going on with price dumping non stop, was the pump just binance launchpool selling after getting their profits?
hey @Noรฉ how are you?
Bit of a long text but I'm just trying to ask a clear question so we don't have to go back and forth too much ๐
Part 1:
1. $100 is swapped from usdc to usd0
2. usdc is swapped for tokenized tbills which are kept in treasury
3. 1 year later, let's say no new inflow, there is now $105 in treasury (from interest)
Part 2:
1. Usual holders control the treasury
2. All rewards from are paid in usual, so the $5 are still available for use
3. Let's say there is $3 left after operating, marketing, etc.
Questions:
1. Do you agree with part 1?
2. Do you agree with part 2?
3. What happens with the $3 left? Is there a way for USUAL holders to get it?
Usual
ndx
hey @Noรฉ how are you? Bit of a long text but I'm just trying to ask a clear question so we don't have to go back and forth too much ๐ Part 1: 1. $100 is swapped from usdc to usd0 2. usdc is swapped for tokenized tbills which are kept in treasury 3. 1 year later, let's say no new inflow, there is now $105 in treasury (from interest) Part 2: 1. Usual holders control the treasury 2. All rewards from are paid in usual, so the $5 are still available for use 3. Let's say there is $3 left after operating, marketing, etc. Questions: 1. Do you agree with part 1? 2. Do you agree with part 2? 3. What happens with the $3 left? Is there a way for USUAL holders to get it?
CongQ
no u don't, u just need to be humble and take your time
Noรฉ
lmfao
WM
12/21/2024 at 16:02:22 EST๐
depends on the price, chart definitely looks like a chirsmas tree atm
JazzySt
Not really Iโm old and originally medical field turned project manager and still read enough to understand haha and I ask
Noรฉ
x)
But don't hate me if I take my christmas as time off
Noรฉ
That's our role sir! I try to stay as much as possible on Discord to answer those questions
WM
12/21/2024 at 16:01:23 ESTmy bad, also I appreciate that you are taking your time to educate us
gintruxx
you have to be financial engineering phd to comprehend this crypto stuff
JazzySt
Itโs not even in their strategy
Jose LB
12/21/2024 at 16:00:59 ESTWill be possible use UsualX for protocols in future or just will work as staked token? @Noรฉ
Noรฉ
Already replied on that above boss :) before all that convo
WM
12/21/2024 at 16:00:44 ESTwhat about 10% of it?
Noรฉ
Well, I don't need to be a quant to tell you that if we withdraw 100% of the Treasury to buyback a token that is already pumping, it would be bad, since it will have zero utility and will instead remove all the revenue backing $USUAL
yeah but I'm just saying this usual scheme is very smart. I read whitepaper now. I almost didn't expect it to be as clever lolyeah but I'm just saying this usual scheme is very smart. I read whitepaper now. I almost didn't expect it to be as clever lolthat's fine, but sUSDe will not give you speculative gains, it will give you 20-30% apygintruxx
yeah but I'm just saying this usual scheme is very smart. I read whitepaper now. I almost didn't expect it to be as clever lol
Noรฉ
comparing sUSDe with a governance token is some next level finance
Lord Punterino
we're talking about different things here
Lord Punterino
that's fine, but sUSDe will not give you speculative gains, it will give you 20-30% apy
JazzySt
Ok just checking my reply to someone
@Noรฉ how can someone redeem USD0 to fiat? Secondary market right after swapping (linking to wallet etc then selling assets in their exchange of choice) right?Lord Punterino
if everything is 100% safe and you need the government to come and give you a guarantee and a pinky promise nothing will go wrong, then you're investing in the wrong asset class
gintruxx
currently quite happy with susde on ethena.
Noรฉ
Walking away with the treasury would literally be a crime lmeow
JazzySt
@Noรฉ how can someone redeem USD0 to fiat? Secondary market right after swapping (linking to wallet etc then selling assets in their exchange of choice) right?
Lord Punterino
Then you shouldn't be in crypto bro, go hold bonds or gold
gintruxx
yeah maybe. I just don't know if there are any loopholes or not. Life is full of nuances
Noรฉ
Usual is registered as an association in France lmao, non-profit
Lord Punterino
so how can they "walk away" ?
if they can invest into marketing to attract gamblers that raise price, they don't even have to do buybacks. And 4y later they may just walk away with like 4 x 50mil or something that they could technically keep for themselvesLord Punterino
Yes but the DAO makes the decisions, and the DAO is owned by USUAL holders bozo
WM
12/21/2024 at 15:53:40 EST@Mava (AI Support) unstaking from Usualx, besides the 10% fee, is there a period until it unstakes? or its instant
if they can invest into marketing to attract gamblers that raise price, they don't even have to do buybacks. And 4y later they may just walk away with like 4 x 50mil or something that they could technically keep for themselves
Jose LB
12/21/2024 at 15:53:13 ESTNice
Noรฉ
When it's live sir! We'll finalize the basic offerings and activate governance very soon
Okay but I think one difference respectfully is that due to regulations, shareholders have legal claim over the money in the company, eg. nvda.
Whereas USUAL holders do not legally own the treasury, it's faith that team would carry out as intendedgintruxx
if they can invest into marketing to attract gamblers that raise price, they don't even have to do buybacks. And 4y later they may just walk away with like 4 x 50mil or something that they could technically keep for themselves
Lord Punterino
ENA is speculating that the token will have rev share in the future dude
They do when staking into USUALx, through Governance: not the same thing indeed, but crypto alternativeJose LB
12/21/2024 at 15:52:43 ESTHow participate with the Governance? I have UsualX
They do when staking into USUALx, through Governance: not the same thing indeed, but crypto alternativeOkay but I think one difference respectfully is that due to regulations, shareholders have legal claim over the money in the company, eg. nvda.
Whereas USUAL holders do not legally own the treasury, it's faith that team would carry out as intendedJose LB
12/21/2024 at 15:52:08 ESTWell, i guess is normal have a lot questions when the proyect has a few weeks of life
Okay but I think one difference respectfully is that due to regulations, shareholders have legal claim over the money in the company, eg. nvda.
Whereas USUAL holders do not legally own the treasury, it's faith that team would carry out as intendedJazzySt
They have governance
Lord Punterino
Which is fine, because we are at very early stages imo
gintruxx
I meant $sUSDe, not $ENA. ENA is just as speculative as USUAL
Lord Punterino
Okay but I think one difference respectfully is that due to regulations, shareholders have legal claim over the money in the company, eg. nvda. Whereas USUAL holders do not legally own the treasury, it's faith that team would carry out as intended
Noรฉ
and $ENA is backed by what.....?
Noรฉ
yeah not sure to understand those questions, it's literally putting the whole finance world into question
gintruxx
ethena, looked kinda fair game when i looked.
WM
12/21/2024 at 15:50:59 ESTbecause with that attitude, you wouldn't be in the finance space
Noรฉ
And on top of that traditional metric, $USUAL gets scarcer and scarcer, increasing its Earnings per Token and decreasing the P/E.
that's why I don't touch stocks too... but it's correct observation. just very interesting and smart scheme.
Isn't that the same as stocks though?
If I hold tsla, and tsla makes 1bln this year and doesn't issue any dividends and don't plan to, technically my tsla stock is worthless?gintruxx
that's why I don't touch stocks too... but it's correct observation. just very interesting and smart scheme.
Noรฉ
Why does NVIDIA pumps? earnings
Isn't that the same as stocks though?
If I hold tsla, and tsla makes 1bln this year and doesn't issue any dividends and don't plan to, technically my tsla stock is worthless?Noรฉ
Yep, exactly my point
@Noรฉ going through this recent conversation,
It seems that USUAL is backed by the protocol treasury which collects 100% of the yield correct?
And the other tokens (USD0 / UsualX) would get USUAL as a rewardNoรฉ
$USUAL is minted only when revenue enters the protocol, and gets scarcer as the revenue grows. Knowing that, well, 1 USUAL = XX$ of revenue, giving it the same characteristics as equity for the price mechanism at least?
Lord Punterino
But it will never be worthless because the revenue from tsla is still backing the stocks I own
it's effectively us giving a 0% interest loan to DAO, that they can invest and get a yield from, which we may or may not see.
in 4 years or sooner, it could be that USUAL price crashes, people get angry, the team says "well, it didn't work out", the team unlocks USD0++, everybody takes their collateral back, nobody is too angry because everybody didn't really lose anything other than their "opportunity cost". In the mean time, the generated yield from the collateral may or may not be pumped into USUAL market (via buybacks) based on an optional future decision by DAO. If it's not pumped, that would effectively make us (the investors) as 0% interest loan providers.Lord Punterino
Isn't that the same as stocks though? If I hold tsla, and tsla makes 1bln this year and doesn't issue any dividends and don't plan to, technically my tsla stock is worthless?
JazzySt
You will need to use the swap to usdt or anything then sell on your exchange through the wallet your connected with or whichever way you prefer. Thereโs no direct fiat deposit or withdrawal on usual site as far as Iโve seen. Only way Iโve seen is via swap then linked wallet etc
Lord Punterino
@Noรฉ going through this recent conversation, It seems that USUAL is backed by the protocol treasury which collects 100% of the yield correct? And the other tokens (USD0 / UsualX) would get USUAL as a reward
gintruxx
it's effectively us giving a 0% interest loan to DAO, that they can invest and get a yield from, which we may or may not see. in 4 years or sooner, it could be that USUAL price crashes, people get angry, the team says "well, it didn't work out", the team unlocks USD0++, everybody takes their collateral back, nobody is too angry because everybody didn't really lose anything other than their "opportunity cost". In the mean time, the generated yield from the collateral may or may not be pumped into USUAL market (via buybacks) based on an optional future decision by DAO. If it's not pumped, that would effectively make us (the investors) as 0% interest loan providers.
fab1440
i mean USD0 to fiat USD not usdt
Noรฉ
Growth exposure to the protocol
Cryptocor
Other then making choice, what are the benefits of holding usual
Noรฉ
Globally we have to remember: revenue backs $USUAL. If we take part of that revenue or treasury to do something else with it, it has to be something better than the original "backing" mechanism. Basically a smart buyback!
Mava (AI Support)
Holding $USUAL can provide benefits such as participating in governance and potentially earning rewards through yield mechanisms. The protocol aims to reward its community, which includes $USUAL holders, by fostering a new financial infrastructure.
Mava AI BetaCryptocor
I was wondering is there any benefits of holding $usual?
Noรฉ
Buybacks are clearly not out of scope! Such mechanism could be implemented in the future: but as previously said, it shouldn't just be random buyback. It could maybe be at a certain PE or EPT ratio, with a certain part of the revenue (e.g. not t-bills since it backs USD0++ yield, but maybe USUALx unstaking fees etc.).
JazzySt
I think lol donโt quote me ๐
JazzySt
In swap to usdt on site or secondary exchange
WM
12/21/2024 at 15:41:21 EST@Noรฉ thoughts?
Florent Th
OK. Could you give me the link to "Usual platform's governance portal or community forums" ? Couldn't find it in the doc. BTW, any timeline for "Over time, the protocol will transition toward a decentralized governance model" ?
Noรฉ
not the solution
Buyback is one element of the chain
Noรฉ
$HYPE is the only good example recently, but imho it's also thanks to a very strong community/cult (which is very good! just not 100% thanks to buyback imho).
$USUAL is maybe the only token in the whole crypto space with the TradFi concept of Price to Earn ratio and Earnings Per Token, literally correlated to the protocol's revenue, but someone will still say it doesn't matter because we don't do what everyone else does.
Well, let's see everyone elses chart? How many tokens doing buybacks are pumping? Let's check RLB: oh wait, it has no correlation?fab1440
Hi how to redeem USD0 to fiat
KQat
hype tied to the ecosystem, buyback has nothing to do with it
$USUAL is maybe the only token in the whole crypto space with the TradFi concept of Price to Earn ratio and Earnings Per Token, literally correlated to the protocol's revenue, but someone will still say it doesn't matter because we don't do what everyone else does.
Well, let's see everyone elses chart? How many tokens doing buybacks are pumping? Let's check RLB: oh wait, it has no correlation?
Noรฉ
$USUAL is maybe the only token in the whole crypto space with the TradFi concept of Price to Earn ratio and Earnings Per Token, literally correlated to the protocol's revenue, but someone will still say it doesn't matter because we don't do what everyone else does. Well, let's see everyone elses chart? How many tokens doing buybacks are pumping? Let's check RLB: oh wait, it has no correlation?
SHREW55
This project was great from the starting and people are not getting it
WM
12/21/2024 at 15:38:48 ESTI would still not discard such opinions and take the opportunity and do some buybacks as a form of marketing.
Well i get you point sir @Noรฉ coz these people think theyโll get rich in 3 days period after listing by buying 30$ worth of usualNoรฉ
"which is more speculative than a currency" you're in crypto, everything is speculation at the end of the day. But at least $USUAL has clear traditional financial metrics.
gintruxx
so basically the idea here is that you're investing currency based capital (you buy USD0 with stablecoins) and you earn what seems to be "shares" ($USUAL), which is more speculative than a currency. In my understanding.
WM
12/21/2024 at 15:37:01 ESTNoe, given how "buyback" is percieved in this space, and how everyone is crazy about it because of the most notabily Hyperliquid project and $HYPE price action, one would think to consider doing it as a method of marketing, with a % of the withdrawal on Usualx for example
Noรฉ
x)
It's a market
"If there's no one to buy, I hope regulators will come" well yeah but that applies to the entire world sir?
Noรฉ
I read your message, still don't agree because your arguments apply to whatever crypto or stock in the world, buyback or not. Also, Binance Launchpad people already sold hundered of millions of dollars of $USUAL, and same for the airdrop. We also redeemed more than $100M USD0++ in a day without issue. Price didn't fall or nothing, so your logic is just wrong tbh.
90% of projects out there would sell their soul for such revenue
your scheme is very smart, although I don't have background in financial engineering to evaluate fairly. But it just feels like this is a giant social experiment ๐ as soon as a big mass of investors want to take their profits (liquidate USUAL), ... they better "hope" that a crypto speculator/gambler will come in and buy some of that USUAL they want to sell?gintruxx
@Noรฉ
How is the treasury managed by Usual holders? Where can I find the DAO propositions, discussions, votes, etc.gintruxx
they said treasury is just being compounded now
WM
12/21/2024 at 15:32:10 ESTis the 1 : 0.92 ratio of Usual : Usualx fixed?
WM
12/21/2024 at 15:31:44 ESTits on top of the platform fees, most projects dont do it, its a very safe and smart approach
How is the treasury managed by Usual holders? Where can I find the DAO propositions, discussions, votes, etc.Mava (AI Support)
The treasury of Usual is managed by the DAO, which is controlled by USUAL token holders. These holders have the ability to propose and vote on changes related to treasury management, investment strategies, and revenue distribution. The governance model is designed to ensure that control is aligned with the ecosystemโs long-term sustainability and user-centric ethos. For detailed information on DAO propositions, discussions, and votes, you would typically find these on the Usual platform's governance portal or community forums, although specific links or platforms are not detailed in the documentation. References: 1
Mava AI BetaFlorent Th
How is the treasury managed by Usual holders? Where can I find the DAO propositions, discussions, votes, etc.
Noรฉ
Yes, and also USUALx unstaking fees
cue
What is that site?
ericscott123
just throwing a number out there, even 4.5%, just seems skinny.
but how could t bills even cover marketing, payroll and opererations costs? they are 2%.WM
12/21/2024 at 15:30:36 EST4.5% atm on treasurydirect
ericscott123
but how could t bills even cover marketing, payroll and opererations costs? they are 2%.
Of course there is, since as revenue/TVL grows, less $USUAL is minted for more revenue. This increases the EPT ratio, so, the underlying value of each token.
Also, you're talking a lot about buyback as if it were a magic solution to everything. Well, that's not the case: quantity of tokens do regular buybacks and there is no direct correlation with the price (just look at RLB lol). We're not in 2020 DeFi anymore, buybacks aren't the solution at all.
And again, you're basically dismissing the whole concept of P/E, EPT and Scarcity, which all raise the implied value of a token. Buybacks are the same, and tbh, imho, just worse. If market doesn't want to price something, well, it doesn't, no matter what you do.
> if there were no speculators on USUAL price & nobody interested in governance, who would even be buying USUAL to raise its price?
That's not a point. That argument just applies to every token in crypto, every stock in TradFi. If there's no interest, there's nothing. Yes. That's the point for everything.gintruxx
your scheme is very smart, although I don't have background in financial engineering to evaluate fairly. But it just feels like this is a giant social experiment ๐ as soon as a big mass of investors want to take their profits (liquidate USUAL), ... they better "hope" that a crypto speculator/gambler will come in and buy some of that USUAL they want to sell?
ericscott123
no way tbill yields pay 50%
Of course there is, since as revenue/TVL grows, less $USUAL is minted for more revenue. This increases the EPT ratio, so, the underlying value of each token.
Also, you're talking a lot about buyback as if it were a magic solution to everything. Well, that's not the case: quantity of tokens do regular buybacks and there is no direct correlation with the price (just look at RLB lol). We're not in 2020 DeFi anymore, buybacks aren't the solution at all.
And again, you're basically dismissing the whole concept of P/E, EPT and Scarcity, which all raise the implied value of a token. Buybacks are the same, and tbh, imho, just worse. If market doesn't want to price something, well, it doesn't, no matter what you do.
> if there were no speculators on USUAL price & nobody interested in governance, who would even be buying USUAL to raise its price?
That's not a point. That argument just applies to every token in crypto, every stock in TradFi. If there's no interest, there's nothing. Yes. That's the point for everything.WM
12/21/2024 at 15:28:31 ESTmain % of revenue comes from T bills if I understand correctly?
Mava (AI Support)
If USD0++ is priced below USD0, the DAO can unlock the USD0 before the USD0++ matures if deemed necessary under DAO governance. This action allows USD0++ to be redeemable for its USD0 if the market price of USD0++ becomes depegged. Reference: 1
Mava AI Betaericscott123
what mechanism comes into place if USD0++ depegs?
Mava (AI Support)
To swap large amounts of USDC into USUALx, you should first convert USDC to USD0 using the Usual Counter, which automatically selects the best route for you. Then, you can stake USD0 to receive USUALx. Keep in mind that when staking USUAL to USUALx, you receive less USUALx because it acts like a vault share. References: 1
Mava AI Betandx
What's the most efficient way to swap large amounts of USDC into USUALx pls?
JazzySt
Wish Noรฉ would pin it for others to find it quick. Please read message attached
JazzySt
@Jose LB sorry took a while to find
ismael barbosa
Click sim
CongQ
Go Click the ๐ง๐ท icon
Me no understando senor
ismael barbosa
Jรก fiz isso
CongQ
Go click the Brazil icon in the channel
how does USD0++ staked pay 50% and have protection against a depeg? Where is the revenue coming from. It's clearly not coming from Blackrock's money market fund. Anyone can show me this math?Mava (AI Support)
USD0++ is a liquid staking token derived from USD0, providing holders with liquidity and yield opportunities. The yield is distributed in $USUAL tokens, and the rate can vary based on market conditions. The revenue primarily comes from the protocol's treasury, which is managed by $USUAL holders. The protocol invests in on-chain Treasury bills, and the profits are directed to the treasury. The protection against depeg is managed through mechanisms like the floor price, which allows users to unstake their USD0++ for USD0 at a guaranteed minimum rate. For detailed calculations and specific yield percentages, you would need to refer to the protocol's whitepaper or financial models, which are not provided in the documentation I have access to. References: 1,2
Mava AI Beta
Does Usual grow if it's not staked into usd0++ or USUALx or is that impossible, like with what USD is USUAL using as collateral?Mava (AI Support)
USUAL can grow through its adoption and usage within the Usual ecosystem, even if it's not staked into USD0++ or USUALx. USUAL benefits from the growth of USD0, which is backed by tokenized Real-World Assets (RWAs) like U.S. Treasury bills. This backing provides security and potential for yield, supporting the value of USUAL. Reference: 1
Mava AI BetaOxygenG
Does Usual grow if it's not staked into usd0++ or USUALx or is that impossible, like with what USD is USUAL using as collateral?
ericscott123
how does USD0++ staked pay 50% and have protection against a depeg? Where is the revenue coming from. It's clearly not coming from Blackrock's money market fund. Anyone can show me this math?
ismael barbosa
# ๐ใlanguage-select BRASIL
# ๐ใlanguage-select
CongQ
DEX0, damn sounds lit
Any plans on our own DEX for perps
ismael barbosa
Estou esperando terminal todos os tokens de distribuiรงรฃo pra compra mais
Lord Punterino
LMAO
Jose LB
12/21/2024 at 15:17:16 ESTWhere is?
CongQ
True, it has served its purpose
Noรฉ
There's no ETA on that tbh
CongQ
For real?
Mava (AI Support)
USD0 is expected to be listed on centralized exchanges (CEXs) like Binance soon. However, a specific timeline for when USD0 pairs will be available on Binance has not been provided. Reference: 1
Mava AI BetaOxygenG
When should we expect if ever for usd0 to have pairs In Binance?
I understand there is relationship between protocol's revenue and USUAL issuance, but this is a price control mechanism only from the issuance side and not the buy side.
It's like me printing new monopoly money every time I get a paycheck. I can print 1:1 and control the issuance this way. But my monopoly money doesn't attain stable market value if I don't do any buybacks!Noรฉ
Of course there is, since as revenue/TVL grows, less $USUAL is minted for more revenue. This increases the EPT ratio, so, the underlying value of each token. Also, you're talking a lot about buyback as if it were a magic solution to everything. Well, that's not the case: quantity of tokens do regular buybacks and there is no direct correlation with the price (just look at RLB lol). We're not in 2020 DeFi anymore, buybacks aren't the solution at all. And again, you're basically dismissing the whole concept of P/E, EPT and Scarcity, which all raise the implied value of a token. Buybacks are the same, and tbh, imho, just worse. If market doesn't want to price something, well, it doesn't, no matter what you do. > if there were no speculators on USUAL price & nobody interested in governance, who would even be buying USUAL to raise its price? That's not a point. That argument just applies to every token in crypto, every stock in TradFi. If there's no interest, there's nothing. Yes. That's the point for everything.
if there were no speculators on USUAL price & nobody interested in governance, who would even be buying USUAL to raise its price? nobody. This is why buybacks seem essential.
Yes, because if Treasury doesn't just sit idle, 1 $USUAL wouldn't represent XX$ of revenue/treasury anymore. If there's buybacks or direct rev-share, it should be done in a very careful and smart way.
Btw, Treasury actually sits in the underlying RWAs, effectively compounding and increasing revenue (meaning, lower PE, higher EPT, more scarcity).gintruxx
I understand there is relationship between protocol's revenue and USUAL issuance, but this is a price control mechanism only from the issuance side and not the buy side. It's like me printing new monopoly money every time I get a paycheck. I can print 1:1 and control the issuance this way. But my monopoly money doesn't attain stable market value if I don't do any buybacks!
JazzySt
He did post a link where it calculates profit
Jose LB
12/21/2024 at 15:08:19 EST@Noรฉ It would be nice if the profits from having UsualX when having Usual staked, would appear in the UI how much profit we have instead of having to look at it through the unstake
so the revenue from collateral goes to the treasury, but does treasury just sit idle at this time?Noรฉ
Yes, because if Treasury doesn't just sit idle, 1 $USUAL wouldn't represent XX$ of revenue/treasury anymore. If there's buybacks or direct rev-share, it should be done in a very careful and smart way. Btw, Treasury actually sits in the underlying RWAs, effectively compounding and increasing revenue (meaning, lower PE, higher EPT, more scarcity).
"Bro", you're not understanding that if the emission of $USUAL depends on the protocol's revenue while giving ownership over the said Treasury, there is a clear P/E and Earnings Per Token ratio, which is a TradFi metric to effectively show how it's backed.
We're not in 2020 anymore, buyback is not the only wait to make a token revenue-based or backed by real metrics. You didn't even read the whole message, you started replying before that.gintruxx
so the revenue from collateral goes to the treasury, but does treasury just sit idle at this time?
Noรฉ
If 1 USUAL is emitted for 1$ of revenue, representing ownership over said revenue/treasury, it is effectively revenue-based
It effectively acts as protocol equity basically
bro you are describing how new USUAL tokens come into existence. I'm saying that the revenue from the collateral doesn't seem to be used in how people would expect it to be used. Without buybacks, the market value of USUAL is just as grounded as DOGE, it's just speculative value.Noรฉ
"Bro", you're not understanding that if the emission of $USUAL depends on the protocol's revenue while giving ownership over the said Treasury, there is a clear P/E and Earnings Per Token ratio, which is a TradFi metric to effectively show how it's backed. We're not in 2020 anymore, buyback is not the only wait to make a token revenue-based or backed by real metrics. You didn't even read the whole message, you started replying before that.
Noรฉ
recommend this read
You're not understanding. $USUAL's minting is defined per the Minting Factor, which is based on:
- The Supply (as the supply of USD0++ grows, the minting rate decreases, fostering scarcity and rewarding early adopters).
- Direct Relationship with Interest Rate (Ensuring that $USUAL is emitted based on proof of revenue)
- Growth Control Variable (enables the DAO to accelerate or decelerate changes in the minting rate)
- Rate Cap (capped by a dynamic maximum which corresponds to the initial set minting rate)
This structured approach ensures that USUAL issuance remains adaptive to both macroeconomic conditions and protocol-specific developments, fostering long-term sustainability and alignment with user incentives.
So, $USUAL is revenue-based, ands gives to user: rewards, growth exposure, governance power and ownership over the Treasury.gintruxx
bro you are describing how new USUAL tokens come into existence. I'm saying that the revenue from the collateral doesn't seem to be used in how people would expect it to be used. Without buybacks, the market value of USUAL is just as grounded as DOGE, it's just speculative value.
Noรฉ
-> https://usual.money/blog/usual-where-yield-meets-growth#detailed-distribution
that's how it's "revenue based"
And Earning per Token (EPT)
There is a clear P/E ratio
ok but without buybacks, the market value of USUAL is from the same source as with other crypto coins - hope & faithNoรฉ
You're not understanding. $USUAL's minting is defined per the Minting Factor, which is based on: - The Supply (as the supply of USD0++ grows, the minting rate decreases, fostering scarcity and rewarding early adopters). - Direct Relationship with Interest Rate (Ensuring that $USUAL is emitted based on proof of revenue) - Growth Control Variable (enables the DAO to accelerate or decelerate changes in the minting rate) - Rate Cap (capped by a dynamic maximum which corresponds to the initial set minting rate) This structured approach ensures that USUAL issuance remains adaptive to both macroeconomic conditions and protocol-specific developments, fostering long-term sustainability and alignment with user incentives. So, $USUAL is revenue-based, ands gives to user: rewards, growth exposure, governance power and ownership over the Treasury.
HEXTOR
anyone knows whats the main reason behind constant decline in chart of usual from past 36 hours?
gintruxx
disinflationary is about supply. I'm saying that without buybacks, there is no demand pressure that should be coming from the revenue generated with the collateral.
ok but without buybacks, the market value of USUAL is from the same source as with other crypto coins - hope & faith
Noรฉ
And it's disinflationary
It's only emitted when revenue enters the protocol, as per the Minting Factor detailed in our whitepaper
Because $USUAL is revenue based.
gintruxx
but how can it back USUAL if there are no buybacks happening
Noรฉ
It backs $USUAL since it's revenue based, so yes
gintruxx
so the revenue from collateral is just sitting idle?
Noรฉ
There's no need for it
There a misunderstanding here, there is no buybacks ocurring right now
gintruxx
has there been at least 1 USUAL buyback yet?
JazzySt
Away for a few minutes, behave!
Is USUAL buyback automatic in smart contracts or does it require manual intervention from DAO treasury managemnet?Mava (AI Support)
The USUAL buyback process is not automatically executed by smart contracts. It requires intervention from the DAO treasury management. The DAO has the authority to decide on buybacks, which must be done carefully to ensure they align with the protocol's goals and do not negatively impact the USUAL mechanism.
Mava AI BetaMava (AI Support)
USD0++ generates fees in the form of USUAL-denominated fees. One-third (approximately 33.33%) of all USUAL used to pay system fees is allocated as rewards for USUALx holders. These fees include unstaking fees for USUALx and early redemption fees for USD0++.
Mava AI Betagintruxx
Is USUAL buyback automatic in smart contracts or does it require manual intervention from DAO treasury managemnet?
ananasbrb
What fees are generated from USDO++?
ananasbrb
Where does the yield on USUALx tokens come from?
Mava (AI Support)
The buyback of USUAL tokens can be used as a mechanism to manage the protocol's treasury and enhance the value of USUAL. The yield obtained by the protocol could be used for buyback purposes under a 'fair price' (e.g., P/E ratio), or partially directly redistributed. However, this decision is up to the DAO and must be done carefully to avoid impacting USUAL's mechanism and flywheel. References: 1,2
Mava AI Beta
treebeard
Usd0 is a stablecoin, $usual is not
Mava (AI Support)
A stablecoin is a type of cryptocurrency designed to maintain a stable value relative to a specific asset or basket of assets, typically a fiat currency like the US dollar. This stability is achieved through various mechanisms, such as backing the stablecoin with reserves of the pegged asset or using algorithms to control supply. Stablecoins are used to facilitate transactions within the cryptocurrency ecosystem without the volatility associated with other cryptocurrencies.
Mava AI BetaHEXTOR
Then what does it mean by StableCoin ?
Since its binded with USD0 we know it wont touch below 1.1 mark but what about Following ALTCoin / BTC Market trends,
When all were down Usual was on TOP in Gainers, since all other are UP , Usual is going down.treebeard
Usual is not pegged to usd0
JazzySt
Besides look at whatโs happening in the US, theyโre distracted with the ๐ธ
Since its binded with USD0 we know it wont touch below 1.1 mark but what about Following ALTCoin / BTC Market trends,
When all were down Usual was on TOP in Gainers, since all other are UP , Usual is going down.JazzySt
Itโs holiday market at the moment and weekend. Not many trading this week and the next so it is expected
gintruxx
why are USUAL buyback procedures not documented?
gintruxx
How often does the buyback happen?
HEXTOR
Since its binded with USD0 we know it wont touch below 1.1 mark but what about Following ALTCoin / BTC Market trends, When all were down Usual was on TOP in Gainers, since all other are UP , Usual is going down.
JazzySt
Not sky rocket per say but it will get to where it deserves to be ๐
Mava (AI Support)
Yes, the revenue generated by the underlying Real-World Assets (RWAs) in the system is used to back the value of $USUAL. This revenue accumulates in the treasury, effectively supporting the value of $USUAL. However, the specific mechanism of buyback using this revenue is not explicitly detailed in the available documentation.
Mava AI Betagintruxx
is USUAL buyback being done from the revenue of the underlying collateral in the system?
JazzySt
But look at the TVL that alone shows that team USUAL is on ๐ฅ
cue
Scarcity is the key isn't it? After it becomes a real problem the prices should rocket
JazzySt
Once scarcity hits then you will see the actual token value
JazzySt
We canโt really do much at the moment trust the process
Mava (AI Support)
The price of $USUAL can be influenced by several factors including market demand, governance adjustments, and the overall performance of the Usual protocol. While there is potential for the price to rise above the current bracket, it largely depends on these factors and market conditions.
Mava AI BetaHEXTOR
Guys any hopes of getting the the Usual above this 1.1 - 1.4 bracket?
cue
Baguette? Crossaint?
cue
Yeah, VPN may be the solution
Yes sure ! I live in quebec in canada and the apps say on the website that my locatipn doesnt have acess to this serviceJazzySt
VPN ๐
Cryptocor
Meaning i cant do anything qith the usual i bpught??
Yes sure ! I live in quebec in canada and the apps say on the website that my locatipn doesnt have acess to this service
JazzySt
Thatโs why I said to go to language setting
JazzySt
Welcome back ๐
Meris
Welcome back ๐
JazzySt
# ๐ใlanguage-select pour la langue Franรงaise
Noรฉ
I'm back
@Noรฉ J'habite au quebec, canada. Ca me dit que le service n'est pas fonctionnel pour ma location ?Cryptocor
@Noรฉ J'habite au quebec, canada. Ca me dit que le service n'est pas fonctionnel pour ma location ?
JazzySt
This is not allowed
JazzySt
@Noรฉ report scammer
cue
please ban this guy
Usual
cue
Yep, it's auto-compounding
Meris
Does the earned amount gets auto staked back?
That doesn't affect APY since the APY applies to the ratio of usualx:usual, which isn't dependent on market priceJazzySt
Yes sorry I was trying to correct myself itโs @cue fault he fried my brain
JazzySt
I meant ratio of tokens to usualx
treebeard
That doesn't affect APY since the APY applies to the ratio of usualx:usual, which isn't dependent on market price
Meris
thank you @Mava (AI Support)
Meris
Higher price=better apy or vice versa?
Oh, what about price?
JazzySt
Itโs not just dรฉpendant on apy, price of token on market as well
JazzySt
The few I have left ๐คฃ
cue
Haha I woke up some neurons
JazzySt
You had me double guess myself and check my brain
No problem lol
JazzySt
How so?
Meris
and when someone unstakes early, we get a part of that
i understand now, so the more ppl staking the lower apy goes
JazzySt
Itโs not going to stay 19 it will be variable depending on apy
treebeard
No, closer to 8, not sure how debank is calculating it but possibly they're also using dex price. Or something else that's off
621936
Very good . Since apy now is high u r lucky . Apy will go down sure since more ppl will stake . Enjoy now
Meris
so i'll earn 19 usual per day or wtf
621936
Every new product will have issue And team sure will make it better and better . Now go buy usual and stake it cuz maybe for early staker we get 1mil for each one cuz we didn't unstake during update app ๐๐๐๐
Meris
yea, it showed 19 in there as well
JazzySt
Did you see the link Noรฉ provided that you can check what you earned?
cuz on the UI with my 1222 staked it showed I get 8.3 usual per day, but I already got 19? Makes no senseMava (AI Support)
The discrepancy you're experiencing might be due to the way rewards are calculated and displayed. USUALx rewards are calculated at each block but updated on the UI daily. Additionally, if other users unstake and pay fees, a portion of these fees is redistributed to remaining stakers, which could explain the higher amount you received.
Mava AI BetaMeris
cuz on the UI with my 1222 staked it showed I get 8.3 usual per day, but I already got 19? Makes no sense
Meris
i don't really care about balance right now, i'm just confused "_
621936
Relax all . Update is coming Wait and don't check ur balance Yes we r early asf
Will we be able to see how much we earned in the UI when they fix it? So we don't have to check demasktreebeard
Yeah probably but won't know until they deploy that update
so i staked 1222 usual like 3h ago, on Demask it shows 1241.41 now, how is this possible? Makes no sense to earn 19 Usual in less than 3 hours?Mava (AI Support)
The increase in your USUAL tokens might be due to the way USUALx functions. USUALx acts like a vault share, meaning your rewards are reflected directly in its value. The amount you see might not directly represent the nominal number of tokens but rather your share in the staking pool. This can sometimes lead to fluctuations in the displayed amount.
Mava AI Beta621936
Well that is good news . I'll not check my balance till team solve it
Meris
so i staked 1222 usual like 3h ago, on Demask it shows 1241.41 now, how is this possible? Makes no sense to earn 19 Usual in less than 3 hours?
It is already, but what you were seeing before was a higher rate than your "locked" rate because it was trading higher on uniswap
krypt0man1ac
No, because there's a difference between if I've unstaked yesterday and today....
We already bought and stake . Now we don't know how much we get cuz dev can't add small window for xusual staker . Is that too hard ??Mava (AI Support)
When you stake USUAL into USUALx, your rewards accrue and auto-compound. You can see the rewards when you try to unstake, as they do not show up under the classic 'Pending Rewards'. The development team is working on making the UI clearer for USUALx rewards.
Mava AI Beta
Robert353rralOp
12/21/2024 at 14:27:05 ESTYes it will be updated for eveerybody to see
621936
We already bought and stake . Now we don't know how much we get cuz dev can't add small window for xusual staker . Is that too hard ??
Usual
Meris
@treebeard ill ask you cus you seem more knowledeble
Will we be able to see how much we earned in the UI when they fix it? So we don't have to check demaskMeris
Will we be able to see how much we earned in the UI when they fix it? So we don't have to check demask
The value of usualx does still constantly increase in terms of usual. When you checked before you might've been seeing an even better rate than what your underlying actually earned - fee due to the price on uniswap being higherJazzySt
I did put a suggestion in just now for a few schedule check it out
You're maybe right, but :
In my opinion, each day's value should be locked. Like I earned 100 on December 21 th, something should be done to assure you that on December 22nd this won't drop in value. Do you understand what I want to mean?treebeard
It is already, but what you were seeing before was a higher rate than your "locked" rate because it was trading higher on uniswap
The value of usualx does still constantly increase in terms of usual. When you checked before you might've been seeing an even better rate than what your underlying actually earned - fee due to the price on uniswap being highertreebeard
It was definitely this, looking at the usual/usualx LP on uniswap
krypt0man1ac
You're maybe right, but : In my opinion, each day's value should be locked. Like I earned 100 on December 21 th, something should be done to assure you that on December 22nd this won't drop in value. Do you understand what I want to mean?
621936
App should be more clear . And should be window as wen u stake usd0+ for xusual . So we can know how much we getting . All we keep checking and really feel lost . 2 days and yet still less that I stake first time lol Can dev do something
treebeard
That's my assumption based on your messages at least
Honestly, I'm a bit confused... I was so happy that the value toped yesterday, but now it went down. Normally staking must be going up steadily. Not fluctuating, what's the difference then...treebeard
The value of usualx does still constantly increase in terms of usual. When you checked before you might've been seeing an even better rate than what your underlying actually earned - fee due to the price on uniswap being higher
Mava (AI Support)
Governance in the context of Usual refers to the process by which holders of Usual Tokens participate in decision-making and the future direction of the Usual Protocol. This includes voting on proposals, deciding on the development roadmap, and contributing to key decisions that shape the protocol's evolution. Governance is intended to be decentralized, with power distributed among the community of token holders. References: 1,2
Mava AI BetaMeris
@Mava (AI Support) what's governance
Was it showing the fee when you previously checked? It might've been routing through a dex then, but not nowkrypt0man1ac
Honestly, I'm a bit confused... I was so happy that the value toped yesterday, but now it went down. Normally staking must be going up steadily. Not fluctuating, what's the difference then...
Meris
What is the governance button?
treebeard
Maybe people brought the dex price down to par I didn't check
treebeard
Was it showing the fee when you previously checked? It might've been routing through a dex then, but not now
DraKryZ
When you try to unstake you have the value of what you obtain displayed This value - (your bad deposit usual * 0.9) = your rewards
krypt0man1ac
Not a secondary market... It's still showing the fee ๐
In my case : The value of '' Minimum received '' decreased by 100 USUAL this afternoon... Can someone explain?treebeard
It's routing you through a dex, price on dex decreased, but dex price is probably still a better rate than the 10% fee if the UI is still saying "secondary market"
krypt0man1ac
Isn't supposed to be more everyday??
621936
Yeah I didn't get it
krypt0man1ac
In my case : The value of '' Minimum received '' decreased by 100 USUAL this afternoon... Can someone explain?
I'm going to pin this message for reference about USUALx.
-> No unstaking fee?
Your order is probably routed through a secondary market pool. This is swapping, not unstaking, so there's indeed no unstaking fee from the protocol, buuut, it could be priced in in the conversion rate by the secondary market itself.
Since this pool isn't supported by Usual, there could also be an error when trying to do that, lack of liquidity etc.
-> The "Before unstaking fee" amount is wrong
Yes, there seem to be an issue about that. Tech team knows about it and we should be able to give clarity or fix that soon. Bear in mind that it's just a display issue, the actual data and "Min Received" amount are correct.
-> So how can I see my rewards?
For reference, please check # ๐คใtroubleshooting and # ๐ใminor-updates. You can compare what you initially deposited, in $USUAL, not USUALx, multiply it by 0.9, and compare it with the "Min Received" when trying to unstake.
Basically Current Min Received in USUAL - (Initial USUAL deposit * 0.9) = rewards.
I made a quick website to simulate that easily, while the team is working on a fix (DraKryZ
@621936 this message
Brad | Giraft.io
next cycle?
621936
Wt that mean
Brad | Giraft.io
when is day 7?
Mava (AI Support)
Your pending rewards for USD0++ accumulate daily, but you have to wait 7 days before you can claim them. You can track your rewards on your dApp dashboard under 'Pending Rewards'. Each epoch is followed by a one-week verification period, allowing you to review the distributionโs accuracy.
Mava AI BetaBrad | Giraft.io
how do I know what part of my pending rewards unlcoks enxt epoch?
i staked my usual as usualx but my usualx amount doesnโt change at all. How could I see the reward I have through staking? ThanksDraKryZ
Check last pinned message.
i staked my usual as usualx but my usualx amount doesnโt change at all. How could I see the reward I have through staking? ThanksMava (AI Support)
USUALx acts like a vault share, meaning that the rewards are reflected in the value of USUALx rather than in the amount. When you try to unstake, you will see the increased value due to accumulated rewards. The amount of USUALx remains the same, but the value you can withdraw increases over time.
Mava AI BetaCTUOSOOCYH27
i staked my usual as usualx but my usualx amount doesnโt change at all. How could I see the reward I have through staking? Thanks
ยซ 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. ยปJazzySt
But even now before unstaking is implemented there is a burning mechanism that balances it out
DraKryZ
ยซ 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. ยป
Blue
Guys what do you think about usual price on binance it will go up again ?
JazzySt
This is why I think if itโs not distributed or dispatched it is burned
Wrathed
And I can just trade back and forth and create infinite supply in theory. But the issuance is tied to TVL not supply of Usual
It becomes disinflationary as TVL grows. But the supply is still infinite.
Wrathed
Thatโs what Iโm trying to find out. Because reading through the docs, I havenโt found one
JazzySt
Iโm sure thereโs a mechanism that calculates it and balances it out
Wrathed
USUAL Token Issuance: USUAL tokens are issued based on the amount of USD0++ minted. Each minting event triggers the issuance of a corresponding number of USUAL tokens, reflecting the growth in protocol activity and underlying assets.
How? Anytime USD0 is minted, USUAL is minted and distributed. But if someone takes USDO out of circulation by selling, the USUAL still remainsJazzySt
If itโs not distributed yet I think it is burned
yhelothere
I don't know but something seems to be off
How? Anytime USD0 is minted, USUAL is minted and distributed. But if someone takes USDO out of circulation by selling, the USUAL still remainstreebeard
Nah usual isn't just minted whenever usd0 is minted afaik, read 5.1 in the whitepaper
How? Anytime USD0 is minted, USUAL is minted and distributed. But if someone takes USDO out of circulation by selling, the USUAL still remainsWrathed
@Mava (AI Support)
DraKryZ
Guys you have a great things named : Gitbook. You go to # ๐ใofficial-links , open it and read it. Welcome
JazzySt
Others here try to answer
How? Anytime USD0 is minted, USUAL is minted and distributed. But if someone takes USDO out of circulation by selling, the USUAL still remainsndx
good question i'd like to know the answer
JazzySt
Theyโre human too. They have families they need to eat and sleep etc.
Robert353rralOp
12/21/2024 at 13:58:09 ESTare you having anyproblem with that??
omid_hope
Checker link pls
Kenneth753j
12/21/2024 at 13:57:34 EST@CM Kenzo did you have any issue sir?
Wrathed
How? Anytime USD0 is minted, USUAL is minted and distributed. But if someone takes USDO out of circulation by selling, the USUAL still remains
omid_hope
I had 1000 point on galexy, and i fill the form, how can i see if that accepted??
Usual
JazzySt
Hey Rob
Robert353rralOp
12/21/2024 at 13:54:15 ESTHello everryone
If I just kept converting USDO to USDO++ and back again, wouldnโt that in theory just continuously pump the amount of USUAL to infinity? Since you issue, but donโt burnJazzySt
lol was gonna say no
If I just kept converting USDO to USDO++ and back again, wouldnโt that in theory just continuously pump the amount of USUAL to infinity? Since you issue, but donโt burnMava (AI Support)
No, continuously converting USD0 to USD0++ and back again would not result in an infinite issuance of USUAL. The issuance of USUAL is linked to specific mechanisms and not simply to the act of converting between USD0 and USD0++. Additionally, the protocol has mechanisms in place to manage the issuance and burning of USUAL tokens to maintain balance and prevent inflation. Reference: 1
Mava AI BetaWrathed
If I just kept converting USDO to USDO++ and back again, wouldnโt that in theory just continuously pump the amount of USUAL to infinity? Since you issue, but donโt burn
Usual
Kenneth753j
12/21/2024 at 13:53:39 EST@CM Kenzo how can we be of help to you sir?
JazzySt
I canโt ban or anything sorry
JazzySt
Just normal people like us
Usual
CM Kenzo
12/21/2024 at 13:52:15 ESTIs there any admin online??
Usual
HK
Admin ban this scammer
palekid
Is there a schedule of what the reward APY is daily? Or somewhere to gleam insight on how itโs going?
I know Sturdy users were rewarded in the TGE
(Thanks!) but are they continually rewarded in the post-TGE system for supplying USDC or no?Mava (AI Support)
Yes, Sturdy users can continue to earn rewards in the post-TGE system. The Usual protocol offers flexible APYs that adjust based on utilization rates, ensuring competitive returns for users supplying USDC. This allows users to maximize their overall returns through strategic lending or borrowing.
Mava AI Betapalekid
I know Sturdy users were rewarded in the TGE (Thanks!) but are they continually rewarded in the post-TGE system for supplying USDC or no?
Mava (AI Support)
When you stake USUAL into USUALx, it acts like a vault share. This means your rewards accrue and auto-compound, increasing the amount you can withdraw when you unstake. These rewards do not show up as 'Pending Rewards' but are reflected in the increased value of your USUALx when you decide to unstake.
Mava AI Beta
based on the current APY for uSD0++ if you put 1000 USD how much will you earn in a year ?Mava (AI Support)
To calculate the earnings from a 1000 USD investment in USD0++ over a year, you would need to know the current APY. For example, if the APY is 60%, you would earn approximately 600 USD in a year. The formula is: Earnings = Principal * APY. Please check the current APY on the Usual dApp for accurate calculations.
Mava AI Betakiratsunami
based on the current APY for uSD0++ if you put 1000 USD how much will you earn in a year ?
treebeard
Yes
I asked 3 times here to provide info about developers and got no answer. I hope this project wilk go to zerkiratsunami
is the APY for USD0++ daily like the one for Usual ?
stampola
Almost. I guess i staked on the first day but a bit late
A9
wish I had entered first day, would probably have paid the 10% already
JazzySt
# โใsuggestions
stampola
Definitely
CM Kenzo
12/21/2024 at 13:35:13 EST@Noรฉ I have a suggestion
A9
yeah, won't be worth for the ones entering late
I hope so man I plan on holding for long long term, we will see considerable decrease once usual hits 2 or so I thinkstampola
Yeah im holding for long term as well. So i dont really mind about the fee in short team as long as the project keep developing. When the price gets higher, 10% fee is nothing
Nemo
That's why it's for the long term
It will increase when people unstake their usual from the pool. 10% fee will be the reward for the rest who stake and also will have less people to share in the poolA9
I hope so man I plan on holding for long long term, we will see considerable decrease once usual hits 2 or so I think
DrUky
10% makes sense at 5k% apy, not at 300% apy
I wonder how much % apy will be in like a week, tryna compare to other projects but can't find any that looks like usualstampola
It will increase when people unstake their usual from the pool. 10% fee will be the reward for the rest who stake and also will have less people to share in the pool
Not binance, but dexs like uniswap. The rate on the dex won't always be better than just paying the 10% fee, so the UI will show you whatever is betterkiratsunami
thanks for the clarification bro you are a G
you mean from time to time the website connects to plateforms like Binance and check price and give better deals to users
1.if this is true, then why it's not the case always
why doesn't the UI offers better deals and always through a DEXA9
yeah usualx is like 17% of total market cap
DeltaRomeo
You can not stack them if u want and just keeping free usual
stampola
This reflect that a lot of people have staked their usualx so the apy kept decreasing
Tenma
lol XDDDDDD
I wonder how much % apy will be in like a week, tryna compare to other projects but can't find any that looks like usualMava (AI Support)
Currently, there is no way to query historical APY values or predict future APY for Usual. The APY is displayed live on the dApp for all Usual products, and it changes dynamically based on various factors.
Mava AI BetaUsual
CM Kenzo
12/21/2024 at 13:30:52 ESTHello admin,I have a suggestion
A9
I wonder how much % apy will be in like a week, tryna compare to other projects but can't find any that looks like usual
kiratsunami
you mean from time to time the website connects to plateforms like Binance and check price and give better deals to users 1.if this is true, then why it's not the case always why doesn't the UI offers better deals and always through a DEX
stampola
oh yeah. why need a website when we have chatgpt ๐
0.10usd most of the pumped launchpool projects go back to start. Now devs will sell off slowky their tokens on staked people
Alexanderz๐
Hmm I think you misunderstand my question . But thanks. I hope Dev can reply their forecast price for Usual
DrUky
yeah but apy is decreasing by 50% per day
Usual
Tenma
ok~~ i just ask chatGpt, and now i got it. i was totally wrong about this : (((((
DeltaRomeo
Break even in 15 days apy is 1000% bro
DrUky
trying ot break even our staking positions lmao crazy
A9
the fees are to avoid short term traders but it's gonna be a lot soon based on how fast apy is decreasing
treebeard
The UI now routes through a dex if there's liquidity, so yes, potentially
DrUky
most of staker will breakeven after months.. nonsense
stampola
there is a website to convert apy to apr. you can look up on google
It's because your 15m and now screenshots are routing through a dex, giving you a better rate than unstaking directly through usual and paying the 10% feekiratsunami
is there a way to avoid paying the 10% fees
DrUky
will the team change the 10% tax? It's non sense with current apr
Tenma
ahhh....damn....ok i will recalculate, thank you sir
JazzySt
Fak hahaha you scared me
DeltaRomeo
I promess you i will
JazzySt
Dude his @ is wrong
the APY is over 1000%, which means about 3% a day, so my token should add more than 1k....but its less than 200...treebeard
Nah, apy 1000% (~240% apr) means 0.66% return after 1 day.
DeltaRomeo
If he look like the real noe i think i can share my wallet with him. Noe is a good guy
tomaszron
0.10usd most of the pumped launchpool projects go back to start. Now devs will sell off slowky their tokens on staked people
JazzySt
They are changing pictures and his name is wrong
Tenma
: (((((
Meris
its 0xneo1, real one is 0xneo
it doesnt
DeltaRomeo
But it look like the real noe ๐ค
Yeah that sounds about right, maybe slightly under but def in the 200-250 range expected, before the unstaking fee
Eric
12/21/2024 at 13:21:55 ESTQuoi de neuf, mes mecs?
re
Merci pour lโastuce de la langue ๐
JazzySt
Et fait attention ร scammers
but the most problem is i have more than 35k token but only increse less than 200 token since 24 hrs agotreebeard
Yeah that sounds about right, maybe slightly under but def in the 200-250 range expected, before the unstaking fee
JazzySt
Salut re, sโil vous plaรฎt changer de langue ici # ๐ใlanguage-select
Meris
probably someone else, taking names from this server
treebeard
Notice how it says order on secondary market, instead of primary market in your second two screenshots
It's because your 15m and now screenshots are routing through a dex, giving you a better rate than unstaking directly through usual and paying the 10% feeTenma
but the most problem is i have more than 35k token but only increse less than 200 token since 24 hrs ago
treebeard
It's the last pinned message in this channel
treebeard
It's because your 15m and now screenshots are routing through a dex, giving you a better rate than unstaking directly through usual and paying the 10% fee
Nemo
Nice๐
SolutionsB0.16
yes
re
Scam
Meris
I don't speak french
re
Moi cโest Marvin
Hi, is there a way to check how many $usual rewards did an address receive each cycle?SolutionsB0.16
yes, you can.
Meris
the fake scammer noe sent me a friend request, lets see what this idiot wants
hehe
I don't understand if I staked 1222 usual and on demask shows I have 1240.88 and growing, does that mean I made 18 usual?Mava (AI Support)
Yes, if you initially staked 1222 USUAL and now see 1240.88 USUAL, it indicates that you have earned approximately 18.88 USUAL as a result of staking. This growth is likely due to the rewards generated from staking your USUAL tokens.
Mava AI BetaMeris
I don't understand if I staked 1222 usual and on demask shows I have 1240.88 and growing, does that mean I made 18 usual?
Tritium Dripper
Bullish
Could u do me a favor please my bro Jack
Let me in even though I am 24 years old
ใ้กใใใพใ๐๐ป
Jack
12/21/2024 at 13:07:47 ESTAre you interested?
Alexanderz๐
Make me rich @Mava (AI Support)
Quand tu destackeras tes usualx tu auras des usuals en plus en fonction du temps que tu les auras stackerre
Merci pour ta rรฉponse !
@Mava (AI Support) what happens in 4 yaers when all $USUAL is minted? How will the yield be created?Mava (AI Support)
After the 4-year period when all $USUAL is minted, the protocol will continue to focus on maintaining the utility and value of the USUAL token. The yield mechanisms may evolve, but USUAL will remain central to the protocol. The protocol could potentially switch to a bribes system or other innovative mechanisms to ensure liquidity and yield generation.
Mava AI Betabonsoir,
j'ai รฉchangรฉ mes usual contre des usual x
Je gagne des usual chaque jour sans ne rien faire ? Ou bien je dois placer mes usual x quelque part ?
merci pour votre rรฉponseDeltaRomeo
Quand tu destackeras tes usualx tu auras des usuals en plus en fonction du temps que tu les auras stacker
0x_mate
@Mava (AI Support) what happens in 4 yaers when all $USUAL is minted? How will the yield be created?
Hi, is there a way to check how many $usual rewards did an address receive each cycle?Tritium Dripper
Hi, is there a way to check how many $usual rewards did an address receive each cycle?
re
Merci ๐
bonsoir,
j'ai รฉchangรฉ mes usual contre des usual x
Je gagne des usual chaque jour sans ne rien faire ? Ou bien je dois placer mes usual x quelque part ?
merci pour votre rรฉponseMava (AI Support)
Bonsoir, lorsque vous รฉchangez vos USUAL contre des USUALx, vous participez automatiquement au mรฉcanisme de staking. Vous gagnez des USUAL chaque jour grรขce ร ce staking, sans avoir besoin de faire autre chose.
Mava AI Betare
bonsoir, j'ai รฉchangรฉ mes usual contre des usual x Je gagne des usual chaque jour sans ne rien faire ? Ou bien je dois placer mes usual x quelque part ? merci pour votre rรฉponse
Could u do me a favor please my bro Jack
Let me in even though I am 24 years old
ใ้กใใใพใ๐๐ปSolutionsB0.16
what exactly do you want ?
K
Could u do me a favor please my bro Jack Let me in even though I am 24 years old ใ้กใใใพใ๐๐ป
Usual
Yes i understand. But how can you invest 50k if you dont know how wallet and crypto working.. that is hard lessonSolutionsB0.16
you can always start from somewhere and ask for assistance
Alexanderz๐
You suck @Mava (AI Support)
Mava (AI Support)
The yield generated by the protocol can be used for buyback purposes under a 'fair price' (e.g., P/E ratio), or it can be partially redistributed. However, this decision is up to the DAO and must be done carefully to avoid impacting $USUALโs mechanism and flywheel.
Mava AI Betatreebeard
Are you referring to vesting? If so, I think that only applies to some whales, though I don't know the exact vesting terms. Otherwise there's no 80% penalty that I'm aware of
WM
12/21/2024 at 13:02:37 ESTdoes the yield from T bills go towards buying back USUAL ?
Yes i understand. But how can you invest 50k if you dont know how wallet and crypto working.. that is hard lessonDraKryZ
Agree 100%. All red flags passed anyway.
BigDickBandit.hl
Probably hype and usual maybe not financial advice
DeltaRomeo
Yes i understand. But how can you invest 50k if you dont know how wallet and crypto working.. that is hard lesson
SolutionsB0.16
not exactly
DraKryZ
I had a perfect answer but it's not respectful for the one scammed. Rip.
WM
12/21/2024 at 12:59:45 ESTthere is 80% penalty for early claiming thought right?
SolutionsB0.16
yes๐ฏ
cue
XD
Usual
Jack
12/21/2024 at 12:58:52 ESTThis is not spam message but you think so, please ignore this message here. I am looking for partners to work with me. So I decided to send you my idea. I only need one close friend. If you want to earn extra income with me, please send me a direct message (DM). You must be 25 years or older, have a stable internet connection and a working PC. There is no risk, and I will explain everything to you via DM. After working with me, you can earn more than $500 per month without much effort after the first 3 months. The first month can be a little tough, so I will pay you $50-$100 after you finish one week of work. Over time, your income will steadily increase. Preference will be given to residents of the US or Europe. Developer experience is preferred. Fluent English is preferred. However, regardless of these preferences, I can work with anyone. Telegram: techguru130
DeltaRomeo
I wonder if he will stack the usual ๐ค
SolutionsB0.16
i think we all do but education is more important
treebeard
People are still claiming their pills airdrops, those appear as newly minted supply
Lucky Boy
I told you guys the apy will normalize soon
Alexanderz๐
Usual give me lambo yet ?
WM
12/21/2024 at 12:56:52 ESTso "deal with it" ?
Mava (AI Support)
The USUAL token emission model is designed to be dynamic, adjusting based on factors like TVL growth and interest rates. This means that the rate of token issuance can fluctuate, and while there is a general aim to control dilution, specific periods may see higher emissions due to these adjustments. The emission model is structured to promote scarcity over time, but initial phases might have higher emissions to incentivize early participation and growth. If the observed dilution seems higher than expected, it could be due to these dynamic adjustments or specific governance decisions. For precise details, checking with the latest governance updates or community announcements might provide more context. Reference: 1
Mava AI BetaWM
12/21/2024 at 12:55:20 ESTDocs show dilution on USUAL 50% first year, yet, since 1st december until now, we see almost 50% dilution. 17m tokens increase from 19th to 20th 3m tokens increase thus far 20th to 21th according to etherscan. Any thoughts or clarifications please?
Guys, if i buy PT USUALx at say 100% APY, in a year from now I will have double the amount of USUAL right? Not double the amount of USD?Mava (AI Support)
Yes, if you have an APY of 100% on USUALx, you would expect to have double the amount of USUAL tokens after a year, assuming the APY remains constant. However, this does not necessarily mean you will have double the amount in USD value, as the value of USUAL tokens can fluctuate.
Mava AI BetaAlexanderz๐
So I can buy my own house
ndx
Guys, if i buy PT USUALx at say 100% APY, in a year from now I will have double the amount of USUAL right? Not double the amount of USD?
DraKryZ
Today, the only one who made the best profit of the day is the fake Noe
Alexanderz๐
when usual go up to $24.69
Zezzy
Guys, what time the new cycle for staking UsualX begins?
Yuekii
12/21/2024 at 12:54:14 ESThahaahahah
Alexanderz๐
Many newbie here
Any education for crypto?
cue
yeaaah, i know it's their fault but still, some people are noob and just don't know about this
DraKryZ
By fact you can try to search @ Noรฉ/Noe each 5 minutes, there are always new scammers who rename with their real Discord ID displayed
Yuekii
12/21/2024 at 12:51:55 ESTits okay mate, every crypo player was got scamed at least 1 time, me too
Mava (AI Support)
To avoid asking the same question multiple times, you can try keeping a record of the answers you receive. This could be in the form of notes or a document where you store frequently asked questions and their answers. Additionally, using search functions in communication tools or documentation can help you find previous answers quickly.
Mava AI BetaAlexanderz๐
Any solution for stop asking the same question many times ?
Usual
Alexanderz๐
Btw everyone Join this discord ask the same thing of UI
cue
and once more, some noob people like me doesn't even bother to open that channel
DraKryZ
I'm new also, but it's my money and I don't want to be naive
K
He is new Donโt be too harsh
stampola
No worries bro
Yeah. But that was just my assumption. Noe said that the team is working on this. So hopefully we will have a better UI next weekTenma
OK~ thx a lot! ur answer helps a lot!
Yuekii
12/21/2024 at 12:48:50 ESTin # ๐ใrules bruh every server have same rules
ahhhh, so the Min. Received is the line I should see my total token(with rewards) right? sorry my English is not very wellstampola
Yeah. But that was just my assumption. Noe said that the team is working on this. So hopefully we will have a better UI next week
Alexanderz๐
Any education provide ?
It's on official-links, please it's people fault to not read anything and expect random helpsAlexanderz๐
New people also new to crypto
cue
some people never read that channel
cue
A new annoucment for new people here, about official links
Maybe its already been deducted from your total balance. Fro m your left side, if you unstake yesterday, you will receive 34,396usual. On the right side, if you unstake today, you will receive 37,283 usualTenma
ahhhh, so the Min. Received is the line I should see my total token(with rewards) right? sorry my English is not very well
@Noรฉ you should do some general annoucment about official links where people can stake, swap, or unstakeDraKryZ
It's on official-links, please it's people fault to not read anything and expect random helps
@Noรฉ you should do some general annoucment about official links where people can stake, swap, or unstakeNoรฉ
# ๐ใofficial-links
Alexanderz๐
Negative reward also a bonus
stampola
Maybe its already been deducted from your total balance. Fro m your left side, if you unstake yesterday, you will receive 34,396usual. On the right side, if you unstake today, you will receive 37,283 usual
Usual
sammyqtt has been banned
Reason: Unspecified
Alexanderz๐
Negative reward
cue
@ClEvEr ๐ค scam
Tenma
idk why..
Tenma
so should i see the "min received"?
cue
try again in some time on primary market
stampola
the right picture doesnt have unstaking fee anymore tho
cue
secondary market
621936
Tell him send half and forgive for other half
stampola
you go on unstake > see how much usual will you get from unstaking ususalx. The amount should be more than the amount of your innitial deposit -10%
The guy litterally asks you 500$ to give back your money, please don't tell us that you want to give him 500$
I'm gonna cry621936
Let him send anything
Yuekii
12/21/2024 at 12:38:43 ESTdont open your dm dont click random link use safety tool like pocket universe
DeltaRomeo
But i think he wont but maybe he has a heart
Tell him to give you the half
couendoy
Ok
DeltaRomeo
Couendoy try to let him a % he might gave u back some
Yuekii
12/21/2024 at 12:37:04 ESTyou can lose more, if you keep chat with random human bruh
couendoy
I lost everything
CongQ
@Noรฉ Hi noe, the 50% of the 10% unstaking fee that goes back to USUALx holders, is that distrubuted instantly at the time of unstake? or it goes back into the total emission for USUALx rewards?
Yuekii
12/21/2024 at 12:36:17 ESTomg
Yuekii
12/21/2024 at 12:36:04 ESTwhy you keep chat outside the server bruh, dont make same mistake
DeltaRomeo
Ye s here you see you will receive 37 256 usual. Now try again in 1 hours and it will grow
621936
This look less
I'm going to pin this message for reference about USUALx.
-> No unstaking fee?
Your order is probably routed through a secondary market pool. This is swapping, not unstaking, so there's indeed no unstaking fee from the protocol, buuut, it could be priced in in the conversion rate by the secondary market itself.
Since this pool isn't supported by Usual, there could also be an error when trying to do that, lack of liquidity etc.
-> The "Before unstaking fee" amount is wrong
Yes, there seem to be an issue about that. Tech team knows about it and we should be able to give clarity or fix that soon. Bear in mind that it's just a display issue, the actual data and "Min Received" amount are correct.
-> So how can I see my rewards?
For reference, please check # ๐คใtroubleshooting and # ๐ใminor-updates. You can compare what you initially deposited, in $USUAL, not USUALx, multiply it by 0.9, and compare it with the "Min Received" when trying to unstake.
Basically Current Min Received in USUAL - (Initial USUAL deposit * 0.9) = rewards.
I made a quick website to simulate that easily, while the team is working on a fix (DraKryZ
Look Last Pinned message
You can try to unstake and you will see the amount that you are holding. Shoud be increased from the first day you staked. Or see if the unstake fee is lower or notDeltaRomeo
You will be break even in few days it s worth. Enjoy
To see what you ve earn you go in unstack and put ur usualx and you see the amount will grow every hours
stampola
You can try to unstake and you will see the amount that you are holding. Shoud be increased from the first day you staked. Or see if the unstake fee is lower or not
Yuekii
12/21/2024 at 12:32:27 ESTdebank
Tenma
So do u know where can I see my earning? Or no possible so far
Eric
12/21/2024 at 12:32:00 ESTMe three.
stampola
Im waiting for that too
Tenma
And still no official tell us about itโฆ.
Yuekii
12/21/2024 at 12:31:23 ESTbut its normal if amount of our usualx not increase? in debank i saw my usualx bigger than in Dapp so when i try to unstake it, its still same amount like first time i staked
stampola
Im not sure. We discussed about this earlier
Jimny2024
Noe, i think you should require turn off DM like this whenever someone step in
Tenma
Why is thatโฆ.?
stampola
The reward for usualx wont show on the dashboard
Tenma
Canโt
You stake usualx or usd0. For usualx, you wont see the reward but the reward will add up to your unstaked balanceTenma
Ok, but why still can see the rewards?
You stake usualx or usd0. For usualx, you wont see the reward but the reward will add up to your unstaked balanceTenma
I stake usual
stampola
You stake usualx or usd0. For usualx, you wont see the reward but the reward will add up to your unstaked balance
Tenma
My pending rewards still 0
DraKryZ
@Mava (support) - senway - was the scammer
Mava (AI Support)
You can see your pending rewards on your dApp dashboard. If you are holding USD0++, rewards are distributed at the end of each 24-hour cycle under 'Pending Rewards'. For USUALx, rewards reflect live when you try to unstake and are not shown under 'Pending Rewards'.
Mava AI BetaTenma
Is anyone can see the pending rewards on the website?
K
Literally nth
DeltaRomeo
And nver connect wallet to unknow souces too . But once it done the scammer is free?
treebeard
Looks like there's some dex liquidity yes, but compare what you'd get through a dex vs the usual UI
DeltaRomeo
Scamming look like profitable. What we can do to find the guy? Nothin i guess?
Mava (AI Support)
Unstaking USUALx to USUAL typically incurs a 10% fee on the unstaked amount. However, if you are using a secondary market like Uniswap, you are essentially swapping rather than unstaking, which might not directly incur the unstaking fee. However, the secondary market could price in the unstaking fee for arbitrage purposes.
Mava AI Betacue
Can i actually unstake on uniswap without fee?
Why is the daily reward obtained after staking only close to 1% when the current APY is 1126% and calculated to be 3.08% per dayMava (AI Support)
The difference between the expected daily reward and the actual reward is due to the calculation method. The APY (Annual Percentage Yield) assumes daily compounding, which means the rewards are compounded over the year. The daily percentage shown is an average over the year, not the actual daily reward. Therefore, the daily reward might appear lower than the calculated daily percentage.
Mava AI Betamakio
Why is the daily reward obtained after staking only close to 1% when the current APY is 1126% and calculated to be 3.08% per day
Mava (AI Support)
Yes, blockchain transactions are transparent, allowing for the tracking of tokens. However, identifying the individuals involved can be challenging since blockchain addresses are pseudonymous. Reference: 1
Mava AI BetaAlexanderz๐
That scammer keep adding me
DeltaRomeo
We can track the stolen tokens right?
DeltaRomeo
Welcome in crypto. You must never do that but you did
DraKryZ
Yeah.... Idk...
we were chatting in the group and I explained that I couldn't see my rewards at that time, noah asked me in dm and asked me for my address to check, I sent it to him and there he told me that my usual account was not updated with my Wallet and so he gave me a Dapp site to connect to in order to update my Dapp and half an hour later my 44,000 usual tokens disappearedJazzySt
๐๐๐
DeltaRomeo
Oh My God. BRO...
zhengziyan.sol
how did someone get the Usual OG tag?
couendoy
we were chatting in the group and I explained that I couldn't see my rewards at that time, noah asked me in dm and asked me for my address to check, I sent it to him and there he told me that my usual account was not updated with my Wallet and so he gave me a Dapp site to connect to in order to update my Dapp and half an hour later my 44,000 usual tokens disappeared
He accepted dm help from a scammer thinking it was Noรฉ and he stole everything from his walletUsual
JazzySt
He accepted dm help from a scammer thinking it was Noรฉ and he stole everything from his wallet
kv_chiu
go low and buy more
DeltaRomeo
What happened? How scam?
Yuekii
12/21/2024 at 12:12:37 ESTbig number bruhh
Alexanderz๐
Life changing money
JazzySt
@Noรฉ $50k worth stolen
Yuekii
12/21/2024 at 12:11:40 EST2025 in a week and we still have poeple like that omg
Mava (AI Support)
If you only have the counterparty address and need to retrieve funds, you would typically need to contact the counterparty directly to resolve the issue. If the transaction was made on a blockchain, you can check the transaction status using a blockchain explorer with the counterparty's address. However, retrieving funds directly from a blockchain transaction without the counterparty's cooperation can be challenging. It's important to ensure all transactions are made with trusted parties to avoid such issues. Reference: 1
Mava AI BetaAlexanderz๐
How to get back the fund if you only have the counterparty address ?
Yeah right Iโm up for 17h hours a day, can I do something with my life for 2 hours that isnโt discordYeah right Iโm up for 17h hours a day, can I do something with my life for 2 hours that isnโt discordJazzySt
Dm with a noe clone
Yuekii
12/21/2024 at 12:10:07 ESTwhy not kick him, hahah
DraKryZ
@Noรฉ
JazzySt
And @couendoy for badly scammed
Noรฉ
Something else?
Yuekii
12/21/2024 at 12:09:45 ESTControl your room mate
Noรฉ
Alright he got his mute
JazzySt
This one
Mava (AI Support)
The daily distribution of USUAL tokens is based on a dynamic supply-adjusted emission mechanism that considers factors like TVL growth and interest rates. You can check the distribution details on Usual's smart contracts for precise information. Here is the link to the smart contracts: Usual Smart Contracts. Reference: 1
Mava AI BetaDraKryZ
@Mava (support) Scammed @couendoy for 50k $
WM
12/21/2024 at 12:09:10 ESThow many USUAL tokens are entering daily in circulation, is there anywhere to check please?
JazzySt
Bรขti ebegging
Noรฉ
@JazzySt Who is who
Noรฉ
Hey
Alexanderz๐
Is that all gen z such lazy ?
JazzySt
Please I donโt have authority but shut it now
Alexanderz๐
Get a job then
JazzySt
Work!
B
But i just turned 18 and i dont have any money im so cooked
JazzySt
Dry ebegging is low man grow balls
Alexanderz๐
Beg for investing
JazzySt
Rules are rules
Usual
JazzySt
Is he silenced now?
Yuekii
12/21/2024 at 12:04:59 ESTi just join and wth this room someone got drained, someone be beggar
JazzySt
@Noรฉ we need backup here please
JazzySt
Guys stop thatโs not allowed
Alexanderz๐
Donโt scam me
Eric
12/21/2024 at 12:02:11 ESTcringe
Usual
JazzySt
Thatโs not allowed
@Noรฉ report scammer @Mava (support) (ban) stole from someone here
Alexanderz๐
Should I buy more usual coin?
stampola
yep
KQat
APY - 1120%. APR - 251%
We always warn everyone not to accept dm from anyone. Admin & team will never ask personal details and pw or sentnc ๐Usual
JazzySt
We always warn everyone not to accept dm from anyone. Admin & team will never ask personal details and pw or sentnc ๐
Meris
So the 1120% something APY is fake?
Mava (AI Support)
RaArฮs โ
can we do something with the Usualx, restake it somewhere else maybe ?
DrUky
are the data of USUALx correct on debank?
Eric
12/21/2024 at 11:52:51 ESTDo not do this, @couendoy
Mava (AI Support)
The BONUS tab in USUALx staking likely refers to additional incentives or rewards that may be provided to users who stake their USUAL tokens. These bonuses could be part of future incentive programs designed to encourage long-term staking and participation in the protocol. However, specific details about the BONUS tab and its functionalities are not provided in the current documentation. Reference: 1
Mava AI BetaDraKryZ
Ahahahhaha oh no the time out @JazzySt
RaArฮs โ
what is the BONUS tab in usualx stanking and others, maybe future incentive ?
Usual
DrUky
don't think it is
JhoVendetta
Bro, if you are using binance wallet go now and check the connected dapps
DraKryZ
nothing we can do there, you gave your secret sentence bro
Big USUALx holder hereโฆ the 10% exit fee seems outrageously high to me for a product like this. Is this something the team would consider lowering in the future? Even as a long term holder if I ever want to exit USUAL would take 10% of all my money (including all gains and principle)Mava (AI Support)
The 10% unstaking fee for USUALx is designed to reward long-term holders by redistributing the fees to those who remain staked. However, the fee structure is subject to change with governance decisions, so it is possible that the team may consider adjusting it in the future.
Mava AI BetaRogerTennis
Big USUALx holder hereโฆ the 10% exit fee seems outrageously high to me for a product like this. Is this something the team would consider lowering in the future? Even as a long term holder if I ever want to exit USUAL would take 10% of all my money (including all gains and principle)
Marvin | will not DM first
12/21/2024 at 11:49:47 ESTJust make sure you revoke your wallet
Oh god !!!!
BigDickBandit.hl
Debank probably updates every block so every few seconds
Probably the 10% fee or the ui hasnโt updated the new usual earnings I think they only do it dailyYuekii
12/21/2024 at 11:48:47 ESTokok
couendoy
my god everything was stolen from me
BigDickBandit.hl
Probably the 10% fee or the ui hasnโt updated the new usual earnings I think they only do it daily
JazzySt
Noรฉ not Noe
Meris
see? different type of E
JazzySt
Omg thatโs horrible
Alexanderz๐
Why still someone add friend with donโt actually know
JazzySt
We keep saying do not accept any DMs
Meris
@Noรฉ
DraKryZ
@Mava (support) it's the fake one senwai
Meris
he simply got Noe, the noe here has the diferent type of E
JhoVendetta
And his nickname was not hugo_sdc, but hugo_sdcc
Meris
i mean even his name is not the same
DraKryZ
you get scammed. Sorry for you. Never trust anyone.
JhoVendetta
He also said that he needs to check smth in db bla bla
Yuekii
12/21/2024 at 11:46:00 ESTsorry to hear that mate comeback stronger
Noรฉ Noah asked me to connect to a Dapp because my Wallet was not up to date I was unable to connect and half an hour later my entire Wallet was emptied I have nothing left tens of thousands of dollars have disappeared I want to die!!!!JhoVendetta
I received the similar messages today. But not from fake noe, but from fake Hugo. He also sent me fake dapp
Noรฉ Noah asked me to connect to a Dapp because my Wallet was not up to date I was unable to connect and half an hour later my entire Wallet was emptied I have nothing left tens of thousands of dollars have disappeared I want to die!!!!
SatoshiXXX
Sorry to hear that
Noรฉ Noah asked me to connect to a Dapp because my Wallet was not up to date I was unable to connect and half an hour later my entire Wallet was emptied I have nothing left tens of thousands of dollars have disappeared I want to die!!!!Yuekii
12/21/2024 at 11:45:35 ESTalways used # ๐ใofficial-links
Yuekii
12/21/2024 at 11:45:14 ESToh thanks, i saw my usualx increase but did you know why if i try to unstake that, its still same from start?
couendoy
Noรฉ Noah asked me to connect to a Dapp because my Wallet was not up to date I was unable to connect and half an hour later my entire Wallet was emptied I have nothing left tens of thousands of dollars have disappeared I want to die!!!!
DrUky
@Noรฉ why debank data are different from your UI for usualX?
BigDickBandit.hl
If you donโt have a lot probably just hold youโll lose on the 10% fee and gas fees
Mava (AI Support)
Staking USUAL into USUALx can be beneficial as it allows you to earn a share of the staking rewards. Over time, your staked USUALx will accumulate rewards, which can be withdrawn as more USUAL. However, keep in mind that there is a 10% unstaking fee. If you plan to hold for the long term, staking might be a good option to increase your holdings.
Mava AI Beta
terror77777.
Hi if I stake USD0++ when I can withdraw and reeddem it back to another stable ?
DraKryZ
Never, accept someone dm or invitation from crypto discord. It's money talks.
Meris
did you lose a lot?
Nanas
I dont have a lot of USUAL but i wonder if its better to stake it or holding it
couendoy
Oooh god !!!!!!
On m a tout volรฉ !!!!
Its not noรฉ
BigDickBandit.hl
Check debank
couendoy
Ohhhh shit!!!!!!
BigDickBandit.hl
Itโs not people copy the picture and display name but check their username itโs probably different
Yuekii
12/21/2024 at 11:41:05 ESTthats normal if my home not show reward after 2 days staked usualx still 0
couendoy
But dm Noรฉ its noรฉ
BigDickBandit.hl
Only accept dms from people you know
DN1105 (ใใ,ใใ)(โ)
i hear rumor tat so got airdrop 14mil usual ? that so incredible
I have nothing left, I spoke with Noรฉ, I had to update my Dapp and then everything disappeared, it's empty!!!!BigDickBandit.hl
The teams never dm you dude and you never have to update anything sorry but thatโs a common scam turn off dms
couendoy
My goshhhh !!!
I have nothing left, I spoke with Noรฉ, I had to update my Dapp and then everything disappeared, it's empty!!!!
my account where I had stacked my funds on usual has been emptied!!!!
Usual
couendoy
Help !!!
LN123321
daily reward for staking usualx on what time ????
gekko.eth
Can anyone give me an ELI5 on What's the difference between USUAL and USUAL* ?
LN123321
what time is the compounded time of usualx ?
Mava (AI Support)
You can exit your USD0++ position before maturity in a few ways: 1. Sell USD0++ on the secondary market for USD0 at a 1:1 ratio. 2. Unstake against a floor price set by the DAO. 3. Pay a fee in $USUAL to unstake 1:1 to USD0. Reference: 1
Mava AI Beta
LN123321
what time ?
Aurelou
not halal sir
basedniqa1
12/21/2024 at 11:25:59 ESTI doubt it
LN123321
I staked the usualx , it will be compounded daily or monthly ???
Meris
Hello, does anybody know why I can't stake?
BigDickBandit.hl
its halal
Mava (AI Support)
Yes, Usual operates with an interest-based system. The protocol's stablecoin, USD0, is backed by tokenized Real-World Assets (RWAs) like U.S. Treasury bills, which generate interest. This interest is then used to provide yields to users through innovative products like USD0++.
Mava AI Betabasedniqa1
12/21/2024 at 11:24:50 ESTGuys I'm new here, does usual operate with a interest based system?
stampola
Mine doesnt have unstake fee too
piggy george
usualx no unstake fee now๏ผ
Mava (AI Support)
USD0++ is freely redeemable on the primary market until the Early Redeem feature is implemented, which is expected to be in Q1 or later. Even after that, you can still swap it on DEXes or redeem it through the Early Unstaking feature by sacrificing $USUAL.
Mava AI Beta
ghibly79
For how long will the unstaking of USD0++ through primary market be available?
stampola
Is it good or bad to have mm?
awwwww
Do I need to pay the usual fees for redemption at maturity of the PT USD0++?
Gunner funk
When will DAO go live
Hmm
Noรฉ
Depends on the proposal, that's just pure speculation at that stage tbh
Gunner funk
In that case it will be double rewards usual + usdo correct
Davinor
Where exactly will we vote?
Noรฉ
If there's a DAO proposal and vote on it, it could be the case yes
Gunner funk
Usualx will get portion of the revenue in usd0 after revenue switch?
rockblocks_dev
100%
Manny Calavera
so we only can use the website that @Noรฉ gave us if the unstaked fees being calculated in the UI right?
Tenma
Itโs this so hard to fix? I thought this should be a small problem
Davinor
Secondary market takes some of your rewards away
stampola
Are you sure its the mm?
Alexanderz๐
140%
DF grow a lot today
Manny Calavera
going to the secondary market = always more usual with the unstaked fees being calculate in the UI = less usual
but there's a problem with the math, cause if goes to the secondary market, we got a different math if we input the min received with the unstaked fees
Tenma
Canโt see the rewards in the website for 3 days so far, and the market are panics now. Price is dropping very fast. More and more ppl say itโs a scam. Iโm pretty worried now. When can u fix the bug? If truly not a scam projectโฆ.
Mava (AI Support)
The 'Min Received' amount in the UI reflects the deduction of the 10% unstaking fee from the total amount you are unstaking. This fee is applied to the overall staked amount, which is why the 'Min Received' is less than the total amount you initially staked.
Mava AI BetaManny Calavera
when there's unstaking fees calculate in the UI my min received is always less
the min. received sometimes changes a lot @Noรฉ, like ten minutes after one check of the unstake ritualNoรฉ
Yes, could be because it's adjusted block per block - could also be because you're sometimes routing through primary or secondary
bitcouin
thanks sorry im dumb
Noรฉ
Please check pinned messages
Alexanderz๐
You can exchange in second market
Manny Calavera
the min. received sometimes changes a lot @Noรฉ, like ten minutes after one check of the unstake ritual
Mava (AI Support)
The unstaking fee might be shown as 0 if you are routing through the secondary market, as this process is considered a swap rather than an unstake. However, the secondary market may still price in the unstaking fee for arbitrage purposes. If you are seeing a 0 fee, it could be due to this mechanism.
Mava AI Betabitcouin
why is the usual -> xUSUAL a mint but xUSUAL -> usual a swap with very low liquidity?
Noรฉ
daily for USUALx
DrUky
what's the period of compounding?
famousfxck
24.69$
Alexanderz๐
Btw what is the expected price for usual at the end of 2025?
Noรฉ
# ๐งใspeculation
rockblocks_dev
This is not a normal correction. Look at the trades. This is a definite market maker.
stampola
Well it has been increasing a lot. Pretty normal for a correction
Aku Marvel
xD
Noรฉ
x)
mate just unzoom the chart
rockblocks_dev
And why is there such a big sell-off? Will it stabilize again? What are the price targets? Are there any public statements on this yet?
Alexanderz๐
Why usual drop significant today ?
stampola
Do we have list of team members? Or still anonymous?
Mava (AI Support)
The circulating supply of USUAL tokens at the time of the spot listing is estimated to be approximately 12.37% of the total supply, which is around 494,600,000 tokens. This figure is subject to change based on user decisions and DAO contributions.
Mava AI Betarockblocks_dev
hello. how many tokens will remain in circulation? will it stay at 467 million?
Frequency
@noe, What is the expected price by the end of the year?
jmyr
12/21/2024 at 10:54:15 ESTanyone know what you're meant to inpute for 'current min received'?
please do not connect anything to the website, I've quickly made it myself, not officialy endorsedManny Calavera
@Noรฉ for president!
Aku Marvel
so the reward compounding yearly?
TVL and minting rate have an inverse relationshipโwhen TVL goes up, the minting rate goes down
whussdadeal
It's this simple guys
Aku Marvel
yes but on the ui, i didn't get anything
A9
thats perfect, tyvm, whats the span of the rewards tho? daily?
Noรฉ
Yes, but it's also subject to 1 year cliff
jmyr
12/21/2024 at 10:52:33 ESTwhat does current min received mean?
JazzySt
Iโm away for a bit
derelict_dalmatian
USUAL* holders also receive their 10% in USUAL tokens, corret?
JazzySt
@Aku Marvel
Cryptoloud"
No Galxe checker yet
JazzySt
Please read 2 lines above you
Aku Marvel
anyone got the answer?
i already stake usual 2 days, and got nothing
KanSuly
@cazador4783
should be good
JazzySt
Thatโs how they scam
Frequency
Entรฃo a usual vai cair durante um ano para depois vir a subir? Ou eu entendi a traduรงรฃo incorreta ?
treebeard
Yeah ik lmao, but couldn't they at least promise a better wage?
JazzySt
lol was a scam
treebeard
skilled specialists > $15/hr
Manny Calavera
we have to know how many days we've staked or you guys got that number?
derelict_dalmatian
ty!
Noรฉ
There is 360M USUAL*, subject to 1 year cliff and 2 years of vesting
derelict_dalmatian
Is there anyway to find out how much USUAL* is out there?
DrUky
displaying a daily earning 20x superior to actual daily earning is misleading mate
JazzySt
I have the calculation open in front of me and Iโm either stupid or the math ainโt mathing today ๐
SatoshiXXX
Thats how defi presents the apy, are you new to defi?
DrUky
let me do the maths, but seems very low
Noรฉ
Well, can be variation on APY sir
DrUky
so why do I get less than 100 tokens instead of what's displayed? I am confused
JazzySt
Crypto market blame the ๐ธ in the states
yeah that's what I expected. But from what I understand it's a "fake" daily earnings displayed, like apy earnings / 365Noรฉ
No, should be APR/365 for daily earnings now
LOST
12/21/2024 at 10:39:31 ESTAnyone know why did usual dip from 1.65 to all the way to 1.100
DrUky
yeah that's what I expected. But from what I understand it's a "fake" daily earnings displayed, like apy earnings / 365
JazzySt
At current apy
6.2k
DrUky
intentionally misleading
that's crazy guys
ahaha
Davinor
Apr is much less, sounds about right with 100 tokens
Noรฉ
you have to convert it to APR
it's APY not APR
DrUky
I staked 200k tokens, with a 1k+% apr I should earn several Ks per day
But it seems I eanred like 100 tokens, which doesn;t reflect what I should have
How to track earnings from usual staking? staked 200k more than 24h ago and I can't see any earningsNoรฉ
pinned message
How to track earnings from usual staking? staked 200k more than 24h ago and I can't see any earningsMava (AI Support)
USUALx works as a vault share, meaning rewards are reflected directly in its value. Unlike USD0++ rewards, they donโt appear as 'Pending Rewards.' You can see your rewards directly on your dApp dashboard. If you are holding USD0++, rewards are distributed at the end of each 24-hour cycle under 'Pending Rewards'. For USUALx, rewards reflect live when you try to unstake.
Mava AI BetaDrUky
How to track earnings from usual staking? staked 200k more than 24h ago and I can't see any earnings
DraKryZ
@Noรฉ Is there something related with the current price of USUAL ? By refresh the page, number change, i have 1720 now (My current min received )
Manny Calavera
next week already winning more usual then i've stake it
DraKryZ
My initial deposit is 1762 USUAL (in fact... 1600 & 162) in two times (with APY different) I obtained 1622.876 USUALx in total My current min received (if I unstake now) is : 1,686.27 1,686.27 - (1762 * 0.9) = 100,47. youpi youpi
Manny Calavera
my rewards from staking 1000 Usual are 90 Usual, in 4 days ๐คฏ ๐คฏ
ow, with this formula in mind Current Min Received in USUAL - (Initial USUAL deposit * 0.9) = rewards
" buuut, it could be priced in in the conversion rate by the secondary market itself. "
anyway to see those conversion rates? Only by trying to unstake/swap right?Mava (AI Support)
Yes, to see the conversion rates, you would typically need to simulate an unstake or swap. This will show you the current conversion rate, including any potential pricing adjustments by the secondary market.
Mava AI BetaManny Calavera
" buuut, it could be priced in in the conversion rate by the secondary market itself. " anyway to see those conversion rates? Only by trying to unstake/swap right?
Noรฉ
pinned a message to this channel.
12/21/2024 at 10:20:06 ESTNoรฉ
I'm going to pin this message for reference about USUALx.
-> No unstaking fee?
Your order is probably routed through a secondary market pool. This is swapping, not unstaking, so there's indeed no unstaking fee from the protocol, buuut, it could be priced in in the conversion rate by the secondary market itself.
Since this pool isn't supported by Usual, there could also be an error when trying to do that, lack of liquidity etc.
-> The "Before unstaking fee" amount is wrong
Yes, there seem to be an issue about that. Tech team knows about it and we should be able to give clarity or fix that soon. Bear in mind that it's just a display issue, the actual data and "Min Received" amount are correct.
-> So how can I see my rewards?
For reference, please check # ๐คใtroubleshooting and # ๐ใminor-updates. You can compare what you initially deposited, in $USUAL, not USUALx, multiply it by 0.9, and compare it with the "Min Received" when trying to unstake.
Basically Current Min Received in USUAL - (Initial USUAL deposit * 0.9) = rewards.
I made a quick website to simulate that easily, while the team is working on a fix (
Manny Calavera
i think there's an error with not showing the unstaking fee
jacashi
I mean yes there should be an error
jacashi
nope USUAL what you get is included unstaking fee.. descirption is wrong
Jose LB
12/21/2024 at 10:13:00 ESTIf you try do it, you get a error
Guys I found the workaround. If you put Max, the numbers are wrong. but if you subtract 0.01, it will give the correct value.
For example. if your total USUALx is 1000, then when you put 999.99, you'll get the correct unstaking numbersjacashi
lol definitely not.. My numbers only can match if the Xusual - usual convertion is including the unstaking fee.. else there is no way I get lesser usual before unstaking fee
dannnny
Guys I found the workaround. If you put Max, the numbers are wrong. but if you subtract 0.01, it will give the correct value. For example. if your total USUALx is 1000, then when you put 999.99, you'll get the correct unstaking numbers
jacashi
I hope $USUAL team fixes the UI
jacashi
yeap ๐
DraKryZ
just, read the docs
But the revenue is not created immediately upon deposit. And usual is issued as if the revenue came immediately?jacashi
You get the revenue of the "system" by xusual as usual.. USUAL emission is directed to USD0 creation not the USD0 revenue directly..Revenue grab tool is XUSUAL not USUAL.. Maybe you can check the white paper..Youcan Think XUSUAL as thether revenue share if USDT = USD0
I wouldnt say randomly but youcan say ponzi to luna but not to usual since USD0 backed by short term bonds.. It is backed with RWA.. More USD0 creates USUAL to share the revenues.. SO I won't call it ponzi.. I guess it is well designed tokenomicsgintruxx
But the revenue is not created immediately upon deposit. And usual is issued as if the revenue came immediately?
Sayooj
12/21/2024 at 09:59:54 ESTOnly 24 hours countdown is running, i cant understand when the 7th day is
Riskamade
hy adminn WHEN YO GIVE MY REWARD USUAL ON POLYNOMIAL!?!!
jacashi
but you can call USUAL speculative asset relative to USD0++
Sayooj
12/21/2024 at 09:58:45 ESTMy rewards are showing pending, it's showing 7 days verification period, how to know which day it will credit?
jacashi
I wouldnt say randomly but youcan say ponzi to luna but not to usual since USD0 backed by short term bonds.. It is backed with RWA.. More USD0 creates USUAL to share the revenues.. SO I won't call it ponzi.. I guess it is well designed tokenomics
gintruxx
is there anybody without a phd that actually understands all this tokenomics
DraKryZ
Read the white paper, read the infos on website, get INFORMATIONS
sanuxo
no lol
jacashi
If USD0 is entered in the system , USUAL is emitted.. there is a ratio
jacashi
I guess so, but they have already changed the unstaking fee UI description from right to left.. And the calculation was wrong.. I guess they are rushing up the UI update and the calculation.. With 1.4B USD= I think they should already completed that.. Little bit suprised
gintruxx
Who is making emissions of usual?
halomoto
12/21/2024 at 09:53:50 ESTThe usual price is dropping. Everyone watch out , seems something happen
621936
U can keep for 1 week at least so u can be sure .
Mava (AI Support)
The high APY in Usualx comes from the fact that USUALx receives 10% of the emission of all new USUAL. If only a small percentage of the supply is staked in USUALx, the stakers share significant rewards, leading to a high APY.
Mava AI Betagintruxx
Where does 1100% apy yield come from in usualx?
jacashi
and than this also make sense
jacashi
yes exactly.. than descirption should be changed to" after unstaking fee" not "before"
621936
I calculate for 1200% for 2 day and fee 10% u should get 1100 . Token
jacashi
else doesn't make any sense
"before unstaking fee" descirption should be " after unstaking fee" IMO
I think they are updating UI and everything is showing right now
Mava (AI Support)
If you are routing through the secondary market, you are essentially swapping, not unstaking, so there is no unstaking fee when converting USUALx to USUAL. However, the secondary market might eventually price in the unstaking fee for arbitrage purposes.
Mava AI BetaMava (AI Support)
The unstaking fee might not be visible if you are routing through the secondary market. In this case, you are essentially swapping, not unstaking, so there's no direct unstaking fee. However, the secondary market could still price in the unstaking fee for arbitrage purposes, which might affect the amount you receive.
Mava AI Betadannnny
Is unstaking fee no more? I don't see any unstaking fee
SY
Now the secondary market swap ratio is close to unstaking.
621936
Ok give me a min . Apy is 1140 right
jacashi
Forget the APY.. I have 1105 USUAL now before unstaking fee I have 1098..
I haven't unstake .. how xould I know.. I know that my Xusula quivalent of USUAL is 1098.. and it says it is before unstake621936
I'll calculate it for u what is apy now
Mava (AI Support)
The distribution for Galxe rewards is being coordinated with Galxe to minimize gas fees. All Galxe participants will enjoy a 1:1 XP-to-Pills conversion rate for the upcoming airdrop.
Mava AI Beta
CLONE
When galxe rewards distribution
jacashi
I haven't unstake .. how xould I know.. I know that my Xusula quivalent of USUAL is 1098.. and it says it is before unstake
621936
Then why u here lol ๐๐
halomoto
12/21/2024 at 09:46:45 ESTIt sounds a scam to me
621936
What the amount after unstake
SY
Unstaking require 10% fee you should consider
I conervted 1105 usual to Xusual, after 2 days now It says 1098 $USUAL "before" unstaking fee.. What kind of calculation is this?
TylerTheCreator
10% fee, i guess
I conervted 1105 usual to Xusual, after 2 days now It says 1098 $USUAL "before" unstaking fee.. What kind of calculation is this?Mava (AI Support)
When you convert USUAL to XUSUAL, the conversion rate reflects your share of the rewards, similar to a vault-share. This means that the amount of XUSUAL you receive is proportional to your share of the rewards, and not a direct 1:1 conversion. The difference you see is due to this proportional share mechanism. Additionally, there is a 10% unstaking fee that applies when you convert back to USUAL.
Mava AI Betajacashi
I conervted 1105 usual to Xusual, after 2 days now It says 1098 $USUAL "before" unstaking fee.. What kind of calculation is this?
SY
Unstaking require 10% fee
Srsiti
my friend did
TylerTheCreator
Yes I know, I don't mind burning it, as long as it yields until the end of the period, I'm betting on the appreciation of the currency and that the APY% stays the same
SY
You did it? I did it. I get more 3k usual than unstaking after fee
Srsiti
yt always risk
TylerTheCreator
I was scared by how much it burned in one day ๐
Is there a chance that the position will go to 0 before the stipulated closing time? for example if my position reaches 0 in January?TylerTheCreator
Is there a chance that the position will go to 0 before the stipulated closing time? for example if my position reaches 0 in January?
jayref.
12/21/2024 at 09:41:15 ESTWhere can I see planned circulating supply over time?
If you want to unstake Usualx, you can swap in secondary market. You can receive more usual than unstake.Srsiti
not correct there have high slippage
Mava (AI Support)
Yes, the high APRs for USUAL are largely driven by the issuance of new USUAL tokens. USUALx, for example, receives 10% of the emission of all new USUAL, which can result in significant rewards if a small percentage of the supply is staked.
Mava AI Betajayref.
12/21/2024 at 09:40:31 ESTGuys these mega APRs I'm seeing for USUAL. Is that all driven by issuance of new USUAL?
halomoto
12/21/2024 at 09:40:15 ESTNot transparent at all
SY
If you want to unstake Usualx, you can swap in secondary market. You can receive more usual than unstake.
halomoto
12/21/2024 at 09:40:02 ESTYou canโt tell the exact usual reward you get, and sometimes it can be traded in primary market, and sometime secondary market
To be honest, staking usual really seems a scam to me
Gunner funk
So revenue share will be extra reward for staked USUAL on top of the emmision if the revenue share vote goes through?
SY
Secondary market for Usualx, no unstaking fee.
Noรฉ
if DAO votes for it later on
Gunner funk
When will revenue switch happen?
Hey mate, calm down.
We shipped in under a month:
- The checker
- The airdrop,
- Many integrations
- The v1 with rewards
- Staking
- Ethena and BlackRock's BUIDL partnership
Give us a bit of time to improve some UI aspects before running hereGunner funk
When will revenue switch happen?
Brave
so, to have the usual reward, I can simply hold usd0++ in my wallet?
I am wanting to move my Pendle LP token to another wallet that has vePendle. Will I lose my pending rewards and are there any other unforeseen issues?Mava (AI Support)
Moving your Pendle LP tokens to another wallet should not affect your pending rewards. However, it's important to ensure that the new wallet is properly set up to interact with the Usual dApp and Pendle. Make sure to check if there are any specific requirements or settings needed for the new wallet to manage your LP tokens and rewards effectively.
Mava AI Beta
chrisgm3773
I am wanting to move my Pendle LP token to another wallet that has vePendle. Will I lose my pending rewards and are there any other unforeseen issues?
JazzySt
OR whoever is good with calculation breakdown to present to someone haha
@dannnny are you here? Need to tickle your brain for a friend of mine because your calculations are always helpful
gmJiawei
oh I see it's swap rather than unstaking
I notice there is a discrepency between the APY on the USUAL home page and that shown on the dapp, e.g. USUALx APY is respectively 472.1% and 1195% at the moment, are they indicating different thing?Mava (AI Support)
The APY displayed on the dApp is live and reflects the current yield. If there is a discrepancy between the home page and the dApp, it might be due to a delay in updating the information on the home page. The dApp should have the most accurate and up-to-date APY.
Mava AI Beta
lightpolar
I notice there is a discrepency between the APY on the USUAL home page and that shown on the dapp, e.g. USUALx APY is respectively 472.1% and 1195% at the moment, are they indicating different thing?
about YT-USUALx, auto-compounding daily, so when can I claim, is it on pendle? If so, should YT yield increase every day?TylerTheCreator
about YT-USUALx, auto-compounding daily, so when can I claim, is it on pendle? If so, should YT yield increase every day?
zhengziyan.sol
4 days ago (Dec-16-2024 09:14:47 PM UTC)๏ผ3 days ago (Dec-18-2024 11:01:23 AM UTC)
4 days ago (Dec-16-2024 09:14:47 PM UTC)๏ผ3 days ago (Dec-18-2024 11:01:23 AM UTC)