😮

true, but I got attacked for no reason, so I had to reply

Guys, this is a General discussion forum for Usual and related topic. Most of us do not care about discussing languages, religion, controversial flags or ideas around different culture. So, please stop it here that we're fed up.

I'm making an excel

Never show this flag to a Moroccan 🇩🇿

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Aurelou

aurelou

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yes it is

I’ll ask my Moroccan friends when I see them lol

Derja?

the langage that arabs don't understand

Moroccan dialect

https://tenor.com/view/sips-tea-gif-10558867

What language is that?

I'm not arab and I do not care about them stop talking about them

that's fine

The arabic channel isn't very active.

Kabyles are berbers ...

yeah well even langage wise, Arabs don't understand us ...

One for berbers, one for kabyles, one for this, one for that 😄

It's the language flag, oops

bro I'm not arab ... you should do one for maghrebis or for Berbers ...

@kiratsunami @Asouissi85 --> # 🌎ㆍlanguage-select 🇦🇪

Too lazy for searching it, what amount of Usualx you need for 100 USD revenue and in which time frame?

# 🤖ㆍtroubleshooting sir

yes then i will out of equilibria end of jan then 👍 thanks bro

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kiratsunami

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@kiratsunami Tunisien

ntaya meghribi ?

Hello teams, I stacked usual from yesterday and I didn't see any progress of my usualx, it's normal?

@BingChilling So I found this board on Dune and I was a bit wrong about my calculations for revenue sharing the UsualX elligible for revenue sharing is much higher, since the eligible UsualX are much lower rather than winning 100 USD we d earn much more thus making the revenue switch much more profitable than the pendle rewards ....

Exactly ser

Well then it's the same thing with all assets then boss! If you do nothing with it, you minimize taxes haha

You can contribute to the network with an open node

Don't mine. Take the money to buy your mining rig, and buy bitcoin instead, it's that easy

if you contribute to the network/token, you're taxed

yeah but if I mine bitcoin I'm taxed tho

You just buy. No exchange. No dex. No staking. Nothing. You just buy.

need more details 👀

bruh

Bitcoin

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nguyen hung

nguyenhung4517

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can you point out any crypto project that have tax optimization 🥶

nope sir!

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Stem

stem6442

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lmfaoo

Love Brazil but too afraid for my safety

https://tenor.com/view/ponke-ponkesol-congratulations-congrats-congratulation-gif-7584948739201594065

thank you sir! and Will there be a second season?

airdrop ended

alright

airdrop

Can I DM u again

are you talking about daily rewards or the airdrop?

brazil

hello! Could you please tell me if all the rewards (drop) have been distributed? Will there be a second season of the drop?

but yeah it hurts to work at a european company when you're in a south american country lmeow

Which country if you don’t mind me asking

We all want it to go well Gunner.

but I'm still living there

Ahhh oke!

rn I'm back in France because of christmas and everything indeed

You want the protocol to do exceptionally well, especially in your local market. That's why you suggest things that attract like minded investors. The theory goes that everyone staked on the network shares collective responsibility for the success of the protocol. But to get from point to A to point C. We need to get through B first.

I don’t believe you. It’s 6am where you are atm.

live

you live or have lived?

lmeow

Choose wisely

not tax advise

hahahah

El Salvador or Luxembourg?

Absolutely nobody expects that from a protocol, every wealthy person optimize their own stuff themselves by setting up companies/holdings, moving out etc.

You just don't get it. It's a waste of time arguing

Well, to end that conversation, I'm sorry for your taxes but no, we're not going to change the protocol to optimize stuff for your country's taxes

And liquidity

I'm starting to think that you're trolling tbh

Like taxes

sheesh

flawed because of taxes

Your game theory is flawed

Absolutely no whale is selling USUAL because they're afraid of paying taxes

@Gunner funk come to dubai habibi i will setup a company for u

I just stated the facts. Few people understand

not my problem tbh

BROOO u have severe brain damage tbh

yeah sorry for giving two digits APY without thinking about you having to pay a % on that money

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Kevin

imanuelkevin

Nemo

nemokuv

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You guys didn't even optimize the claim page, tax optimisation is the least thing I can expect from the team 😀😀😀😀

Why it got deleted?

I feeel u lmao i remember when i was in ur shoes answering to rxtards on discord

not ours

Again, taxes aren't any protocol's problem sir lmfao

I'm dying

HAHAHAHAA fckg golden never thought i'd see this in my crypto arc

Sir I just pointed out your no 2 clause dosent work in countries that have "income tax"

Bro is saying that we should optimize things for him to have less taxes in his own country. Yeah that's not how it works, taxes are your problem, not ours, and absolutely no one expects a crypto protocol to optimize stuff for each country's taxes.

Expect dubai may be

yet, they don't care at all

No effort from scammor

Asians are taxed too

so you're plain wrong here

LMFAO

If you take US out then all you left is jeet and their $30 investment

Can I have some burger

sir it's not like that

It becomes your problem as the whales are forced to sell USUAL on unstaking even if they want to stake it for usualx

We found the american

Not at all

US is the main target. Everyone knows. Every product expect US citizen to use VPN

it's your problem

Lmeoew

so what?

Sir your product is US dollar backed stable coj

Right, but then that's not our problem tho?

I know. We all use alternate options

US is geoblocked lol

What happens if I'm american? What happens on uniswap?

I'm surprised usual team is not aware of this

Usual isn't accessible to the US

Na. In US crypto to crypto gains is taxed and also staking rewards, Airdrops are taxed

In France, we consider crypto like a stock asset, so it is only taxable in euro when going back to euro. In some other countries, if you exchange ETH for USUAL, it's a taxable event. Same for USUAL <-> USUALx

Prior to the crash, there were big selloffs of rewards. But there was stability at 1. I don't think people selling rewards is keeping us at 0.7

No. It's taxable when Crypto <-> Crypto. France is an exception.

It's a Pendle product, you should check out their docs sir

@Noé What is YT usd0++?

lmeow

in many countries it's only taxable when you go back to FIAT

In many countries claiming staking rewards is taxable event

Guys? Are we still around

since when claiming USUAL for USD0++ holders has a tax..?

You are missing the tax aspect here. Claiming USUAL reward is a taxable event, so USDO++ holder is forced to sell 50% of the claimed amount. If Usual team gives a auto stake option then usdo++ holders might wanna try usualx

I want to become a market maker but im too pooor lmao

They are making a lot of money ….

It's just a market maker arbitraging the uniswap pool

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Olivier-c.eth

olivierc.eth

LeoMess3055P

leomess3055p5495

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I have your answer

Because you can get a better rate on Uniswap where your order is rerouted

^ @Profeh

3914 USUAL - 10% fee is = ~3522 USUAL why its showing 3852?

unstaked amount

unstaking fee is 10% of the total amount or the reward amount?

but the "Min Received" is correct

amount before unstaking fee is bugged

mate this simulation shows BEFORE the 10% fee

Well there's a 10% unstaking fee sir

wut?

no DMs sir, open a ticket tho # 📩ㆍsupport-contact

No, it says that once you are BE on the 10% unstaking fee

@Noé Can I send you a DM sir? Would like to ask something in private

since in # 🤖ㆍtroubleshooting its saying that my value should be higher than my input amount at the time of stake

explain how I put 3895 USUAL in stake and now when I simulate unstake I'll have 3852

Caught in 4k

# 🤖ㆍtroubleshooting

I saw it on the dapp greyed out for swap options I think

nope

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JazzySt

jazzyst

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where can I check my USUAL rewards?

:)

who knows

Eth / btc ?

do I earn USUAL rewards by having USUALx?

Funny question am I silenced or blocked lol I couldn’t reply for a second

and obviously other non-disclosed stuff :)

Right at the top of my head: BUIDL and USDtb collateral integrations, Usual & Ethena vault, USDe - USD0 - USDtb 1:1 liquidity layer, revenue-switch for USUALx, UI revamp for USUALx's rewards

@Noé what other major events apart from revenue switch are projected for Q1?

> it dumps within moments after each deposit Do you have an analysis of that?

Just look at the add bro. That’s all I say. There’s no major inflows into Binance except from one entity and it dumps within moments after each deposit

I don't think that it's a concern *per se*, if someone farms, he has the right to sell

You are aware that there is such a thing as daily emissions of tokens that will be pumped into binance

This is why we are dumping constantly. I observed like within 10 mins of deposit we always nuke hard

Thanks I think the concern is over 2m is flowing in daily into Binance

Theoretical full amount to be released over 4 years

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Olivier-c.eth

olivierc.eth

rektmoldovan

rektfiat

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uniswap lp ? https://etherscan.io/address/0xeecc842bc91e264efffd21ba7b8b036b1890244c

Thank you Noe for all the explanations. I am still not fully clear regarding the asymtotic behavior of the protocol neither the fairness of distribution of rewards. But thank you any way, I will try to understand it better on my own and come back to you if you I have more questions.

Is there a release schedule for the remaining?

not sure it's correctly reflected

max supply is 4B ser

Am I right is saying that almost all usual is in circulation?

We're investigating that - if it's just an entity farming and selling there's no issue, but we're double checking that.

Have a look who’s funded it. It’s some strange entity. Not saying team but it’s strange

It’s Binance deposit add but the person funding it

great thank you very much

https://debank.com/profile/youraddress

where is it located?

thanks ser

for the most accurate representation, head to Debank and check your position

I took the 10% into account and that doesn't explain my problem

Can someone simply explain to me why when I simulate unstaking to see my daily rewards I see that I don't have any, or that I have lost USUAL? ty

Never knew Binance does LP on Uniswap v3

He has been getting Usual tokens from the UsualX/Usual LP sir

hahahah

You are the FBI! I knew it

no shit sir, it's the CEX's address

We've been under attacked by orchestrated FUD since TGE, and every single one of them has been debunked

Well it's a bit normal that is has a "very big amount of tokens daily" "sending constantly to Binance", since it's a Binance address lol

We'll notify the team to have a look, but honestly it don't seem like a reason to be FUDded for

Well, the address is getting a very big amount of tokens daily. Was concerned about that. I just hope he's not an exploiter or something. If he is, I did my job to alert the team.

I pray God Help the dev of Usual token . The concept of usual is pretty impressive

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Deicide

deicide0495

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yeah I'm not john wick

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Nitro13lood

jordanhcw

kiratsunami

Iamgrizz

iamgrizz01

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msulc (🍔,🍟)

msulc

Deicide

deicide0495

Close

do you think I'm the FBI bruv?

No one is. We’re asking. Who is the add sending 1m constantly to Binance

Not attacking, just want info on that address

heyya guyzz...

Stop attacking the team

Urgent clarification is needed on that address

The team should care for its community

Being ignored

We could always work to make it better …

same chain or not, it's just not the same asset

But it's a wrapped version

But we're in an imperfect world

Not really, wbtc is modifed so that it can be used on etherum network Here we are already in ether

That's not even technically possible since it's a separated token

The way I'm seeing is that you want to earn pendle AND reward distribution from revenue switch

When USD0++ APY drop to a certain level say 8% ppl will stop staking or start unstaking if it went lower. If usual stakers earn more profit than before price will rise which increase the APY of USD0++. This two will reach a equilibrium that USD0++ have a slightly higher APY than other risk-free product and usual APY way higher due to inherent risk

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Noé

0xnoe

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I know but the team can always change its rule and include us also in the revenue switch

same here

ser you can always take out your LP position...

Thats lame to exclude us from revenue switch

yes that's why I'm saying that technically not "the same" as usualx

and all

but is it the same token tho

The wrapped version is intended to create a standarised version used across multiple protocols doenst give you anything

if it is the same as usualx, why would pendle need to wrap it to sy-usualx?

I'm really not sure to understand the full logic sir tbh. But if I understood correctly, your assumption is that USUAL holders and USD0++ are separated, when they're in fact no really separated, since by holding USD0++ you get $USUAL, which gives you, when you stake it, access to that full USD revenue on top of the $USUAL itself. But yes indeed, if the USD0++'s holder behavior is just to farm $USUAL and dump it without staking, at the end of the day his rewards will be lower than the guy who just stakes USUAL without even having USD0++. That is intended. A. If you hold USD0++ and stake your $USUAL rewards you'll get max profits: 45% + 10% of the emission + 100% of the revenue in USD0, effectively enabling you to TP or compound without even selling $USUAL. B. If you hold USD0++ and just dump or hold without staking, yes, you're getting a smaller part of the total rewards, and again, that is intended. C. If you just stake USUAL without having USD0++, you could get (depending on the % of the supply staked) more rewards than the B guy, but that's also intended, since you own protocol equity. Long-term behavior is the one rewarded.

you're missing the point "effectively the same as usualx" does not equate to "the same as usualx"

So at least on the usualX i should be getting revenue switch

at that point it is already, on technical terms, not Usualx

Good to be here

well i can agree to disagree

I disagree lp is just usualX

ser most of us (like me) have been holding usualx since day 1

Need to know whose address this is

But you know for people like me who already lost 7k in this project and still believe in it and invest some more, i didnt like this decision …

^refer to my answer above

We need clarification on this ASAP

My logic cannot be clearer The team has full discretion on how to define what is "usualx holder" If you place your usualx on pendle for pt/yt/lp, the first step is to change your usualx into Sy-usualx (as yt+pt=sy) Technically speaking, sy-usualx is not the same as usualx It makes sense to not treat them as usualx holders under this logic

I know and thats the plan

and the revenue switch is not active yet, you can still take out your LP-usualx position before Feb 1

You are only holding usualX … Pendle are claimable You need to claim them to get them …

You are using it to provide liquidity on pendle, by your logic ser

Well thats the plan, but would have been better acumulating pendle and revenue switch

And therefore you are actively making the decision to not just "hold" UsualX

When you are in LP you aren’t yield trade, you are providing liquidity

If you're not interested in $PENDLE, you can always sell it for more $USUAL 🙂

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Olivier-c.eth

olivierc.eth

Noé

0xnoe

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Pendle is literally trading yield, not the actual yield itself sir

Pendle rewards are only interesting for people who already have Pendle To be honest not getting revenue switch for LP feels like illogical They have usualX they have been holding it forevee but they will get none since their tokens is not in the Dapp of usual …

But that only means that those who have the usual tokens are the ones that get the benefit of the collateral. So say, I buy some usual right now, I will get the benefit till the end of day. Say I buy 1 usual right now. THe current TVL is 1000$ USD0++ and the interest rate is 10%. So tehe protocol is generating 10$ that is distributed to me as the only holder of Usual so I get 10$. Now there is extra TVL coming in at 1000$, however there is only 0.5 Usual distributed for that extra 1000$. The revenue of the protocol are 20$ (2000$ deposits at 10% rate) . As I hold 1 Usual out of the 1.5 Usual, my revenues are 20$ /3*2 = 13$ while the new entrant only get 7$. Imagine we do that for ever, My reveneus will always increase while the last entrant will get smaller and smaller amounts that tend to 0 compared to the TVL.

ser you get additional reward distributed in the form of $PENDLE Moreover as I've repeatedly stated, placing usualx on Pendle would require you to convert that into sy-USUALx And it is, strictly speaking, not the same as holding UsualX

Lp holders are staking their usualx os its lame to be excluded from revenue switch

1- You're talking a hypothetic scenario where Usual would have dozens of billions in TVL, like, a lot. 2- In that scenario, revenues would also tend to infinity, meaning, since $USUAL is minted depending on the revenue, USUAL's EPT and PE would be insane, causing the price to go higher, and so, the APY.

What about LP holders …

I'm not understanding the assumption behind "1000 usd0 that generates 10$ for one usual and then there is 1500usd0 that generates 15$". The Minting Factor is the same for the whole supply, doesn't vary like that, and always follows revenue.

This is what is causing our sell pressure

USD0++ get 45% of new emissions that tend almost to 0 usual, the actual distribution tend to a constant for all supply at infinity according to your whitepaper so they basically get nothing. So in practice, they get something close to 0.

OMG

Why would all rewards go to holders of USUALx? USD0++ gets 45% of the emission while USUALx get 10% of it plus the revenue-share. It's just different, and not incompatible since you can just stake your rewards to maximize profit.

Who is this. It’s a good few mil a day going to Binance

address?

Can I post address

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JazzySt

jazzyst

Fren157

fren1577670

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And good luck to you too 🤞 we will start seeing changes soon

holy wall of text

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st4rgard3n

st4rgard3n

JazzySt

jazzyst

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So if rewards of USD0++ tend to zero and all rewards are going to holders of Usualx, then why would anyone buy USD0++ anymore if he is paying revenues for someone else.

OK, me too, I agree the usual project is good. It should be looked after properly by competent people. GOOD LUCK

@Fren157 and I assure you, seeing the boys and their commitment to this, they’re not sitting idle on their backsides watching the current market. There’s thing happening in the background that they’re working on and dealing with beyond our knowledge and expectations.

Yes if TVL goes to infinity, rewards per USD0++ tend to 0 in Usual. But income would tend to infinity so we expect price of usual also tend to infinity. Note: it's not possible to reach 0 actually.

Lmao

This is still in its infancy, kinks are being ironed out, things are being fixed and added, market trends are being studied, strategies are being developed for various scenarios besides those developed before tge as the ground work is nothing without the actual release. There’s so much that goes into this besides just looking at the market price and crying when it goes down

Thank you, there is 1000 usd0 that generates 10$ for one usual and then there is 1500usd0 that generates 15$. lets assume that all usd0 is staked, then if we mint only 0.3 Usual for 1500usd0++ and 1 usual for 1000Usd0++, then you can see that the yield is going to 0 unless the usual token goes increases in value. Now consider that the everything stays the same there is always 1000USD0++. There is always more USual that is minted for the same revenues, hence the value of Usual will always decrease. Unless the TVL keeps growing explonentially to reduce the effect of the dilution, the Usual price will collapse at some point.

I’m not defending because I have zero affiliation with the project or people who started it lol besides investing a tiny bit in it and reading a lot into it. The thing is that there is no solution besides waiting. It hasn’t been released a month yet and people expect it to rise to the value of btc in a day. Good things take time to build. It was NOT misleading the wording or the so called promises. Because in the long run you are getting yield and compounded revenue on what product you stake. No one has forced anyone to get into this without doing the research first. Calculations don’t work yet because there’s a lot being added to the project

not me

banned

@.salahuddin7864 I saw your picture in Chinese channel, is that you?

Do you think that written promises on the Apps web should be replaced and removed? because it doesn't match mathematical calculations? I don’t see a proper answer or solution from you; you are merely trying to respond and defend. Discussions like this will never end. I just want to share one proverb: “Ants won’t come if there’s no sugar.”

both in USUAL and USD0

No, again, because if you mint less USUAL for more revenue, it increases EPT per token and decreases P/E ratio, so the implied value per token is higher, and the APY is then higher

then if you mint less usual, that means that you get less yield on USD0++

if you mint less USUAL for more revenue, each USUAL has increasing Earnings per Token (EPT)

As I understand it currently, the distribution of usual token will go to zero as the TVL grows which will send the yield on USD0++ to 0. I am so confused guys. can someone help me please

Right So now just pray for rebounding and finding the end of disaster haha

Reading the whitepaper, do you agree that the distribution of usual is roughly constant and only variable in the interest rate if the supple of USD0++ is increasing

Good morning ☀️

Rarity and scarcity do not apply at the moment

gmgm

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Mr. Lin

hanasaver

JazzySt

jazzyst

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USUAL rarity is nothing if not valuable. Do you think that written promises on the Apps web should be replaced and removed? because it doesn't match mathematical calculations?

All our portfolios took a knocking haha I was happily looking at my smexy numbers then slowly watched them disappear haha luckily I staked most my usual left only 57 to play around with (bought more today) and cashed out btc and BNB right before the crash

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LavaLittleBird - Chasing

thejaywalking

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Unfortunately that we can’t predict as crypto markets don’t have rules set in stone. We understand a lot of people are down drastically but from the start the whole concept of usual is long term investment and profit. It was never promised to be a quick massively inflated token to make people rich suddenly.

Now my portfolio is down over 25% . T^T

Or bottom line of the project

It’s in a year to 4 years lol

I'm still looking for bottom line

Yes I do understand what you mean but they don’t think like we do and see beyond what we see haha

I will gladly liquid and move my money

Which stablecoin back by rwa give u this ammount yield?

Yes but again as I said investors won’t look at the current market price. They research into it and the algorithm not what current binance sardines say or do. The current price is irrelevant

In Apps offering High Yield for USD0 and USUALx Staking, one of the Yield leverage factors is the USUAL Price. The promise of high yields will not be achieved if USUAL prices fall. Do you understand what I mean?

And mind you, real investors don’t care of the current market price. Those people do their research unlike square people haha

Yeah dude stablecoin back by t-bill with 25% apy is not appealing. Said no one ever

Agreed but they didn’t want to work on maintaining the price because in the end their scarcity formula is supposed to take over and that’s when actual value will start appearing. They are letting it run its due course. Again personally I want more filtering of the back room traders thinking this is a day to day trading token. Instead I want the big long term investors here. It will come patience is key

I was expecting a straight line for USD0++ as early redemption is not implemented yet

Converting usdo++ to usdo in secondary market is just 1:1 swap right now. Even if they redeemed the usdo they swapped, they are basically redeeming the USDO that was sitting in the curve liquidity pool. The original USD0++ which was swapped will still be sitting in the pool. I don't understand how usdo++ supply gets affected by swapping usdo++ and redeeming usdo

I agree with you; USUAL is currently being short Selling, and the circulating supply of USUAL is not big. There should be a USUAL team maintaining its price, just as the Fed maintains the USD. How can you attract investors if the incentives you offer are not appealing

It's not been taken yet fren

2028

Is there a time when you will stop releasing more usual? @Mr. Lin

No ser, the snapshot will likely take place on or just before feb 1

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Romanson

0x_romanson

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Am I correct, that initial snapshot for Revenue switch epoch, which expected to be start at 01 Feb, was already been taken on 01 Jan? So if smb will stake to Usualx right now (mid Jan), he will be eligible for revenue switch part only from Feb Epoch (from 01.02 to 28.02)? @Mr. Lin

where can I find the whitepaper of the protocol?

So if less usual is minted doesn't that mean that holders of USD0++ will not get the risk free rate, because there is more USD0++ that are minted and much less usual that minted that at some point the yield in usual becomes very small and below the risk free rate?

Even if it happens every month, if we mint usual that has value equal to the coupons that are paid to USD0++, then the old usual will be worthless, right?

How much USD0 are you minting today?