#
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 6 of 74
kiratsunami
the fees to send from Binance to MM
kiratsunami
bro are the fees (gas fees) same, I see that they don't change in price ...
ADAM
All wallets I guess
NucaCola
Does this mean the same for Boyco vault?
Mava (AI Support)
In the context of Usual, 'addresses accessible to end users' refers to blockchain addresses that are directly controlled by individual users, rather than being part of aggregated or pooled positions managed by third-party platforms like Morpho or Pendle. This means that the benefits, such as revenue distribution, are only available to users who hold USUALx tokens in their personal wallets.
Mava AI BetaNucaCola
What does addresses accessible to end users mean?
NucaCola
So UsualX can't be on pendle to get the benefit of revenue switch?
if I send my ETH to my metamask wallet using Mantra network, will I still be able to use it in Usual.money
or no because I need a bridge cause usual is built on top of ERC20 ??
Gabee
ETH only
kiratsunami
If I send my ETH using Arbitrum, can I stack my Usuals with it ?
if I send my ETH to my metamask wallet using Mantra network, will I still be able to use it in Usual.money
or no because I need a bridge cause usual is built on top of ERC20 ??Mava (AI Support)
Usual is available on Ethereum and Arbitrum networks. If you send your ETH to your MetaMask wallet using the Mantra network, you may need to bridge it to Ethereum to use it on Usual.money, as Usual operates on the Ethereum network.
Mava AI Beta
Mr. Lin
Noรฉ
hahaha
Mr. Lin
die for the community
Mr. Lin
live for the community
Noรฉ
lmeow
it's 2am
@Mr. Lin sir you should sleep
Mr. Lin
yep!
Mava (AI Support)
You can check the amount of USUAL staked in real time through the Usual Money platform's user interface. The platform is designed to provide users with up-to-date information on their staked assets.
Mava AI Beta
Tempo
Where can we check how much usual is staked in real time
direkturcrypto
ok, so when it's active i'll receive USUAL since day1 stake, right ?
Mr. Lin
beravault rewards are not active yet ser
direkturcrypto
i'm deposited using usual(dot)veda tech
It must be me, but I really cannot understand. I connected my coinbase wallet with the website. I tried several times to swap ON THE WEBSITE with the EARN button, it was not working. So I opened my coinbase wallet connected with the website, and I put 100 euros for gas fee. I tried to swap on coinbase wallet, zero swap but 70 euros gas fee taken (in ETH). Why?Mr. Lin
hi ser - we have multiple users reported that CEX web3 wallets having trouble using our website. The best advice I can give you is to use a computer + rabby wallet for a smoother experience.
direkturcrypto
how to claim the reward ?
Mr. Lin
but we are banning people who are actively disseminating misinformation around the USUAL supply.
Barabba
And why on the website is not swapping, if there is the button? I don't get it
Mava (AI Support)
If you have deposited into the Veda/Bera vault, you should earn the USD0++ APY in $USUAL. However, these rewards need to be claimed directly on Veda. Please check if you have claimed your rewards there.
Mava AI Betadirekturcrypto
hi, i was deposited to veda bera vault, but didn't receive $USUAL as my reward.
ravished
I'm trying to wrap my head around something for the delta neutral trade.. the trader stakes usual, shorts it on perps and then sells the usual. Its a double short, that is why price is dropping. Its a reverse flywheel. What they need to do is stake the usual they earn on the trade instead of selling it.
DU
Joke
Will they ban all dissatisfied users?
It must be me, but I really cannot understand. I connected my coinbase wallet with the website. I tried several times to swap ON THE WEBSITE with the EARN button, it was not working. So I opened my coinbase wallet connected with the website, and I put 100 euros for gas fee. I tried to swap on coinbase wallet, zero swap but 70 euros gas fee taken (in ETH). Why?Mava (AI Support)
It seems like there might be an issue with the transaction not going through, yet the gas fee was still charged. This can happen if the transaction fails but still consumes gas. Ensure that you are on the correct network (Ethereum) and have enough ETH to cover the transaction and gas fees. If the problem persists, you might want to contact Coinbase support for further assistance.
Mava AI BetaBarabba
It must be me, but I really cannot understand. I connected my coinbase wallet with the website. I tried several times to swap ON THE WEBSITE with the EARN button, it was not working. So I opened my coinbase wallet connected with the website, and I put 100 euros for gas fee. I tried to swap on coinbase wallet, zero swap but 70 euros gas fee taken (in ETH). Why?
DU
Big red flag
lofi
we should have an option to auto compound the usd0 reward into usualX too after we active revenue share
DU
Why are they banning users who complain about the increase in the project's supply?
lofi
big time ahead
Just stake and enjoy the apy
Supernova
We need to defense the coin priceโฆ
Hey,
i have a question about a job opportunity displayed on your website, is it the right place to discuss this topics ?Mava (AI Support)
Hi there! While I'm here to help with questions related to Usual's DeFi protocol and services, for job opportunities, I recommend reaching out directly to Usual's HR or recruitment team through the contact information provided on their website.
Mava AI Beta
jerome_devvv3
Hey, i have a question about a job opportunity displayed on your website, is it the right place to discuss this topics ?
CryCasher
usd0 apy is %30 ffug
yo uys
Iโm not sure that the APY on the dashboard for USUALx is correct Mr. Lin. I only received a 55% of whatโs posted. Itโs more like 140% APY instead.Mr. Lin
ser are you sure you calculated apr instead of apy?
the structure of usualx lp on pendle is designed as such, so that part of your revenue has been locked as PT-usualx.
If you hold usualx, you get the full APY as shown in our website.
If you do usualx lp on pendle, part of that autocompounding reward is converted into PT-usualx (which at maturity = $usual). However, you also receive swap fees and $pendle rewards.Cowboy James
Iโm not sure that the APY on the dashboard for USUALx is correct Mr. Lin. I only received a 55% of whatโs posted. Itโs more like 140% APY instead.
someGuy112
is it worth?
someGuy112
can someone send me to a tuturial video or something?
someGuy112
how can i stake my usual? can i do it at binance?
marioman92
Where can I find the revenue switch dashboard?
Hey guys, I'm discovering the project and i just want to know if i m understanding correctly. So currently, $USD0++ stakers have 30% rewards in $Usual, and $Usual stakers are having 226% rewards in $Usal and will be paid with the revenue in $USD0, correct?Mava (AI Support)
USD0++ holders receive rewards in $USUAL, which is a revenue-based token. The exact percentage of rewards for USD0++ stakers isn't specified as 30% in the documentation. USUAL stakers receive rewards in $USUAL, and the yield is paid in $USUAL, not directly in $USD0.
Mava AI BetaNuage
Hey guys, I'm discovering the project and i just want to know if i m understanding correctly. So currently, $USD0++ stakers have 30% rewards in $Usual, and $Usual stakers are having 226% rewards in $Usal and will be paid with the revenue in $USD0, correct?
Mr. Lin
tell me you bought at the local top, without telling me you bought at the local top
lofi
the project is only 1 month old
trust the process
marioman92
I thought there was a new some new dashboard and that by staking usualx there is a revenue switch
Anthony M.
They said it's for the community yet a lot of the community comes from binance after release, best team ๐ช
Mava (AI Support)
When you stake USUAL into USUALx, your rewards accrue and autocompound, and you can see them when trying to unstake. They do not show up under the classic 'Pending Rewards'. To view your rewards, simulate an unstake: the withdrawal amount will include your rewards.
Mava AI Beta
marioman92
Where can I see potential USD0 rewards in the new dashboard? I stake Usualx
I'm slightly confused about the yield for USD0 ++ and wondering if anyone can clear up some questions (I have read the docs).
1. If 100% of revenue will now go to USUALx stakers, where would the yield for the base interest guarantee come from? Also I guess this means that you'll never earn boosted yield from non-staked USD0?Mava (AI Support)
The yield for USD0++ is primarily in $USUAL, which is a revenue-based token. Currently, USD0++ holders and USUALx stakers receive rewards in $USUAL. The base interest guarantee for USD0++ is not directly mentioned, but the yield is tied to the protocol's revenue and the $USUAL token's emission. As for non-staked USD0, it seems that the boosted yield is not applicable unless it is staked as USD0++.
Mava AI BetaMava (AI Support)
The specific percentage for the revenue switch mechanism is not disclosed in the available documentation. It is mentioned that the revenue switch will distribute 100% of monthly protocol revenue directly to USUALx stakers once activated. However, the exact percentage of revenue allocated to each staker is not specified.
Mava AI BetaSpot Wiggum
I'm slightly confused about the yield for USD0 ++ and wondering if anyone can clear up some questions (I have read the docs). 1. If 100% of revenue will now go to USUALx stakers, where would the yield for the base interest guarantee come from? Also I guess this means that you'll never earn boosted yield from non-staked USD0?
ZirDeli
Where we can see how many % the revenue switch mechanism?
KieuHieu
rudynasuha
Can we reach $1 within this week or still going down I think the valuation should be at least $1 for USUAL
someGuy112
or should i buy now?
any chance it goes below 0.80?
I had 1000 usual on binance, I transferred on the website usual money, now from usual i want usual x, i do the swap mechanism but is not working. If I would like to revert my deposit, it is not possible...Gabee
You need ETH for gas fee.
ravished
perhaps I should of waited
I had one for pendle but I just removed my LP and PT
Ervocker
Are you bullish?
ravished
yes
Noรฉ
gud idea, you're talking about the staking right?
basedscarf
oh u want to unstake ?
kamerin29
lol
Barabba
apparently i cannot, i don't know how
Usual
ravished
anyone want to go into the nexus channel with me to ask them to add a cover?
I had 1000 usual on binance, I transferred on the website usual money, now from usual i want usual x, i do the swap mechanism but is not working. If I would like to revert my deposit, it is not possible...basedscarf
you need to stake
ravished
the only thing that is preventing me from lowering my entry cost by doubling my position is 1) the lack of a nexus cover for smart contract hacks (they happen way to often)
MrBoss | CLONE
Is the form closed?
I had 1000 usual on binance, I transferred on the website usual money, now from usual i want usual x, i do the swap mechanism but is not working. If I would like to revert my deposit, it is not possible...ZirDeli
You need have on web3 some eth for network fee than you can stake usual to usualx
Gm, you don't need to withdraw anything from our website, since it's fully non-custodial, you just need to do a transfer to your binance account, in the deposit asset of your choiceBarabba
I had 1000 usual on binance, I transferred on the website usual money, now from usual i want usual x, i do the swap mechanism but is not working. If I would like to revert my deposit, it is not possible...
JazzySt
How? lol the whole market is ducked
Hello, i transfered some usual on the website, and trying to swap them there, but it is not working. Not sure how to do...
And if I want to withdraw back to binance, I see no option.Noรฉ
Gm, you don't need to withdraw anything from our website, since it's fully non-custodial, you just need to do a transfer to your binance account, in the deposit asset of your choice
Barabba
Hello, i transfered some usual on the website, and trying to swap them there, but it is not working. Not sure how to do... And if I want to withdraw back to binance, I see no option.
Supernova
Need to rise priceโฆ
chillout
does usd0++ share the revenue from treasury bill? or only usual reward?
not at all, thank you, I was pretty upset about the price action but I feel like the team really cares about its investors now. So that $20 million in treasury @famousfxck was talking about yesterday is going to usualx holders? Does it go out all at once? im trying to understand what happens to the existing treasury vs future revenue
It doesn't go all at once: what is redistributed is the revenue starting from the activation of the rev-sharing, so about $5M/month right now!if all goes as planned, you will get the usualx yield and revenue share paid in usd0, starting on feb 1
BDx_0
So the first revenue share is paid out in march right?
Deicide
RWA backed with mechanisms in place to maintain stability.
For LP, is there some mistake ? There is no underlying yield for holding usual, shouldnโt it be xusual ?
Or it is stating staking usual underlying yield ?Mr. Lin
i think the reward is $usual which gets autocompounded to usualx
crestvast
even if it's a good news? boy people are crazy
Mr. Lin
"sell the news"?
the structure of usualx lp on pendle is designed as such, so that part of your revenue has been locked as PT-usualx.
If you hold usualx, you get the full APY as shown in our website.
If you do usualx lp on pendle, part of that autocompounding reward is converted into PT-usualx (which at maturity = $usual). However, you also receive swap fees and $pendle rewards.youdi
For LP, is there some mistake ? There is no underlying yield for holding usual, shouldnโt it be xusual ? Or it is stating staking usual underlying yield ?
if all goes as planned, you will get the usualx yield and revenue share paid in usd0, starting on feb 1crestvast
if it's true then why suddenly usual price dropping?
Mava (AI Support)
The Revenue Switch is a mechanism designed to deliver direct value to USUAL holders. It activates when more than 50% of USUAL tokens are staked as USUALx. If this threshold isn't met, it will automatically activate on February 1, 2025. Once activated, 100% of the monthly protocol revenue will be distributed directly to USUALx stakers. This distribution is only available to USUALx tokens held in addresses accessible to end-users, not through aggregated positions.
Mava AI Beta
ananasbrb
How does the revenue switch work?
Mr. Lin
its basically a game theory at this point
if they stay, then usualx holders will receive more revenue switch rewards
if a lot of people take their lp positions out, the LP APY would go up
Mr. Lin
hm, it depends? as far as i know, usualx lp on pendle is not eligible for the revenue switch distribution
the structure of usualx lp on pendle is designed as such, so that part of your revenue has been locked as PT-usualx.
If you hold usualx, you get the full APY as shown in our website.
If you do usualx lp on pendle, part of that autocompounding reward is converted into PT-usualx (which at maturity = $usual). However, you also receive swap fees and $pendle rewards.
ะะตะฝะธั ะะปะตะบัะฐะฝะดัะพะฒ
but still, which is more profitable, I donโt understand, sorry))
BATLECASH
01/07/2025 at 10:32:43 ESTI mean in the first of february it will be Switch revenue + usual yield (233%) ?
Mr. Lin
the structure of usualx lp on pendle is designed as such, so that part of your revenue has been locked as PT-usualx. If you hold usualx, you get the full APY as shown in our website. If you do usualx lp on pendle, part of that autocompounding reward is converted into PT-usualx (which at maturity = $usual). However, you also receive swap fees and $pendle rewards.
Mava (AI Support)
When you stake USUAL, you receive USUALx, which provides rewards in USUAL tokens. The yield is based on the emission of new USUAL tokens. However, the revenue share in USD0 is not currently distributed to USUALx holders. Instead, rewards are given in USUAL tokens.
Mava AI BetaBATLECASH
01/07/2025 at 10:30:34 ESTHello, so it means when i staked my usual i will get the usual yield (233%) + revenue share in USDO ?
ะะตะฝะธั ะะปะตะบัะฐะฝะดัะพะฒ
yes
Mr. Lin
you mean usualx lp on pendle, rihgt?
in LP are usualx credited immediately or will there be a distribution later?
FlAmEnInJa
When it matures or you remove your liquidity , earned USUAL is added to that
ะะตะฝะธั ะะปะตะบัะฐะฝะดัะพะฒ
Why? that is, the rate is directly more profitable?
Mr. Lin
but other rewards will be distributed in pendle, awaiting for claim
Mr. Lin
autocompounding part will not be distributed as reward in pendle
ะะตะฝะธั ะะปะตะบัะฐะฝะดัะพะฒ
I'm talking about pendle usualx
agatha
Yoo guys
in LP are usualx credited immediately or will there be a distribution later?Mava (AI Support)
USUALx tokens, which represent staked USUAL, participate in the daily distribution of USUAL. This means that the distribution occurs regularly rather than being credited immediately. Reference: 1
Mava AI Beta
Question about the revenue switch and activation. It seems a lit arbitrary to have two conditions, 50% Ususal staked or 1. feb 2025 - does it really matter if the switch is activated tomorrow or 1st feb? Why not just say 1st feb?Cowboy James
They must have done the math that the rate of adoption will likely hit 02/01/2025 or maybe thatโs when the first interest payment from the T-bills will happen. If it hits higher than 50% sooner than 02/01/2025, then they must have done the math that their target ROI for their stakeholders will be achieved.
ะะตะฝะธั ะะปะตะบัะฐะฝะดัะพะฒ
in LP are usualx credited immediately or will there be a distribution later?
Imagine we vote to receive an airdrop of the treasury. We would receive an airdrop of 20M$ on top of everything we are already earningravished
I think this is a much better option than burning.
generalmasango
Are they fees when unstaking USD0?
Cowboy James
Hey! The market goes up and down. Donโt panic. You have to let it go through its normal cycle. Yes, it will hit $1.1 per unit again. When? Not sure. Maybe when BTC goes above its current ATH.
roginjohn
It is always dump no pump mate
Mr. Lin
because you have a lot of people who only look at their short term profits
but in the meantime the price action will nonetheless be very choppy
glennbech
Biut weird that it stabilised more or less at arount that number ๐
Another question; Do you think the Usual token hovers around $1 due to its ties with the Stablecoin USD0? Or are there other mechanisms at play? So, ppl percieve the USUAL coin as "pricey" when it goes far above $1?basedscarf
no
sell me all ur usualx at $1 and then fk off
glennbech
Another question; Do you think the Usual token hovers around $1 due to its ties with the Stablecoin USD0? Or are there other mechanisms at play? So, ppl percieve the USUAL coin as "pricey" when it goes far above $1?
it means the protocol ain't bullshitting when they say "it is for the community"
not at all, thank you, I was pretty upset about the price action but I feel like the team really cares about its investors now. So that $20 million in treasury @famousfxck was talking about yesterday is going to usualx holders? Does it go out all at once? im trying to understand what happens to the existing treasury vs future revenue
SolutionsB0.16
well i think thereโs always hope if we wait
ionas
It is litteraly tool to leverage yield why peoples who buy yt do not deserve get rewards?
ravished
"should", I wouldn't mess around with it personally, to risky, just hold usualx
LN123321
the usual price is dumping
Anthony M.
do your research
Question about the revenue switch and activation. It seems a lit arbitrary to have two conditions, 50% Ususal staked or 1. feb 2025 - does it really matter if the switch is activated tomorrow or 1st feb? Why not just say 1st feb?Mava (AI Support)
The revenue switch is designed to activate under two conditions to ensure flexibility and readiness of the system. By having the condition of 50% USUAL staked, it allows for an earlier activation if the community is ready and engaged. The February 1st, 2025 date serves as a definitive timeline to ensure activation regardless of staking levels, providing a clear deadline for stakeholders.
Mava AI Betaionas
@Noรฉ why usualx pendle pool excluded?
glennbech
Question about the revenue switch and activation. It seems a lit arbitrary to have two conditions, 50% Ususal staked or 1. feb 2025 - does it really matter if the switch is activated tomorrow or 1st feb? Why not just say 1st feb?
Anthony M.
no
ravished
not at all, thank you, I was pretty upset about the price action but I feel like the team really cares about its investors now. So that $20 million in treasury @famousfxck was talking about yesterday is going to usualx holders? Does it go out all at once? im trying to understand what happens to the existing treasury vs future revenue
where is protocol revenue coming from? is the interest from t-bills fully retained by the treasury and nothing is passed to usd0 holders?Mava (AI Support)
The protocol revenue comes from the yield generated by the underlying real-world assets, such as US Treasury Bills, that back the USD0 stablecoin. The interest from these T-Bills is fully retained by the protocol's treasury. USD0 holders do not directly receive this interest; instead, the revenue is used to support the protocol and is managed by $USUAL holders through governance. References: 1,2
Mava AI Betahumongousweedboy
where is protocol revenue coming from? is the interest from t-bills fully retained by the treasury and nothing is passed to usd0 holders?
generalmasango
When is USD0 going to be listed?
@Noรฉ this is crazy peoples who buy yt literally peoples who believe the most to usualx because they leverage there yieldbasedscarf
1) What just buy usualx YT?
ionas
@Noรฉ this is crazy peoples who buy yt literally peoples who believe the most to usualx because they leverage there yield
basedscarf
???
basedscarf
lower
Mava (AI Support)
The price of a token can drop quickly due to several factors such as market volatility, changes in investor sentiment, or external economic conditions. Recovery depends on various factors including market conditions, the project's fundamentals, and investor confidence. It's important to stay informed about the project's developments and market trends.
Mava AI BetaWell, to be fair Pendle created the USUALx pool without waiting for our tech + their architecture on that pool is a bit special because of the unstaking feeravished
was there unstaking fees when going in and out of the pendle pools? I think when I got into it I lost thousands and I don't know how, I don't know if it was slippage, I thought it might of been unstaking fees from doing something incorrectly.. It also could of been a pendle dash miscalculation.
xtreme11
where to check how many usualX staked now?
So if you have 10,000 USUALx you will get 200-250$ per month. On top of what youโre already earning from staking USUALx.xtreme11
this is from Revenue switch 44% apy?
LN123321
lol
Sammyy
the current usual circulation and stake percentage
LN123321
how many people are staking @Mava (AI Support)
Mava (AI Support)
The Revenue Switch will activate when more than 50% of USUAL tokens are staked as USUALx. If this threshold isn't met, it will automatically go live on February 1, 2025.
Mava AI BetaSammyy
is the revenue switch started on today?
Currently there're 504 million USUAL tokens in Circulating supply
Suppose that 50% USUAL tokens are staked, which is 252 millions.
The monthly revenue is $5m
=> the USD0 reward per token would be about 5,000,000 / 252,000,000 = 0.0198
So for each USUAL token staked, I will get 0.0198 USD0
For 1000 USUAL token staked, I will get 19.8 USD0
Is this calculation somewhat correct?ravished
I was doing the math on current staked amounts because I assume if we have 50% staked monthly revenue increases from $5m but I may be wrong.
Coopos Janesz
how long do I have to keep it in usualx so that it doesn't deduct 10% afterwards?
yasiaforever81
ํ๋, ๊ด์ฐฎ์์. ๋ณดํต ์ธ์ถ์ ๋ฉฐ์น ๊ฑธ๋ฆด ๊ฑฐ์์. ํ๋์ ์ด๋ป๊ฒ ์ง๋ด์ธ์?
Mava (AI Support)
You can check and claim your USD0 rewards on your Usual dashboard. The rewards are distributed in $USUAL, our revenue-based token, and they accumulate on your dashboard where you can claim them.
Mava AI BetaSammyy
where do we check for USD0 reward and claim it do we have to manually claim the reward?
Sammyy
the new revenue switch is giving USD0 on top of usual when staking usualx
Mava (AI Support)
A lower $USUAL market price can contribute to a decline in APY. However, APY is influenced by multiple factors including lower revenue, governance adjustments, and TVL growth. So, TVL is not the only determinant.
Mava AI Beta
Acemint
Does lower usual price means higher APY or is TVL the only determinant here?
Anthony M.
from 0.91 to 0.86
ravished
while your usual balance increases by 229% APR. We have income and future appreciation, a rental property with double the income and none of the hassle.
Anthony M.
ah yes pissing off the Wales was a really good move
Abtiko69
Wait in scarcity of token it will surely go up it is 36%+ staked USUALx
It is 20mln usualx in pendle pool why this 20mln usualx did not get profit from revenue switch?
Ingham
Skill issue
It is 20mln usualx in pendle pool why this 20mln usualx did not get profit from revenue switch?Mava (AI Support)
The 20 million USUALx in the Pendle pool do not receive profits from the Revenue Switch because the Revenue Switch is exclusively available to USUALx tokens held in addresses accessible to end-users. This means revenue distribution applies only to non-aggregated positions, such as those not held via Morpho or Pendle.
Mava AI Betaionas
It is 20mln usualx in pendle pool why this 20mln usualx did not get profit from revenue switch?
Not true I staked arround 34k usual to get around 30k usualx since 12 days and now I can unstake for 36k usual. Its auto compounded indeed usd0 rewards will be received separately and youโll see themCoopos Janesz
its true?
ionas
Who get?
BingChilling
u dont
i0sm3
I believe patience is the key. And it will come back stronger
Abtiko69
Circulation is unralted to price see xrp large circulation but still have good value. It correlates in project achievement or success just wait it will up soon, with the usual update it will surely go up
i0sm3
Not true I staked arround 34k usual to get around 30k usualx since 12 days and now I can unstake for 36k usual. Its auto compounded indeed usd0 rewards will be received separately and youโll see them
SolutionsB0.16
itโs nothing to worry about buddy.
m4rtr3d
what do you mean? I have about 8k usualx in Pendle LP
i0sm3
So ignore the coin price itself it will eventually follow as soon as people start to see returns
SatoshiXXX
No one, they got 0 usd0
i0sm3
It increases when new usd0 get minted and staked means tvl up means rewards up
ionas
Who get rewards from usualx revenue switch in pendle pool?
It's been 9 days since I swapped with usualx, but my rewards don't show anything. Do I have to keep waiting except for how to check on unstake?Mava (AI Support)
To view your rewards with USUALx, you need to simulate an unstake. The withdrawal amount will include your rewards, minus a 10% unstaking fee. Your vault share increases in worth over time, allowing you to withdraw more than you initially deposited. If you still don't see any rewards, it might be worth waiting a bit longer or checking if there are any issues with your account.
Mava AI Betaheliday
It's been 9 days since I swapped with usualx, but my rewards don't show anything. Do I have to keep waiting except for how to check on unstake?
i0sm3
I think it can be possible to receive 1600 usd0 daily if we have 1B token in circulation with 50% staked and 10B of usd0 ++ when you stake 30k usualx ๐ maybe Iโm too optimistic but it can be ( beside usualx itself getting more valuable )
ionas
It is like 20mln uslualx there and from your words means this 20mln usualx did not get rewards from usualx revenue switch
@Noรฉ we have pendle pool of usualx where peoples invest usualx who get rewards for this usualx in the pendle?
Mava (AI Support)
When a Revenue Switch cycle is completed, the rewards are distributed directly to USUALx stakers. The Revenue Switch ensures that 100% of the monthly protocol revenue is distributed to USUALx stakers. However, the rewards are distributed in $USUAL, not USD0.
Mava AI Betadannnny
When a Revenue Switch cycle completed. How will we get the USD0 rewards?
I saw Usual is looking for a Defi Marketing Lead. I have experience doing a ton of defi marketing specializing in video and content creation, would be happy to chat and see if I could help.
@Noรฉ is there someone specific I should chat with about this?Usual
betweenthelines
I saw Usual is looking for a Defi Marketing Lead. I have experience doing a ton of defi marketing specializing in video and content creation, would be happy to chat and see if I could help. @Noรฉ is there someone specific I should chat with about this?
ionas
It is logical mistake because meaning of yt get all yield
Noรฉ
because it is not, as explained, the Revenue Switch is exclusively available to USUALx tokens held in addresses accessible to end-users
CongQ
love the guy who did this ui example
ionas
@Noรฉ why yt on usual pendle not eligible for rewards?
0xjmslnr
Anyway...
0xjmslnr
Usually everybody is selling at one point, even when you stake sir ๐
ionas
Why yt not eligible? Yt meaning to get all yield and rewards I buy it only to get more yield
Mava (AI Support)
The Revenue Switch is exclusively available to USUALx tokens held in addresses accessible to end-users. This means revenue distribution applies only to non-aggregated positions, such as those not held via Morpho or Pendle.
Mava AI Betaionas
I have usual yt on pendle am I eligible for revenue switch rewards?
BingChilling
yeah whale do bunch of hoop and loop just to get 2% more said no whales ever. whales not trade 24/7 they open huge position and wait
Noรฉ
so
I mean, if they just want to dump they are not interested by the staking in the first place
Noรฉ
even like that, if their plan is to dump anyway, they do it to arb elsewhere, they won't put in that much work for 2% more + cost of opportunity
0xjmslnr
or when USUAL will be available on L2
0xjmslnr
That's why I'm saying "whales" not average Joe
Noรฉ
imho almost nobody will do that
lmeow
that's a lot of work for a month of wait before dumping, just to get 2% more
what the matter u have 1 wallet vs 10 wallet ?
it is epoch based and you get depend how many usualx u have0xjmslnr
let's put it in a different way - let's say you are a whale and you want to exit every month 1% of your original amount if you sell 1% every month for the next 100 months, because you always sell UsualX, it means you won't get any USD0 ever But if you split in 100 wallet, and every month you sell the amount from one wallet. All the others wallets will get USDO
BingChilling
is this vitalik psyops to pay gas to eth overlords ?
Imagine you have 1M USUALx in one wallet, and you want to sell 1%, you are going to loose your whole rewards in the whole amount for a month
If you split in 100 wallet, and sell the amount from one wallet. - you keep 99% of your rewardsfamousfxck
This makes absolutely no sense
Mava (AI Support)
When you stake USUAL into USUALx, it acts like a vault share. This means that your rewards accrue and autocompound, and you can see them when trying to unstake. They do not show up under the classic 'Pending Rewards'. To view your rewards, simulate an unstake: the withdrawal amount will include your rewards (minus a 10% unstaking fee). References: 1
Mava AI Beta0xjmslnr
Imagine you have 1M USUALx in one wallet, and you want to sell 1%, you are going to loose your whole rewards in the whole amount for a month If you split in 100 wallet, and sell the amount from one wallet. - you keep 99% of your rewards
basedscarf
linear rewards everybody. no industial airdrop operations here.
famousfxck
# ๐คใtroubleshooting
Whatโs the advantage of splitting their wallet if APY is overall the same ๐ญ
famousfxck
You donโt get it lmao
what the team will do is unbelievable. 100% of the profits from the protocol will go to the community. That's much better than a buyout or burn.
daavidet
They did not say that they will keep this forever but as long as it is it is obviously great !
Inshallah we donโt hit 50% staked anywhere this year ๐ give me that whole revenue for me onlybasedscarf
if that happens I am demanding usualX money markets for looping via origami kek
Mava (AI Support)
Yes, holding USUALx before the staking reaches 50% makes you eligible for rewards. The rewards are distributed based on your holdings of USUALx, regardless of the total staking percentage.
Mava AI Beta
godwodan
Am I eligible if I hold usualx before usualx staking reaches 50%?
0xjmslnr
whales just need to split in different wallets
Ingham
Bullish af
SatoshiXXX
I will buy it
Ingham
Thats the whole beauty of knowledge
SatoshiXXX
All those fudder can sell their bag
Top tier tokenomics
brudah i will ask mi whale fwen to stake all their usual now
famousfxck
Inshallah we donโt hit 50% staked anywhere this year ๐ give me that whole revenue for me only
Jordan
Wasnt it set for jan 7?
DrvGone
01/07/2025 at 09:09:18 ESTread
Jordan
Is the fee switch live?
famousfxck
I would rather not tbhโฆ I want all the rewards for myself lol
Mr. Lin
very underrated atm
the community could produce some good content on the game theory behind this
i think
famousfxck
They would be wasting money if they did that
Because theyโd be earning 24% APR in USD0 on it
People donโt understand this will make USD0++ whales less likely to sell their USUAL
Top tier team
Mava (AI Support)
The fee switch in the Usual protocol is not a buyback mechanism. Instead, it is a revenue switch mechanism where the DAO accrues treasury from interest earned on USD0 collateral. This treasury, once the revenue switch is activated, will be redirected as dividends to USUALx holders. This ensures that users must stake USUAL to claim economic value when the revenue switch is activated.
Mava AI BetaNoรฉ
@Mava (AI Support) explain the fee switch: is it a buyback mechanism?
Capt ๐
i have read the thread but still confused, any blog/medium for fee switch?
Capt ๐
fee switch = buy back usual?
jaqris
i just realized that I had Pills, and hence just claimed some Usual. I was providing liquidity via the Morpho "MEV Capital Usual USDC" pool. I thought the rewards were incorporated into the Morpho yield, but just found out this wasn't the case and I had a nice airdrop waiting for me. Maybe relevant for others.
more people attracted to fee switch = more rewards shared in usualx lp
its game theory here and there
Mr. Lin
yeah technically thats right
BingChilling
Yess
Mr. Lin
you mean if we start fee switch on feb 1?
BingChilling
so we have 1 month farm LP or not if we get 50% staked
Pascal
How much Usual is currently staked?
Mr. Lin
if you have USUALx LP or YT in pendle it does not count as holding USUALx
just a headsup
Noรฉ
so..
Tufty666
how is USD0++ yield that much higher compared to USD0
yield bro : P
Noรฉ
wdym 'higher'
Noรฉ
What?
Tufty666
how is USD0++ that much higher compared to USD0
famousfxck
Stocks give on average between 2-5% APR dividend per year, some high yield stocks give 4-7% APR.
Mava (AI Support)
USD0++ carries some additional risks compared to USD0. While USD0 is fully backed by US Treasury Bills and offers a stable, secure asset, USD0++ involves locking USD0 for a period of time, which may lead to price volatility due to the lack of a cost-free open arbitrage mechanism for maintaining its peg. However, this risk is mitigated through robust liquidity in the secondary market and early redemption mechanisms. USD0++ also offers yield opportunities, which come with their own set of risks related to market conditions. References: 1,2
Mava AI BetaTufty666
what are the risks of USD0++ compared to USD0
Mava (AI Support)
If all 4 billion USUAL tokens are printed, the protocol will have reached its maximum designed supply. The emission of USUAL is tied to the protocol's revenue and TVL growth, meaning that the tokens are minted based on the protocol's performance. For USD0 stakers, they will continue to benefit from the protocol's growth and revenue generation, as the value of their holdings is tied to the underlying assets and the protocol's success. The staking mechanism is designed to reward long-term holders and align incentives with the protocol's growth.
Mava AI Betadannnny
What happens if all 4B USUAL tokens are printed? What happens to USD0 stakers?
famousfxck
Just already based on all the revenue you get as a USUALx staker
The real value is much higher imo
Like you see in this chat, thereโs a lot of uninformed/ inexperienced traders with a short term mindset.
famousfxck
Flywheel effect
basedscarf
berachain integrations
famousfxck
ETH0, BTC0
Researcher
01/07/2025 at 08:49:33 EST@famousfxck so why value is downgroading now?
famousfxck
USD0 integration on CEX/DEX, pairings
Usual has yet to announce so many stuff, just launched barely 3 weeks ago
SatoshiXXX
Yessss, print it to your mind guyssss
famousfxck
If revenue/TVL goes up -> we receive more
We literally get a share of 5M$ per month minimum
This new mechanism has increased the value of USUAL/USUALx by a lot
Giga bullish
Noรฉ
# ๐งใspeculation
Researcher
01/07/2025 at 08:44:30 ESTFaomusx how you think, value of usual and usualx will grow in future?
Mava (AI Support)
Once the 'Early Redemption' feature is implemented, unstaking USD0++ before the maturity period may require burning some USUAL tokens. However, this feature is not live yet, and currently, there is no penalty for unstaking USD0++. The 'Revenue Switch' is a separate mechanism related to revenue distribution to USUALx stakers and does not directly affect the unstaking process of USD0++. References: 1
Mava AI Beta
leaet
will unstake usd0++ cost extra usual burn after the switch turn on?
famousfxck
Itโs like a car without fuel
famousfxck
You need ETH to sign transactions yeah
Researcher
01/07/2025 at 08:42:25 ESTFamousfxuck told better is hold normal usual than switch to usualx if you dont have ethyrium
Virtus
Thanks for what u cooking bois
ilo00o
Is that 10000 usualX or a vault with a value of
Wait so to the person saying that had 10000
Coopos Janesz
I can track somewhere how many % of usualXs are tied up?
famousfxck
Yโall can argue together ๐๐คทโโ๏ธ
ilo00o
This should be an interesting evolution
famousfxck
Yeah gg Iโm becoming wealthy. Literally donโt care about price whatsoever.
Barely 2 months old and USUALx already printing 5M$ per month in revenue
So much huge stuff coming, revenue will print
ilo00o
Hmm
famousfxck
They canโt fail, literally. Made for perfection.
120%+ APR on a governance token with a disinflationary economic model, with also 20% of the APR paid in a stablecoin.
CapybaraChan
Ok fine.
Noรฉ
we never said "activated January 7th"
you deduce what you want from it
It's teasing
lmeow
No one teased it was going to be activated today lol. We teased the Revenue Switch as a whole, meaning could be the details, could be the activation, could be whatever. That's why it's called teasing
Just to add, people seem to mentally cap the yield with the current revenue in mind. The TVL isnโt even that big yet and it would mean 20% annual real yield. What happens when usual gets incorporated into DeFi properly?
Even if you donโt want to lock your coins, thereโs a very nice upside imo to the token itself so worth holding anywayNoรฉ
# ๐งใspeculation
if the APY increases or decreases, will it also change for me if I have already committed?I was really hoping to see at least 80% of rev distributed and in USD0. But was very much ready for the usual gimmicky โrevenue will be shared via a buy and burn mechanismโ which is the thing that always underwhelms in DeFi projects. Instead, we got 100% of rev share in real yield.
Now somehow many people here are just complaining about everything. The entitlement in crypto is absolutely insane, the way people think they deserve the whole pot for clicking a few buttons right away.
I for one would like to say well done to the team! Looks like a great way to incentivize the users and hopefully USD0 (and USD0++) will get incorporated into the cex and dex rails as the next step toward growth.Noรฉ
love you
antero9236
Just to add, people seem to mentally cap the yield with the current revenue in mind. The TVL isnโt even that big yet and it would mean 20% annual real yield. What happens when usual gets incorporated into DeFi properly? Even if you donโt want to lock your coins, thereโs a very nice upside imo to the token itself so worth holding anyway
Coopos Janesz
if the APY increases or decreases, will it also change for me if I have already committed?
I was really hoping to see at least 80% of rev distributed and in USD0. But was very much ready for the usual gimmicky โrevenue will be shared via a buy and burn mechanismโ which is the thing that always underwhelms in DeFi projects. Instead, we got 100% of rev share in real yield.
Now somehow many people here are just complaining about everything. The entitlement in crypto is absolutely insane, the way people think they deserve the whole pot for clicking a few buttons right away.
I for one would like to say well done to the team! Looks like a great way to incentivize the users and hopefully USD0 (and USD0++) will get incorporated into the cex and dex rails as the next step toward growth.ilo00o
Ion do stuff based on Elonโs tweets๐คฃ
Just feel that if the fees activation is not today when they know its not 50% then dont tease that it will be activated today =/Noรฉ
No one teased it was going to be activated today lol. We teased the Revenue Switch as a whole, meaning could be the details, could be the activation, could be whatever. That's why it's called teasing
ilo00o
Yeh fair enough, Iโll still follow this project closely as Iโm staked anyways haha
CapybaraChan
Haha
Just feel that if the fees activation is not today when they know its not 50% then dont tease that it will be activated today =/Deicide
A little teasing can be the much needed lubrication.
re
I myself put more money into the protocol and didnt sell airdrop but bought tons more and deposited lots too. So I'm just voicing my opinion.Deicide
I think your opinion is healthy. And expressing disappointment can be cathartic. I felt it in my plums after 1.5 drop because my expectation was for more climb before decline.
ilo00o
Yeah I mean thatโs cool and all, but as a lil guy climbing my way up, I got more to learn and more to make before this project truly becomes useful to me
But yeh for short term Iโll probably hop over to meme coins to make a more or smt
Currently there're 504 million USUAL tokens in Circulating supply
Suppose that 50% USUAL tokens are staked, which is 252 millions.
The monthly revenue is $5m
=> the USD0 reward per token would be about 5,000,000 / 252,000,000 = 0.0198
So for each USUAL token staked, I will get 0.0198 USD0
For 1000 USUAL token staked, I will get 19.8 USD0CapybaraChan
I myself put more money into the protocol and didnt sell airdrop but bought tons more and deposited lots too. So I'm just voicing my opinion.
famousfxck
Alhamdullilah for this project, very generous people.
ilo00o
Tbh I wanted a passive income
well...for once I'm not complaining about this part of the project. Im just thinking I have been in USUAL since day 1 of the PILLS Program till today and they have been teasing the Fee Switch thing. But when 7 Jan came suddenly they said it will only be activate if 50% is staked or 1st Feb =/Deicide
I feel ya bro or sis. I just think this is something that only pays off with patience.
famousfxck
Just as USUAL, now value has increased by 0.24$.
I fw this project concept, it is also becoming increasingly more evident that it isnโt worth staking if you donโt have a couple thousand in the projectdannnny
If you want something that will up x1000, you should buy memecoin instead, not staking
famousfxck
Memecoins pump and go to 0$. DeFi projects grow slowly and hold their value.
ilo00o
Hmm
I fw this project concept, it is also becoming increasingly more evident that it isnโt worth staking if you donโt have a couple thousand in the projectfamousfxck
Just like any other DeFi project yeah
ilo00o
I fw this project concept, it is also becoming increasingly more evident that it isnโt worth staking if you donโt have a couple thousand in the project
CapybaraChan
you win dannnny xD
CapybaraChan
lol okay fine
famousfxck
So like 100% APR from just staking USUALx + 24% APR in USD0. Nobody can promise these rates because other projects are greedy. Usual gives us 90% of revenue and 100% of USUALx revenue.
well...for once I'm not complaining about this part of the project. Im just thinking I have been in USUAL since day 1 of the PILLS Program till today and they have been teasing the Fee Switch thing. But when 7 Jan came suddenly they said it will only be activate if 50% is staked or 1st Feb =/dannnny
So that I can have time to make money to buy more USUAL
SOYA
New here, what recent developments?
To add to this. No artifical pumps, no overemphasis and artifical hype.
I think people can't see the potential utility it has.
They want a hawktuah hit and run coin.CapybaraChan
well...for once I'm not complaining about this part of the project. Im just thinking I have been in USUAL since day 1 of the PILLS Program till today and they have been teasing the Fee Switch thing. But when 7 Jan came suddenly they said it will only be activate if 50% is staked or 1st Feb =/
ilo00o
Okay cool
So if you add more usualX after the switch is turned on that months revenue is not available to you. But usualX compounding still is?dannnny
I think so, you have to hold USUALx for the whole period
ilo00o
So if you add more usualX after the switch is turned on that months revenue is not available to you. But usualX compounding still is?
rAiiNbOwZz/Mike
Iโll sell my 70k now first, we gonna go down again and then iโll buyback ๐
I was really hoping to see at least 80% of rev distributed and in USD0. But was very much ready for the usual gimmicky โrevenue will be shared via a buy and burn mechanismโ which is the thing that always underwhelms in DeFi projects. Instead, we got 100% of rev share in real yield.
Now somehow many people here are just complaining about everything. The entitlement in crypto is absolutely insane, the way people think they deserve the whole pot for clicking a few buttons right away.
I for one would like to say well done to the team! Looks like a great way to incentivize the users and hopefully USD0 (and USD0++) will get incorporated into the cex and dex rails as the next step toward growth.dannnny
revenue swtich will add 24% APR
ilo00o
Hmm okay cool
famousfxck
So much stuff incoming, revenue will go to the moon. Plus we can vote what to do with the treasury.
ilo00o
Yearly or monthly?
CapybaraChan
so if I staked 100000 USUAL?
famousfxck
Yeah
ilo00o
Is that monthly or yearly?
Yeah, If you have 10,000 USUAL, you'll get 2400 USD0 yearly
I was really hoping to see at least 80% of rev distributed and in USD0. But was very much ready for the usual gimmicky โrevenue will be shared via a buy and burn mechanismโ which is the thing that always underwhelms in DeFi projects. Instead, we got 100% of rev share in real yield.
Now somehow many people here are just complaining about everything. The entitlement in crypto is absolutely insane, the way people think they deserve the whole pot for clicking a few buttons right away.
I for one would like to say well done to the team! Looks like a great way to incentivize the users and hopefully USD0 (and USD0++) will get incorporated into the cex and dex rails as the next step toward growth.
Esmone
+1
I was really hoping to see at least 80% of rev distributed and in USD0. But was very much ready for the usual gimmicky โrevenue will be shared via a buy and burn mechanismโ which is the thing that always underwhelms in DeFi projects. Instead, we got 100% of rev share in real yield.
Now somehow many people here are just complaining about everything. The entitlement in crypto is absolutely insane, the way people think they deserve the whole pot for clicking a few buttons right away.
I for one would like to say well done to the team! Looks like a great way to incentivize the users and hopefully USD0 (and USD0++) will get incorporated into the cex and dex rails as the next step toward growth.famousfxck
Legendary comment and I fully agree. By just holding USUALx holders for a whole year, they would receive 0.24$ per coin. On top off what we are already earning.
rAiiNbOwZz/Mike
They do not care about usual price as gov token. They care about usd0 etc.
Currently there're 504 million USUAL tokens in Circulating supply
Suppose that 50% USUAL tokens are staked, which is 252 millions.
The monthly revenue is $5m
=> the USD0 reward per token would be about 5,000,000 / 252,000,000 = 0.0198
So for each USUAL token staked, I will get 0.0198 USD0
For 1000 USUAL token staked, I will get 19.8 USD0ilo00o
๐
dannnny
So that I can buy more to stake before Feb 1st
famousfxck
Itโs 34.8% now
CapybaraChan
Im also asking
If this protocol is truly to the community. Why do we need to wait 1month for it to 50% to do the activation =/Deicide
It's been less than a month.
antero9236
I was really hoping to see at least 80% of rev distributed and in USD0. But was very much ready for the usual gimmicky โrevenue will be shared via a buy and burn mechanismโ which is the thing that always underwhelms in DeFi projects. Instead, we got 100% of rev share in real yield. Now somehow many people here are just complaining about everything. The entitlement in crypto is absolutely insane, the way people think they deserve the whole pot for clicking a few buttons right away. I for one would like to say well done to the team! Looks like a great way to incentivize the users and hopefully USD0 (and USD0++) will get incorporated into the cex and dex rails as the next step toward growth.
๐ฅ
16
dannnny
dannnny2584
roginjohn
roginjohn
Esmone
.esmone.
Randomst
randomstr
Farmฮr Froom
farmerfroom
ravished
ravished.
Noรฉ
0xnoe
Proportion
.proportion
Cortina
0xcortina
lirrboroncruiser
lirrboroncruiser
Jimny2024
locnguyen_31
famousfxck
famousfxck
0xFar5eer
0xfar5eer
lightpolar
keithleung7126
Nemo
nemokuv
Deicide
deicide0495
CapybaraChan
shouldnt we rewards early adopters
If this protocol is truly to the community. Why do we need to wait 1month for it to 50% to do the activation =/Mava (AI Support)
The waiting period is part of the protocol's design to ensure accurate and fair distribution of rewards. The $USUAL tokens are distributed daily through a regular epoch system, followed by a one-week verification period. This process allows users to review the distribution's accuracy, ensuring transparency and fairness in the reward system.
Mava AI Betadannnny
Then it will starts by Feb 1st
CapybaraChan
If this protocol is truly to the community. Why do we need to wait 1month for it to 50% to do the activation =/
famousfxck
You can swap on secondary without paying the fee to unstake.
at least someone could still onboard otherwise they'll lose one month dividend if it's activated now and they didn't stake before tomorrowDeicide
Gives time to buy more.
In that instance. Your investment and rewards go to the moon as they say.
Currently there're 504 million USUAL tokens in Circulating supply
Suppose that 50% USUAL tokens are staked, which is 252 millions.
The monthly revenue is $5m
=> the USD0 reward per token would be about 5,000,000 / 252,000,000 = 0.0198
So for each USUAL token staked, I will get 0.0198 USD0
For 1000 USUAL token staked, I will get 19.8 USD0Deicide
If things stay as they are. But things escalate dramatically if the market decides the carpets match the drapes.
CapybaraChan
when will the dashboard to see % staked go live man?
Currently there're 504 million USUAL tokens in Circulating supply
Suppose that 50% USUAL tokens are staked, which is 252 millions.
The monthly revenue is $5m
=> the USD0 reward per token would be about 5,000,000 / 252,000,000 = 0.0198
So for each USUAL token staked, I will get 0.0198 USD0
For 1000 USUAL token staked, I will get 19.8 USD0famousfxck
Much more bro USUALx is more valuable than USUAL
Why did you decide to only activate the switch when hitting 50% staked? Thatโs such a dumb approach lol. It will be february for suredannnny
Currently there're 504 million USUAL tokens in Circulating supply Suppose that 50% USUAL tokens are staked, which is 252 millions. The monthly revenue is $5m => the USD0 reward per token would be about 5,000,000 / 252,000,000 = 0.0198 So for each USUAL token staked, I will get 0.0198 USD0 For 1000 USUAL token staked, I will get 19.8 USD0
So as USUALx holder you get:
- the APY youโre earning know which is like 0.3% daily
- Governance, voting to the treasury which is at 20M$ already.
- a share of minimum 5M$ revenue per month
ned1215
What's the share like?
CapybaraChan
We waited so long for fee activation. I think it should be activated soon instead of 1st Feb =/
famousfxck
We can vote for it soon ๐ฅ
Deicide
One of the goals is to keep the stable coin stable. So far that's been the case.
famousfxck
Insanely bullish
CapybaraChan
I hope this will be put into consideration.
famousfxck
Guaranteed in USD0 stablecoin
In short: this new mechanism has INCREASED the price of USUALx with 0.2-0.24$.
If you hold USUALx for a whole year, you get 0.2-0.24$ minimum per coin. Paid out in USD0 (stablecoin).
You get this on top off what youโre already earning from the APY staking.
Let that sink in.
JhoVendetta
Smth like 8k usd0 from 40k usualX per year, correct?
famousfxck
Thatโs possible with the treasury
CapybaraChan
I think a portion of the fees should be used to buyback USUAL and burned automatically
No signs of this veUSUAL.x you're yapping about
it even says the revenue is for USUAL.x held on your walletDeicide
There's two reward pools with different configurations. Depending on what you choose to stake. If you stake Usualx , you will get rewards in usd0 after fee switch. If you stake usd0, you get rewards in usual. Like now. Oroborous.
CapybaraChan
I think why not just activate the revenue switch now?
rAiiNbOwZz/Mike
Why did you decide to only activate the switch when hitting 50% staked? Thatโs such a dumb approach lol. It will be february for sure
Mava (AI Support)
The Usual dashboard is live. You can access it to view your rewards and other information related to your positions. If you are unable to see it, please ensure you are visiting the correct URL and that your browser is up to date.
Mava AI BetaIngham
Yes
CapybaraChan
Hi, Is there any platform where I can see how many % of USUAL is being staked?
Game theory only says "cooperate and be punished once if you misbehave, but not overpunished and we will cooperate again right after you get punished"
why everyone pulling the game theory when the architectures are clearly skewed on pretty much every example?
hell0men
Considering that there is no hard locks, we can count whis behavior like a reward )
famousfxck
I donโt have a big bag, but this is huge to me
And if you think this isnโt massive news, then your bag is either too small or you have reading issues.
hell0men
So need a clarification about Pendle USUALx holders )
famousfxck
And if you think this isnโt massive news, then your bag is either too small or you have reading issues.
So as USUALx holder you get:
- the APY youโre earning know which is like 0.3% daily
- Governance, voting to the treasury which is at 20M$ already.
- a share of minimum 5M$ revenue per monthGrpprofesional
That's what I'm saying, that is what I can interpret from the information available
famousfxck
So as USUALx holder you get: - the APY youโre earning know which is like 0.3% daily - Governance, voting to the treasury which is at 20M$ already. - a share of minimum 5M$ revenue per month
Grpprofesional
But USUAL.x is already a staked token vePENDLE is staked PENDLE veBAL is staked LP from official BAL/WETH pool
0xjmslnr
Key of this project is USD0 TVL to skyrock quickly, how? I have no idea ๐คทโโ๏ธ
The value of the coin has increased, Iโm not talking about prices. The real value of the coin has been increased.0xjmslnr
yeah but there is more created everyday as well
famousfxck
The value of the coin has increased, Iโm not talking about prices. The real value of the coin has been increased.
Grpprofesional
Where does it say that? I'm genuinely asking you, not trolling
Ingham
Have a nice hub page for usualx stakers to see all of these sexy data in 1 page
I thought it should be daily so the fudders who can't understand tokenomics immediately see the reward tomorrow and shut upIngham
I mean you can make it as a UI/visual thing where it shows theoretical daily accrued โdividendโ
famousfxck
Yeah if your bag is 500$ lmfao
No signs of this veUSUAL.x you're yapping about
it even says the revenue is for USUAL.x held on your walletfamousfxck
They will introduce a token similar to that
In short: this new mechanism has INCREASED the price of USUALx with 0.2-0.24$.
If you hold USUALx for a whole year, you get 0.2-0.24$ minimum per coin. Paid out in USD0 (stablecoin).
You get this on top off what youโre already earning from the APY staking.
Let that sink in.0xjmslnr
yes, but it's crypto, you can make that in 5mn sir ๐
Grpprofesional
No signs of this veUSUAL.x you're yapping about it even says the revenue is for USUAL.x held on your wallet
famousfxck
In short: this new mechanism has INCREASED the price of USUALx with 0.2-0.24$. If you hold USUALx for a whole year, you get 0.2-0.24$ minimum per coin. Paid out in USD0 (stablecoin). You get this on top off what youโre already earning from the APY staking. Let that sink in.
Noรฉ
x)
i'm gonna kms
`
This initial rollout is just the beginning. The โRevenue Switchโ is an alpha version, paving the way for an advanced staking and revenue-sharing system. Usual is actively developing an innovative veModel-like that will enhance governance and staking utility, pushing DeFi boundaries even further.
do we have some timeline/roadmap about that?Noรฉ
Bro it was released not even an hour ago
0xjmslnr
` This initial rollout is just the beginning. The โRevenue Switchโ is an alpha version, paving the way for an advanced staking and revenue-sharing system. Usual is actively developing an innovative veModel-like that will enhance governance and staking utility, pushing DeFi boundaries even further. do we have some timeline/roadmap about that?
Saar sorry saar i still don't get it saar
don't waste time on explaining it to me tho, will find out later on my own.famousfxck
People really need to learn how to read
Grpprofesional
Saar sorry saar i still don't get it saar don't waste time on explaining it to me tho, will find out later on my own.
On_a_mission๐๐
So, when will USDO be listed on major exchanges like Binance
LN123321
why do we need 50% tokens for staking ???
Proportion
36,74% on dune is misleading? What will happen to 20m revenue that already accrued ?
Grpprofesional
Ok just bc you usually drop facts, I'll give it a read again
Game theory only says "cooperate and be punished once if you misbehave, but not overpunished and we will cooperate again right after you get punished"
why everyone pulling the game theory when the architectures are clearly skewed on pretty much every example?Noรฉ
Sir, I'm talking about doing the monthly distribution (epochs) and not daily
If distribution was daily there would be no Game Theory behind the mechanism, it would be kind of uselessGrpprofesional
Game theory only says "cooperate and be punished once if you misbehave, but not overpunished and we will cooperate again right after you get punished" why everyone pulling the game theory when the architectures are clearly skewed on pretty much every example?
why need more than 50% usual to be staked, it is nearly impossible... so we need to wait for one more month? even 50% is reached, the APR is not enough as well.Mava (AI Support)
The requirement for more than 50% of USUAL to be staked is likely a mechanism to ensure network security and stability. Achieving this threshold can activate certain features or rewards. If the APR is not sufficient, it might be due to market conditions or the current staking participation. It's important to monitor the APY and APR forecasts to make informed decisions.
Mava AI Betalirrboroncruiser
I know, but now it's harder for the market to realize what it means, good news anyway
Einzig
why need more than 50% usual to be staked, it is nearly impossible... so we need to wait for one more month? even 50% is reached, the APR is not enough as well.
wolf-fighter
"usual has amission to reclaim value" continues to dumb tons of coins and generated millions more while the value of usually continues to drop gj
No voting mechanism yet, those things are to vote for faucets and then get rewards on said poolsfamousfxck
Yesโฆ. ๐
Grpprofesional
No voting mechanism yet, those things are to vote for faucets and then get rewards on said pools
Aurelou
Don't worry they were other Usual token that fortunately never exist (Rip UsualpX)
I thought it should be daily so the fudders who can't understand tokenomics immediately see the reward tomorrow and shut upfamousfxck
Your rewards will accrue in real time but you need to hold monthly
I thought it should be daily so the fudders who can't understand tokenomics immediately see the reward tomorrow and shut upNoรฉ
If distribution was daily there would be no Game Theory behind the mechanism, it would be kind of useless
lirrboroncruiser
I thought it should be daily so the fudders who can't understand tokenomics immediately see the reward tomorrow and shut up
famousfxck
Just like vePendle or veCurve, itโs normal
Coopos Janesz
if im not stake i just lose bro
Grpprofesional
Oh you need to restake your already staked USUAL.x? that's bs absolute bs
famousfxck
Yeahโฆ lmfao I think people really need to understand English
famousfxck
Just give me your wallet
Coopos Janesz
this thread was the big jan 7 update? xd
Noรฉ
that's craaaazy
famousfxck
USUALx staked for the mechanisme -> veUSUALx
Aurelou
You give people your hand ofc they want your arm
mir
what % of usual tokens are staked as USUALx so far?
dv
So it's effectively redistributed to usualx holders when the fee switch turns on ?
yeah I think a snapshot should have been taken Jan 1st, and use the treasury to airdrop some USD0 on Feb 1st for long term holders ๐คNoรฉ
lmeow
0xjmslnr
yeah I think a snapshot should have been taken Jan 1st, and use the treasury to airdrop some USD0 on Feb 1st for long term holders ๐ค
Because you could claim your rewards. Go to Usual and stake it for veUSUAL to get that revenue for the mechanism.Grpprofesional
What do you mean veUSUAL?
I was not aware of them doing it "behind your backs" tho.
but yea their "unstaking at issuer website" move is completely scumbag moveNoรฉ
Well yeah, I'm not pointing the finger at them because they also had to seize that opportunity, that's normal. But the tech could've been more thought about, definitely
dv
What happens with the revenue gathered before the fee switch ?
Mava (AI Support)
You can check the number of Usualx in circulation and its staking percentage on platforms like DeBank, which provides detailed information about your holdings and staking activities.
Mava AI Beta
Aerovall
yeah you totally didnt get YT mechanic ๐ , when you say that not letting pendle have it's pie for the real yield is advantageous haha
Well, to be fair Pendle created the USUALx pool without waiting for our tech + their architecture on that pool is a bit special because of the unstaking feeGrpprofesional
I was not aware of them doing it "behind your backs" tho. but yea their "unstaking at issuer website" move is completely scumbag move
lightpolar
where can i see the number of Usualx in circulation and its staking percentage?
So no rewards for people staking before January for this month, unless it gets activated before February 1st by reaching 50%Mava (AI Support)
Yes, that's correct. The Revenue Switch activates when more than 50% of USUAL tokens are staked as USUALx. If this threshold isn't met, the switch will automatically go live on February 1, 2025. Until then, rewards distribution is contingent on meeting the staking threshold.
Mava AI Betai0sm3
So no rewards for people staking before January for this month, unless it gets activated before February 1st by reaching 50%
Anyway USUALx has increased in value so it should be advantageous for YT farmers
that isn't the point bro usualX should have been accrueing real yield as well since its usualXfamousfxck
Not really bro Pendle is just trading yield, thatโs it
Grpprofesional
1 PEPEcoin and we are good
Aerovall
that isn't the point bro usualX should have been accrueing real yield as well since its usualX
famousfxck
You donโt need to wait until maturity lol
Because you could claim your rewards. Go to Usual and stake it for veUSUAL to get that revenue for the mechanism.
But this is definitely not disadvantageous for Pendle YT farmers
dannnny
24% APR in Cash, then you can use those USD0 to stake to get even more USUAL
Noรฉ
lmfao
no ser check blog and noe said as well it isn't, you will only get usualX yield not the real yield partfamousfxck
Yeah I know you get USUALx yield, thatโs what Iโm saying. But you could claim your rewards from YT in the meantime and stake it on Usual for veUSUAL.
Aurelou
If some people want to sell some Usual X token I would happy to do a OTC buy deal ๐คฃ
lirrboroncruiser
around 24% if usualx doesn't increase too much
famousfxck
PT always never have yield, you basically give up rewards for fixed yields
Noรฉ
35% of USUAL are staked rn
Aerovall
no ser check blog and noe said as well it isn't, you will only get usualX yield not the real yield part
famousfxck
However you could farm YT, claim your rewards in the meantime. And stake it for veUSUAL.
But donโt enjoy the advantage of the mechanism
famousfxck
Nah YT and LP does have yield
Aerovall
killed usualX pool at pendle ๐ , since both PT and YT doesnt have real yield
Mava (AI Support)
Usual distributes 100% of its protocol revenues to the treasury, and 90% of these revenues are distributed to the community via governance tokens. The exact APR added with the revenue share can vary based on the Total Value Locked (TVL) and protocol revenues. The projected APY for USUALx stakers is expected to increase as TVL and protocol revenues grow. References: 1
Mava AI BetaI think many people still donโt understand this mechanism
Noรฉ
they had to jump on the opportunity
Ingham
Coz that bypasses the 10% unstake fee
Aerovall
technically those yt usualX holders are usualX as well lol
Noรฉ
naaaaah
Ingham
Weโre actually incentivized to kill the usualx-usual lp imo
dannnny
Fxck pendle then
Aerovall
yikes dirty
Noรฉ
soooo
Hey mate, remember what I originally replied to this message of yours?
guess who was right lmao lmao lmao they did do exactly what I said they were doing:
I know how it works but also know that usual is dumb and does things counter intuitive, so they might just track your wallet holdings rather than whatever the Pendle Smart contract does, as well as Pendle being some times scumbags and maybe they just whistle softly and do nothing about it.Noรฉ
Well, to be fair Pendle created the USUALx pool without waiting for our tech + their architecture on that pool is a bit special because of the unstaking fee
Hey mate, remember what I originally replied to this message of yours?
guess who was right lmao lmao lmao they did do exactly what I said they were doing:
I know how it works but also know that usual is dumb and does things counter intuitive, so they might just track your wallet holdings rather than whatever the Pendle Smart contract does, as well as Pendle being some times scumbags and maybe they just whistle softly and do nothing about it.Ingham
Wow congrats bro let me send u 1 btc as an apology
for the revenue switch, it says (once started) the epoch begins in the beginning of the month and ends on the last day, so if i transfer my usualx tokens to another wallet during this period, such action would void the reward eligibility also?Mava (AI Support)
Yes, transferring your USUALx tokens to another wallet during the revenue switch epoch could void your reward eligibility for that period. The rewards are typically distributed based on the tokens held in a wallet at the end of the epoch.
Mava AI Betalightpolar
for the revenue switch, it says (once started) the epoch begins in the beginning of the month and ends on the last day, so if i transfer my usualx tokens to another wallet during this period, such action would void the reward eligibility also?
Ingham
I thought the docs said itโs 33% rev share but apparently its 100% moontime
Grpprofesional
Hey mate, remember what I originally replied to this message of yours? guess who was right lmao lmao lmao they did do exactly what I said they were doing: I know how it works but also know that usual is dumb and does things counter intuitive, so they might just track your wallet holdings rather than whatever the Pendle Smart contract does, as well as Pendle being some times scumbags and maybe they just whistle softly and do nothing about it.
It would be appreciated if they put information for kindergarten children modes that here there are people who have no knowledge of reading and invent a thousand stories ๐คฃ๐คฃ๐คฃ.lirrboroncruiser
that's why i thought daily distribute is better idea, it's simple to show the reward rn
Aerovall
anyways already cut mine to at breakeven currently, it would be bloodbath for those late exits in YT
Mava (AI Support)
The Revenue Switch activates when more than 50% of USUAL tokens are staked as USUALx. If this threshold isn't met, it will automatically go live on February 1, 2025. Please check the current staking percentage to determine if the switch is active.
Mava AI Betafamousfxck
Nobody @Noรฉ
Aerovall
yeah since usualX YT would only incur losses now since more usualX staker = less APY for the YT pool but they are excluded from real yield which didnt rebalance that part
CryCasher
is revenue switch on right now ?
famousfxck
Massive bullish
Yt:Anteiku980
It would be appreciated if they put information for kindergarten children modes that here there are people who have no knowledge of reading and invent a thousand stories ๐คฃ๐คฃ๐คฃ.
lirrboroncruiser
will usual* holders also get this reward?
Proportion
famousfxck
Treasury could go up to 50M$ and we could vote to get a share of that
Grpprofesional
Yea I said this like an hour ago.
Mava (AI Support)
You can view the projected monthly revenue for Usual, which is approximately $5 million, as part of the key performance indicators. This information is typically available in the documentation or reports provided by Usual.
Mava AI Beta0xjmslnr
or with ETH0 / BTC0, find a way for USUALx holders to get some ETH0 / BTC0 rewards too
dannnny
Where could I see monthly revenue?
+ USUALx you get access to treasury vote as well - so community could bring this amounnt even higher via investement, and redistribute it to USUALx holders for exemplefamousfxck
Yep so even HIGHER revenue
Fernando Bu
01/07/2025 at 07:40:25 ESTWhen ETHO
0xjmslnr
+ USUALx you get access to treasury vote as well - so community could bring this amounnt even higher via investement, and redistribute it to USUALx holders for exemple
Noรฉ
technically it isn't locked rn
famousfxck
If TVL or revenue increases we get more
Btw this 5m$ revenue per month is minimum, because USD0++ is locked for 4 years
dannnny
I will sell my house to stake USUALx now
Dang, that's inifinite money glitch
Noรฉ
:)
Noรฉ
just wait for direct USUAL markets
famousfxck
Plus 24%+ atleast in cash USD0
0xjmslnr
and then you can loop, to lock your USD0 to USD0++ in order to get USUAL rewards
famousfxck
So youโre already earning like 100%+ APR
famousfxck
Yeah insane
dannnny
Not to mention the revenue could increase
So if you have 10,000 USUALx you will get 200-250$ per month. On top of what youโre already earning from staking USUALx.dannnny
That would be 24% APR added, in CASH. wow
Noรฉ
lmeow
HubristicFarmer
that converts to 44% usual yield
Aerovall
I get morpho doesnt get real yield since its USD0 vault not usualX
HubristicFarmer
I mean on the ~5% that Usual is earning on the usd deposited
Noรฉ
You'll always have to arb
HubristicFarmer
not on usual
Noรฉ
>44% conservatively
famousfxck
So if you have 10,000 USUALx you will get 200-250$ per month. On top of what youโre already earning from staking USUALx.
arethere any plans in the work to earn more than tradfi yield with usual? Fee switch at ~44% is obviously pretty good but there are clearly ways to conservatively earn 2x the yieldMava (AI Support)
Usual's model is designed to outperform the native risk-free yield of the underlying asset by providing exposure to both yield and growth. The protocol's Alpha Yield includes an additional token with its own volatility and pricing, ensuring better rates than the assetโs yield alone. Usual aims to offer significantly better rates through innovative financial engineering. Reference: 1
Mava AI BetaNoรฉ
what lmfao
HubristicFarmer
arethere any plans in the work to earn more than tradfi yield with usual? Fee switch at ~44% is obviously pretty good but there are clearly ways to conservatively earn 2x the yield
Currently there're 504 million USUAL tokens in Circulating supply
Suppose that 50% USUAL tokens are staked, which is 252 millions.
The monthly revenue is $5m
=> the USD0 reward per token would be about 5,000,000 / 252,000,000 = 0.0198
So for each USUAL token staked, I will get 0.0198 USD0
For 1000 USUAL token staked, I will get 19.8 USD0
Is this calculation somewhat correct?famousfxck
Yep itโs between 0.02$ and 0.02 five $ per coin per month.
Lord Punterino
was referring to announcement, which made it official
Proportion
Wait for another month
Lord Punterino
Feeswitch time
Gmusual
dannnny
Currently there're 504 million USUAL tokens in Circulating supply Suppose that 50% USUAL tokens are staked, which is 252 millions. The monthly revenue is $5m => the USD0 reward per token would be about 5,000,000 / 252,000,000 = 0.0198 So for each USUAL token staked, I will get 0.0198 USD0 For 1000 USUAL token staked, I will get 19.8 USD0 Is this calculation somewhat correct?
Ivse2
Hi
Mava (AI Support)
The $20M+ in diversified revenue that has been accrued belongs to USUAL holders. This revenue is tied to the protocol's ecosystem, including fees and real-world asset (RWA) yields backing USD0 and USD0++. The Revenue Switch mechanism will distribute 100% of monthly protocol revenue directly to USUALx stakers, ensuring that the accrued revenue benefits the holders.
Mava AI BetaProportion
What will happen with 20m that already accrued?
Noรฉ
yes that's true because DMs are disabled on the server
Grpprofesional
Bot saying I gotta add as friend first is this true? I don't want to be a nuisance
Coz the way this reads to me, is that you lose out on 1 month. Coz you get your rewards at end of m1, swap and stake in m2, and only get the rewards in m3Noรฉ
fwd'd
Mava (AI Support)
If you are concerned about meeting vesting requirements, it's important to note that PT won't be accounted for vesting requirements. Consider your investment goals and whether you want to maintain your position based on this information.
Mava AI BetaIngham
So either you get a rollover function for the claiming, or you have a โblackout windowโ where people can claim and stake
Hainv
Should i close the PT Usualx position in Pendle guys?
Ingham
Coz the way this reads to me, is that you lose out on 1 month. Coz you get your rewards at end of m1, swap and stake in m2, and only get the rewards in m3
Hey @Noรฉ can I PM you?
I have a question that is a bit convoluted and might be a bit offtopic
or if I can PM anyone else from the team, pls let me know
Grpprofesional
Hey @Noรฉ can I PM you? I have a question that is a bit convoluted and might be a bit offtopic or if I can PM anyone else from the team, pls let me know
famousfxck
I was calculating 24% per year
plus a lot of people will change their USUALx position during the epoch and forfeit their rewards to othersIngham
You should have a roll-over function for people who want to rollover their usd0 rewards into usualx for next epoch
famousfxck
Holy fk I forgot about this
In reality not all usualx tokens will get the revenue switch coz the usualx inside pendle lp and any other vaults will not get itIngham
Which means the pure usualx hardcore stakers actually get a bigger share of the pie
In reality not all usualx tokens will get the revenue switch coz the usualx inside pendle lp and any other vaults will not get it
avalongarden
activation will happen soon
Noรฉ
live query: https://dune.com/queries/4532780/7566735
avalongarden
34% of USUAL tokens are staked
Noรฉ
> More intuitive mechanisms to lock the USUALx will be available in the next few weeks.
Ingham
veANYTHING really. Time weighted to incentivize longer termers
famousfxck
Oh like vePendle? ๐
Ingham
Clearly i dont read ๐
Noรฉ
That's hinted in the article sir
Ingham
Imo what weโre missing is a veCURVE like long term lock feature
0xconvergence
They said fee switch is 7th January i.e today
0xjmslnr
so until Feb, it keeps going to treasury?
0xjmslnr
you would get your rewards March, 1
so I guess the team knows that 50% is not doable in 3 weeks, because in that case why not activate it now ๐ - knowing that you have to wait a month to get anything, so nothing before March ๐
@Noรฉ is the rev switch apr taking into consideration only eligible usualx? Meaning the usualx held inside LP or pendle or morpho wont qualifyIngham
@Noรฉ would you know?
BDx_0
Awesome!๐ฅ
so I guess the team knows that 50% is not doable in 3 weeks, because in that case why not activate it now ๐ - knowing that you have to wait a month to get anything, so nothing before March ๐
famousfxck
February..
Aerovall
that would be weird since the yield of YT usualX is in usualX as well
Noรฉ
Yes
Noรฉ
The Revenue Switch is exclusively available to USUALx tokens held in addresses accessible to end-users. This means revenue distribution applies only to non-aggregated positionsโfor example, not via Morpho or Pendle.
0xjmslnr
so I guess the team knows that 50% is not doable in 3 weeks, because in that case why not activate it now ๐ - knowing that you have to wait a month to get anything, so nothing before March ๐
If you stake USUAL into USUALx you get two yields:
- One in USUAL, auto compounded into USUALx (as it acts as a vault share). This is based on your vault share at any moment.
- One in USD0, thanks to the revenue-switch. If you sell/withdraw part of your USUALx during the month (the epoch), you get zero USD0 at the end of that month. The USD0 rewards are forfeited for those who held all their USUALx during the month.BDx_0
What happens to the forfeited USD0? Redistributed to the other stakers?
famousfxck
?? It literally increases the value of the token, Iโm not talking price related.
famousfxck
We get USD0 for staking
Aerovall
UsualX YT isn't included in real yield?
Grpprofesional
Not really because you have parallel market as well as direct staking market at usual
Deicide
"the switch will automatically go live on February 1, 2025 UTC+0."
"The epoch begins at the start of the month (UTC+0) and ends on the last day"
So we will see some rewards by March 1, 2025?dannnny
"the switch will automatically go live on February 1, 2025 UTC+0." "The epoch begins at the start of the month (UTC+0) and ends on the last day" So we will see some rewards by March 1, 2025?
Grpprofesional
Marked offer/demand baby
Deicide
I get the USUAL symbol now.
Mava (AI Support)
The rewards for the revenue switch start to accumulate one day after the activation of the switch. This can occur either when more than 50% of USUAL tokens are staked as USUALx or automatically on February 1, 2025, if the threshold isn't met.
Mava AI Betayoudi
When the rewards for revenue switch start to accumulate ? Upon Activation ?
famousfxck
And it will keep increasing if TVL goes up
Ingham
@Noรฉ is the rev switch apr taking into consideration only eligible usualx? Meaning the usualx held inside LP or pendle or morpho wont qualify
So staking USD0++ get USUAL, then use those USUAL to stake USUALx, then we get USD0 in return. Wow infinite money cycle ๐BingChilling
Yes future of finance. Back by treasury bill.
Noรฉ
It's not a time weighted average, unlike USD0++ related rewards
So just to be sure, if you have a wallet with let's say 1000 USUALx and half the month you sell 100 USUALx - are you getting rewards on the 900 USUALx or you getiing 0 rewards for the month?Noรฉ
If you stake USUAL into USUALx you get two yields: - One in USUAL, auto compounded into USUALx (as it acts as a vault share). This is based on your vault share at any moment. - One in USD0, thanks to the revenue-switch. If you sell/withdraw part of your USUALx during the month (the epoch), you get zero USD0 at the end of that month. The USD0 rewards are forfeited for those who held all their USUALx during the month.
Ingham
Where to check what is the tvl of usualx?
0xjmslnr
USD0
Iam18
When we get reward? Today?
AmIWhaleDeveloper
Pendle Usualx YT holders will get USD0 also?
0xjmslnr
4. Game Rules - Rewards are only for users holding USUALx throughout the monthly epoch. Move your tokens mid-epoch? Your rewards go to those who stay. - Epoch begins at the 1st of each month and ends on the last day (UTC+0). USUALx is for serious players only.
dannnny
So staking USD0++ get USUAL, then use those USUAL to stake USUALx, then we get USD0 in return. Wow infinite money cycle ๐
So just to be sure, if you have a wallet with let's say 1000 USUALx and half the month you sell 100 USUALx - are you getting rewards on the 900 USUALx or you getiing 0 rewards for the month?Noรฉ
You're talking about USUAL rewards or USD0
Noรฉ
With the revenue-switch, yes
0xjmslnr
So just to be sure, if you have a wallet with let's say 1000 USUALx and half the month you sell 100 USUALx - are you getting rewards on the 900 USUALx or you getiing 0 rewards for the month?
zxcasd2912
Next target $17
famousfxck
Yes
dannnny
Usualx stakers will get USD0 ?
0xrein7
Hu
famousfxck
https://x.com/usualmoney/status/1876599232867848552?s=46
Usual has a mission: reclaiming value monopolized by stablecoin giants and redistributing it back to the community\. The Revenue Switch is your chance to get in on the action\. Itโs time for USUALx to shine\. Hereโs how it works ๐งต๐
 on X_.ce133381-6334-4cf5-aa75-894a0efd444f.jpeg)
 on X_.8a1a568d-8edf-446e-bacf-520173d7f426.png)
Twitter โข 01/07/2025 06:58:17 EST
Honest to Allah, God Yahweh and every other god that ever existed:
quit using other wallets and migrate to Rabby
it will solve the problem you are facing right now, plus it will have so many more features than most other wallets in existence.
it is a game changer.Ingham
My biggest issue with rabby is it cant open several tabs like the fox
Grpprofesional
No I was basically saying I hope they do so our USUAL.x yield goes up.
0xconvergence
Something wrong with this question lol
unknown l
that's definitely a scam
no i did not, can send to trust wallet, but maybe there is another solution so i dont pay more fees to trasfer thereGrpprofesional
Honest to Allah, God Yahweh and every other god that ever existed: quit using other wallets and migrate to Rabby it will solve the problem you are facing right now, plus it will have so many more features than most other wallets in existence. it is a game changer.
Deicide
Like deposit deductible
It would be cool if there was more linear way to pay gas.
no i did not, can send to trust wallet, but maybe there is another solution so i dont pay more fees to trasfer there0xconvergence
Is today the start of the fee distribution?
Grpprofesional
I know how it works but also know that usual is dumb and does things counter intuitive, so they might just track your wallet holdings rather than whatever the Pendle Smart contract does, as well as Pendle being some times scumbags and maybe they just whistle softly and do nothing about it.
Ingham
Thats how pendle YT works bro
Grpprofesional
How do you know bro?
Grpprofesional
This makes no sense @Mava (AI Support)
Mava (AI Support)
The revenue switch compensation is related to staking USUAL into USUALx. If you have USUALx YT of Pendle, you will need to claim rewards on Pendle directly. The revenue switch might not directly apply to your situation unless you are staking USUAL into USUALx.
Mava AI Betagodwodan
@Mava (AI Support) I have usualx yt of pendle. Do I also get revenue switch compensation?
Grpprofesional
It's an extensive money value economics lesson to explain why but the overall price of USUAL should be aimed at 1 quid for the time being, cosidering the original price was 0.5 afaik the intention of usual.money seems to be for most the USUAL in the market to be staked but I could be wrong on the later.
๐คฆโโ๏ธ
2
Olivier-c.eth
olivierc.eth
Yi Long Max
yi_long_max
Mava (AI Support)
It's possible that these emails could be spam or phishing attempts. Be cautious with emails that contain links, especially if you weren't expecting them. Verify the sender's email address and avoid clicking on any links or providing personal information. If you're unsure, you can contact Usual's support team directly to confirm the legitimacy of the emails.
Mava AI Beta
raggawizard
I keep getting emails with links to a clamming portal. Is this spam
Grpprofesional
@Noรฉ when SILO/COMPOUND/AAVE/MORPHO/other money markets USUAL and USUAL.x pools? I want to make a leveraged long for usual.x borrowing USUAL or even USD0++!!
Tbh i see an opportunity shorting it but i also know the minute i open my short the token is going to pump 10x soโฆ no thanksunknown l
please short, ty for your service
Einzig
sir when official announcement about USUALx's fee switch
FlAmEnInJa
Sorry for asking as I was not updated about this
Noรฉ
For the 500th time: Galxe claim should be up and running this month
cryptolord
I'm still keeping my $Usual waiting for the rainy days
FlAmEnInJa
@Noรฉ Sir what happened to the form we filled?
Aurelou
Will be able to claim at anytime.
Can be claimed anytime?
tak19268
Reward from beraUSD0++ is USUAL and can be claimed every day?
dur
what time will the fee switch update go live?
Nn6
Yes but more YT
famousfxck
Yep
FlAmEnInJa
But in YT the assets are burnt until maturity isn't it?
FlAmEnInJa
Ok
famousfxck
True
ultralisk3669
YT especially if market hasnโt priced in fee switch. Nfa
famousfxck
Both are great ๐
FlAmEnInJa
According to you which one is better?
famousfxck
PT = fixed yield LP= fixed + variable yield
In
Depend on you
famousfxck
Depends on what you want
FlAmEnInJa
@Noรฉ
Mava (AI Support)
The rate between USUAL and USUALx is not a direct 1:1 conversion because USUALx acts like a vault-share. This means it represents your proportional share of the rewards within the vault. The conversion rate reflects this share rather than a fixed exchange rate.
Mava AI Betageneralmasango
How is the rate between Usual and Usualx calculated
In
Is the switch on? I think it said something changed.
FlAmEnInJa
Sir According to you which one is the best - LP USUALx or PT USUALx?
Ingham
Never bet against the MM
Tbh i see an opportunity shorting it but i also know the minute i open my short the token is going to pump 10x soโฆ no thanks
Zugor
Plz short bro, I m waiting for the pump ๐ญ
Tbh i see an opportunity shorting it but i also know the minute i open my short the token is going to pump 10x soโฆ no thanksNoรฉ
MM is watching you
Ingham
Tbh i see an opportunity shorting it but i also know the minute i open my short the token is going to pump 10x soโฆ no thanks
Noรฉ
thx
kamerin29
Short it man, do you have the balls?
Zugor
Yeh, If that's what you think, go short 50x bro
BingChilling
price still $0.9 cmon man u need to fud more make it 0.8 it's getting pathetic
lirrboroncruiser
u are right, that's why we need revenue switch on
Aerovall
short it bro free money for u
Ingham
@Noรฉ another fud farm
kill
When will the news of usual be released?
Fighting For My Life
Can we still f ill fo rm for Ga lxe
Mava (AI Support)
Rewards for USD0++ can be claimed daily, but there is a 7-day period before they can be claimed. For USUALx, rewards auto-compound and can be seen when you try to unstake.
Mava AI Beta
MisterZed
When can rewards be claimed and how often @Mava (AI Support)
Klinta
Alright boss, thanks ๐๐ผ
โข Going for the amount displayed on โMinimum receivedโ is sometimes wrong I believe since the unstakeing fee is not included.
This however does not give an answer to my question about which source is most reliable ๐Noรฉ
Minimum Received always includes the unstaking fee sir
You can:
- check the "Minimum Received" when simulating an unstake on Usual - this is the right, final amount, all fees deduced
- check the amount before fees on Debank, because the "Amount before unstaking fees" on Usual is bugged rnKlinta
โข Going for the amount displayed on โMinimum receivedโ is sometimes wrong I believe since the unstakeing fee is not included. This however does not give an answer to my question about which source is most reliable ๐
Klinta
Ye, good detail to add
Whatโs more accurate when checking staking rewards? Usual earn - 10% or DeBank - 10%?. The results diff approximately 5-6% from the two (DeBank being higher)Noรฉ
For USUALx ?
Klinta
Whatโs more accurate when checking staking rewards? Usual earn - 10% or DeBank - 10%?. The results diff approximately 5-6% from the two (DeBank being higher)
Ronaldinho777
Where are you from my friend
The Southerner
Rumors and fake news spreading bots are getting some rest. I can remove the mask ๐ท to breathe some fresh air. It is 17:00 in most of Asia and it is the end of work .
SatoshiXXX
Wen revenue switch guys
Bercianos
Today is that day ? ๐ค๐ช
godwodan
@Mava (AI Support) I have usualx yt of pendle. Do I also get revenue switch compensation?
@Mava (AI Support) I have usualx yt of pendle. Do I also get commission switch compensation?godwodan
@Mava (AI Support) I have usualx yt of pendle. Do I also get commission switch compensation?
famousfxck
Staking? What would you like to know?
godwodan
I have usualx yt of pendle. Do I also get commission switch compensation?
Tuแบฅn Nam
Does anyone know about stakes?
Noรฉ
nah you're muted, it's literally in the pinned message + written as a pop up each time you try to send "galxe" in the chat
famousfxck
How many XP do you have?
Ohhh idk man
Beast Slayer
where is ourG-A-L-X-E reward i was submitted my arbitrum address
famousfxck
No idea what youโre talking about, best to ask Mava bot
Beast Slayer
arbitrum reward
famousfxck
?? What does this mean
kamerin29
Jeez, so much of engineered FUD in this chat.
Beast Slayer
@Aurelou
Aurelou
For real personnaly no it's used because I wrote the smart contract but yeah otherwise just checked the documentation and Treasury address
Beast Slayer
daily check in reward wen/
Even if it's Pendle LP, do I get the commission share? I need confirmation from the team, not the bot.famousfxck
Best to ask in Pendle discord
In
Even if it's Pendle LP, do I get the commission share? I need confirmation from the team, not the bot.
Mava (AI Support)
No, you won't have more USUALx over time. USUALx acts like a vault share, meaning its amount remains constant. However, the value of your USUALx increases, allowing you to withdraw more USUAL when you decide to unstake. References: 1
Mava AI Beta
Nanobro
if i have usualx, do i have more usualx as time passed?
Mava (AI Support)
When the USUALx Principal Token (PT) ends, you will be able to withdraw more USUAL with the same amount of USUALx. You won't receive more USUALx, but the value of USUAL you can withdraw increases.
Mava AI BetaNanobro
what do we get when usualx PT end? usualx or usual?
Maliccc
@Noรฉ bro the news is out or not yet sorry I missed it
Proportion
Will the vote for rev share go live today?
hi, I've been betting my usualx in the app for three days but I don't see any rewardNoรฉ
# ๐คใtroubleshooting
hi, I've been betting my usualx in the app for three days but I don't see any rewardMava (AI Support)
Hi! When you stake USUALx, your rewards are auto-compounded every block, so the amount of USUAL will increase inherently. You might not see immediate rewards, but they are being compounded over time.
Mava AI Betainfinity91/ EremiticGang
hi, I've been betting my usualx in the app for three days but I don't see any reward
no i did not, can send to trust wallet, but maybe there is another solution so i dont pay more fees to trasfer thereIs it eligible for distribution even if it's pendle lp? Or is it only eligible if it's pure usualx?In
Is it eligible for distribution even if it's pendle lp? Or is it only eligible if it's pure usualx?
unknown l
my bad
green
no i did not, can send to trust wallet, but maybe there is another solution so i dont pay more fees to trasfer there
Mr. Lin
Hes just translating the article
Story short, i tried to stake Usual(7000) for UsualX, have 150$ worth of Etherium for gas fees, tried Firefox, Chrome and Edge, keeps sayng i dont have ETH for fees, but i do. any ideea?
nyandoggo
maybe your wallet is miscalculating the gas, did you try changing the smart wallet
The success of Usualโs flywheel mechanism depends on maintaining high visibility and aggressive operations to sustain high APY over time. The strategy seems to involve issuing tokens on Binance and leveraging Usualโs initially high APY to push up token prices, using retail investorsโ funds at high price points to subsidize USD0 holders. Without this mechanism, if it were just about issuing stablecoins to buy government bonds and distribute interest, the valuation and hype would never have skyrocketed in such a short time, nor would USD0 have grown so quickly.
Thereโs no need to elaborate on the lack of a liquidation mechanism. Offering exaggerated staking returns is simply to discourage retail investors from selling tokens. Currently, a significant number of tokens are likely locked up. Despite claims of being a decentralized stablecoin project, why is there only one official swap where you can exchange USD0 and USDC? That level of centralization is absurd.
Finally, I think that the proportion of USD0 circulating in external markets like Curve is far lower than the proportion staked within the Usual project itself. If thereโs a large-scale withdrawal of funds, it would be powerless to resist, and a collapse is inevitable. Well, if at this point youโre still talking about damping mechanisms, congratulationsโyou have great faith.unknown l
you have no idea what you're talking about, literal nonsense
BingChilling
Me and my cabal already found it in early dec and ape in usd0++
green
Story short, i tried to stake Usual(7000) for UsualX, have 150$ worth of Etherium for gas fees, tried Firefox, Chrome and Edge, keeps sayng i dont have ETH for fees, but i do. any ideea?
Can anyone tell me how to calculate the apy of USD0++? I couldn't find it from the doc. I want to display the number on my website so I need to formula. Currently I only know it relates to getYieldRate from 0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8E but I couldn't get the same result from the website 33%Mava (AI Support)
The APY for USD0++ is calculated based on emissions and the pre-market price of $USUAL, which is revenue-based. The specific formula for calculating the APY might not be publicly documented, but it involves the yield rate from the smart contract you mentioned. If you're not getting the same result, it could be due to differences in the parameters or data used in the calculation. You might need to check the latest data inputs or consult with the development team for precise details.
Mava AI BetaDawson
Can anyone tell me how to calculate the apy of USD0++? I couldn't find it from the doc. I want to display the number on my website so I need to formula. Currently I only know it relates to getYieldRate from 0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8E but I couldn't get the same result from the website 33%
Ingham
Usual is particularly susceptible since our liquidity is v low relative to mkt cap, so it doesnt take much to move the price
Alternatively, run fud campaigns against competitor tokens to perform vampiric attack and channel them towards your bags. Also v common strategy
Open short, fud like crazy. Close short. Open long at low vals, run pump campaign. Close long, open short, rinse and repeat fud
For these kind of small projects orchestrated attacks (whether fud or moon) are quite common to help these actors make money on longs and shortsUsual
Ingham
For these kind of small projects orchestrated attacks (whether fud or moon) are quite common to help these actors make money on longs and shorts
Mr. Lin
I dont think this piece of word salad warrants a formal response because it is quite ridiculous lmao
The chinese community (esp those on Binance) has orchestrated several fuds - and the audience loves to circlejerk without doing their own due diligence
nyandoggo
yeah usd0=usyc=us treasury bonds so it's rwa
what's the point ? usd0 already got liquidty test whale pulling liquidity and we repeg in seconds.
Next, letโs look at the on-chain data. On the Ethereum blockchain explorer, the total minted amount of USD0 matches that of USYC. How does Usual dare to use all of someone elseโs funds to mint stablecoins? The treasury address for USYC provided on the official website is Hashnoteโs address. If the minting is genuine, why canโt we see USYC inflows and USD0 outflows? How does the conversion between USYC and USD0 work? Thereโs no explanation, so is it fair to assume that the conversion doesnโt exist?
This makes it easier to understand. Usual mints stablecoins out of thin air, exchanges them for USDC, and then buys USYC, earning an approximately 3% interest spread while boosting the projectโs TVL. This, in turn, allows them to mint even more Usual. For the project team, this is a perfect positive feedback loop where they profit on both ends.nyandoggo
The success of Usualโs flywheel mechanism depends on maintaining high visibility and aggressive operations to sustain high APY over time. The strategy seems to involve issuing tokens on Binance and leveraging Usualโs initially high APY to push up token prices, using retail investorsโ funds at high price points to subsidize USD0 holders. Without this mechanism, if it were just about issuing stablecoins to buy government bonds and distribute interest, the valuation and hype would never have skyrocketed in such a short time, nor would USD0 have grown so quickly. Thereโs no need to elaborate on the lack of a liquidation mechanism. Offering exaggerated staking returns is simply to discourage retail investors from selling tokens. Currently, a significant number of tokens are likely locked up. Despite claims of being a decentralized stablecoin project, why is there only one official swap where you can exchange USD0 and USDC? That level of centralization is absurd. Finally, I think that the proportion of USD0 circulating in external markets like Curve is far lower than the proportion staked within the Usual project itself. If thereโs a large-scale withdrawal of funds, it would be powerless to resist, and a collapse is inevitable. Well, if at this point youโre still talking about damping mechanisms, congratulationsโyou have great faith.
translated to English via chatgpt
Letโs talk about the Usual project. To begin with the conclusion: this project has nothing to do with RWA collateral. According to the projectโs disclosure, it uses Hashnoteโs USYC. So, letโs focus on Hashnote as a company and the mechanism of USYC.
Hashnote was founded in 2022 and is registered in the Cayman Islands. Its main business involves providing decentralized financial investment solutions to institutional and high-net-worth clients, with a particular focus on stable income products and digital asset management.
Currently, there are only two ways to purchase USYC through Hashnote: using USDC or YPUSD. Both are stablecoins. At present, USYC is roughly 3 basis points higher than 1 USD, which is approximately equivalent to the yield on U.S. Treasury bonds. Redemption works similarly.
Here comes the first question: the total funds under USYCโs management are magically identical to the TVL disclosed by Usual. Could it be understood that USYCโs managed funds have been turned into Usualโs TVL? Itโs indeed possible. An asset management company could pledge all the money from institutions and high-net-worth clients to Usual. But what happens when thereโs a redemption request?
In my opinion, no legitimate wealth management company would do such a thing. Thereโs only one possibility: similar to the operation in the โ1,800 BTC event,โ this is a pledged commitment or agreement without real collateral. This would reasonably explain why Usual dares to issue stablecoins on a 1:1 basis. First, USYC is roughly equivalent to 1 USD. Second, there was no real collateral in the first place.nyandoggo
Next, letโs look at the on-chain data. On the Ethereum blockchain explorer, the total minted amount of USD0 matches that of USYC. How does Usual dare to use all of someone elseโs funds to mint stablecoins? The treasury address for USYC provided on the official website is Hashnoteโs address. If the minting is genuine, why canโt we see USYC inflows and USD0 outflows? How does the conversion between USYC and USD0 work? Thereโs no explanation, so is it fair to assume that the conversion doesnโt exist? This makes it easier to understand. Usual mints stablecoins out of thin air, exchanges them for USDC, and then buys USYC, earning an approximately 3% interest spread while boosting the projectโs TVL. This, in turn, allows them to mint even more Usual. For the project team, this is a perfect positive feedback loop where they profit on both ends.
https://x.com/shufen46250836/status/1876476314234048926
There seems to be some fud regarding USD0. It seems to be a hot topic in the Chinese community, so the team needs to respond.nyandoggo
translated to English via chatgpt Letโs talk about the Usual project. To begin with the conclusion: this project has nothing to do with RWA collateral. According to the projectโs disclosure, it uses Hashnoteโs USYC. So, letโs focus on Hashnote as a company and the mechanism of USYC. Hashnote was founded in 2022 and is registered in the Cayman Islands. Its main business involves providing decentralized financial investment solutions to institutional and high-net-worth clients, with a particular focus on stable income products and digital asset management. Currently, there are only two ways to purchase USYC through Hashnote: using USDC or YPUSD. Both are stablecoins. At present, USYC is roughly 3 basis points higher than 1 USD, which is approximately equivalent to the yield on U.S. Treasury bonds. Redemption works similarly. Here comes the first question: the total funds under USYCโs management are magically identical to the TVL disclosed by Usual. Could it be understood that USYCโs managed funds have been turned into Usualโs TVL? Itโs indeed possible. An asset management company could pledge all the money from institutions and high-net-worth clients to Usual. But what happens when thereโs a redemption request? In my opinion, no legitimate wealth management company would do such a thing. Thereโs only one possibility: similar to the operation in the โ1,800 BTC event,โ this is a pledged commitment or agreement without real collateral. This would reasonably explain why Usual dares to issue stablecoins on a 1:1 basis. First, USYC is roughly equivalent to 1 USD. Second, there was no real collateral in the first place.
samkilam
Is today the day. doom day or pay day
BingChilling
been around for years
you can't educate everybody there a reason some people still btc is scam
That's true, but many investors are swayed by such words. In fact, many investors don't read the docs.BingChilling
https://tenor.com/view/bitcoinzero-bitcoin-zero-gif-22667565
https://x.com/shufen46250836/status/1876476314234048926
There seems to be some fud regarding USD0. It seems to be a hot topic in the Chinese community, so the team needs to respond.BingChilling
i lost my braincell read that
https://x.com/shufen46250836/status/1876476314234048926
There seems to be some fud regarding USD0. It seems to be a hot topic in the Chinese community, so the team needs to respond.BingChilling
have you read lol ? Let's look at the on-chain data. On the Ethereum browser, we can see that the total amount of usd0 minted is the same as USYC. How dare Usual use all other people's funds to mint stablecoins? The warehouse address of USYC provided by the official website is the address of hashnote. If it is a real mint, why can't we see the inflow of USYC and the outflow of Usd0? There is no explanation about the conversion between USYC and USD0. Can we assume that there is no conversion at all? you cannot buy usyc directly minimum 100k this fud is nothing that's not even fud lmao
https://x.com/shufen46250836/status/1876476314234048926
There seems to be some fud regarding USD0. It seems to be a hot topic in the Chinese community, so the team needs to respond.lirrboroncruiser
bro claiming USYC is never used in USD0 minting without checking etherscan lmao
famousfxck
None of which is happening rn lmao
https://x.com/shufen46250836/status/1876476314234048926
There seems to be some fud regarding USD0. It seems to be a hot topic in the Chinese community, so the team needs to respond.famousfxck
If that was the reason then we should see a huge outflow of USD0 and depeg
์ผ๋ฏธ
That's true, but many investors are swayed by such words. In fact, many investors don't read the docs.
https://x.com/shufen46250836/status/1876476314234048926
There seems to be some fud regarding USD0. It seems to be a hot topic in the Chinese community, so the team needs to respond.Aurelou
Random from someone who didn't read the doc, useless
์ผ๋ฏธ
https://x.com/shufen46250836/status/1876476314234048926 There seems to be some fud regarding USD0. It seems to be a hot topic in the Chinese community, so the team needs to respond.
้ฃๅฐฑ่ฏดไธไธusual่ฟไธช้กน็ฎ๏ผๅ ่ฏดไธไธช็ป่ฎบ๏ผ่ฟไธช้กน็ฎๅๆ นๆฒกๆ็จRwa็ๆตๆผ๏ผๆ็ ง้กน็ฎ็ๆซ้ฒ๏ผไฝฟ็จ็ๆฏHashnote็USYC๏ผ้ฃไนๆฅ้็น็ไธHashnote่ฟๅฎถๅ ฌๅธๅUSYC็ๆบๅถใ
Twitter โข 01/06/2025 22:49:51 ESTfamousfxck
But yeah 4 gwei when BTC is at 100K$ says enough about this market ๐
famousfxck
Bro it was 1-2 gwei months ago
BingChilling
Wow eth is dead lmao
Deetol
Open your eyes dude
famousfxck
Nah like 1-2$ gas rn
Deetol
Oh oke, thanks
famousfxck
You can already claim the total amount
Pending rewards = total rewards
famousfxck
Just click on claim rewards
famousfxck
Gas is at 4 and people still find it too expensive
kill
Expect.
raggawizard
Is USDO on Ether mainnet or polygon?
Mr. Lin
but smart cat like me has it staked as usualX
i'd be panicking if i went 1000x long on perps
Ingham
Price is down 7% and jeets are all panicking idk if theyโre larping or actual first timers to crypto
Mr. Lin
we're likely consolidating at this range
Mr. Lin
the market is doing normal market things
BingChilling
there is no new low blud what you mean price drop
Mr. Lin
what about it?
just hang on a bit - go for a walk, live life, have a coffee, and the announcement should be ready in no time
kuku
How about usual price?
Mr. Lin
wtf
and y'all yapping about 'Y NO FEE SWITCH ANNOUNCEMENT'
in paris
it is
boys
Davinor
Old news, but this happens
Zugor
No clues ๐
kuku
what is the update for 7th jan 2025
Maliccc
Waiting for it ๐
When the news?
Acemint
Naw thanks bro I'm good
Mava (AI Support)
Acemint
Is ERC20 the only supported network in USD0
RedRain
I know this link, but I couldn't find the redeem module in it
The Southerner
app.usual.money Be careful from Spam link
RedRain
What I want is the link to Redeem๏ผ
Sammyy
7th jan 2025
what would be the update for today
The Southerner
app.usual.money
The Southerner
@BingChilling 
are you Chinese bot?
Mava (AI Support)
You can redeem USD0 in two ways: by withdrawing the Real World Asset (RWA) underlying the USD0 token directly at Usualโs counter, or by selling USD0 for USDC/T on the secondary market. Reference: 1
Mava AI BetaRedRain
Where can I redeem USD0 ๏ผ
Sammyy
thats absurd
stake to get more coins but the value depreciate faster than your revenue
The Southerner
. . . . . HODL bro
.
The update is :
lirrboroncruiser
it's the length of backing T-bill I guess
they can redeem the usd0 they invested 4 years later or sacrifice part of their profit for early redemption, only the inflation of usd itself could be the riskIngham
Why 4 years later tho
lirrboroncruiser
I won't call it loss, their choice of stake instead of trading already say their preference of relatively stable income
Ingham
I rmb back then ENA had like 1000% APY or something
they can redeem the usd0 they invested 4 years later or sacrifice part of their profit for early redemption, only the inflation of usd itself could be the risklofi
it's a huge risk, the liquidity will miss the next bullrun take that loss into consideration
Ingham
Feels a bit like when ENA dropped from $1.5 to $0.2 a few months back haha. Everyone there was accusing the ENA devs of rugging ๐คฃ
Ingham
Good pointโฆ ill increase it by a bit then ๐
lirrboroncruiser
they can redeem the usd0 they invested 4 years later or sacrifice part of their profit for early redemption, only the inflation of usd itself could be the risk
lofi
it's not risk free usd0++ is not a stablecoin
Gotta thank illiquid LST unbonding periods which forced me to wait until usual was $0.9 in the last dip before i could buykiratsunami
what is this ... illiquid LST unbonding periods
Ingham
Gotta thank illiquid LST unbonding periods which forced me to wait until usual was $0.9 in the last dip before i could buy
kiratsunami
I want to also take a bank credit and go put it in USD0++ ...
I will add by the end of the month 5K, its just that now I don't have enough liquidity to buy more ...
kiratsunami
buying it at this price (0.91) will do me good ...
kiratsunami
bro I bought it at 1.44 (it hurts ...)
so you need to have millions if not billions to be able to dip it ...
Ingham
Mine is at $0.9 ๐คฃ
kiratsunami
and they have to wait 7d and pay gas fees ...
lirrboroncruiser
it's high enough as a risk free investment
Ingham
Its great that everyone is panicking, good chance to shake out the paperhands before we moon
kiratsunami
You need 10K USD0++ to have 8.49 Usual daily ...
they stake millions of usd0++ and enjoy the high APY, selling usual and stake more usd0 is an almost risk free investment so they continue doing itkiratsunami
the APY is not that high ...
lirrboroncruiser
they stake millions of usd0++ and enjoy the high APY, selling usual and stake more usd0 is an almost risk free investment so they continue doing it
usd0++ stakers are constantly dumping the market with their rewarded usual, hopefully they'll turn on this switch today to counter the selling pressure and spin the flywheelkiratsunami
how do you know its USD0++ stakers ?
So whatโs really going on with USUAL? The project concept is sensible but so far it seems to have been portrayed somehow to look like a weak one โฆ anyone here knows what is the real deal?
Vanessa
where to mint can you show me the website address?
Mava (AI Support)
USD0 tokens can be minted through Usual's counter in two ways: 1. Direct Mint: By depositing an eligible Real-World Asset (RWA) into the protocol to receive an equivalent amount of USD0 on a 1:1 basis. 2. Indirect Mint: By depositing USDC into the protocol to receive USD0 on a 1:1 basis. In this method, a third party known as the Collateral Provider (CP) supplies the necessary RWA collateral, enabling users to obtain USD0 without directly holding RWAs. References: 1,2
Mava AI BetaVanessa
how to mint usd0?
OtiM
01/06/2025 at 23:25:43 ESTAnd what have the USUAL staff told you? I mean, there are no one present?
kuku
Does the marketing team work?
Noway
So whatโs really going on with USUAL? The project concept is sensible but so far it seems to have been portrayed somehow to look like a weak one โฆ anyone here knows what is the real deal?
Dave.race
Price is low! It's time to buy YT USD0++ on Pendle!!!
kiratsunami
the project generates money those who truly understand the project will understand that this project is just way to invest in USYC (T-bills fun) without having 100K the protocol is also dรฉflationniste, meaning coins will be produced unless there is revenue (Bouhou its math), and coin will generate more revenu in time in The WP they talk also about ETH0, so the team wants to also tap in this niche, the biggest projects in DEFI are just staking and restaking The TVL keeps growing every day yet ppl keep on crying those who are smart enough will understand that Usual is Tether (but revenues are 90% for community) + Lido/EigenLayer (ETH restaking) + having exposure to USYC (without having 100K) and this is just now, the project is 1month old
OtiM
01/06/2025 at 23:11:02 ESTI think the worst thing is that they are losing confidence just before an altseason! Everyone will take their money out of here to invest in coins that will show a lot of profitability, if USUAL is left behind, even the rats will jump ship!
lofi
exactly
kiratsunami
who cares they are poor anyway
lofi
but new features need to be released
it's hard to predict the market reaction
OtiM
01/06/2025 at 23:04:42 ESTBut do you know what will happen today, January 7?
lofi
it's a big project the future is bright
don't worry guys, I'm sure team is working to improve the protocol
Ganja
01/06/2025 at 22:56:06 ESTJust look at how the currency works and you will understand, the value of the currency is going against what the issuer introduced. I do not want to criticize, I am also the holder of this currency, They want us to be discouraged and sell cheaply. That is why on Square Binance, people say to hold on to the trash tightly, do not let it fall, others will clean it up for you.
epx_3
lol
OtiM
01/06/2025 at 22:52:31 ESTGo read it for yourself, there are several messages warning people to stay away from this project and complaining about it.
avalongarden
as per usual price, i doubt fee switch may be a bad news.
epx_3
Whatโs the fee switch? Any update today?
avalongarden
impressive
Dave.race
I'm curious lol
Dave.race
What do they say?
OtiM
01/06/2025 at 22:50:38 ESTHey, they're talking very badly about this project on Binance Square! What's going on? Today is January 7th, what's new?
avalongarden
will usual hit all time new low at jan 7๏ผ
CongQ
unlike you perp degen, I already have my capital back and solid profit๐คฃ face it, your strategy is trash, not the project
Vanessa
please give me the right one
Vanessa
does not work
Ganja
01/06/2025 at 22:42:58 ESTHold on tight to this pile of trash because in 2030 you will get your capital back. Yes, as promised, let's make USUAL explode, the year of USUAL, the year of trash.
yes i copied the adress in the white paper๏ผso what is the right adress i should look at if i want to check the collaterals for usd0๏ผMava (AI Support)
You can check the collaterals for USD0 at this address: [https://etherscan.io/address/[redacted wallet address]](https://etherscan.io/address/redacted wallet address.
Mava AI BetaVanessa
yes i copied the adress in the white paper๏ผso what is the right adress i should look at if i want to check the collaterals for usd0๏ผ
why this offical adress does not have enough USDY as collaterals ๏ผanyone can explain a little bit๏ผCongQ
Youโre looking at hashnoteโs address
why this offical adress does not have enough USDY as collaterals ๏ผanyone can explain a little bit๏ผCongQ
Treasury
OtiM
01/06/2025 at 22:35:44 ESTHello, it's already January 7th, what's new?
Mava (AI Support)
If you add a new position, you will not have to wait an additional 7 days for the existing rewards. However, any new rewards from the added position will be subject to the 7-day period before they can be claimed.
Mava AI Betanyandoggo
if I already have a position and add a new position, will I have to wait 7 days again?
kiratsunami
EUR is a shitcoin
Einzig
when fee switch announcement?
Ingham
Theres a big market in europe with tether getting delisted
Theres no fx risk if youโre backing euros with euro bonds
kiratsunami
they have 0 FX risk tolerance policy ...
CongQ
step out of your little circle of only perp trading in binance
Ingham
We should get EUR0 too haha
kiratsunami
I'm just waiting for it to dip a bit more to be able to buy some more ^^
kiratsunami
I'm going to buy more
CongQ
we're getting DAO, fee switch, iusd0, probably eth0 and btc0 this year, so?
Ingham
If you look closely the chart is painting a U symbol that stands for Usual ๐
CongQ
so? whats your point
CongQ
the blog explaining in details is supposed to be released on 7th
humongousweedboy
where can I read up on what the fee switch entails?