Does bera bolt staking period also include in 4 years? Or 4 year starts from wen we get usd0++ from the valut after bera tge

As a reminder: there's an FAQ in the pinned messages!

It routes through the best way afaik, so rn it's secondary market price!

will usualx also do this 1:0.87 later?

sorry for the late reply but I also noticed that you incread the slow mode..... yesterday the exchange rate between USD0++/USD0 was 0.87 on the unstake section. now it's 0.9235. What happen? we jump directly from 0.87 to 0.9235 without announcement?

It's pretty unusual to sell bonds at face value

not yet

just burn the yield u got and you can redeem 1:1 it was written in the doc. looks fair to me you want exit u burn your yield

make sense: "You give up your gains, not ur principal"

The drama ended?

do we have a new Morpho vault for PT users!?!?

lower yield means less $ value of USUAL to pay for the Early Redeem, so that's good for you I guess :)

The usual amount for early unstake required is determined by the over flow? Six months from next week or the last six months? I need a specific explanation of the calculation. @Noé

I read this chat and I’m just astonished how many fools jump into DeFi without having any basic TradFi knowledge.

The problem is that the communication operation will affect buyers confidence and make the usual token, which is yield through USD0++, drop in value (at least at short term)

Lol dude for bonds you pay 90c for 4 year and get 1$. Not the otherway around. If you wanna redeem early you give up on your gains, not your principal . Who would pay 1$ for a 87 cent product unless scammed ? This is a scam, not sure why you are defending it. They lured more people in with Bera brand, people that still put money there 1:1 for a product thats 0.87. Even if you assume normal Usdo++ is not a scam, Bera vault is definition of a scam. Selling something higer there compared to their own website. There were people defending ust before it went to 0

https://app.morpho.org/market?id=0x864c9b82eb066ae2c038ba763dfc0221001e62fc40925530056349633eb0a259&network=mainnet from what oracle is this market getting the price? @Noé

between 2.5% to 12.5% of your value ur trying to withdraw

The Early Unstaking feature, which allows for the redemption of USD0++ for USD0 at a 1:1 ratio by burning USUAL tokens, will be available in the Dapp early next week. What is the formula for the future mechanism to burn USUAL tokens? For example, if I have 100K USD0++ to redeem, how many USUAL tokens will need to be burned?

I think it explains really well. Eveyrone should read!

Open for old user before the depeg convert back to USD0 1:1 is fair.

Is the borrow rate on the morpho usd0Usd0++/USDc just spiking from normal market movements or is related to the closure of the hard coded vault?

wdym boss?

Four-year Treasury bills are traded in the secondary market without this so-called penalty at all

why the Floor price is set to 0.9235 instead of 0.87?

Wasnt it written in the doc it was expected to last and capital will be used in case of depeg ?

its very poor communication and a failure by the team to move on like this.

Can you show us the bonds usd0++ bought that carry a 4y penalty?

it's only penalty if you want redeem your principals early. have you ever to buy bond ?

👍

5

deannguy3n

deannguy3n

0xFLK

folklores

sonnykeys

Olivier-c.eth

olivierc.eth

Noé

0xnoe

👍

Close

what happen to PT user that doesn't accumulate yield? how much they have to burn in order to convert 1:1 ?

"will let users unstake their USD0 early by burning their accumulated USUAL yield" Which part of "accumulated" do you think means that the holder will have to pay future yield?

Old users already had this opportunity until now: it lasted a month after prelaunch.

True, USD0++ isn't made for short term profit. But the protocol should have been more explicit about the floor price adjustment mechanism. It would avoid a loss of confidence (which is the very basis of value in the market)

they accumulate yield and burn it to Early Redeem

will you guys issue an apology for this? i think alot of people lost trust

Open for old user before the depeg convert back to USD0 1:1 is fair. No one will sue your team

yes, " this feature will let users unstake their USD0 early by burning their accumulated USUAL yield." what if people joined USD0++ 1 day before

Harcoded market: ETA for the new market is early next week.

"Morpho markets with hardcoded prices are safe and will be able to migrate to new markets with similar non-liquidatable properties"- this is from the usual announcement. so I'm asking which markets where hardcoded 1:1 and when do they move? @Noé

I am amazed on how many people did not know the 1:1 unstack would not last. From day 1 the bot always said it will be locked for 4 years and there will be penalties always for early exit.

lmeow, I didn't even know this was also there, nice

Im sure by investing on-chain we would find very interesting stuff. Like large position mysteriously exiting staking just before the price floor update event

Gud analyses, idk if that what usual team wanted to, but gud analysis, at least its one point of view

💯

Its even in the disclaimer when bonding usd0++. Nobody can say that this isnt public information. "1:1 Early Unstaking USD0++ can be unstaked at any time before the early unstaking feature is implemented. Once launched, this feature will let users unstake their USD0 early by burning their accumulated USUAL yield. A portion of the burned USUAL will be shared with USUALx holders."

🤣

Yes - we'll see if market is rational when this panic wave ends

i think the team need to take snapshot for peopble who bought it at 1:1 to give them Usual airdrop

"This growth loop stabilizes USD0++ around—or above—its 1 USD peg" in the last article blog

I have a revolving loan on Morpho, what should I do better?

but adding the floor price now and not having it there before and then having 1:1 during the "early phase" is the problem. That caused the market rate to be 1:1. An announcement saying "hey, we're ending this 1:1 early phase in a week/two/three (whatever you need so it's not front-run), it will be 0.87 floor, doc has been updated now" is a better approach vs "it's 0.87 floor right now and we updated the doc to put the floor price in". Nobody is mad that it is an 0.87 floor now but it's the sudden update without warning that it was coming. Or better, never have had the 1:1 to avoid this whole situation and you wouldn't have to worry about front-running from an announcement. Do you know how eUSD++ vault from Veda and etherfi handle this?

No, simply transparency

13% redemption fee will there be new TVL coming in? Give me a reason to stake in for new users

so you can dump all the reward and switch back to usdc ? cmon mate lol.

No, we just implemented public mechanisms. Please check the FAQ, I address your comment there. No one was 'lured'.

They Just want high rewards and 0 risk

So basically to save your usual unlocks, you lure people into putting more with fake apy that comes from team buying Usual all along with user funds. This is fraud and you are just admitting it

Your team change the stake contract with the dex aggregator contract on UI when this depeg happend. And sacrifying Usual reward for redemption is fair if we repaid all reward that we gain from Usual not the debt we must buy more usual to repay. It’s not different with exchange USD0++ to USD0 on dex

This is what I was looking for. So there was no ethical way to get out of the mess

Yeah, I don't think that the people who would've front runned and runned bots would've been the one who didn't read the docs

@NoéSir, I am very willing to hold for more than a year, but the current issue is that I borrowed through MOPH, and with the added borrowing costs, it’s really difficult for me. I have almost 1000 WU, and I feel like I’m about to collapse... Will you consider this factor?

so you just trap people that doesn't fully understand your protocol and thinks that's okay

That's the huge problem for people that staked on berachain vault

the collateral (USYC) is fully liquid

@Noé u should open telegram chat bro, scammer is on discord too. its just the same

So everyone would front-run, rev-share would go to zero, $USUAL would go to zero, and there's no more protocol?

this is scam,tell you 1:1 first then change rule.if 1:1 is not necessary why tell us at firat

Why it's not mentioned in terms, I deposited usdc, i should claim back my usdc, USD0++ is not worth 1$ now, that's mean I'm losing while I'm just holding a stablecoin. Can you explain bro

Why you did not put a clear clockdown when 1:1 were not in place anymore ? It's a little bit problematic in my view.

if you want to get back money lost from the scam we pulled yesterday, buy the scam we are selling today?

I don't blame users for not having read the full documentation to be honest, even if it's the right thing to do when you invest in something. So I'm happy to answer questions here and clarify things, that's the least I could do! It's only a bit frustrating when it comes to accusations, since it juste becomes false.

same question, I hold usd0+ now, and don't wanna sell for a discount, can I just lock it for 6months, get the treasury yield, and then get 1-1 conversion of my usd0++ to usd0 + the treasury yield interest on my usd0++ ?

I just bought USD0++yesterday. How much will I charge for exiting?

Noe u r such a victim, u have to explain to idiots that didnt read the documentation :(((

(docs weren't updated: we only added the price of the Floor since it's now defined. Mechanisms were always there).

Btw: You don’t need to hold 4 years. You literally get 20%+ APY on your USD0++. And if you stake that for UsualX you get another 100%+ APY on top of it. And then again another 20-60% APY from rev share.

Ya, a 7 day window would be great. It should never go with a sudden announcement like this, update docs and away we go.

No. If USD0++ depegs below the Floor, you just redeem it at the Floor (and our MMs do) to arb.

Yeah... you need to get from Etherscan..........

If you have no USD0 balance, the simulation doesn't work

Thats if you think they have the funds, they assume not many people will run for gates since its a %13 loss. They used your funds ti pump usual st start , so basically that %apy comes with usual price going up and lured more people into scam. Wake up, that %60 apy was coming from team spending our funds to pump usual 😂 we got scammed, team doesnt have funds to even buy all at 0.87.

Guys plz read Noé pinned message about Usd0

How it is not? I pay 1 usd0 for a 0,92 usd0++ which will be 1 usd0 at maturity (4 yrs)

The answer would of been to allow on usual site to transfger USD0-USD0++ at 0.87 and let the market arbitrage, rathert than just let it go at a premium and cause this blow uip

Let us have 7 days convert back to USD0 1:1 please

USD0++

I have question: i deposited usdc on usual bera vault, why it's changed to berausd0++ When i claim, i claim my usdc or usd0 ?

that's the $1M dollar question

Depeg from what?

Just write a new doc with 0.5 as the floor price

which means veda + bera vault can break up partners because they see usd0++ depeg?

If so why I deposited 10000 usdc only received 10000usd0++

0.87 is floor price lmao written in the doc.

For how long ?

under 0,87 the team can redeem and hold the price, it's written in the doc 🙂

👍

1

Noé

0xnoe

👍

Close

0.87 wont hold after Bera anounce they are closing the Vault and cutting any ties to Usual team. 1 day max No real team will want any ties with this fraud

bruh

Team: Everything expected

Hahaha I love to see that 😂

Ppl gona sue over 7 cents on the dollar

For someone who just entered the PT pendle USD0+ token with 20 days maturity yesterday, thus I do not hold any USUAL, what is the best solution to redeem USD0++?

How is this not true? You sold people for $1 yesterday something that the user can sell back at $0.87 to you a today. Where did that 13c go? You didn't buy a zero coupon bond for that $1 because it isn't worth $1. So you in effect have stolen $0.13 on every $1 that people bought from your site.

the new morpho is easily migratable?

Which Morpho USD0++ markets are hardcoded to 1:1? @Noé

Will the early withdraw rewards forfeiture period which can be somewhere between 0-6 months be the time between withdrawing and the time the floor was set to 0.87? So very short initially?

There should really have been a countdown on the page until when the 1:1 redemption would end or an announcement saying "hey, btw, 1:1 redemption is ending in just under 1 week now. Reminder, after it will be 0.87." It's less about "0.87 now" vs the sudden early phase ending change without a warning. Otherwise, the markets with partners should have been hardcoded to the planned redemption of 0.87 and the "early phase 1:1" should have been avoided entirely. Does anyone here know how partner vaults like eUSD0++ ether.fi Liquid handle this? the underlying strategy assets don't appear to be USD0++ but the withdrawal is to USD0++ only. How do we unstake not early, until maturity, 6 months or otherwise? looks like the frontend doesn't have this yet?

now they cannot over leverage in morpho and dump usual every day they have to keep usual or buy usual for early redemption

then you should know this community reaction was coming 😂

Not true

Sir, please check the pinned message!

They are selling something that is literally worth $0.87 for $1 lol

haha, yes lol

I can't believe Binance and other partners will not push them to revert this situation, just trying to trap 1.6b of liquidity is very bad press for crypto.

Dude for this, they should be selling it at 0.87 mint price on oage 😂 if they sold it at 1:1 and you get 1:1 end of 4 years, that make any sense to you ?? This is a scam in every court, any apprentice lawyer can prove its a scam

Lets create a tg and see where things go, they clearly didnt build Usual for the users because they r not listening

Check the pinned message sir

Yes, your arbitrage makes sense - do not forget that it also depends on weekly outflows. But if you take the max value, yes, you are right.

Why was floor suddenly updated to 0.87$ when it was 0.99$ earlier. This is straight out lying to users and community, not the way to build trust

@Noé I hear you, thank you. From your answer it follows that it is better to earn $USUAL by steaking $USD0++ while APR (which is on the screen) is high, and as soon as it falls, let's say to 10% then it is better to change USD0++ to USD0 as then the yield for those days that will be calculated will remain with me. Since it will be calculated as follows: the number of days multiplied by 10/365% I understand correctly?

https://x.com/Cbb0fe/status/1877641651914478034

CBB (@Cbb0fe) on X

Bonjour l'@AMF\_actu Est\-ce légal de vendre une obligation à 4 ans au prix de sa valeur nominale? C'est ce que @usualmoney \- domicilié en France sous le nom Up Only Co et pour numéro de SIREN 919 540 427 \- fait actuellement\. Si un avocat est spécialiste du sujet, je suis

Twitter • 01/10/2025 04:00:29 EST

See: https://discord.com/channels/1106588534871179280/1107144153076347022/1327203544767528970

All this is fine except for the fact that you made ppl swap USD) for USD0++ 1 for 1 - jkust giving everyone an instant loss. The design isn't the issue - it's the fact you allowed ppl to pay $1 for something that you knew would be 0.87

this one does both lmeow

The exact formula is in the whitepaper sir: min is zero and max is 6 months of rewards at the APR when unstaking

How to caculate the usual amount to early unstake? Then I can buy from the market. @Noé

Correct!

FAQ: https://discord.com/channels/1106588534871179280/1107144153076347022/1327209659278430218

in the end, this seems done to benefit USUALx stakers. last week everyone was crying about usual tanking. this change appears to change the way the tokenomics work, so the token will be more bullish, and will see less major dumps

There is no solution for PT-USD0 people that lost money. You (and I) just got screwed. If you leveraged you are completely screwed. The large print is that you can exit early at face value while forfeiting the rewards. The small print apparently is that you have to forfeit hypothetical future rewards. The absence of clarity here is the scam.

https://discord.com/channels/1106588534871179280/1107144153076347022/1327209659278430218 ser

Hello, I just bought USD0++ yesterday and it didn't generate any profit. Why do I have to deduct my 13% fee when I withdraw?

that's why binance ask questionaire when you trade futures lol. people blame binance for lost of over leverage.

you quoted

It's written

How much USUAL do I need to burn for Early Redeem?

What is the definition of the usual reward of 0-6 months? From now on? The usual rewards are forfeited for the next six months?

please @Noé what solution do you have for PT-USD0-March Morpho pool player that are getting destroyed right now????

APR will be the one live at the time of unstaking

Maybe we should start (mandatory) adding questionnaires to crypto projects and let them sign liability like brokers have to do in most countries. Just to proof you are actually understanding the things your are getting into (and riisks) and did your own due diligence.

Why can’t I get 1:1 conversion now? The team did not say “for each USD0++ you will only get 0.87 worth of T-bills as backing”, right? The usual I earn with my money is not free, it is the price for me to put my money in the protocol. If the protocol does not pay me a decent interest, why would I put my money here?

@Noé I'll try shaping it again. It is clear that the fee for fast output depends on the threads. If the output stream is large, the fee is 180 days, if it is small, it is 1 day (conditionally). But it is not clear how its size will be calculated. What APR will be taken? The one that will be at the moment of pressing the “quick exit” button or the average APR for those days that are counted?

The only one problem is the no communication concerning the suddend depeg tonight (last blog article says that USD0++ is pegged to 1$) - Floor price has always been a thing, but the sudden depeg tonight is the problem. The whole CT is talking about it, there is obv a problem on communication side - even if, again, floor price has always been a thing since whitepaper

Which Morpho markets are hardcoded to 1:1? @Noé

Can I mint now USD0++ and reedem it next week for 1$ ?

I do not understand why doesn't the team thinks its win-win for them to offer a 7 day window for people to exit at 1:1? you can keep your project, people who didn't know better can get back their money, the grift can continue after this window from whoever still believes in this, USUAL token holders win from good optics, USD0++ holders are satisfied

There so gna pump usual on the back of this.

alright nice message

If you can exit 1 to 1 for USD0 then surely this isn't too bad an option? How much is the yield sacrifice?

On your website you are selling a zero coupon bond for it's face value. That's the large print. In the small print you write somewhere that it's value isn't actually the face value. So you are selling something that is literally worth $0.87 for $1. Expect lawsuits.

Is there some link where we can check floor price moving?

HERE 5 MIN?

Can the USUAL burned at conditional redemption be more than what a user has received yield for the USD0+ staked until the unstaking point? Any contract address to point out for this?

@Noé pinned some faqs. Maybe Dyor?

A Small Suggestion: In my opinion, the best solution to this situation would be to cancel the claimable rewards for those who are about to convert their USD0++ to USD0. For a limited time, users should be allowed to convert their USD0++ to USD0 without penalties. Alternatively, if your goal is to prevent whales from farming, you could introduce a 1:1 redemption option for amounts below $50,000. You can't solely focus on satisfying yourselves; you must also provide users with a fair exit strategy. A 13% penalty is far from reasonable. @Noé What do you think?

It was stated that the price can and would deflect even at start it was possible. It was "never" garantueed.

ranging from zero to six months of rewards？From now?

I dont understand who stole your money! You get free USUAL as rewards of USD0++, and after some months up to 4 years you can get 1:1 conversion.

https://x.com/mytwogweis/status/1877595190640488708?s=46

mytwogweis (@mytwogweis) on X

Why USD0\+\+'s Depeg was Imminent I used to work on Morgan Stanley’s high\-yield bond desk, so I’ve seen my fair share of distressed assets and quirky mechanisms\. "High\-yield" sounds fancy, but let’s call it what it is: trading the shittiest of shit bonds\. Think defaults waiting to

Twitter • 01/10/2025 00:55:52 EST

I have one more question. Here's now (when everyone started burning USD0++++ abruptly) the fast exit fee will be 180 days of farming. And what will be in say a year from now, I mean not % of income, but how will this exit fee be calculated? Will the percentage of farming on the day of exit be taken or will the average percentage for this period be taken (let's assume it will also be 180 days). Could you please tell me which percentage will be taken into account? Translated with DeepL.com (free version)

think an excel sheet where we can change params for different scenarios would be reaally helpfull !! thank you

@Noé please answer this!!

I’m little lost here!!!as you say i’m a dumb here so if you can explain me in a easy way i will appreciate it!!further i’ve staked 20000 usual to usualX

depend how many you loop lol.

Why should I be interested in a project that stole my money? I bought USD0++ at price of 1 USDC and now they tell me it only worth 0.87 USDC or equivalent T-bills. Then they should not sell me USD0++ at 1. The price should be set at 0.87 in the first place. This is not about patience at all.

Just make an animation video. Only way some people will understand

we got rekt from morpho looping LOL 🐱 🔫

What the actual f****. How can you switch off 1:1 redemption without prior notice? You should restore it at least for a week.

Hello, how much of USUAL tokens are burned in the case on conditional withdraw starting next week? Any contract for this already? Thank you

Berachain vault problem people that deposit at beginning before the change of price 0.87 people that deposit with other stablecoin should get more since our stablecoin is worth 1$ each

will update pinned message with most common questions

As a reminder: - The Floor It increases over time, reaching 1$ at the end. - What now: You're now able to either: swap at market rate, Early Redeem versus $USUAL, or redeem at Floor. - To Early Redeem: You'll have to sacrifice (pay) $USUAL tokens, ranging from zero to six months of rewards. This is mostly calculated on the weekly outflows and the time before maturity. - How much time? At the current APY, you would need to hold USD0++ for about 5-6 months (without compounding) to compensate for the lowest redeem you could get (Floor). - How to optimize? Because the APY is paid in $USUAL, if you stake it in USUALx, you'll get 200% more APY in $USUAL plus a >50% APY in USD0 directly through the revenue-share. This would enable to compensate even faster. - Where does the fees go? The Early Redemption fee for USD0++ is partially redistributed to USUALx (USUAL stakers) and partially burned, improving long-term alignement and increasing scarcity. As for this change: - USD0++ has almost never been redeemable at 1:1 It only was for a month after TGE, but wasn't during the whole pre-launch. This was possible in order to ensure exits for those who wanted to, after the airdrop (if not vested). - USD0++ is not a stablecoin It has always been referred to as a Liquid Bond Token (LBT) - a staked version of USD0 locked for 4 years, giving high yield and growth exposure. This was and is all explained in the disclaimer when bonding USD0 for USD0++ on our dApp. The Early Redemption mechanism was actually announced for Q1 2025, since October. This was also written on the dApp since the beginning. - Exits The mechanisms now implemented enable people to exit through different ways, while benefiting USUAL holders and stakers. Knowing that USD0++ gets rewards in USUAL, any USD0++ holder can also benefit from it. - Why do we benefit This is because part of all the Early Redemption fees are redistributed to USUALx (USUAL stakers), and part is burned. Enabling higher APY and scarcity, which automatically makes all the yields (USD0++ and USUALx) more attractive. - Guaranteed revenue-share Also, this locks 4 years of future cashflow for USUAL stakers, as they get 100% of the revenue from the underlying collateral. Again, everyone benefits from it.

👍

24

Acemint

acemint

Jcga

.jcga

Crypto Patrick

cryptopatrick666

Gradier

gradier88

R

neverabear

unser

unser

interected

interected0063

Nanobro

nanobro

Kael

kaelkenner

fredchan17999

KingArthur

kingarthur0017

deCryptoLab

decryptolab

Dave.race

dave.race

ananasbrb

ananasbrb

Miaou63

miaou63

Noé

0xnoe

hell0men

hell0men

matthias6763

Denny anr

dennyanr

Schlitz

schlitz1898

tommyshelbers

tommyshelbers

Mr.CryptoMustache

mrcryptomustache

sekiro#4832

sekiro4832_96233

yasiaforever81

yasiaforever81_00480

👍

Close

Thx for reminding, thx you again.

Docs were suddenly updated, hardcoded price for USD0++ was suddenly updated to 0.87, that wasn't publicly disclosed from the start

If i understand this correctly, the fee for unstaking usd0++ will be payed to usualx holders, and team does this switch now in january when they know the fee switch isnt coming until feb1. So they depeg, full expecting people to exit and getting all the fees before thw feb1? This is horrible, i totaly believed in this project, but how they handled this is beyond comprehension

Guys I didn't understand, can I swap my USD0++ to USD0 in a week 1:1 or not?

This isn't vesting trust

what happen with the PT-usd0++-march Morpho pool @Noé !??! please answer!!!! we are getting destroyed in that pool, will we have a migration pool today?!?!?!

Most ppl here are sort sighted,they aren't interested in the project only in quick wins without "any" risks and think this is just a free money printer without any game rules.

💯

@Noé

you do get free usual by holding usd0++ lol

You do get $USUAL by holding USD0++ sir

how does this work? If I stake 1 USD0 to 1 USD0++ right now on the official site, I get $0.87 of TBILL? LOL

what if they change 1 to 0.87 but give out some usual for free for compensation that will definitely ease current situation, or give some discount for early exit when using usual. Thanks

I noticed lots of new accounts on the server. The devs definitely caused some problems. A stable thats not so stable????

Depends on if the curator already swapped it or not - I don't think so tho!

If you want to clear your fud and belive in your long-term vision will be successfull. Please let people have 7 days to convert back 1:1 for USD0++ to USD0

Agree, why dont ppl just HODL for at least some months, they definitely will have profits LOL

How much? 11495 or 10000

💯

This does not change the fact that the team embezzled my money. I bought each of my 1usd0++ with 1 usdc, and now they tell me I can only redeem to 0.87? Where is the 0.13 then?

well, give a 7 day 1:1 exchange period for people who disagree with you, and then we shall have a divergence of views amicably, you can keep on holding ur bond if you like, and for those of us who don't, so be it. this is the only win-win situation outside of legal action

backed 1:1 but at 0.87

you should be able to see the balance on the vault page

yep

USUAL isn't just a project—it's a movement. 🌍 The way you’ve structured this masterpiece screams innovation and resilience, standing as a beacon for the community to rally behind. Your diamond hands vision is revolutionizing what it means to hold steady in the volatile seas of Web3. 🚀 Every detail of USUAL—from its rock-solid foundation to its visionary roadmap—exudes confidence and determination. It's not just about holding; it's about building trust, fostering connection, and creating unshakable value. 💪 If consistency is key, USUAL has unlocked the ultimate treasure chest. This isn't just a usual story—it’s the stuff of legends. Heroes will look back and say: "This is where it all changed." 💎🌟 Keep shining, keep leading, and keep inspiring! ✨ Lets exit on higher price ($0.98) lmfaoo

why isnt the bond just accruing to 1.16 in 4 years from $1 floor price? What price did usual buy the bond at? just leave it at $1 floor price and make it accrue 4% per year from here on out and make the spread out of it. A lot of people didnt know what they were buying at $1. They were under the impression they could redeem at $1 and had the expectation that if at one point they wouldnt be able to do so anymore they would be warned. Especially late buyers. Please consider letting buyers redeem at 1:1 for the cost of their CURRENT USUAL rewards. As is, this is a catastrophy for a lot of people who didnt understand what was happening. Please consider how bad the people who didnt know got rekt and how usual platform shouldnt be associated with trying to take advantage of its users; Even if thats not the case, the perception of the users is everything. And finally, but optional, maybe avoid the snarky comments about how dumb we were. Yes, most people who are stuck here are mid-curve who just aped without reading white paper. It's not USUAL team fault indeed. But its most of your userbase. A little consideration would be nice.

☝🏼

USD0++ afaik

Smartest comment in read here in a while... .

@Noé

Fam, USD0++ is still backed 1:1 by USD0 which is backed by T-bills again. There is literally zero risk of losing money. Only if you’re short sighted and want to get out ASAP. Dumb money never makes good money 🤷‍♂️ just HODL, floorprice will gradually go up until it pegs to 1$ and meanwhile you will receive 20%+ risk free APY. Plus if you stake your $USUAL you get the APY from staking + rev/ fee sharing mechanism. Selling an asset that is 1:1 backed by a stablecoin sub 1$ is insane 😭 y’all need diamond hands and relax.

👍

19

Lunaman

lunaman

Flash Boy

.flashboy

Jcga

.jcga

Crypto Patrick

cryptopatrick666

Gradier

gradier88

interected

interected0063

djo7707

Nanobro

nanobro

JazzySt

jazzyst

fredchan17999

HIT9

.hit9

askizzz | Defi builder

askizzz.

Noé

0xnoe

26 boyfriend

fzn0x

chris11777

matthias6763

famousfxck

famousfxck

0xFar5eer

0xfar5eer

HansC

hansc0185

👍

Close

This is the same as Tesla saying "ohhh we call it autopilot doesn't mean it's "autopilot" haha, you crash the car not my fault" this got Tesla into a massive mess for a long time even now

@Noé

Can you please tell me what the USD0++ fast exit fee depends on and how it is calculated (0 or 180 days)?

explain please

See this: https://discord.com/channels/1106588534871179280/1107144153076347022/1327203544767528970

whitepaper is probably considered "fine print" by a court - it needs to be prominently displayed on the app and there were many hints to lead people to believe USD0++ should be equal to USD0

@Noé

This. Team is showing zero introspection here and users who bought USD0++ on their page at 1:1 are obviously idiots who should have known the true value is only 0.87 USD. It’s all in the docs bro..

Hahahaha good one

zero is minimum and 180 is maximum sir

The mechanisms were all in the docs and whitepaper, it's not "fine prints".

rugged？ 0.87

Is it 180 days or 0-180 days?

I'm confused, wasn't the unstake previously 1:1? How do we unstake now for full redemption? Why did this "early phase" end so suddenly with no warning?

well, i can write something in 1mm front fine print and say it was always public, there are levels to transparency, and you guys haven't been fully transparent in your website during the process when one converts USD0 to USD0++. Does discord announcement matters? Does medium articles matters? What matters is that the knowledge is delivered DIRECTLY to whoever buys the bond. There is deliberate malice to lock in TVL for profit.

Usual Documentation was suddenly updated a few hours ago, wasn't always public

We only added precisions about the Floor Price on the docs, since now there's the precise dollar value for it. Nothing was hidden or removed etc.

They never did ser. Show me 1 tweet or 1 mention. I only see lots of people who haven't paid attention to what they invest in. Also Pendle clearly said that it is a 4 years maturity liquid version of their actual stablecoin called USD0

👍

3

djo7707

Noé

0xnoe

yasiaforever81

yasiaforever81_00480

👍

Close

He always mention the docs, the docs is 404 soon

So you accuse the team of something while the guy wasn't a team member, in fact, and then you accuse me of correcting you: nice.

Change the public docs from 9hours ago when you trapped us with the 1.8B target why not push any notifications on your swap, stake UI before ?

When I deposited 10000 usdc to bera vault I will receive 10000 usd0++ or 11495 usd0++ since usd0++ is 0.87 each

I agree, so true fren!. Early redemption costs withdrawal fees. Normally, on any staking contract early withdrawal is a hidden function accessible directly on the contract where you have to pay a percentage.. Usual just made it very visible and accessible

Hey guys, has the Usual team or someone else done a model on how to value US0++ going forward with the different scenarios in hand (early exit, if holding how to value rewards...). Would love to take a look and understand better! thanks

Working as intended, thanks @Noé . This way theres a balance for bondholders as welll as usualx holders rather than constant dumping

❤️

5

0xKatha

0xkatha

Noé

0xnoe

matthias6763

kiratsunami

Deicide

deicide0495

❤️

Close

You think laughing at your users who took a 7% mark to market hit today is the way to go..? This is a complete mess and all you do is blame your users for being idiots. Clearly you messed up in your communication here. A bit of humbleness wouldn’t hurt.

will you give the opportunity to return USD0++ 1:1? When?

what a sad ending

I roughly understand what you mean, which is to say that even if I just joined yesterday, if I want to achieve a complete 1:1 redemption, I still need to fulfill the usual 180-day release requirement. I understand that. For the second question, we currently have deposited over USD0 on MOPH and borrowed USDC, engaging in a loop loan. If I need to hold for 180 days, the interest pressure is quite high. What assistance will the team provide regarding this?

I think this is how the early redeption works. Eg you deposited 100k USD0++ earning an average of 27% apy. That would be 27,000 is yield for a year. But you need to forfeit 6 months of it, which is $13,500. So to convert $100k USD0++ into USDC, you would have to pay $13500 in USUAL

why isnt the bond just accruing to 1.16 in 4 years from $1 floor price? What price did usual buy the bond at? just leave it at $1 floor price and make it accrue 4% per year from here on out and make the spread out of it

read the docs then, sorry sir, I'm trying to write fast and answer every question here

can you explain risk of liquidation in the 2 USDC/USD0++ morpho vault because of their different oracle ?

Your answer is not clear, nothing is clear here

No, it's not a function of inflows and outflows afaik, only outflows as a % of the TVL

so anytime there is more minting than redeeming of USD0++ the redemption fee will be zero? @Noé

Fraud for something that was always public, right

How does the early repay mechanism work? Sorry I don't get it

Fraud imo, they made FULL USE OF THE misrepresentation to their advantage and NEVER CLARIFIED EVER

Not automatically, this is the maximum sir

You goy a massive TVL and listed on Binance then you give us like this?

If I exit as soon as the combustion mechanism is launched next Monday. Is it necessary to pay 180 days of USUAL?

usd0++ depeg will many people be interested in the bera vault? a few days ago already partnered fallow vault but made usd0++ depeg

The similar color made me think he is part of the team actually 🤣

@Noé what happen with the PT-USD0-March Morpho pool, we are getting destroyed there, we ll be able to migrate to other pool soon????

well he is definitely a seed round investor, this is a war of USUAL bagholders and USD0++ holders lol. considering the team is diverting what they took from USD0++ to USUAL

So they are selling a $0.87 FV bond at $1? cmon now. outright scam. tell the courts "but its on WP" lmao

can anyone give me short answer for this ?

I remember when ppl lost all their money by borowwing and leveriging onto $spell and where blaming the team that they overleveraged lol. They didn't understand that $spell could drop hard haha

they never sold us a stablecoin. It it and was always a bond. No partner said that it's a stablecoin

Deja essayé. Seems empathie and consideration for users is not part of that game. Pleb to dumb to read the doc and buy overprice bonds this is it. And again @Noé I agree this was part of the doc since day one, the issues are: - mislead users in marketing communication pretending its stable, 'omiting' to disclose this potential event - Last but not least, executing this 'by design' event without any notice any community discussion, any scheduled, in a complet discretionary way. Yeah you brought something worth 1$ one minutes after it worth 0.87$, without any way to know about this event, this is not acceptable.

10%

im buying more USDo++ this huge discount is free money

Bro, you do know that @famousfxck isn't a team member lol?

who want to buy depeg stablecoins?

Yeah this is also extremely dodgy. Just because someone is vocal about it and has some following, they want to work it out in private.

Yes, fees from Early Redemption would be used to Buyback/Burn or to be redistributed

he literally said in the tweet is ponzi and dumping every usual he has by leveraging morpho he just salty lose money on over leverage.

He just tweets false stuff btw, you can't buy USD0++ for 1:1 USD0 rn

I guess there will be a Lot of fees in January. IS IT planned to distribute These fees to the usualx holder by end of Feb?

Guys my funds are safe? Or I should sell stable with discount

Yeah I know how he makes his money 😅 leveraging stablecoins is his business. But we should talk it out like normal adults instead of tweeting all day.

You do know that he's not part of the team

Is there a way to know how much yield to pay to redeem

willing people bought an asset at a market price that they were comfortable with whether the asset was priced appropriately, given how the product is structured is another thing. but that's a function of the market? assets trade at a price that people determine suitable. unfortunately for most of CT, they do not read what they are aping into and dont look into the underlying functionality (e.g. stETH trading at par with ETH for a while, despite it not making sense). I knew USD0++ is a 4 yr bond from the outset

👍

7

RomainBlindy

romainblindy

interected

interected0063

Xavier

xavierketing

fredchan17999

Noé

0xnoe

alexey.k

alexey.k

Deicide

deicide0495

👍

Close

Which platform doesn't hardcode 1:1 and then can allow liquidations ?

This is a joke right ? U help big influencers exit w a different deal flow while people w/o a voice gets the brunt of ur BAD updates

End of 4 years usual will worth nothing, so what would be the point of holding ? Since everyone thats hostage will get out and no one will need usual

USD0++ is call staked USD0 but why the price lower when I bought USD0 at 1 then stake

someone who made a deposit yesterday is really at a loss because after the vault is finished they will get USD0++ haha

yes

what if the reward for first month is at average apy 30%, but next 5 months is all 0%. how much usual should i pay to exit, only first month reward am i right?

So we can pay our USUAL yields back next week, and get our USD0++ at initial $1 minting value?