In this situation, I was supposed to be part of a community that advocates for fair rules, not a coup. We often criticize institutional finance for its actions, yet now we’re replicating the same mechanisms in DeFi. If this is the future of finance, then something went wrong from the very beginning.

Will I still receive USD0 rewards if I stake Usual now? Since the snapshot has already been taken, I’m not sure if I’ll still receive USD0 rewards this week.

Excuse me. Can Pendle's YouTube channel obtain the revenue of USD 0 given by the revenue switch?

you are one of "loser" in immediat situation, wait and you recover the USD0 in time with the Usual

We, as early supporters of this protocol, are losing. Period. That doesn’t mean I’m not going to fight this. Right now, it’s unclear how much I need to pay in USUAL tokens just to unlock my funds. To me, this feels like extortion—and I’m sorry for using that word, but if I have to pay something to retrieve what’s rightfully recorded on the blockchain, it’s unacceptable. I converted USD0 to USD0++ on a 1:1 basis and did not pay $0.87 as stated in the updated document. For the moonboys here, take a look at the liquidity pool: the USD0++/USD0 pair is completely unbalanced—$16M in USD0 against $192M in USD0++. The ones winning right now are too greedy to see the major problem ahead. Who’s going to provide liquidity for this? Where do you think you, USUALx holders, will dump your rewards? The only ones who can benefit from this situation are those able to convert USD0++ to USD0 at a 1:1 ratio and use USD0 as collateral. Those who are winning today will be the losers tomorrow. That’s a 100% guarantee.

cool

Hey, you're not losing. You need patience, things will go back to the way they were 🙏

Ah ok! Thanks for the information. So I might be wrong that there has been some redeems at the floor price then.

What about the USD0++ rate?

I’m not asking USUALx holders to take a hit. In this situation, there are winners and losers. I’m definitely among the losers, and I’m not ashamed to admit it. Sometimes I win, sometimes I don’t. I’m no longer blaming the team—they played their game well and defended their strategy with words and documents. For me, this is just another lesson learned for future investments. Thanks to Allah, my sources of income come from outside this space, and I will continue to invest and leverage opportunities in DeFi. That said, I’m not satisfied with the communication and the implementation of the Floor Price. I didn’t expect this kind of behavior in such a short period, especially with the clear intent to trap most of the liquidity and profits for the benefit of USUALx holders. You’re too biased in defending the principles behind what happened rather than acknowledging it was a mistake in interpreting some documents.

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Our dApp automatically routes through the secondary markets unless the price there is below the Floor one, so they probably didn't redeem at Floor (I haven't seen the market rate going that low). Asking more details about the UI, probably different contracts and wasn't integrated or something.

I don't, unfortunately... I just saw people here panic sell using the official site, not knowing they could use DEXs before I told them. And the treasury literally didn't budge, so yeah. Since we use the treasury to repay bad debt... I want to make sure the inflows also work properly.

This is a UI issue - I'm also confirming how much redeems there was, would you have the txids btw? would help me searching for everything

Noé, the treasury still hasn't moved, although (few) people redeemed USD0 from USD0++ at the floor price. It is written in the WP that the difference (0.13) will be added to the treasury. Is this a UI issue?

Can you come up with a solution for USD0++ holders who for whatever reason needs immediate liquidity that doesn't negatively impact other stakeholders? There is no solution that is good for the entire community. Are you asking USUALx holders to take a hit because USD0++ can't read good?

Mutes a mostly automatic and triggered by some words, unfortunately it can lead to some false positives. As for the whitepaper, it's here:

It's the White Paper. You can find it in the docs. That version was there since November.

Protecting the community was something that got thrown away a couple of days ago. For sure are not my comments to harm the community in that bad way. Where I can download the original document?

I plan to swap USD0 rewards into USD0++ especially if its trading at 92 cents. Might compound into USUALx too depending on where it trades.

Section 3.3.1. The ban mechanism is too strict, I agree. I got banned a few times as well... but I guess you gotta protect the community at the same time!

enlight me, for me it's not clear. I would like to see a clear formula but maybe I am asking too much. I was already muted for 1 hour for this

We already broadly know how it will work.

we will see what happen on Monday and how this redeem mechanism for USD0++ holders will be designed.

When new liquidity for morpho vault?? We see Adli has started liquidations for PT markets would like to avoid being liquidated and keep my position on Morpho for future rewards. Team clearly racking up the $$$ into their pockets while users with a few k are seeing their portfolio's vanish

I don't think so. everything will be converted to USDC until the pool last

Ah ok, sorry. I thought you were implying that I got recked because I didn't understand how it works

I'm totally ok! I read the WP, founder's tweets from 2015 and also some research stuff from llamarisk team! Nothing can surprise me 😎

Another thing to consider for USD0++ holders is that much of the USD0 payouts to USUALx holders will find their way to USD0++ which will push price towards $1

Mod?

100% scams, be careful

Yes 🤣🤣

Most probably a scammer Noé won’t dm

watch out for scammers, team don't Dm

I think there are more people with your name and sending private, Or is it you?

Yeah those 2nd market but gradually increase floor price also increase on 2nd market

people already bought up from 87 cents to 92 cents

new usd0++ holders get 4% apy on stable and ~30% in usual Usual gets 70% in stable, which helps maintain or rise usual price, giving greater apy to usd0++ holders

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When are rewards for usualx deposited? Is it a fixed time or hourly?

want to ask, the projected rewards USDO shown in the USUAL APP. in this Screenshot Amount of 69.04 is weekly rewards? or monthly rewards?

Those number is not magically there formula for that to gradually increase to $1 after 4 years

Nah it won’t, it will gradually go up

this is confirmed - it will go up over time.

Can someone from the team confirm this floor price of 0.87 won’t be changed lower again? I am buying if someone from the team can gurantee that, otherwise I won’t.

Not my UDS0++, the one from the protocol. This is how it was going to happen. If you read the WP you would have known.

Please be quick. Users are being charged outrageous interest.

I'm reading the docs and wondering if it's true that the Peg Maintainer could purchase all of this "depegged" USD0++ and redeem it 1:1 with USD0 and as such claim a lot of money for the DAO?

I hope you did it properly, bruh...

That's planned for later today

best guess on new morpho pool getting liquidity so we can switch over? currently with it a the ceiling the interest rate is just starting to roll up there too

Why has morpho not let go of the pool ceiling of the newly opened USD0++ 0.87 price today

Lol I like how they are pretending it wasn't indeed leaked ahead of times in asian telegram groups.

Lol geniuine question or what? You entitled to your opinion. Btc is also scam and ponzi can go to zero. See everybody has opinion.

Thank you. I appreciate it. Also, the treasury still hasn't moved, although (few) people redeemed USD0 from USD0++ at the floor price. It is written in the WP that the difference (0.13) will be added to the treasury. Is this a UI issue?

done

It is little but soon more 🙂

@Noé Can you delete my tick? I can't open a new one to explain the maths we talked about

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Sir, I see users answering to you in a nice way for now almost more than an hour. You don't need to be disrespectful in exchange tbh

it will auto compound+ give you a high yield in (US treasury backed) stablecoins

Why would it result in a death spiral for the protocol? You have to be a complete retar dio trying to burn it down than ensure a smooth transition. Don't know what tf is this baguette doing. That's not how you play long term games. Bigger than BlackRock, my ass.

U get more usual + usd0 Its a win win All u have to do buy more and stake and enjoy yield. Also can stake usd0++ after get usd0

You’ll have both

So the usualx once launched the fee switch there won’t be auto compound, right ?

Use 2nd market rate. Fee not apply in swap.

Good Job USUAL TEAM

What about the 10% fee

Make Usual Great Again

bro I also don't have liquidity right now ... i hope the price goes a bit lower so I can buy more and more & more

Just swap in uniswap or pendleswap

How to unstake my usualx

Y’all still copin’?

pls tag me if team stops ignoring and answers this question!

200m in the next 9hr ish?

Nice

Yes

As i know, the Usd0 rewards will be automatically sent to your eligible wallet without doing anything

So I can mint USD0 for my USDC and increase TVL and protocol revenue?

U can claim in usual app but not available yet.

USD0's supply increasing, or USD0++'s supply increasing (or new products)

Where's the liquidity lol? Wouldn't they need to manual unwind here.

@Noé how can tvl be increased? Could you describe the process? Who can do it?

okei, but u know how to claim it or not still

@BingChilling nice

Wait 20 jan

nd how can i claim it nd when, anyone know something?

Buy now, or buy at $10 🙂

Yeah - Where is the governance proposal or notification for this.

There new morpho wallet Mev capital already clarific and forfeit fee What are you talking bro?

how

Usualx auto compounds with no action. Not sure about USD0 rewards if you'll have to claim them or not. Assume you have to claim.

this is not defi, this is crime.

Go to the moon

Go to the moon #usual prove it together, we are bigger than BlackRock 🚀🚀🚀🚀🚀

How they are handling it with MEV Capital is despicable though. They needed to ensure that migrations were a smooth transition than cause forced liquidations with a sudden parameter change. This isn't Defi. It's a recipe to get sued. The liquidations are going to Treasury or shared with UsualX stakers is absolute bollocks.. (It's coming from someone who stands to profit from it anyway). Parameter change = sudden interest change. Forced liquidations.

Yes, and if anyone wants to join Usualx, they either buy usual or USD0++ both actions help move USD0++ higher. System works, just needs time and panic sellers to stop

Nd arrives automatically to the wallet without do nothing right?

Yes, the rate steadily increases to 1:1 over 4 years of maturity. Or else, the DAO will propose to increase the rate before its maturity.

i just wanna make it clear. for 'now' the team offers 0.88? but you will offer higher than 0.88 in the future right, since the maturity date comes close

Agree many way to make money and play😉

Correct

The more I think about it the more I think that the current situation is perfect for Usualx holders. 1.8B usd got invested in bonds, most of it got locked (1.55B left) since usd0++ holders were forced to hold to not realize lost. All of that allocation is getting milked by Usualx holders.

For $USUALx stakers, apart from $USUAL there is also a USD0 reward, right?

Best of luck, wish you a good and healthy life ❤️🙏

I feel ashamed that I seeded this. Honestly, the comms gap I can understand. But the whole issue where the founder is willingly causing forced liquidations on Morpho markets is very appalling. These bozos need to get in a room together & work rather than nuking the project's reputation for a few million dollars milked in fees. Why is Adli behaving like this...I don't f-ing know. Allow people to migrate their positions into new vaults. I get degens being overleveraged, but sudden parameter changes can create second order effects in third party protocols they didn't think about. I worked in TPRM (third party risk management) & the way crypto folk handle this is despicable.

We need to buy cheaper bruh. This thing will skyrocket

anyways, @famousfxck @BingChilling good luck with your journey, our ways split from here 🤝

Trump inagguration + we got usd0 stimmy. Time to bullpost in twitter and people fomo and we are back.

@Noé Can you delete my opened tick? I can't open a new one to explain you the maths we talked about two days ago. Thank you 🙂

For $USUALx stakers, apart from $USUAL there is also a USD reward, right?

@Noé Hi Noe, You've been absent on Discord all day! keep on Spirit bro 🫡

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NO ser ... pls continue punp.

Lol i get usd0 im fine bro. Worry about yourself.

Okay I understand that argument. That’s unfortunate.

People will come back to Usual when at 10$ probably

we dont hold the same bags fortunately, i aint touching usual eco forever, can't predict if one day they're gonna implement new rules, ya they said q1 but did it first week of january, a joke basically

I hope usual will goes up. We need to dump this and make back our losses

Please dump sub 60c so I can buy more

Talking about USDC and DAI depegging TEMPORARILY (they regained peg, did they not?) is R e T a R t E d

Gm. I am starting to discover usual; it looks brilliant.

Will dump my bags on you at ATH, respectfully ofc

i meant your usual bag, who tf cares about this usd0, im getting out for good, will come back at the top to get the experience again

I think this is very important question. but team does not say

then stopping the actions!!!

I remember that day

it's saturday, time for throwing parties not to put those functions online

Cap on Morpho will be raised today and the Early Redeem will be live early next week

Why i need to defend usd0++ lmao. It is not going to zero. Just worry about yourself

@Noé I have enough usual to burn to do the 1:1 exit, please online this function before take away my position on morpho. this cleaning is not following the whitepaper at all.

should lped usd0 on curve than this ++ thing respect the hustle for defending your bags tho @BingChilling

Usual works with overnight repos, so even if rates go up/ down it won’t have a huge impact on the project itself.

@Mava (AI Support)

If you have short term bonds the unreliazed loss on bond price is negligible.

Usd0 is not back by usdc it is usyc.

Bro that's not how bond prices and interest rates work, if rates shoot up to 5%+ then bond prices dump. There's an inverse relationship between prices and interest rates economics 101 bro

I mean the APY is incredibly high so it’s normal that you should give something in return. However USD0++ is always backed 1:1 by USD0. So there is 0 risk in losing money or bankruptcy. This already makes Usual one of the safest DeFi project in the space. The project has just yet to mature. We will have better rates, better FP in time. Just have high believes.

That's like saying why would someone hold AAPL bonds instead of AAPL equity. Completely different assets.

bro u lost them when u started spitting bs lmao

😂😂😂 and he said ppl is newbie then now disappeared

Hello Does the team plan to realize the Parity Arbitrage Right? Prolong the 1:1 redemption period? Unlock the bond early? thx

i'm losing my braincell usd0 is usdc wrapper

One question: why the next cycle countdown now is 3 h and 30’minutes left?

It's backed by usyc and m

@Noé btw there is a scammer using ur name prolly -> @Noé

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Can someone explain why we need to stake USD0++ if it has an APR 10 times lower than USUALx looks like USD0++ is no longer needed at all for users if the APR is around 20-30% If you believe in USUAL need to stake USUAL+, otherwise in not make sense?

tired some

Anyone tried opening USUAl perp position in Hyperliquid?

No need to stake sir

Revenues are great because of the TVL brought by the people who are now forced to stay else they will have a 10% hair cut. That's not a nice foundation for a company that wants to achieve great things. Revenues are here thanks to loopers, PT holders, etc. Then USD0++ holders may have opportunity cost. Theu are obliged to stay if they don't want to lose money.

are u a troll?? usd0 is literally backed by usdc and noè can confirm lmaoo how do u think they're gonna control the peg if not because they have usdc backing maybe it's time for YOU to check the docs 🤣

Usd0/usdc curve LP needs to be staked anywhere to receive rewards or just hold LP tokens ?

stablecoin $1 = $0.88 cent thanks for playing all rekt in bear amazing usd0 is usdc wrapper 😂 are you here good faith or what ? i have receipt i've been there when this thing happend if it safe i wouldn't farm here blud. i'm the target audience

we eating steak on 20th

@Noé I have enough usual to burn to do the 1:1 exit, please online this function before take away my position on morpho. this cleaning is not following the whitepaper at all.

Thank you for your guidance.

ok and bro, what is USD0 if not USDC wrapped? usd0++ is wrapped usyc usd0 is wrapped usdc if usdc depegs usd0 depegs too

You get an APY in USUAL (daily) and one in USD0 (weekly)

imagine i have to debate again over again lol dude are you for real ? you are not here when dai depeg to 0.88 and usdc depeg ? people still belive dai/usdc/usdt is safe omegalul

Wait for Noé

I assume you have been selling your usual rewards otherwise you would appreciate why the mechanism is designed this way. But the reason your usual rewards have any value is because there are people like me on the other side of the trade who want to hold usualx for the underlying cash flow. Can't have it both ways. Hard for me to believe you have that size and don't understand this concept.

lmao as if dai/usdc/usdt are gonna die, those are the safest ones, even usde is not safe lmaoooo

yeah im newbie but usualx pay in usd0 stables 😉 btc will suffer -50% drawdown all stablecoin will depeg only back by bond (ethena and usd0 maybe survive) pick your poison.

What is its profit?

Wrong, if APY goes down the USUAL emission will increase to sustain the APY. And it’s not -20% APY if you unstake, just wait on communication next week. Bonds are skyrocketing, Bank of America said there won’t be an interest rate cut this year. FP keeps going higher too and secondary markets have good rates.

u're prlly a newbie, bear market obliterates token prices thus killing the apy too , don't expect usual to stand out even if it has revenue

Usualx is all you need. You will compound your position and get paid a weekly yield which starts accumulating on 13th and first distribution on 20th

with bond sky rocket i doubt that

Thanks for the positive comment. A lot of people are short sighted. The future is bright. We’ve only launched barely 1 month ago.

APY difference: - Ethena: 10% APY(didn't make ppl lose money by holding their stable) - USUAL: 29% APY (for now, wait for bear market to drop to 2%) -20% apy if u exit before 6 months FTFY

I was lucky to farm over $50M before, and luckily, I reduced it by $40M a week in advance. That’s the crazy part of this whole story. They want people like me out of their protocol after I helped them make money they’ll probably never see again in their lives. Such losers.

Please guide me.

doenst matter to me i agree to stake and farm in defi. with bond sky rocket reach 5% 2008 level you pray you held bond tradi/onchain because all risk assets gonna dump. i bet my money in usd0++

I think a lot of folks are angry because they are at loss and would rather buy now at discount instead of few weeks ago. I'm in that situation. However, the current state is temporary and will attract new folks, because now you have high apy and buy at discount. I will need to wait a bit more before exit, but that's fine.

APY difference: - Ethena: 10% APY - USUAL: 29% APY on USD0++ AND 290% on USUAL

ya same, just that if u're gonna exit with their mechanism, they will implement a max $ amount that can exit and if you're not fast, u have to wait another week, hence losing potential yield on the capital

I’m not going to exit in a bad way. I have my strategies to minimize losses, and I’m definitely not selling at 0.87. I can handle losses around 0.98, but nothing lower.

that'sa lie bro tvl is down for ethena too. sure you can farm ethena with 10% apy, usualdon't compete with ethena different type of stablecoin there a niche in market demand back by funding rate or back by rwa back by funding rate ethena competitor is resolv wstUSR lol people farming that AFAIK @ALIREZA yes you get usual + usd0

Just let the team cook. And wait for next week mechanism. It could be that in a few months if everything is way bullish that they will increase the FP to 0.98 for example. It’s no use panicking right now. People making money on your panic.

dude u wont be able to answer that they should have sold usd0++ at fkn 0.87 not 1$, you can't deny this @andrewdubai expect the fact that u wont be able to exit next week, they will set max outflow to something like 50-60M

What happens if I hold my asset to USUALx? Do I get both APY profit and weekly profit?

dont cry if instead of unbanking tether, u're gonna bank ethena, because that's wheere the money is sadly gonna flow out

so you want to exit because panic and not following the plan when you buy usd0++ locked for 4 years ? i suggest you to follow the plan why you buy usd0++ in the first place and don't follow bad sentimen. panic seller always pay the price.

I’m going to exit as well and pursue legal action. This is definitely something that can’t simply end with losses, especially after I invested over $10M. The team thinks they can avoid legal consequences just by putting a disclaimer on their website. Unfortunately for them, the world doesn’t work that way. Enjoy our money while it lasts.

Let’s stay optimistic, friend. We need to unbank Tether. We have a great start inshallah. Revenue is great and still high, numbers are up. All great projects had some communication issues which created mistrust among holders. Let them learn from this mistake. Nobody is losing any money except those who were looping or overleveraged. Everyone’s money is safely backed.

then liquid bond is not for you. you can farm with other "stablecoin" there a lot of "stablecoin" to do that

my pln was to actually hold usual for the revenue share but now im tryna head for the exits, which will be narrow af seeing the sentiment everywhere. prolly i wont even be able to get out first weeks because it will be a race on who pays the highest gas also p sure im gonna get banned for expressing my thoughts, watch it live

what care about our strategies, we farm where is better to do

hey. if i have to hold X usd0++ tokens for getting my $usual airdrops (which is vested for 6 months), so in the case i'm moving my usd0++ position to the pendle lp, i should provide there X*2 amount of usd0++?

If it's like USUALx now, is it okay and they give me a profit?

what is matter are you plan to farm 2 week and exit ?

so u're saying i got rugged for minting it at 1$, i do have bonds in my port but i never got rugged this hard man, rwa can die imo

It's effectively both lol, it's trading at a discount and it pays interest/equity. Coupon bond not a zero coupon bond.

We know what a bond is, so stop bringing up that argument. We know where the truth lies. We can play with words, but everyone in this chat knows what the team did. Time will favor the victims. I’m not so sure it will for the team and those supporting them. Many bad actors have already ended up in prison—Sam, CZ, and Do are the well-known ones, but most scammers get wrecked in the long run. This is nothing new, and if you’ve been in this space long enough, you know the golden rule: don’t scam and don’t mess with the community. Maybe this change was unintentional, maybe—but the more time passes, the more it feels like a heist planned from the start.

@treebeard another bro saying this is a zero coupon bond-like YALL really need to find a ground if it's a CD or zero coupon bond sold at par

you can tag team he will reply but this is weekend expect slow response

@BingChilling please help to forward my message to team, please online the 1:1 exit choice before the liq on morpho markets.

Yeah, after (maybe sooner) 4 years locked it will be sure 1:1 😂 just dont exit early!

1:1?? 🤣 🤣 🤣 what 1:1 if i have to py hence losing principal

just held in wallet and stake in usual protocol you will get revenue weekly

usualX isn't affected by 4 year ser, you can unstake anytime and sell it.

looping or not is the problem, but without giving user the 1:1 exit choice, to do the clean is not following the whitepaper at all. Please stop this ridicious dirty action!!

@fredchan17999 ofc they are. Leveraged users are.

Hi, I converted all my USUAL assets to USUALx, is there anything I need to do for this four-year plan?

For USD0++ - you can either sell it for 0.87$ FP or on secondary market rates (0.92$) - or you can pay a maximum 6 months fee to redeem for 1:1 USD0. This will all be launched next week. So please don’t speculate before. The floor also will gradually go up by the time btw. If you’re angry about USD0++, you should research a zero coupon bond. This was written everywhere btw. Anyway my advice is just to keep holding like before, nothing really changed imo. APY is still very high for USD0++ and you also get good APY on $USUALx. The FP for USD0++ will go up gradually also better rates on secondary markets. The future is positive, let’s unbank Tether together 👍❤️

😂😂😂😂😂😂

I'm glad Loopers are rekt ❤️

because it was advertised to be 1:1 hyperliquid

I think your position would not be in liquidation if its not overlooped, but tbh the only bs that they did here is making looping lending markets before they said the exact floor it looks dirty announcing a lend/loop market then days after you now say the exact floor ofc many would panic, loopers get rekt.

@BingChilling would you please let the team know this? Without give user the 1:1 exit choice, to do the close is really dirty.

wait new morpho market live i'm not team lol

@BingChilling I have enough usual to burn to do the 1:1 exit, don't clear my morpho position, okay?

i mean usual back by RWA with real revenue from us treasury it always got demand this is not vaporware print money out of nowhere ethena funding rate but recently partner with blackrock so i assume in bear they will switch to bond also

So why you put your money into it, which is already told that 4 years locked?

fck if i know the protocol still exists by 2028, it's like yall haven't seen 95% of the protocols just die every cycle. Can't even trust ethena will still be here in 2028 lmao

Noe not onlie, better you ask @Adli he is the boss

They follow what project is built for, whats wrong here? Btw noone got “trapped”

usualx hodler

exactly, id have no issues buying in at 0.9 having the floor set at 0.87, at least we agree on the same point.

Who can explain? Yesterday and today I’m wondering where Usual placed 200 million of the delta that was formed after the depeg there were 1752 million minted usd0 - these are assets and 1533 million USD0++ are liabilities then a light movement of 1533 was multiplied by 0.87 - 1334 million obligations remained those. 200 million left in pocket Where?

hi. what is floor price and why it was lowered?

@Noé I tagged you on a question: why not giving back the proceeds of the liquidation to users trapped in the pools instead of giving it back to USUAL stakers.

it was written they will implement in q1 2025 treat bond like it suppose to do not treat bond like crypto coin it has staking utility for you to farm protocol while waiting maturity tradfi coupon just collecting dust

I do think the floor rate should've been there from the start, and no hardcoded $1 markets. But it did need to happen eventually, and it was known this was coming at some point.

yeah that answer is like january 1, you can technically read the newest blog posted today and you can find your answer. Im not bias to the team tbh but I can read. They fk YT too by not giving it real yield even tho its usualX 😂

yea i see, again legally no other product does make you lose 10% of principal straight because day after u bought in they decided to implement new rules. Good concept but they literally pulled a rug on us. can't blame them, that's HONEST work!

exactly people don't understand it still count $1 per point if you stake pendle or farm protocol. it's only lose value when redeem early.

Yes that's why I said it's not a CD, it's not like a product like this has existed before. I used a CD as an analogy to make it easier to understand a scenario where you'd buy something 1:1 but instantly see a "loss" if you want to redeem early. 3-6 months is standard for CDs specifically. It's also liquid unlike a CD

It’s Degens mama. She’s from the management team I’m not talking about BoT

ok fine, but CD have a fixed rate, not a fluctuating rate depending by usual price, so you're praying on the downfall of the token to pay less to exit again the main problem here is the amount of loss that someone is going to incur, a 2% loss would be fine not this sht at 10%

on bybit and kraken when?

you just hold the voucher right ? can you use your zero coupon to farm pendle and berachain vault and get airdrop the keyword is "liquid bond" you suppose to stake 4 years and farm defi that's the utility

that is a bot, redemption said would be activated next week you can check at # 📣ㆍannouncements , tbh weakside of this team is lack of comms if it weren't from the OG's this discord is on hellfire now 😂

You guys want to have high APY, rewards and early redemption without any penalties? 🤡 then dumping the token? Is that fair for long term real investors? Plz hold and dont get panic, everyone will get back everything with good profits

You think it is the right time to redeem treasury money at this moment? While the retail investors are in panic?

It's not a zero coupon bond and has never been. A CD (in my analogy) is also not a zero coupon bond.

agree @Noé and team just ban those new bots / scams crying like little bitches...

@Noé will there be some info about this?

because it's from treasury money raises in VC your money locked in bond.

bro if i go to the bank they're not selling zero coupon bonds for 1$, and anyways if I wanted to get out, I would simply pay a fee of 1% because the bond is liquid!!! not a 10% loss @treebeard we bought bonds which are liquid and can be dumped on mkt, if they ere to dump the bonds, hashnote would just do it for a 0.1% fee since they are short dated bonds

Banks don't sell 4-year bonds at 1$ value; they sell them at a discount. However, USUAL was sold at 1$. Of course, discussing this with you is probably meaningless since you're just trolling

This is from your management team. Said there is no plan to implement early redemption in Jan. You fooled us?

Why can the team exit 1:1 in isd0++ theb?

180 days is the _maximum_, and an analogous product (not the same) is a CD that charges 3-6 months of interest as a fee to withdraw early, even if you didn't earn that yet. Fairly common approach with products like that, although usual is quite different obviously

you buy 4 years locked version bond and want exit in 2 days ? yeah right bro. you go to bank and do that. atleast usd0++ you can farm pendle/beravault and get airdrop stake your usualx get more usd0 again you don't lose your principal if you farm pendle/beravault you count $1 per point

Is it possible to exchange usualx to usual now?

bro I got in 2 days ago, what yield did i even earn to offest paying back 180 days of yield? did i get in a prison or what???? that's why either i face a principal loss or im locked in for 6 months. I think you are the one that doesn't understand anything in this chat

Yes

They don’t answer because they are design mechanism right now together with their lawyers

bonds are only 4%, if you lower the floor you need to have higher % yield of bonds to do that

you don't lose your principal lol. you farm pendle/beravault it count as $1 earning same point if you stake $1 usdc what you mean in losing principal ? you losing when you want early redemption give back the yield you can out. fair to me. if you dump usual since day 1 you can buy back 2x usual and exit. ussual is drop -50% from top is that make sense to you ?

which fud if it's the fact im losing 10% of principal and it's not 1:1????? please tell me i can exit 1:1 without losing principal and I will stop

of course I will, could you please give user the exit choice before clear my positions? What you are doing is really wield. I have enough usual to burn to do the 1:1 exit

Don't ask too much from trolls

You might want to read it again, because it's intended to be variable / set by governance based on underlying yield rates and time to maturity

🤡 I saw funny ppl spamming questions here for which they didnt know anything correctly at all

I am seeing so much incorrect information and fake FUD. Unbelievable this chat. People I have never seen in this server suddenly starting to pop up and spreading FUD, with 0 messages before.

well if they lowered the floor again, then I think that would be the time that it is a fraud, since at their documents clearly stated 0.87 if you compute the formula given there lower than that and you can definitely sue.

it was assume floor price of 0.87 which is in market floor price was 0.93 also if you stake usualx since TGE you probably can exit + some profit @catscrolling for morpho you need to pay morpho your borrow APY USDC

@BingChilling why u defending a project making me lose 10% of principal, go to sleep, devs can't even answer or make everything clear instead allmymoneygon we are all a joke and they're having a feast rn

It is important for people to understand that .87 isn't some arbitrary number. It is the price at which the DAO is incentivizes to redeem USD0++ because the profit earned compensates for the foregone yield that would have been earned by the underlying treasuries during the 4 year lock up.

The team has been closed off, lacked transparent communication, and exploited users. Is there any guarantee that this won't happen again in the future. This is what I worried. What if the team lowers the floor price again without any prior notice? At that time, the team will say again, 'We had no choice but to do it to prevent front-running

Look, exchanged it 1:1

if you give the people 1:1 exit with usual burning, there will be no bad debt at all. What's the price of usd0++ you are using now for these hardcode 1:1 positions now?

it was said early unstaking will be implemented in q1 do you even read ?

You should pay 180 days interest!! not you earned untill now

damn bros @불장바라기 we aint getting any reply

Totally agree this

We promised to exchange at a 1:1ratio, so this wont work

bad debt borrow apy sky rocket

I understand, but important parameter values are missing from the white paper. At present, it has not been announced. Who set this value? The team the final say. We are all lambs waiting to be slaughtered now

Definitely without notice. If there is notice, lock value will become zero

what if I have enough usual to burn to exit at 1:1, why need to do the clear the morpho positions?

im stupid bros 1:1 Early Unstaking As announced, one of the new features will allow users to forfeit a part of their accumulated USUAL rewards over a maximum period of 6 months to guarantee the 1:1 ratio. Depending on weekly withdrawal demand, this percentage may be lower. This functionality will be activated next week, as previously announced. All the details will be shared in the coming days. does this mean i have to pay also for the rest of the rewards thus losing principal or just give up whatever i earned until now? @Mr. Lin plz dev answer @Noé nobody understnading anything

Could you confirm something? @Noé In yesterday update, the team updated the price floor without any prior notice. Is there no risk of lowering the price floor further below 0.87 without notice? The current price floor of 0.87 seems to be based on the assumption of a 4% FED rate. If the FED rate rises to 5% or 6%, is it possible for the team to lower the floor price below 0.87 again and carry out liquidations, just like you are doing now, without any prior notice?

The website says that you should pay whatever you earned until now. However the whitepaper says that you should pay 180days interest which is currently 0.13$ worth of usual when redeeming 1$. The team is saying that whitepaper is right Almost soft rug I think

floor price 0.87 ? you can trade from $0.87 - $0.99 @417873 your money with trump you buy america debt locked for 4 years in return you get usd0++ token you can farm in protocol like pendle/beravault @Nanobro yt pendle dont get usd0 only usualx holder

dude read the WP for once omg I'm not part of the team .....

i asked about pendle yt usualx. not morpho. hmm

Does the size of this parameter depend on the team's mood

I cant get in touch with trump

Makel pendle USUALx YT get USD0 Yield, please

Then Why all people dumping at 0.92 now?

this is not same thing this is morpho market the rewards goes to usualx only yes

where does the reward go then? channelled to normal usualx only?

So team dev can buy the usd0++ at 0.92 and redeem at 1. How a GREAT project!

dude there is a formula ... and we don't have the values of the other parameters now ...

This might be a good information for the team to amplify. A lot of people seem to think that the natural price for USD0++ is .87 because that is the low limit. In reality this is the value of the underlying bond at something approximating prevailing interest rates. But of course that is not the whole story because of USUAL rewards. The bond price should also include the NPV of Usual rewards which could be the projected sale price of earned USUAL over time OR the value of USUALx earnings if the user stakes. I know this is a PR challenge but if people understand this concept they will realize that the current market price is somewhat irrational and could not have been predicted by the team in the way it is currently be framed.

It's not based on usd0++ price, it's based on the formula in the whitepaper (need to know weekly target outflow rate first)

Be smart. Looking at the current usd0++ price. It tells you mostly like 5- 6 month no matter what

it was from treasury funds raise from VC your user funds lock in bond. go ask donal trump why bond require locked money. @Nanobro no

Why the team can redeem 1:1 but user cant? Plz explain

Does yt usual get protocol revenue?

That’s how they accrue value to USUALx holders (aka team and insiders)

Read the PAR section of either the docs or the whitepaper. Also 3 accounts writing the same message back to back is sus

So many poor guys, life must be hard

treasury fund from vc your money locked in bond.

Any project itself is 1:1. This is to prevent possible bad debts from being settled, even if it is deducted. Don’t 13% also go to him?

Yes.

Is the team redeem 1:1 while we cant? Please explain

Is the team redeem 1:1 while we cant? Please explain

Why the team can redeem 1:1 but user cant?

6 month is the maximum could be way less

Why your team change 1:1. Not 1:0.87

For the redemption program coming next week, we’ll have to give back 6 months of rewards no matter the holding time? I mean are we locked for 6 months in this?

@Noé how about the ones not suitable for the new morpho market(too much usdc borrowed, the new-market-oracle is from curve, not 1:1 right?). are u moving it or not?

morpho read latest annoucement @andrewdubai devil advocate if tether slimmy slime snake can survive in EU even delisted in exchange what could worse than that ?

@Noé will usualx held in contracts (e.g. safes) be eligible for fee distro?

Thank you @BingChilling

no different to USDT or USDC right

https://x.com/usualmoney/status/1878063870394188065?s=46&t=np2Ac2ferBPElmbNivK4qA

Usual (@usualmoney) on X

As outlined in this post on Morpho and publicly stated, Usual is actively ensuring that there is no bad debt in the lending/borrowing market at this time\. All proceeds from liquidations will flow directly into the DAO treasury, ultimately benefiting USUAL holders\. New Morpho

Twitter • 01/11/2025 07:58:14 EST

this is for morpho dude if you just staking you are fine

Wht. Is. This???😩

I recently transferred some usual coins to usualx coins using the Binance wallet interface. Do I need to take any further actions regarding this transaction?

cool, thanks for the info👍

What???

yes if you want usual + usd0 get out from pendle if u want usual + more usual you can stay in pendle

Is pendle still being excluded from USD0 staking rewards?

Correct

This agreement is currently his one-man rule, and any decision made on Douyin can be referred to as DAO by him. Change anytime

how about the ones not suitable for the new morpho market(too much usdc borrowed, the new-market-oracle is from curve, not 1:1 right?)

Hi @Noé, quick question. It is my understanding that new money purchasing USD0++ will get routed to market price USDO++ up until USD0++ is trading 1:1 with USD0 at which point new USD0++ is minted to fulfill the request. is that correct? And therefore in order for TVL to grow, USD0++ would have to return to 1. Is this correct?

Positions are transferred to a new Morpho market.

so without giving user the exit option which is early next week, you just started to liquid the positions? it's wield

@Noé wouldn't it be fairer to give back the liquidation proceeds to the people you are liquidating? These liquidations happened because you have decided to put the interests of the USUAL holder in front of the interests of the users. Now the liquidations proceeds will go to USUAL stakers, again putting the interest of USUAL holders before the users. What is the rationale behind this?

Lol so the team can redeem it at 1:1 but the not the users

Check it on the Portfolio tab, scroll down to USUALX stake section

I understand. can we do the same action? so we are going to act in a fair market condition. we still have USD0++ and we want to dump as soon as possibile and leave this. I suggest the team to find a fair evaluation on this issue. we are to take losses and maybe walk away, too many losses we are not going to walk away friendly

In balance?

@andrewdubai

U can see your amount of USUAL increase over time on debank

is there any exact date for redeem mechanism announcements? @Noé

200m$ incoming in a 10h or so

Yes, that’s how it’s done: When a user’s Loan-to-Value Threshold (LLTV) is exceeded, but the market conditions make liquidation unprofitable, the protocol steps in to manage the situation. It takes the user’s collateral (like USD0++, PT, or USD0++/USD0 LP tokens) and processes it to repay their debt. These assets are withdrawn and converted back into USD0 on a 1:1 basis, ensuring the system remains balanced and debts are cleared without unnecessary losses or instability.

my concern are not related to the project anymore or to the faulty team. if a judge ask to suspend and freeze all the assets our USD=++ will worth nothing

noo your still count $1 if you farming in pendle/beravault. ony when you want early redemption in defi ecosystem still count as $1

Is pendle still being excluded from USD0 staking rewards?

I have a question, is it possible to track the rewards generated from the $USUALx staking through DeBank?

😔

@andrewdubai that arbitrage made 1.5mio to 3mio (between morpho pool and the 1:1 withdrawal)

exactly, brilliant model, and start liquidations before the new markets are ready so they cant exit

10 hours i guess it was next 13 hours from 3 hour ago

Digging for one day but returning up to 180 days of profits. Isn't this a loss of principal

When will the new market be refilled?

thanks @Noé but I am was referring to the other transaction where the team exchanged 4M of USD0++ for 4M of USD0 (the exact value 1:1)

All people who got liquidated got their money sent to DAO Crazy

The second early redemption method isn't live yet, should be soon if I read right

How does it make you lose the principle if I can ask? I have a lot of USDO++ but I am also a staker of USUALx. If I want to exit my UsDO++ at 1-1, from what I understand - I give back a portion (1-180 days worth) of yield

https://x.com/usualmoney/status/1878063870394188065?s=46&t=np2Ac2ferBPElmbNivK4qA

Usual (@usualmoney) on X

As outlined in this post on Morpho and publicly stated, Usual is actively ensuring that there is no bad debt in the lending/borrowing market at this time\. All proceeds from liquidations will flow directly into the DAO treasury, ultimately benefiting USUAL holders\. New Morpho

Twitter • 01/11/2025 07:58:14 EST

will usualx held in contracts (e.g. safes) be eligible for fee distro?

The website says I will only lose the profits I have mined, but the new rules require me to lose the principal. You misled everyone.

yes, 65% loss on investment overall