watch out this scam！！！

where did you see that amount?

I don’t need it soon, but I also have 0 usual afaik. Where can we check? Do we still accrue usual tokens if we have PT USD0++?

Again? Lol It was said early redemption was enabled in q1 it doesnt matter what the floor price was. End of maturity you get your money + apy.

Your team has not considered at all the incremental TVL users that will be provided after TGE, who are also contributors and builders of USUAL, but because of this less than one month's gain they need to pay for half a year, that's the USUAL team's doing whatever they want and being evil

Usual, become up. Great

will yt-usualx get revenue switch reward

When do you need the money? You can get 1:1 if you keep farming USUAL and then pay enough

Very helpful lol. Rephrased: What is the best course of action moving forwards to minimize losses? I didn’t stake usd0 for it so I assume I’m not earning Usual rewards

https://x.com/DefiIgnas/status/1877636470690967704

Ignas | DeFi (@DefiIgnas) on X

Usual edited their documents to state, "the floor is set manually to 0\.87 USD0\." I read it previously and it wasn't here\. Does anyone have a screenshot of how it was before the edit? Did they just allow degens to jump in at 1:1 and then rug the USD0\+\+?

Twitter • 01/10/2025 03:39:54 EST

can usd0++ go back to above 0.95?

Depends

If I bought PT usd0++ with USDC on Pendle, how fk’d am I?

usd0 bond yes not other stablecoin

Usd0 is backed by bonds or some other stablecoin?

WTF?A daily limit of 50 million USD

real, good for usual nobody is going to kick start a stable coin project a second time this way. i am real bullish!

Will be added tomorrow morning, read # 📣ㆍannouncements

https://x.com/usualmoney/status/1877870480268390682 The new liquidity pool needs more USDC. Why aren't they taking action?

Usual (@usualmoney) on X

Please find our update about the Morpho markets: Usual asks users to migrate their positions to these new markets as soon as possible for obvious reasons\. Rewards for positions in the old markets will be deprecated\. Please find our morning statement about Morpho situation:

Twitter • 01/10/2025 19:09:46 EST

10x on morpho and dead now，that's terribble

Can you at least explain what happened to you and how? Did you sell at .87 or something? Doesn't seem like anyone got hit THAT bad.

If you're spending Friday night fudding something you claim is worthless then that says a lot about you my guy

Jeets out chads in

https://tenor.com/view/chad-giga-chad-disagree-i-disagree-gif-24473174

@fink is Paolo's lap boy. Keep that 5B a year coming! God forbid ownership of crypto's most valuable product goes to users.

hi, i need help i want to send my usual from binance to staking usual in web https://app.usual.money/, can y give me toturial maybe ?

It’s simple tbh. Look okay criticism is fine but if you’re blatantly insulting people it’s not. If you’re an USD0++ holder, either sell now if you’re unhappy or wait until next week and then decide. If you got rekt by looping with leverage that’s 100% on you. Anyway USD0++ should be redeemable for max 6 months in fees. Small wallets could probably unstake in max 2 weeks or so idk

👍

Like someone said, I wouldn't be surprised if he's being paid by tether or something along them lines

take out from pendle

Yah I mean I don't mind criticism of mechanisms but saying I am shilling for exit liquidity like what does that even mean? If I unstake my usual then Usualx gets paid. I don't know how to hurt this project other than fudding adoption which I'm trying to get you to stop doing.

Hello I have a position on pendle usualx pool for 2 weeks Am i éligible for the usd0 rewards on monday ?

Noobs still crying? Ban every idiot with stupid comments

@Mr. Lin mute this dude, been spreading FUD all day long non stop like he’s getting paid or smth

313k bro lol that assume usualx goes to zero yeah inflation outpace me i'm scare i rather hold btc with 30%-50% drawdown atleast i beat inflation by down 30%-50%

I feel like this must be a paid tether fudder. Hard to explain why else someone would waste their time in a discord trying to make the project fail. What are your motivations? Makes no sense.

I think some folks got bit mislead by own greed. or did not want to understand what product they where using as long yielt is high. the usual insider cowboys did what is needed to kickstart this project.

UI issue will be fixed

it's already locked when it goes to 0.87 it doesn't matter what i think. that's how bond and maturity works 😉 i just do nothing and claim rewards

hi,my staked USD0+ position is droping,is that normal? Should it be stable as 1:1 to USD0?

You think this can hold 4 years? Lmao

this is for 4 years lol i still breakeve + profit even usualx goes to zero 😉 cope harder lmao

we eating good tonight

U FUd too much. Sell and leave

Good luck trying to buy back when FOMO starts

if i buy now, will i get a bonus because i supported during the dark times?

That's pretty good as stable revenue share, no?

lmao cope harder

why I got -100%APY on my yt position???? anyone knows why

Morpho revolving loan users need to consider that we provide a large amount of liquidity and then suffer the most serious losses!

you got usd0 reward lol weekly for 4 years. thanks for playing. dump more gladly by more

It sounds like the protocol routes you to discounted USD0++ instead of direct staking. Can anyone confirm? If so, you would expect USD0++ to go to $1 because all new inflows will push USD0++ higher. And it seems with USUALx yields, the opportunity will be compelling to new money. Can anyone find an error in my thinking?

What do yall think realistically about the price in 1-2 months?

HODL strong!

what's happening with USD0 price on debank lol

Trust is gone between certain users and protocol. Not all. In time, there will be new users and the old ones will have gone. This is just how it works. Now it's up to the guys to not make the same mistakes with newer users. Think about it, the revenue switch once people post how much money they're making each week will bring it many people . Also just to add the users that will leave are the most upset ones rn and they weren't adding long term value to USUAL.

seems more to be cope on your side ser, doesn't look like they lost anything

these people think usd0++ makes the protocol bearish

Trust is gone between users and protocol. They intentially misled them

i dont cope i do my math lol i have my principal back + usd0 from usualx + usualx 😉 go buy fartcoin or cabal coin and getting dump enjoy.

Sounds like this was incorrect. It does give best rate. I haven't checked myself because I don't have any USD0 but apparently if you actually do it instead of just checking UI with empty wallet it gives best rate.

Asian session

Every business has made mistakes, doesn't mean they close shop after that. The best businesses learn, iterate and get better. Let's see what happens. Don't be naive and emotional.

Dude USDe, DAI, USDC all depegged like crazy. In crypto you can’t be prepared for all situations that’s impossible

Exactly

project gonna be fine underlying product still good and keep building more feature for longevity. look at sol chain down ? look at tao get hack ? look at eth hack ? it was way worse

that reveals the lack of preparation, professionalism or eventually everything was just orchestrated in bad faith. How this project can go on with this level of fragility?

I sent you a friend request. Can you help me via DM, please?

Usualx is still showing yield. So if that is case as you say wouldnt Usualx go to zero also?

Yeah usual website had an UI update maybe they forgot the API

Wait so how do I use my usual token to vote and propose on governance? Where is the governance url? Wheres the github? Maybe im blind

noo you are not eligible for usd0 reward if you stake in pendle.

Stake

I’ve completed the staking of USUAL and received USUALX. Now, should I place the USUALX tokens in another pool or stake them again? Please let me know

its not release bybit or something else crypto web? @Noé

This is on all USDO contracts. All other contracts just fine

There is a scam trying to impersonate usual money on twitter claiming for a vote be carefull : ( usaulmoney.app)

Hi, Im curious where I can use my governance tokens to propose and vote/

https://x.com/usualmoney/status/1877870480268390682?s=46&t=np2Ac2ferBPElmbNivK4qA

Usual (@usualmoney) on X

Please find our update about the Morpho markets: Usual asks users to migrate their positions to these new markets as soon as possible for obvious reasons\. Rewards for positions in the old markets will be deprecated\. Please find our morning statement about Morpho situation:

Twitter • 01/10/2025 19:09:46 EST

did you not see the short squeeze and all the shorter get liqidated ? yeah "risk free strategy" lmao there is no free money, you will pay when due.

I’ve completed the staking of USUAL and received USUALX. Now, should I place the USUALX tokens in another pool or stake them again?

Yah, I think the real suckers at the table are people buying and holding USUAL on binance and not staking it. Seems unlikely that will play out well. The staking rewards protect you from dilution to some degree. I'd rather be an uninformed USD0++ holder than an uninformed USUAL holder.

Are you sure ? Ui issue to about reward pending who disapear but am in this pendle pool maybe from -100% who is display too

sure bro keep shorting i want buy more and get usd0 yield every months for 4 years i still breakeven + more money even tho usual goes to zero

Agree. But still communication could have been better, especially being first to do this. No idea why Morpho was allowed to build such a high TVL market with 1:1 hard peg and 90% LTV? with no warnings. Team has responsibility, DeFi is still a tight community and we are up against giants. @DukunChilling I might add, same people now buying USUAL for yield and shorting on perps, thinking its risk free strategy (this became mainstream with lots of Twitter threads). USUAL funding fee on Hyper now -220% LOL

UI ISSUE

how ? it was written early redemption will be enable when q1

Wonder why usual yield stopped on USDO on Pendle

When the yield is high, ask yourself where the yield comes from, in $USUAL’s case, the yield comes from token emissions more than anything, thus the token will just continue to be sold, since there is little to no real yield, not comparing to the USUALX apy anyway

💪

I'm starting to think this is the real Larry Fink and he put a decent chunk of AUM in USD0++ that is due tomorrow.

same people not buying sol at $8 instead of $200 same poeple not buying btc 16k and calling btc scam ponzi and buying it at 100k same people not buying tao below 200 when got hack and chain shutdown calling centralize vaporware etc

nah connect your wallet with real balance the router will route you best rate. @Nez same people always call early project like that. it i called lindy effect because ethena pioneer. same with usual the first liquid bond token you can trade and arbs might as well get yield.

Anyone notice all Usual yield just stopped on all USDO++ contracts on Pendle?

Why doesn’t everyone just buy and stake UsualX. ApY seems high

This is a valid criticism. Should swap to best rate instead of direct stake.

I have been doing funding fees arbs since 2018, probably one of the first to do it with size profitably. I was very curious to see exactly same system implemented on protocol level. So no, I did not call it Luna lol I understood it 100% day 1 and profited a lot in Season 1 due to short season. It has its risks and is centralized but nothing to do with Luna type... People who call it that way, just lazy.

can I cry?

Team, you should put a warning on your dapp. ppl swap USD0 for USD0++ higher than secondary market (current swap rate is $1 on your website).

i farm ethena s1 buying YT on pendle did you ? probably not because people will call it ponzi and algostable like luna/ust am i right ?

broo it was already painted bad image. same with ENA people call it ust/luna and have twitter space all day long talking ethena not sustainable. lmao every early defi project get this same issues. there always pros and cons. even today some people still calling btc scammm

I get it tbh might be my mistake, the think is I was here at the beginning I was told u exchange usdd to usd0++ to get pills for the airdrop didn’t dig any deeper my fault of course but didn’t know there is a potential loose of peg, idc tbh might not be here for 4 years but yeah I guess it’s okay if it fluctuates. But to he totally honest too their communication is not smooth or for everyone to understand. I get it, it’s a sophisticated product they’re trying to do to run a business while redistributing to the community. But idk maybe a video would help to explain the whole process. Anyways thanks for the reply Lot of FUD going overall, if it overcomes it, will become stronger

It was very poorly executed, leaving at 1$ to allow some people to try it seems ridiculous reason to cause this chaos, USUAL price dump, TVL exodus, painted bad image within many DeFi communities. Team partnering with MMs where Oracle was hard pegged to 1$ and yield trading like Pendle. Does not make much sense. TBH, knowing French people they might have done it on purpose, poor communication, no disclaimer to REKT leverage traders and those that do not read and benefit USUAL stakers. I personally just bought more USUAL <0.6$. Sadly, didn't sell any rewards when it was 1$+, so my APY has been quite poor last weeks.

Its hard to say, you should read all the docs for sure. If you are risk averse you can buy USD0++ and get USUAL rewards over time which you stake for USUALx and build you position that way. If you are more aggressive you can just buy USUALx. I've done some of both.

No

it doesnt matter now later you suppose to held 4 year maturity and burn your reward if you need early stake. pegging $1 is benefits for some people that want to stake and try what liquid bond is and can leave anytime. in the expense of team need always rebalance pool it was written it will be implement q1 early redemption

Seems pretty clear that the best strategy is to stop dumping Usuals or selling USD0++ at loss and stake Usualx instead to enjoy the nice yield until all this fud goes away and price recovers (which I bet it will if we all chill a bit and just hodl)

guys, we need to short USUAL to zero, then we can buy cheap and redeem our funds. this is what the team wants. let's put additional 1.6B of shorting pressure on it

I love the system now. But it should have been set 0.87$ from the start without hard pegging to 1$ for whatever reasons. Its called Zero-Coupon Bond for a reason. Or at least should have put huge disclaimer peg will change.

do we know if all our UsualX must stay in our wallet during an epoch to qualify? like what if on Thursday i need to sell a small portion of my USUALx? would that disqualify me for the entire epoch?

Hey guys I’m new to Usual…… just seeing all this friction. Is it best to just buy and stake UsualX with a long term perspective?

everyone is saying scammers fraud etc The best twist would be they secretly from north korea 🤣

yes it clearly said long term and short term maturity bond literally 4 years if you want to farm unlimited APY they are other option to do that. bond may not be best for you it need hold long term until maturity end. you can exit anytime if you burn usual buy from market or earn from rewards many options.

Lot of what ifs here. 🤷🏻‍♂️

Per month

on the earn page it now shows the apy and project rewards. is the projected rewards per week?

i mean you can unlock in 6months by burning your usual. you don't need wait 1 year.

Lol DAO is just a team. Team made a mistake hard pegging to 1$ instead of starting as 0.87$ from day 1 with no disclaimer when buying USD0++ 1:1. They won't acknowledge that as they are very proud. Best to move on.

I have more sympathy for this grievance. I was tempted by PT too but didn't want the additional layers of smart contract risk and I knew this might happen. How much is PT going to lose at maturity? How much would you have made? Also, why is everyone so convinced that USD0++ won't trade higher in a few days/weeks/months. Personally I think it should be close to $1 and market is wrong here but I might be wrong. For morpho folks, yah its tough but its weird that people feel entitled to lever their portfolio to the gills with no risk. All stable coins can temporarily lose peg. I don't know, just doesn't seem that bad for anyone relative to the volatility of crypto in general. If you don't want risk you can always park your dollars in blackrock. I lost half my net worth in a solana stablecoin farm a few years due to a smart contract bug. Was very dark.

There is no DAO at this point

i'll take my chances and bet not gonna happened

Usual holders will be accountable for losses?? What world are you living in buddy lol

We Gucci.

UI is monthly and will be distributed weekly.

Im not buying this. Team was borderline fraudulent. They knew what would happen. I cant believe they did this.Trust is ruined between its users to boot.

and just like that 2 of the biggest protocols prepared a nice trap and did not care to maybe communicate/warn?

The “projected rewards” is for the total monthly revenue switch or weekly distribution?

Usual had no say in the value of the PT’s, those were determined by the market due to USD0++ being pegged to 1 USD before TGE and earlier etc

Do you mean looped PT on Morpho? If not, PT buyers still have all of their principal, i.e. it'll always be redeemable for a fixed amount of usd0++ at maturity. Dollar value dropped sure.

exactly all the 'noob read the docs, its not stable' well ok but what about PTs, why offer them when it was clear not profitable - sus or incompetence?

Brother I loved this protocol. But these guys knew people buying PT would lose money. And they bribed the pools to boot. I have to call a spade a spade.

Dude, I haven't sold a single USUAL or USD0++. Only bought. Weird way to take advantage of a "ponzi scheme". This isn't complicated. If you play the long game you will get your principal back and your equity might be worth a lot and it might be worth nothing. If you sell your USUAL every day you will make a nice return that would be the envy of the best capital allocators in the world. If you sell in and out of USD0++ I honestly don't know what you are up to and you might lose money.

you literally buying wrapped tokenize version short term maturity bill US tradfi product. if it's ponzi sure bro T-BILL is ponzi then

By that definition every single fixed income product is a ponzi scheme To respond to your edit: never said usd0++ is a fixed income product, read my message more closely

Are you invested?

yes the floor price gradually increase you get back to $1 technically in 2nd market if high demand. floor price is 0.87 2nd market aroudn 0.92-0.93 so technically you want redeem early (need money for emergency) you payback less than 6months interest if you stake your usualx

She calls me her zaddy

Okay, lets think about this for a second. The victim you are claiming exists is someone who deposited yesterday. Thats a tiny number of people. Good news is even the worst off victim will be made whole in like 2 months by doing absolutely nothing. How about the ones who have been in USD0++ for a couple of months and have been dumping on me while I stake? Were they stealing from me? They probably have more money than they initially deposited in USD0++. Like what are we even talking about here?

how long until it is back at 1? 4 years, correct?

peg will close to $1 end of maturity nothing is broken. it is liquid bond token that has maturity date.

Did you read # 📣ㆍannouncements ? There’s a “unstake” fee of max 6 months

Ok too much yapping for today see you all tomorrow try to avoid having a stroke usd0++ hit its lowest at 0.9 and it's already at 0.92 right now

take some chill pills

To all usual team The issue lies in the fact that the protocol is unable to forgo the yield from the bonds backing USD0 when a user unstakes USD0++. This problem could be entirely resolved by imposing only a small penalty for unstaking USD0++ and having the protocol sell the bonds it holds on the market at a discounted price instead of holding them to maturity. Why is it that the project cannot forgo the yield from bonds that have already been issued? If the peg between USD0++ and USD0 is significantly broken, people will lose interest in this project. Please do your best to maintain the peg as closely as possible using methods like the ones mentioned above.

Looks like it's probably a usual API issue since pendle also reporting 0% underlying apy. It'll get fixed

This project is only for people who understand time value of money

What other projects? I think you have the wrong person. I go out of my way to tamper down excessive bullishness because I know it doesn't end well. I do what I think is best for any project I am involved in. I do get frustrated by people who don't read and then get mad. The reason is that there is a very powerful cohort trying to prevent crypto from existing. It has always been that way. When people don't take responsibility for their investments by doing a couple hours of reading and thinking, then the Gary Genslers of the world come along and say "see, they need us to protect them. No innovation allowed!" Not the world I want to live in.

UI problem and onchain still accure go ask veda discord they maintan beravault for usual.

Since i stake Usual using my Web3 wallet everything is fine with the rewards right?

when u buy usd0++ you agree you lock your token 4 years. if you need money in tomorrow or 2 weeks just long AI coin or meme coin you will get money or lose money. why is it matter it worth 0.87 ? in fact i would love if it worth 0.1 that mean i can buy bottom and guaranteed 10x in 4 years maturity date.

???

No unfortunately not, Pendle is a yield trading platform. Only if you hold it in your wallet

no get out from pendle i also out from pendle if you in usualx pool

No

do pendle USUALx holders get the USD0 rewards as well?

Pump gang

readd dude read

https://x.com/leo_escobar_/status/1877725495166673055?s=46&t=ODaqoZre1c8J49wK5RkjZw so usd0++ is not a $ pegged coin?

leo (@leo_escobar_) on X

Usual's USD0\+\+ Depegging : A Lesson in DeFi Complexity

Twitter • 01/10/2025 09:33:39 EST

I have USD0++ and am not upset at all because I knew this was a risk and don't care what USD0++ trades at. Not sure why so many people claim to need immediate liquidity. Like maybe if you need dollars tomorrow they shouldnt be staked or even onchain at all? And like @sonnykeys said, these people have obviously been dumping usual constantly or they would understand how the protocol works. I honestly don't mind if people claim and sell usual. Thats the game, sell or stake and we'll see how it works out.

everybody earn usualx you decide to sell i decide to hold. why am i getting punished by holding usualx and keep being your exit liquidity? and you dumping everyday get rewarded ? you could stake usualx earn money and you can exit anytime you want. looks like win win win for everybody. but you decided loop into morpho leverage and dump usual with high leverages ?

This project has been launched barely 1 month ago. Relax, good things take time. DAI, USDe, USDC have been depegged many times. It’s just a path of learning.

Could've been the case if the USD0++ people weren't constantly dumping on USUAL holders

if this what scam look like please scam me more

wow amazing future of finance indeed

I do. I lost more than a third of the value of my USUAL since I bought it. But, I still bought more this morning (while it’s cheaper), so I can stake it again.

Huge update wow # 📝ㆍminor-updates

Honest question, how much did people lose? Did anyone lose more than 13%? Haven't been following all the leverage stuff closely.

where did you check this

Dude, I really liked this protocol. I hope you guys can fix this. But honestly I dont see how.

Please tell me you guys didnt get shaken out today lol

New updates just dropped! # 📝ㆍminor-updates

how did you get the OG role though? (what I mean is explained in the # 📣ㆍannouncements ). If you deposited in the berachain vault you can't do anything any way as it's locked until 1 to 3 months after mainnet launch. so you can just chill.

omegalul thanks for playing and free money. inverted hedge by longing when funding rate negativ

Lol, yes, please and thank you.

We are going to 1$

You have no idea how much people have lost in the past few days . Even the TLV took a major hit because of this.

Business as Usual.

USD0 seems a bit bugged on Debank rn, not sure why

The bad debt in this case just affects an external protocol, i.e. Morpho users, etc. Not the actual backing of each usd0. So different situations, but yeah probably a learning experience to be had from both

WTF? USD0 1 = 7$?

$USUAL is pumping lol

literlaly the sstuuupid things i ever read. usd0 back by USYC which is short term maturity t-bill and held in BNY melon bank assets management not consumer bank like circle held your dollar paper.

i want more usual bro can you ask btc stop injecting token so we can go to 100k ?

Usdo is literally backed by USDC so its just as vulnerable if not more so because you can't get decentralized backing. I did the opposite, I was arbing ust down to zero making 10 grand in a day 🤷‍♂️. Treebeard: hence what usual just offered to do because of the bad debt they could have caused but the good news is, both get to learn from that They just torched Pendle....well to lock in that tvl.

Lol 😝 he bought and want 0 emission after he solely bought

For the love of God please postpone injecting of tokens and let the market recover.

Just exit early guys and pay the usual so holders get rewarded more thanks in advance

You haven’t read announcements? # 📣ㆍannouncements

If you're referring to DAI black thursday, it was rough, and gas went insane. You might want to give the auction/oracle failures a read. It left a bunch of DAI uncollateralized and MKR was minted and auctioned (diluted) to cover the loss in effect

u can exit in 6 months by burning usual yield why wait 1 year ? 2026 is bearish for crypto anyway i want still earn bond yield

https://x.com/HadickM/status/1877836679244841467 Team should let people exit and unwind. Or risk lawsuits. EU regulators are very aggressive, bad situation for the team if they don't resolve

Rob Hadick ＞|＜ (@HadickM) on X

Probably the best thing for Usual to do right now is to reduce the lockup from 4y to 1y; the price of USD0\+\+ should float and be backstopped at around $0\.96, and it solves most of the pain allowing for everyone to come out of this with uncomfortable but likely acceptable losses\.

Twitter • 01/10/2025 16:55:27 EST

Yeah, They even bribed some of the pools. I dont know how they are going to fix this. This sucks. I liked them so much.

biased because you never know it will repeg once it depeg that literally same when UST DEPEG people also thought it can repeg in a day 😉 i long ust at that time from 0.75 to 0.95 and then it dump to $0 same with usdc it depeg for days you still cannot swap to dai/usdc anyway

Only USUALx generates an income

while everyone is arguing usual is grinding back up. Comfy

Lmao you mean when it depegged for a day mind you and you could've made 10% profit instantly by borrowing. It's survived bear markets, usual doesn't even know if it's a viable product past this redemption scheme and all first comers are negative during a bull market 💀.

LinkedIN Usual Team

Hello , I'm new to the protocol I want to stake the token to earn passively should I buy usual or usualx

Why i can't access to the page about the team ?

There seems to be a lot of people who thought USD0++ was pegged 1:1 with USD. I have some sympathy for them because not a lot of people take the time to read how a protocol is designed but its really important to make sure you understand something before investing in it. It turns out that USD0++ is different from USD0. USD0++ is for people who want to bet on the protocol long term and those people are rewarded equity for doing so. After 4 years, their USD0++ is redeemable for USD 1:1 but between now and then, it trades on the open market. It is designed this way so that cashflow to USUALx is somewhat predictable. USUALx holders want to know that a certain amount of yield is coming to them over time and are hoping this yield will grow but don't have to worry about it shrinking. This is important because we need people to hold USUAL instead of just farming and dumping it to zero as we've seen so many times when protocols use their governance token as a liquidity incentive. People are were very pissed off when USD0++ was .87, are slightly less pissed off now that its .92. It is unclear how they will be if USD0++ goes closer to $1. But right now they are mad.

lol he compare usd0++ to DAI imagine one of worst stablecoin that always depeg everytime in bear cycle. @JelledJam it doesn't matter i don't want my $1=$.88 stablecoin when in bear market literally the time that i need money the most to buy crypto token. i literally give you 2 example DAI depeg in 2020 aswell 2023 every bear cycle depeg

This was due to USDC scare to be fair but they were responsive as a team and to the community have scaled back on their exposure to stables. Btw depegs on their protocol actually are positive in some sense because it means you can profit by paying back your loan instantly. The depeg was only really a issue if you held just dai or had loan with USDC rather than a eth loan. It turned out btw the usdc scare was for nothing and I'm sure people will get 1:1 in 4 years with usual.

Difference between USD0 and DAI USDC is that these were actual stablecoins and depegged. Bro USD0 has never depegged except one single time with like 0.1% 😂

if DAI never depeg i already farm it bro lol. but here we are i'm buying liqudity bond token 😉

Yeah the PT offering is complete bogus.

im genuinely curious is this your first cycle ? you are not there when DAI depeg ? sure bro surived bear markets. when exactly your bear markets are we living in the same timeline ? my bear market DAI depeg to 0.88

Not basis trading backed but the og usds (dai) which gets the yield from its lending market and rwa like tbills. They never even had to sell their sdai for a premium to attract liquidity and lock it in with promises of knowingly creating a space for bad debt to be possible. Different methods, dai has survived bear markets, let's see how this protocol survives it's first organic epoch after this one.

he already read and still not understand this is super normie lol

# 📣ㆍannouncements

Guys I beg you explain to me what happened today I genuinely don’t get it ? Edit : I read the announcement the last 2 I just don’t get it

They are thinking short term, yesterday vs today, they don’t think about tomorrow, too far. Obtain Usual over time, get APY over time?? Hell no. « Today I lost 13%, not fair » said crypto trader

DYOR, no points following 'people', people are stewpid and not responsible for YOUR investments, 'people' bears no consequences in the crypto KOL space for what they say. the good thing about crypto is 99% of activities is verifiable on-chain by EVERYONE

https://tenor.com/view/koson-gif-1335035189477473368

I am new to crypto , but I see everyone calls almost all projects scams , be it the zk airdrop , usual . And many to see

what ?? stablecoin back by funding rate that can be negative the whole bear cycle ? if you don't want exposure to bond soar your choice. literally usd0++ is diferent lol. what token you mean ?

Yes, but you don't get Circle equity. Thats what I don't understand about the outrage. Like if you held USD0 and that depegged, sure be mad. But if you hold USD0++ you are getting USUAL tokens. Presumably you were selling them every day, fair enough your call. But why do you think those USUAL tokens have value? Oh, because thats where the treasury yield goes. One other thing to ponder, if USD0++ trades up to 95, 97, 99, is everyone still a scammer?

i think so

just buy stake and come back after 2 years

Then go there

There's other competitors to usual besides USDC and usdt.

Wydm paying back yield? I just buy USD0++ few days ago via curvefi to join berchain fault in veda.

If you sell USD0 you will even get better rates than any other stablecoin. So what’s your point?

its in the name. zero

What’s the future of usd0++ ????

yes you try that in bear cycle 😉 maybe this time is different. when bank implode try redeem 1:1

You have a good point here. This is what sucks about this situation and they knew what they were doing. I fear the repercussions for Usual.

I really don't man. I know Tether has a history of shady practices, and the US banking system is a disaster. But the truth is, if I use coinbase to redeem USDC, I get it 1-1

It's definitely a weird business strategy to make your first service period inorganic by burning your first customers. Flumbo: it's not really a good argument to say that the team was selling something 1 for 1 dollar and just decided to give it back for .86. that's not helping their case at all nor is insulting people that are first comers to a protocol for it 😂

Lmfao I remember this day so clearly. People made crazy money buying sub 1$ tho

LOL

he think circle and tether still has real money in bank lol. it's just number on computer screen

yes. but the first point should say "by paying back your yield". P.S. 5 minute cooldown is a terrible idea. Always makes things look and feel worse.

Is this real?

mb yeah I meant bought something worth $0.86 for $1

Yeah, I agree. I am not sweating this at all. And I am down decent on paper. I am worried that this fiasco will hurt the brand name of Usual in the long run.

It wasn't sold for .86, they sold it at a dollar.

did you account almost 40% apy in USUAL tokens?

Literally the entire US banking system is operating on this principle. Study BTFP 😂

Should be live tonight I think

in fact 15% loss when you buy usdt lol have you top up usdt in binance ? bro just buy fartcoin and buy pepe $1 you will be so rich. also it is not a loss when end of maturity you get your principal back + apy lmao. you are not trading token you are not loss lmao.

Wen new morpho markets?

"it doesn't matter that I bought I zero coupon bond for 0.86! I can just wait 4 years to redeem so I didn't lose any money!"

Yes, everyone should just never realize their losses, so they never lose! Why didn't anyone think of this before?

Hello hi the coin name USD ++ so i think it must better than dollar? why lose 0,08c?

The only reason why they kept the price floor near 1:1 was to encourage liquidity growth, the only reason why they dropped the floor was to lock in that liquidity amount to prevent bleed. I'm sure if you're a usual holder your happy but usual is worth nothing without depositors so time will tell if people are willing to deal with a bank that drops rates and mechanics in vagueness. Again this epoch is gonna be great, they have the liquidity locked and they can make that vague unlock mechanism do whatever they want and require pumping up their token. This is one way to have a good turn over for the first few years 100%, once the tvl is subject to the market let's see how sustainable this is. Yield is not the issue, rather the quirky business practices like sucking up liquidity than locking people in with no clear information with direct financial ties to managers of lending markets who admitted to receiving early info from somebody. Again nobody said hold USDC, there are just competitors who simply have to be transparent and not lock user liquidity in to be successful (prevent tvl bleed) Yeah the fud is bad and usual holders won't really be able to price it in until the tvl is subject to change, that's their overnight depeg.

Redeem Tether directly into USD you give up your identity engaging with KYC and on top of that take a fee loss and a minimum redemption amount of 100k all of this non reimbursable while you hold usd0++ get a yield in USUAL and can redeem @ 1:1 on maturity. no KYC bs

u can buy usd0 with zero loss. usd0++ is yield version u get yield lol. are you alergic to money ? u can stake all your usualx -> get usd0 and buy usd0++ end of maturity you will have usd0++ as principal + usd0 (from usualx) + usualx early redemption for what ? u buy cabal coin and dump -50% ? when bond yield go to 5% tradfi will swap their btc to bond for risk fee. usd0++ has exposure to yield when yield soar higher

Isn’t the beravault locked for 1-3 months?

Why are you saying a 13% loss? I hold a lot of USD0++ and i didnt take any loss. This is like an optional loss only available to people who can't read a whitepaper.

I don't think leverage was promoted in any irresponsible way

you know that hardcoded morpho pools saved a lot of holders from liquidations, right?

Bruh , I deposited USDC into beravault one week back. Just give my usdc back , i don’t need your APR also

Why even offer PT USD0++ if the team knew that it would be impossible for any buyer to not be underwater? Clearly the team handled this horribly. Incentivized people to leverage USD0++ to boost TVL metrics, then pulled the rug. Its fine if this wasn't a stable to begin with - but then why offer Pendle pools? Why offer hardcoded oracle Morpho pools? Just complete fraud and incompetence

Yes, everyone who buys usdt takes a 13% loss. You thought visa or Mastercard was bad at 3%? Welcome to crypto! 13%

Go try to redeem Tether into USD and soon you'll see what happens to your principal LMAO

the did in 2023 infact they use user fund to buy high risk assets that cause SVB bank collapse and need to bail out by goverment. that's exactly usdc depeg 2023 and people crying and ask circle to refund their money lol. when you join crypto blud ?

I traded my USDC for USD0++ because Circle doesn't give me any equity for holding their stablecoin. They give me the underlying yield if i keep it on coinbase. Still have some USDC but its in a different risk bucket for me and I want it to be immediately available to buy dips on other assets. USD0++ is where I store my profits from this cycle. If cycle ends early, I'm happy I took risk off the table. If cycle is extended, I think USUAL will be worth a lot. I really don't care what USD0++ trades at. I'm more concerned about all of the fud and accusations because I don't think anyone who read the docs is surprised that USD0++ isn't always at $1. My concern is that the loudness of the uninformed will affect fundamentals and prevent adoption.

Lmao literally. I’d rather give up 6 months revenue and enjoy risk free 20%+ APY than give Tether my money and get 0 back lol.

Which is why they dont share revenue

At least they don't take the principal

You do know that Tether keeps all the revenue for tehmselves, right?

yeah cus USDC or Tether eats the profit generated by YOUR underlying assets, USD0 = USDT/C, not 0++, you're inherently redacted

Call the police

That's good they stopped after it was discovered their shareholders run usual and they admitted they learned about it before it went public (go figure). Cortina: USDC couldn't pull something like this because they would be crushed for anti-consumerism. Tether wouldn't even do this because it's really obvious what they did lmao 😂. The only reason why they kept the price floor near 1:1 was to encourage liquidity growth, the only reason why they dropped the floor was to lock in that liquidity amount to prevent bleed. I'm sure if you're a usual holder your happy but usual is worth nothing without depositors so time will tell if people are willing to deal with a bank that drops rates and mechanics in vagueness. Again this epoch is gonna be great, they have the liquidity locked and they can make that vague unlock mechanism do whatever they want and require pumping up their token. This is one way to have a good turn over for the first few years 100%, once the tvl is subject to the market let's see how sustainable this is. Yield is not the issue, rather the quirky business practices like sucking up liquidity than locking people in with no clear information with direct financial ties to managers of lending markets who admitted to receiving early info from somebody. Again nobody said hold USDC, there are just competitors who simply have to be transparent and not lock user liquidity in to be successful (prevent tvl bleed) Yeah the fud is bad and usual holders won't really be able to price it in until the tvl is subject to change, that's their overnight depeg. Again usually financial companies would have this stuff clearly explained and wouldn't do overnight rate changes etc etc while offering 1:1 redemptions with direct connections with benefactors from let's say your overnight liquidity lock.

This is the problem with explaining USD0++ as a bond. Bonds don't pay you equity from the bond's custodian. USD0++ traded at .87 for a bit. Its trading at .92 now. No one knows why but we definitely know today has been peak panic by A LOT of people who have no idea whats going on. I wouldn't be surprised if it traded very close to $1 soon. People who are selling at this big of a discount might be wrong, time will tell.

Debank is drunk

Even the name ++ means to only go up. In coding, ++ is the increment operator. Using this it is impossible to go down (unless you hit the int limit and it rolls over).

you got greedy, run too slow, got trapped it's just another squid game

Someone said this was a good sign, could someone please explain to me.

Because you are greedy? EVERYONE who thinks that they should get 20-40% APY for fully backed stablecoin with no risk ARE FOOKING RETRDED. Don't argue that you can get such APR with USDC, lending/LP:ing as it comes with other risks.

1) it's not illiquid. 2) There is 137B in Tether earning zero yield or equity from tether. You don't think USD0 can eat some of that market share with more defi, L2 and exchange integrations?

Can you stop the useless FUD? https://x.com/mevcapital/status/1877744081045995970?s=46

MEV Capital (@MEVCapital) on X

Following today’s events, MEV Capital has suspended the curator fee collection on Morpho’s USUAL USDC vault until further notice\.

Twitter • 01/10/2025 10:47:30 EST

Yeah it's the same math though - you buy a $1 4 year t bill for $0.83 @ 5% yoy

TBH why are we buying bond at a premium if we know beforehand it will be unpeg? Why can't we be given time to swap back?

go to debank dot com and just paste your address. You will see all your assets in there.

This is the real reason it happened the way it did. They're the ones raking money in from the TVL.

@st4rgard3n moreso like a zero coupon bond. You'd buy at a discount then profit at its full price at maturity

what is debank? Where can is find it?

Dont forget their connection with mevcapital which is making a killing right now in the tune of 100k a day. I mean locking in liquidity will work this time so at least the VCs will come in I guess based on quarterly reports with a tvl no longer subject to the market.

Essentially

"They" changed it 1:1 because there was no other choice to get income from the protocol, and then without warning the token was made cheaper, and "they" lost the profitability. Yes, it was written in the docs that this unpeg was in Q1 2025, it was supposed to happen, but they didn't say that Q1 was three months away, and they didn't know on which of these days this event would happen... The point is that if they had warned about it in advance, everyone would have sold everything 1:1 in advance, and then they would have bought everything back for the same money, they would have just taken more bonds for the same amount, and then they would have received a fair profitability...

Grift man. We were on the wrong side :/

It's the opportunity cost of holding an illiquid asset of USD0++. APY's were high because the protocol was in it's TVL growth phase giving the false picture of USD0++ being reedeemable to USD0 instantly at 1:1. Now that the game is up, and people realize they are stuck for 6 months+ the TVL shrinks, token price drops, and APY's go down.

Does my USD0++ on Arb also accrue USUAL and where can I see it/redeem?

💯

4B is max supply? If 33% of USUAL tokens will be burned while USD0++ redemption it means that USUAL supply will decrease ilttle by little?

Simulate unstake. It show the real rewards.

If you stake USUALx you won’t see your rewards on Earnings. But there will be an UI update soon that will make that happen. For now you can copy your address and go to Debank, paste it and follow it from there.

have you checked on debank? i think there's a ui bug on usual site when it comes to the compounded usualx. Please let me know if on debank the amount shown is correct, i am also interested

After reading the docs I understood USD0++ would trade at a discount - " There is real value in unlocking USD0++ early, they will pay up to the risk free reward rate of stables for the time remaining up to the end of the 4 year lock cycle" - But I never imagined the team would be so grossly incompetent/malicious to simply jolt the system with a sudden unannounced step change rugging the existing floor while insiders shorted the hell out of USD0++ as seen with the massively negative funding rates just before the rug.

Only people whining about this are those who want to come in without giving a sht what the project is, and mines tf out of USUAL and dumps it on the market

why do you say that? From my perspective I am holding an asset that will be worth $1 in 4 years and I am rewarded with a significant venture bet on one of the fastest growing themes in crypto and finance. Why should that trade at $.87? Are you saying that you are 100% sure that the equity token will be worth zero tomorrow?

@famousfxck you're correct. However, I think what was meant was that when you purchase a zero coupon bond (non-yielding) it is at a deep discount and when mature you profit at its full value. If you "paid" 1 USD0 for 1 USD0++, when USD0++ reaches 1 dollar in 4y you will have broken even. However since USD0++ does have yield with USUAL you could print even with this happening. Should've been set to 0.87 to begin

You guys only think in short term 🤷🏻‍♂️ Thinking like this with USUAL protocol is counterproductive. But fine stay smart

But nothing has arrived in two days. Is that normal?

It isn't going to .98 dude. nobody is going to lock up their liquidity at .98 for 6 months - 4 years to yield farm USUAL and 2% maturity over 3.5 years while TVL exits.

Those in the know, please tell me what will happen if usd0++ receives 1 dollar earlier than in four years (it looks like it should be written earlier), what then?

Because they swapped it as 1:1 and didnt read docs, and now think they should be able to swap it back for the price they paid for. Because it’s “unfair”. 😂

Your rewards come in daily in the amount of your USUALx

DeFi math: where your 1 USD magically turns into 0.87 USD with extra steps.

The official redemption rate is 87 cents on the dollar. This is the set rate by usual, at least until four years passes.

should be trading at $0.87

Does anyone have a good argument for why USD0++ is trading at $.9255 right now? Worth thinking about where its trading and where you think it SHOULD be trading.

That's not even true. You buy a $1 t-bill for 4 years it's actually $1.20 That's the problem is with redemption mechanisms everything has to neatly line up. No one is going to convert a token worth $1 to a token worth $0.87 that's crazy. The only time anyone will convert usd0 is if the demand for usd0++ (and therefore price) is greater than demand for usd0. Then buy usd0 -> bond to usd0++ -> sell -> profit

the difference in revenue goes to DAO Treasury if people choose to use primary exit with the no burn method, ITS RIGHT THERE IN THE BLOG, and secondary LP will always have a higher exchange ratio due to market nature, you would probably get something like 0.94-0.98 once bank runners realized how stewpid they re rn.

It was clearly vague to trick people. There is no other reasonable explanation for the lack of communication. Today marked a significant change in mechanics. No dao vote. No clear explanation of the change until today. No warning

Hello! My question is about how USUALx staking works. I converted my USUAL tokens to USUALx and connected my wallet to the website two days ago. As far as I know, that's all I need to do, but I’m still not receiving the daily rewards automatically, even though it says I should. Could you help me?

it's simple. they did it to trick people in locking up TVL

Nobody, that’s how T-bills work if you sell them before maturity at the bank.

sophisticated or not nobody could have predicted codebase adjustments without announcement. If usd0++ shouldve always been 87c floor i dont understand why they set mint price to $1 initially or used stableswap pools on curve since theyre generally reserved for pegged assets

It's obvious the narrow price floor was to attract liquidity and the spontaneous drop was to trap liquidity. On one hand, yes this will bring in a lot of yield for the first epoch while on the other....you just social engineered a lot of people to be starting capital

1 USD0 -> 1 USD0++ 1 USD0++ -> 0.87 USD0 lol Who takes 0.13 USD or 0.2 bil?

Unsophisticated investors should stick to unsophisticated investments. Such as fartcoin. Really that simple. Theres money to be made in different ways.

My guy, this is obviously anti consumer design from the start. They hid the date to prevent a bank run. They obviously didn't put in the whitepaper, "by the way, you will lose 13% of your money at SOME time q1 2025, just a heads up." Actually malicious to think that if people KNEW that they would lose 13% of their money they wouldn't sell immediately.

myself and a majority of early investors knows of this mechanism before we even started investing, so we did our due diligence and managed our risks accordingly, ALL INVESTORS should too. A lot of us missed out on the full ROI because we were scared that someday it would be locked. and like you said 'unsophisticated investors', the protocol cannot be designed to protect those who doesn't do their research and don't manage their risks accordingly. and i myself came in with the mindset that i could only get my full capital in 2028. because that was the ONLY thing the whitepaper promised.

false since you would have a lot more USD0++ in your wallet

This is a joke, nobody gives a f**k about the 2028 date. The real issue is they made USD0++ 1:1 redeemable at the start to give the illusion you could easily get out, and attract TVL. not a single person would touch it if redemption was 1:0.87 Day 1.

This says it all https://x.com/cbb0fe/status/1877709959649001815?s=46&t=d1DCzo6SNo4ovmdOtoPqPA

CBB (@Cbb0fe) on X

Study @usualmoney conflict of interest playbook: 1\. Founder of @usualmoney @AdliTB is shareholder of @MEVCapital 2\. @usualmoney launch $USUAL token with USD0\+\+ redemption at 1:1 to let people FOMO in 3\. @MEVCapital launch a USD0/USD0\+\+ vault with 10% performance fees so

Twitter • 01/10/2025 08:31:55 EST

Where I can check usual stake % and burn

why wouldnt they arb it down to the floor consistently if thats the case? would be free profit for the team and this situation wouldnt have happened

Why was the 1-1 redemption date vague? It was "Q1 2025". Explain. Also, please read what I wrote. I never stated the USD0++ WAS a stable. I stated that because of the 1-1 redemption, many unsophisticated investors would ASSUME it was, BECAUSE it ACTED LIKE ONE.

yeah it WAS designed intentionally, USD0++ was suppose to be a liuquid (tradable) bond backed by 1:1 USD0 (which is 1:1 backed by ONRRPs of short term US Treasury bills) and fully unlockable in 2028 since DAY 1, date was NEVER VAGUE, IT IS UNIFORMALLY SET on June 23 2028, the date was in the whitepaper SINCE DAY 1, and they never 'pull the plug', currently its LP out of balance, primary exit IS CURRENLTY NOT AND NEVER WAS implemented.

Whats USD0++ APY/APR estimate if mintingfactory is 0?

you'll have to wait until they have a calculator but if you want 1:1 redemption it will probably be something like 10% of your TVL in USUAL tokens

So many snowflakes... Jesus...

Usd0 is fine. Usd0++ is not a stable idk whats not clicking for you

My question was specifically regarding the fact USUAL rewards have been live for a much shorter time than 6 months. So if the fee was for the previous 6 months of rewards does that mean the total could only be the rewards received so far, or could it be greater than all rewards received so far?

right but why was floor and mint price $1 and usd0++ has stableswap pools with usd0 and then adjusts to .87? ideally it shouldve scaled down as yield accrued while yield outpaces

This was done intentionally. To make people stake usd0++ to create liquidity, which is why the unstake date was vague and not stated directly. It was obvious that unsophisticated investors would assume that "staked" USD0 would be like other products they had used in the past; until they pulled the plug. Yes, Usd0++ is a "liquid bond" but most people were not exactly aware of what this meant in practice.

Uhm first, USUALx will get a piece of the USD0++ revenue, paid out in USD0. And USD0++ gets $USUAL. Anyway it’s all the same thing. But anyway Pendle is a yield trading platform. You’re basically giving up your potential yield to trade yield.

4% weekly? Or 4% APR? I thought it was about 4% monthly

you can stake usualx and earn usd0+usual every week to faster breakeven. or you can arbitrage exit from 2nd market with better rate 0.92-0.93 and sell your usual+usd0 (from staked usualx) the option is limitless those 6months is imply you don't do anything on your usual and you exit in floor price 0.87. reality you don't need wait 6 months. if you want buy now exit tomorrow or next 2 weeks. this liquid bond token not your you. you can long memecoin or AI coin

That’s your money, your call 🤷🏻‍♂️

should I stake or hold in exchange to dump as soon as it pumps? talking about usual. it's def pump because of new APY, but should play the long game or short game?

because TVL doesn't have a way to get out yet

Guys read the announcements , all these things which are planned will work like magic for usual price and eventually the protocol .

"forfeit a part of their accumulated USUAL rewards over a maximum period of 6 months to guarantee the 1:1 ratio" - > Since we've only had about a month of yield does that mean all yield received so far will be the upper cap of the cost of withdrawing? or could it go beyond that, like current rate * 6 months?

sUSDE is 1.14 USD, but staked USD00+ is 0.87 lol

susde based on funding rate usd0++ is not stables it is liquid bond token usd0 if still $1 and back by t-bill RWA

Lmao impossible. Revenue mechanism starting next week which will give you 4% APR monthly for USUALx.

Can anyone explain why the team made the decision to airdrop the USD0++ to USUALx holders, thereby ensuring that PT holders on Pendle lose out? It seems counterproductive if they want to keep the +$100m of traders between USD0++ and USUALx on Pendle (in addition to this USD0++ haircut debacle).

so, if YT pendle holders dont get revenue in USD0, where it going? To pendle protocol?

by how

lmfao

How come SUSDE and other stables with rwa backing have adjusted rates and didn’t drop 13%? Different mechanisms of course but it seems counterintuitive to an extent here

🫡

I asked chatgpt what bond is. It said Bond is a British spy with first name James

very clear to me lol. unless you got reading comprehension. usd0++ will be 1:1 end of maturity if people not buying in 2nd market. 2nd market got better rate 0.92-0.93. if you want early redemption you need forfeit your yield. ask chatgpt what bond is. @nserafim next week all usualx holder get airdrop usd0 from reveneue. mathematicaly imposible to zero worth X so if you want short short today.

Lol what im asking is very reasonable to ask dude, that would be no fair if someone (like me) just deposited in the protocol like 5 days ago and got a fine like 4 months of USUAL same with early depositors!

"forfeit a part of their accumulated USUAL rewards over a maximum period of 6 months to guarantee the 1:1 ratio" -> Since USUAL rewards have only been going for a very short time, say 1 month, this means that even if demand lifts the period to 6 months it can still only be what has accumulated so far right? So it should make no difference whether it's 6 months or 1 month worth since they the same total

Don’t need the invisible hand of the market will do the job

the USD0++ before is different to the USD0++after 1:1 ends the team should make sense

UP TO 6 months, theres no point shtting your pants over your own speculations ser. it will be available in the UI when the update comes

they are not clear because do not want to be clear 😉

I read the twitter announcement and I don’t get it, what’s going to happen to usd0++ ?

I almost 1000% waiting for shorts, and I'm a beginner trader

OK. Can you explain why would anyone want to convert USDC for USD00+ if he will lose 13% on day of conversion?

well good hindsight you can redeem it for free if usual goes to zero you can short it tho so it can be zero tomorrow

up to 6 months?? So if i held USD0++ only for the past 20days, it could be like 1 month or 2-3 months only right?? please Team make the rate "reasonable" for users sir

the key ponit is the buring rate, the team would better explain the calculation first to make things clear