BroKwon
Luna 2.0
abbbb
depeg
mo
01/10/2025 at 00:48:37 ESTgot new haircut
Damned
This has never happened before and here it is again
badman
seems like thats what the market price is too so it seems accounted for
ananasbrb
hey whats happened to USD0++?
์ผ๋ฏธ
Well, I think the current situation is market equilibrium. It is the result of people who do not even know what they are investing in.
sssswโrd
If you want to continue in the long term, the current approach is very damaging to the project's credibility.Indeed, this is not good market communication. Sudden price adjustments and unclear rules about burn requirements can significantly damage: 1.User trust 2.Protocol credibility 3.Long-term sustainability When making major changes that affect user assets, clear communication and reasonable transition periods are crucial. The current approach may save short-term problems but risks causing longer-lasting damage to the community's confidence.
mo
01/10/2025 at 00:47:53 ESTso current price is fair market price with exit
่ช็ฑ
๐ซ Losing 13% is like losing my Lambo
sufyan
01/10/2025 at 00:47:33 ESTManually ๐
mo
01/10/2025 at 00:47:32 ESTye it's more by my calcs it's around 0.92
LMEOW
doesnt matter if APR is through the roof
Damned
depeg? xD
xstryder
1 week notice or even 1 day notice is a must in major things like this
treebeard
Yes, and it could be less than 6 months worth, that's the maximum
xstryder
I don't think so, eventually market will find equilibrium but major things like changing floor price must be communicated early. Not even 1 day notice means tricking users
12
01/10/2025 at 00:46:11 ESTYou run when you sense something is off.
Gunner funk
Na they lost their principal value
badman
but my point is next week we can pay the 6 months of usual that you could have recieved and cashout usd0++ to usd0 just with that fine as a loss right?
zero
01/10/2025 at 00:45:58 ESTthe APY will be insane once this "repeg"
Lucky Boy
Bro it aint gonna happen because theres a treasury but i expect usual price go down some more
Reportado เซฎโโข แดฅ โขโแ
01/10/2025 at 00:45:56 ESTrug
101
future of france
zero
01/10/2025 at 00:45:40 ESTUSDO++/USD0 lpers are printing ๐
treebeard
It's effectively up to 6 months worth of usual you would receive. So not necessarily 2%
sufyan
01/10/2025 at 00:45:14 ESTYess they did manually ๐
Gunner funk
Now usdo++ holder's will pray for a death spiral so that they can buy usual at 0 and redeem their usd
JVSNOVA
which 1.9 you clown
Hina
Fook berachain
mo
01/10/2025 at 00:44:46 ESTeveryone ping @Adli to wake him up
Easymoneystev
usual price from 1.9 to 0.6 ๐ญ
101
did you just depeg yourself?
LMEOW
i back myself
Gunner funk
You got fooked
F
First, withdraw the official redemption of 15,000, and do not open the redemption mechanism of burning usual. This is like pulling out the carpet.
badman
I mean for early redemption with a fine
101
very aware of it
sufyan
01/10/2025 at 00:43:59 ESTYou know. Luna backers?
mo
01/10/2025 at 00:43:58 ESTbuy it up all then
LMEOW
study GSR ๐
Gunner funk
No you have to wait for 160 days
psodj
Ok yeah it just seems like there was 1:1 redemption on what is essentially a bond was just causing a loss somewhere else. And now USD0++ trades like a bond instead it is priced at a market rate. Doesn't seem really catastrophic
์ผ๋ฏธ
Then everyone will leave, USUAL will be zero, and only the person who dumped USUAL at $1.6 will be the winner.
101
that's how vc works. You invest in a lot of things, many of them fail
Fuddshake
so we cant swap usdo arb anymore?
Hina
I deposited USDC into bera vault , Can i please take back my UsDC
LMEOW
guys, Kraken & GSR are invested in usual. Touch some grass, things will work out.
badman
so bascially, next week you can redeem usd0++ for usd0 1:1 with a 2% fee which is about 6months of the 4 years yield?
์ผ๋ฏธ
How long do you think the high interest rates will last? Where do you think the yield comes from? LMAO
Gunner funk
I have detailed post on death spiral topic in #speculation channel
zero
01/10/2025 at 00:42:18 ESTchad will be buying USUAL here and laugh at you later
xstryder
Of course, but can you at least relate this to the team? We want team to revert the decisions by allowing us to give 1 week window to exit. Or at least restore peg to 0.99 for 1 week.
Lucasโก
Yes, 0.975
Fuddshake
what happened to liquid for trading on arb
mo
01/10/2025 at 00:41:58 ESTso buy usual now ig?
nihilistic button clicker
Is there an AMA or X spaces soon? This is very bad. Where's @Noรฉ
mo
01/10/2025 at 00:41:42 ESTthink u should leave a spread cuz it may not be profitable to arb at 0.98
sufyan
01/10/2025 at 00:41:32 ESTThats their right
Acemint
They'd like less people to exit quickly, so those who tries to exit early will profit those who holds it long term
eatprayield
If T value decreases, amount of USUAL you should return decreases and USD0++ value increases.
JVSNOVA
ok fake account
zero
01/10/2025 at 00:41:02 ESTyou talk like you have 1 million in usd0++
Gunner funk
Check hashnote dashboard. It shows how much USD was put in
mo
01/10/2025 at 00:41:00 ESTrugged bros it is what it is, i prefer getting rugged on food farms
treebeard
This is wrong though, they're backed by $1 worth of usyc and m
zero
01/10/2025 at 00:40:43 ESTthis is chat is full of mids
Acemint
Specifically, the price floor establishes a discounted redemption rate, where users receive less USD0 per USD0++ redeemed. The difference between the standard redemption value and the discounted price is directed to the treasury as a fee, supporting the protocolโs sustainability.
mo
01/10/2025 at 00:40:34 ESTok so true market price would be 0.97 then
Mr. Lin
GM ser - I can't explain the timing of our team's decision, but I suspect it might relate to their prediction on users will just dump it regardless if there is a one-week notice of not...
fredchan17999
Stop spamming bro
Finance Geek
USD0++ is a fraud. I can explain. USD0++ sold at $1 on the protocol dashboard. It could also be redeemed for $1 until today. They were supposed to take $1 of stablecoins they received and buy $1 of 4 year maturity bonds with it. They didn't. They brought $0.87 worth of bonds and pocketed the rest. $0.13 goes into the team pocket. So $1 of USD0++ is backed by $0.87 of bonds, which will become $1 after 4 years. USD0 isn't backed by $1 worth of bonds, it is backed by $1 in future value in 4 years, not present value. Now we are expected to wait 4 years for our repeg? Now the big question is, where did the $0.13 go?
fredchan17999
They wants their money grow fast without any risk LOL even when they put into smt they dฤinโt understand
12
01/10/2025 at 00:40:15 ESTItโs absolutely disgusting. It will keep depegging for sure, and the biggest issue is the complete loss of faith.
Lucasโก
Then probably it will be around 2%
eatprayield
There's a simple solution. Set T value to 30 instead of 180. This is the only way to maintain the peg. Team should really do something. Even though they knew that so many people would lose millions of dollars in an instant, I don't think the team is stupid enough to believe they could safely travel around the world and attent conferences after making such an intentionally irresponsible announcement.
treebeard
Nope, it's for usd0++
zero
01/10/2025 at 00:39:40 ESTpeople call everyone scam so fast these days, it's not as simple
treebeard
Yes just read it for yourself
Gauss
It says 1:1 redemptions when burning usual, does it specify how much anywhere token wise? Thinking for PTs
xstryder
Well it is one week notice, so people who miss the notice will stay locked in the protocol
Acemint
Doesn't the early redemption rate work only for UsualX and not USD0++?
treebeard
If you have to redeem early (i.e. before 6 months), basically yes
Lucasโก
So youโre saying that it will only charge a penalty of 6 monthsโ worth of fees (bond interest)?
kimchi
I believe the decision made by the Usual team lacks transparency and was poorly executed, but it is not a scam.
nihilistic button clicker
So we might have to redeem at a loss ?
Gunner funk
Usdo++ holder can giga nuke USUAL, then buy USAL back at cheap price and redeem their usd0++. Hoes this idea?
treebeard
Whitepaper..it's been there forever
Lucasโก
What does this come from?
JVSNOVA
Middle IQ Investor - yes we can see that
sufyan
01/10/2025 at 00:38:13 ESTIf they will?? How thy are going to make money?
nihilistic button clicker
Agree. Bad delivery. Watafak
Gauss
Itโs easily solvable on their end, just curious if they will
treebeard
Nah, just the usual distribution rate, current outflow rate, and a target outflow rate which isn't known yet
F
The rate of 0.87 is unacceptable. Have you considered the community's feelings?
xstryder
@Mr. Lin hey, why usual team doesn't give 1 week notice before changing floor price. I think things like this must be communicated to users before team does this. Can you change it to before for 1 week?
mo
01/10/2025 at 00:37:21 ESTexit before audit
treebeard
That's the early redemption rate, or 0-6 months of the usual rewards as a fee once that's live next week
Gunner funk
It dosent depend on price?
F
The rate of 0.87 is unacceptable
nihilistic button clicker
Next week
Acemint
If we do have revenue I guess we can request a public audit to make sure that the community feel safe, no?
mo
01/10/2025 at 00:36:58 ESTin 3 years at this rate
badman
but why trade at 0.87, they're buying 1:1 bonds
F
When will the new redemption method be enabled?
mo
01/10/2025 at 00:36:35 ESThold this poop during bull market lmaooooo
Acemint
Reasonable argument
treebeard
Nah, max 6 months interest. Just read the whitepaper lol
sufyan
01/10/2025 at 00:36:26 ESTI hope this usual drama over soon If they come out of it i wil buy at low prices
โฌ
01/10/2025 at 00:36:23 ESTget ready... in France are 6:36 am... for get banned
Gunner funk
Sick theory
badman
so all usd0++ holders are basically forced to hold the 4 year wait if they wanna bear no losses
Laniakea
Can someone explain why this statement isnโt true..?
zero
01/10/2025 at 00:35:56 ESTjuicy yields from pussies
mo
01/10/2025 at 00:35:44 ESTgood job bro now put it back so i can exit ty!!
sufyan
01/10/2025 at 00:35:44 ESTMuslims dont do future i can understand your frustration
Finance Geek
USD0++ is a fraud. I can explain. USD0++ sold at $1 on the protocol dashboard. It could also be redeemed for $1 until today. They were supposed to take $1 of stablecoins they received and buy $1 of 4 year maturity bonds with it. They didn't. They brought $0.87 worth of bonds and pocketed the rest. $0.13 goes into the team pocket.
treebeard
Idk about meant to, it's expected it would trade under a dollar without 1:1 early redemptions without fee, and that's something I've mentioned here well before today.
zero
01/10/2025 at 00:35:19 ESTprobably a sign you have none
Gunner funk
.
youdi
Consider myself very lucky- I remove 80 % of my usd0+++ position when the USDT fiesta happened
sufyan
01/10/2025 at 00:35:04 ESTLol i dont do futures
mo
01/10/2025 at 00:34:56 ESTalways avoid french teams lmaooooo
badman
But wasn't it mean tot be redeemable over the secondary market at 1:1 anytime? It's not possible anymore because of the depeg
mo
01/10/2025 at 00:34:45 ESTfrench?????
zero
01/10/2025 at 00:34:44 ESThow is your usual short doing brother
12
01/10/2025 at 00:34:42 ESTis true, is you OWN hard earn money
Laniakea
Huh? I thought they are French..?
sufyan
01/10/2025 at 00:34:30 ESTIt is
treebeard
Usd0 can be redeemed immediately yes, usd0++ in 4 years or early with a fee
mo
01/10/2025 at 00:34:19 ESTwhat happened bro? we got haircut?
zero
01/10/2025 at 00:34:11 ESTnot true
sufyan
01/10/2025 at 00:34:01 ESTTrust noone When it comes to crypto
Laniakea
So for 1 USD I deposit they buy 1 USD of collateral. Am I able yo redeem at 1:1 as well..?
badman
if I have a pendle position open, how can I close it to get the original capital back withouit waiting the 4 years maturity period, ithought usd0++ and usd0 was 1:1 anytime
Lucky Boy
@CongQ i mean if we do fire sale right now we can scoop it up later at .04
satsy
treebeard
$1 worth of usyc+m at the moment, buidl as well at some point in the future
JVSNOVA
im so tired of reading so much bs just bc ppl dont understand on what they are investing to
Zugor
๐
zero
01/10/2025 at 00:32:41 ESTthey wont let die this project easily. they are pretty aggressive overall and wants to win this stablecoin race
Gauss
ust had oracles attacked while collaterals / backing was OTCd out when migrating pools, this is different
Lucky Boy
Salor will just buy it so it not go to 1
JVSNOVA
only bc ppl repeat this luna nonsense and dont even understand what happened to luna, there is nothing to do with usual lol
fredchan17999
This is definitely diff from Luna LOL plz donโt get panic
Acemint
Luna operates on an algorithmic basis, this one does not. They do actually hold the money, only the staked (USD0++) version has a different floor price from USD0
Laniakea
What is it backed by?
CongQ
yeah and BTC might go to $1, orange guy might get assassinated tmrw
Gauss
its still backed by rwas so no ust situation, just an odd choice today
treebeard
I sent my message in response to someone saying usd0++ is only backed by $0.87 worth of rwas, which is blatantly untrue
sufyan
01/10/2025 at 00:32:00 ESTAnd people bought the dip
zero
01/10/2025 at 00:31:54 ESTnothing like luna exactly
Lucky Boy
@CongQ might go to 0.04 like mantra before
sufyan
01/10/2025 at 00:31:35 ESTYou are not trying to understand I have witnessed luna crash it started same like this one
bigtopdogger
i minted yesterday dumbass
Laniakea
Yeah nigga chain was clearly the way to go. ๐ข
Zugor
Y'all farmed and dumped the market already too much. Now crying ๐
bigtopdogger
french team, big rug devs go to sleep all moneygon
treebeard
Not sure how that's related to my message
Lucky Boy
@CongQ fire sale?
bigtopdogger
i chose usd to zero instead of niggachain
Gromazeka
whats wrong guys ?
Gauss
i lost a decent bit here, but regardless lets just see the teams response here
Laniakea
Who said Iโm a lady..? What are you talking about?
bigtopdogger
i make more money buying niggachain not this scam
nihilistic button clicker
It seems to be only a PORTION OF YOUR FARM so far. From what I read from their website announcement
JVSNOVA
exactly lol, clowns
zero
01/10/2025 at 00:29:51 ESTjust stay calm and wait for the team to address this
Lucky Boy
Downside bullishness of this coin is op
bigtopdogger
give my money back and i become calm, otherwise shut up nig
sufyan
01/10/2025 at 00:29:36 ESTLol then why they mentioned before the Airdrop that we can redeem our dollars for 1:1 lol
zero
01/10/2025 at 00:29:32 ESTyup, probably lots of shorters here spreading fud
Laniakea
How many USUAL do we need to burn per 1 USD0++ for 1:1 redemption..?
fredchan17999
Be calm guys ๐ฑ
Lucky Boy
Ok i know that you are a very smart lady and your trading instrument are brilliant. i hope the team fixes the situatio.
badman
could u explain what people with PT points should do?
treebeard
Each usd0++ is still backed by $1 of usyc/m0
CongQ
people are just fudding themselves and shtting their pants over primary exit rate
cliff
so sell at 0.88 now is not make sense
Laniakea
Makes no sense to hack here. In the same boat as you. Iโm just holding on to it. Yield will compensate to some extend.
cliff
With usual redeem open say 180 day you get usd0
sssswโrd
@CBB0FE can you touch dcf god ,he seed the protocol,maybe he can give the team some advice..
sufyan
01/10/2025 at 00:28:14 ESTThis panic can create luna like situation
nihilistic button clicker
What's the penalty for early unstaking feature that's due to come NEXT WEEK? [Resilience Against Volatility: Dual-path primary exits for USD0++ with 0.87 USD0 floor price via USUAL dAPP and 1:1 Early Unstaking available early next week. The Early Unstaking feature, which allows for the redemption of USD0++ for USD0 at a 1:1 ratio by burning USUAL tokens, will be available in the Dapp early next week.]
Finance Geek
if they advertised clearly that each usd0++ was backed by 0.87 of bonds while selling at $1 then nobody will buy, so they resorted to misleading handwaving, this is clearly fraud
treebeard
There's the other early redemption route of 0-6 months interest, but the target outflow rate for that formula isn't known yet. I guess in a week you'll know if that's better than redeeming at .87
Laniakea
Lost not in USUAL. But in USD0++ positions. Luckily I got 30k USUAL airdrop that I dumped. So overall not terrible. But in my mental accounting the airdrop was already money locked in. ๐
badman
Can someone answer what people with PT usd0++ points shoudl do?
CongQ
LP balance is gonna recover, its panic swapping due to the nature of people dont understand primary exit and LP
cliff
Even if there is a lot fud but I think ratio should be 0.95 later if team really want to build this project long time
LMEOW
one can assume binance & kraken as investor were very aware about the mechanism
101
Itโs the future, for the team
Lucky Boy
Ok feel sorry for you. I always feel bullish on the downside about the coin simce 1.4 so i hedged so might get lower than .5 then?
Laniakea
Haha. Just lost 40k USD mark-to-market. And feel like I got robbed by the team. Not that easy to be chill about it. But I realize no matter what I canโt change it. DeFi is the future.. Just not like this.
Eindbaas
Damn, ya farmed the people with vesting on their airdrop pretty well! Removing now is not even having a part of the airdrop. Well done team, well done
76ixer
what a minor detail eh?
cliff
Open a space on twitter give us solution otherwise dead spirals
treebeard
Idk what you mean by why, but that mechanism has always been in the whitepaper, just not the specific early redemption price
sufyan
01/10/2025 at 00:24:59 ESTLuna 2.0 ?? Right
cliff
Have an ama where is the team
LMEOW
why was it known?
Gauss
depends on their response, how effective it is and what they do tbh, we shall see
LavaLittleBird - Chasing
01/10/2025 at 00:24:11 ESTIs it death by now? Other coin is pumping. The only usual coin is dumping. Still hope left for the holder?
treebeard
Goes to the treasury afaik, if you redeem at that rate
badman
why is usd0++ trading at 0.9 my pendle pt position is at risk?
Lucky Boy
In this business you gotta be relaxed. Let me ask you something. Do you jerk off?
12
01/10/2025 at 00:23:36 ESTRun while you can. The situation is clearโUSD0++ will continue to depeg because no one will hold or buy it knowing the floor price.
Laniakea
Explain to me where the 13% went?
cliff
What if too many people redeem at 0.87 and things will go worse
CBB0FE
it's not gonna bounce now that it's worth 0.87 lol
Laniakea
Well this is a situation to get up for. They triggered it from France and then went to sleep? Smart.
cliff
Yeah they are in eu and sleep๐
Lucky Boy
They sleeping they are in france
alphahunter5477
team buying lambos
cliff
I wish team find a better solution for us and I donโt want this project to die
Laniakea
And mods / team nowhere to be seen. ๐
Lucky Boy
Oh never mind i just unclick it
Laniakea
Canโt see how the protocol survives this unless they rectify it soon. They essentially took 13% from people minting USD0++ and happily continue to do so.
Gauss
similar rwa stables have depegged and repegged and experience volatility, their response here is critical to bounce imo
CongQ
whats gone
Lucky Boy
Its gone
CongQ
bruh im not even on the team....
cliff
With fud continuous goes without any reasonable solution, this project will dead team will be in jail especially congq๐คฃ
CongQ
what
Lucky Boy
@CongQ where is the speculation thread lol
badman
wtf is happenineg with usd0++
CongQ
clearly he doesn't and its not even in a funny way
ProtocolZ
@CongQ Iโve got a sense youโre doubling down on those bags shortly here ๐ฐ๐ฐ
mjt
You know the answer
treebeard
This isn't true
CongQ
D A O, its literally in the blog
michael
None
AsrayT3ch
01/10/2025 at 00:17:02 EST@CongQ
treebeard
Yeah, you can redeem it if you're whitelisted with the rwa issuers (hashnote/m0)
Lucasโก
Structurally, is there a way to convert USD0 to USD without USD0/USDC pool?
MiraiMhysa
AsrayT3ch
01/10/2025 at 00:14:29 ESTSure CongQ
CongQ
sure
cliff
Short term farm should know before they are haircut and willing to deposit at mint price say 0.93, with 0.93:0.93 redeem by pay 180 day reward or exit at 0.87. Short term farm should not mint at 1:1, selll at 0.93 and redeem at 0.87
loverdefi
Don't steal my words
CongQ
sure
Gunner funk
Wonder how the Arab guy with 5 million usdo++ coping
treebeard
They added the .87 redemption price, but it was always known this was coming
Lucky Boy
Guys just reverse the chart its very bullish
AsrayT3ch
01/10/2025 at 00:13:54 ESTI know how PT/YT works
CongQ
learn how PT/YT work before talking nonsense
loverdefi
Everyone knows they changed the docs today
AsrayT3ch
01/10/2025 at 00:13:31 ESTIt literally called PT USD0++
Gauss
was the goal of the change to pump usual?
CongQ
i can't lmfao
loverdefi
Not just mine but everyone else's. You're defending your seed bag lol
Sarah
hi chat are we buying the dip?
bitgoten
it was litterally 1:1 redemption guaranteed until few hours ago ๐คฃ
ProtocolZ
https://tenor.com/view/side-eye-shocked-confused-what-huh-gif-26654819
CongQ
hurt your feelings?
Gunner funk
Usual team should open a saloon
Gunner funk
Usdo++ holder walking with new style after haircut
CongQ
PT's opponent is YT, it has nothing to do with the ecosystem
Lucky Boy
Guys guys calm down this coin is bullish in downside its absolute best potential
sssswโrd
stop argue now. no team member here.it's useless
CongQ
USD0++ is guarnteed 1:1 value redemption AT MATRUTIY, doesnt matter the FP is 0.4 or 0.1 now
bitgoten
this guy has all his 5 digits networth in UsualX ๐คฃ
Gunner funk
Bond yields are paid to usualx holders
CongQ
its not a sudden way lmfao, aping in here without reading a single word, the fault is COMPLETELY on you
ProtocolZ
loverdefi
Imagine your brother did a monstrous crime and you still have to defend him. That's the position of CongQ today
cliff
Short term farm should not be haircuted by such sudden way
Lucky Boy
We go to .5?
David
nah only the people who are still in this dogshit project
AsrayT3ch
01/10/2025 at 00:10:55 ESTAre Pendle PT holder not getting rektd lord congq?
12
01/10/2025 at 00:10:54 ESTJust think about it. The market only experienced a small downturn, yet USD0++ has already been drained so much that it depegged. And now the floor is 0.87 USD0 for 1 USD0++? Itโs bound to keep depegging. This is absolutely disgusting.
Gauss
usd0++ pts would like to have a word lmfao
CongQ
only free short term USUAL farming dumpers are getting rekt'd today
unser
from bond yields? but yeh this means u need a lock mechanism and just have linear max exit penalty of 13%
spicytuuna
If you sold above .95 thumbs up, if you are still holding thumbs down.
bitgoten
illegal securities offering ?
loverdefi
Haha
ProtocolZ
Sleepy Joe ๐คฃ๐คฃ๐คฃ๐คฃ
AsrayT3ch
01/10/2025 at 00:10:02 ESThttps://tenor.com/view/pikachu-shocked-face-stunned-pokemon-shocked-not-shocked-omg-gif-24112152
Finance Geek
how did the market get sold $0.87 worth of products for $1, $1 billion volume
Gauss
backed fully by biden
loverdefi
We would have been better having Zelensky run this project lol
CongQ
lmfao bruh
Gauss
im more or less curious on the teams response here
AsrayT3ch
01/10/2025 at 00:09:19 ESTExactly im with you
76ixer
stop complaining, this is just fraud and they in europe, they ll be forced to change because if not their future is jail. just chill until they modify the decision
ProtocolZ
Pierreโs government slush fund ๐ฐ๐ฐ๐ค๐ค
cliff
This point is how team roll out their update and suddenly haircut principle
Finance Geek
bro the problem is that they sold us 0.87 worth of goods at $1 initially
David
you
CongQ
USUALx has a primary exit rate of 1:0.9 against LPs 1:1 rn
Gunner funk
Where will the money come from to redeem at 1.13?
loverdefi
Are you buying?
AsrayT3ch
01/10/2025 at 00:08:20 ESTWould you buy?
lirrboroncruiser
the face value is $1 + mined usual, it IS a discount
CongQ
you can literally buy at discounted rate in secondary rn
bitgoten
wrong, you had 1:1 redemption program suddenly stopped with 0 communication
ProtocolZ
Zero dollar bond, hence the branding USD0++ itโs LITERALLY in the name
unser
to avoid this mess, in hindsight would it have been better if they changed the REDEMPTION price to 1.13 instead of the MINT price to 0.87?
Gunner funk
Sir. Team decided the floor price and market reacted to it
Gauss
it says 1:1 redeemable if you burn usual, how much usual?
Finance Geek
then why didnt they sell it at discounted value?
CongQ
yes, that's how LP work
Lucasโก
We should be able to convert it to USD with only a minimal penalty.
Gunner funk
Not the issuer
CongQ
its guarnteed full value AT MATURITY, which is 4 YEARS, the design is there on DAY 1, no matter is 0.4 0.6 0.1 now
Gunner funk
Also the market decides the floor price
ali
01/10/2025 at 00:07:13 ESTdoes this mean its not actually a token that will ever be made liquid? the only point of it is to issue receipt of that 10% supply and give extra fee generation to team/investors? or usual* itself will be traded some day on its own?
cliff
Then explain this bond what kind of this bond is ?
CongQ
yes
Finance Geek
help why am i poor again
Gunner funk
Why did the team in incentivice usd0++/usdc pool then? They wanted usdo++ to be pegged with usd0 to lure in people
Gauss
either way theres risks lping and using defi, somewhat expected for volatility but this was a strange execution
pristine
who is making the money from people buying the bonds at $1 when face value is .87? french team lmao
loverdefi
Did you have seed round sir?
CBB0FE
guys, if you try to argue with such broke ass, just gonna waste time...
CongQ
i trade bonds and options for a living so probably not
bitgoten
keeping the bond analogy, it's as if the Fed stops the BTFP suddenly with 0 prior notice..
alphahunter5477
this answerr is stupid
Laniakea
The issue is they sold their bond at 1:1 and still do.
David
nope, team said 1:1 redemption was possible
cliff
What bond are you talking do you know bond?
loverdefi
Lmao
cliff
Ok you say this is bond, bond can mint and 1:1 and suddenly sell at 0.92?
psodj
If the floor price were arbitrarily set to .4, the offset would be in the bond yield, no?
CongQ
it doesn't matter if its 0.87 or 0.88, its a BOND OVER 4 YEARS, you should have expectations if you have EVER played with bonds before
cliff
Design say can update what if 0.4?
cliff
0.87?
ali
01/10/2025 at 00:04:21 ESTcan someone explain to me what the deal with usual* (usual star) is? the token is just 100% allocated to team/investors? how will this token be made liquid/sold in the future?
CongQ
the design was always there from DAY 1
Gauss
its still backed so not the same as ust, just seems like an odd choice today
alphahunter5477
please guysd reverse ur decision
cliff
Team suddenly number decision
Gunner funk
So 0.87 price floor was in the whitepaper?
LemonSoju
01/10/2025 at 00:03:47 ESTrugged on ust 3 yrs ago rugged on usd0 intersting how life works
David
im not burning my money in a sinking ship
cliff
People deposit in short period should not been punished by long period
CongQ
bruh WTF R U ON, who tf rugged u
ProtocolZ
DCAโing into USD0++ ๐๐
cliff
Fine give this compensation for people rug by this announcement, I am not ok I deposit say I deposit yesterday rug 0.13 and let me wait 180 days
spicytuuna
UST0--
Gauss
lol steady lads
nihilistic button clicker
Team should activate the artbritage redemption right to calm the members down
CongQ
dafaq u on, who rugged u?
ProtocolZ
https://tenor.com/view/cooking-cook-chef-masterchef-lilb-gif-13910066
Cupi
Phrase de petite bite รงa
loverdefi
Praying for this kek
cliff
If so I agree this compensation