USD0++ is a 4 year bond backed by short term treasuries. So after 4 years it will trade 1:1. Between now and then it will move closer and closer to $1 each day. This is how bonds work. Your future yield is constantly decreasing and your principal is constantly increasing. But what is different in the case of USD0++ compared to a traditional bond is that there is another very important factor/revenue stream which is USUAL rewards. Anyone who says fair value of USD0++ is .87 is basically saying USUAL rewards are worthless. Which obviously isn't true. Because if I hold USD0++, every day I get USUAL rewards. That's why it would not be irrational for USD0++ to trade back to $1. I expect this will happen soon but could be wrong. Everyone saying the team knew that USD0++ would trade to .87 is saying the team knew the market would be irrational.

The mechanism is that USUALX acts as a vault share, if you want to increase your USUALX position, you need to buy and stake more USUAL. A bit similar as buying a company stock/shares, if it helps you understand more easily

true

The team could have been more transparent with the changing of the 1:1 ratio for usd0++

so many people cried when it went from $0.87 now it's back up to $0.94 and all is well. the community is pretty funny at times.

The idea is that USD0++ holders have earned yield over time in Usual which gives them rights to future cash flows. They can unlock USD0++ at $1 if they sacrifice the USUAL they earned. Personally, I expect USD0++ to trade near $1 soon so this won't be super relevant.

so why exactly does the floor price rise if they get paid out weekly? when the floor price rises they get less revenue from buying usd0++ back, so when the floor price rises over time that means the revenue from the treasury bills also decrease over time? i dont know if i get it..

it probably means you need to hold an additional x months after your pt expires, x<=6 if they don't change anything silently again. basically your and everyone bought usd0++ before the Friday are funding the project, especially the value of usual with the yield your money is generating in the next 4 years.

That's your opinion. LST tell you the token is stake-able.

ok - yes I'm aware of the 10% unstake fee. But why then does it say the token amount of UsualX is not going to move (when it seems to auto-compound)? Confused by the "token count stays the same"

Your USUAL auto compounded when staking, u dont need manually do that Btw unstaking is not a wise choice cuz we have to pay 10% amount of USUAL as fee. Instead you can use your USD0 reward to stake USD0++ for more USUAL and again stake more USUALX. Or use USD0 to buy USUAL directly then stake again As a result, quite similar as what you expected

Interest earned on t-bills gets paid out weekly to USUALx

so what does it mean?

It compounds as usualx

thanks @fredchan17999 @PECK (🚫🧢) 👍🏻 but then it means I can't really use this "phantom" Usual to restake it into UsualX... right? Just curious why there would not be an option to autocompound the Usual into UsualX for those keen to simply increase how much usd0 they get per epoch?

so the longer they hold the t bills the greater will be the revenue when they sell a part of it?

No

Hey, If I'm correct understand that from next week we will be able to convert our USD0++ to USD0 at 1:1 ratio? If I had some USD0++ on pendle i will redeem them to usd0 without losses?

Usual will be compounded, you can see it on debank usd0 will be credited to wallet/claimable at end of epoch I assume

No, USUAL amount will be compounded and you have to unstake to receive, meanwhile USD0 will be sent to your wallet weekly

@Noé @Mr. Lin usual team. After studying your project the whole weekend. The main message for attraction is :”usual the only token that shares the revenues with holders”. 5millions dollar/month is huge Having 18k gives you 500dollars/month payable every week. No one doesit.

Just to clarify - it means my token amount in UsualX (which I just staked on the website) will not move... but the $usual stated in the Usual APY will be credited to the wallet, just as the usd0?

Think of it as USUALx holders deciding if they want 13 cents now or 4 years of Treasury yield. So over time that floor price will increase because in 2 years it will become 2 years of Treasury yield vs. 7 cents now or whatever. And then short term rates become a factor because lower rates mean less projected earnings so higher floor price.

thank you

Bingo

when burn usual to redeem usd0++ starts?

oh so as long as usd0++ trades above 0,87 they get more revenue from the treasuries and at 0,87 USD0++ is more profitable? bc in order to buy back they have to sell t bills?

This is based off the value at which it is approximately profitable for the DAO to repurchase and retire USD0++ instead of waiting for the yield on the underlying treasuries.

what is the floor price of USD0++?

Yeah, I think calling LST to underlying a "peg" is not the best idea (but yeah, it's pretty common to call it that).

what is onrrp basis?

Even if the rates shot up immensely our liquidity will still guarantee that we are over-collateralized

Ser hashnotes purchases bonds by ONRRP basis, so t-bills price actions does not have an significant impact on the protocol

If you check the docs/whitepaper carefully (and don't read stupid takes on CT) USD0++/USD0 parity/peg is not guaranteed but mentioned quite a lot at the end of the day it's an LST. LSTs can be pegged to various degrees depending on unlock conditions.

perfect thank you

yes need to held in wallet not pendle. then you can choose your usd0 will be usd0++ or more usualx

to send a question to someone directly, you have to put this sign @ followed by the name, the USUAL Team name will appear, select one or more🙂

I have a lot of UsualX today, and I am waiting for the revenue switch to see if I reinvest USD0 in UsualX

Hopefully docs only talk about defending the USD0 peg, or USD0++ floor

if you want less risk stake usd0 => usd0++ -> you will get usual -> stake usual -> usualx -> you will get usd0 more risk buy usual now -> stake usualx -> get usd0 -> buy usual -> stake usualx

Yeah, search "UTC", you'll see the mod post

Do you know if it will be easy to stake USD0 earned through the revenue switch in UsualX, and if it's free? What is your recommendation on this matter?

did they say it?

Midnight UTC

Yea there's quite a lot of similar sentences in the docs/whitepaper though about defending the peg or having to trade a parity. And they have a few dao parameters to adjust it. not 100% clear though

Its weekend and they are not available at any time, be patient

what time is the first snapshot

@Noé or @Mr. Lin can answer you

Ok no worries. Do you happen to know what the time the announcement on the early redeem feature etc. is tomorrow ?

Mr.lin doesn't answer me. I don't know why 🙂

Maybe you can ask to USUAL Team

Yeah, I think that's making the case that the features built into USD0++ mean it should trade at a premium above the floor. It doesn't seem to indicate they'll directly intervene to that end.

according to hashnote USYC (US Yield Coin) is the on-chain representation of Hashnote’s Short Duration Yield Fund (SDYF). SDYF invests in short-term US Treasury Bills and performs repo / reverse-repo activity as the underlying asset of the USYC token.

For example from the docs: "Given these features, the expected market fair value should be at parity." Seems like the team wants it to trade fairly close to $1

I've yet to discuss with the tokenomics team on how they want to devise their plans on this. Will share more on this once they're up tmr.

Yea sure i don't really care if it's pegged or not actually. Just saying the DAO can mostly tune the volatility and how close it trades to $1 through the target outflow rate.

Nothing is confirmed yet, but we are aiming to push USD0 use cases to TradFi and CEXs, for example. This would greatly expand on our revenue streams and boost the community's confidence. After all, all theories are backed by its price actions, and bullish price actions speaks louder than any words

The longer the duration of the bond, the higher the interest rate sensitivity. Interest rates have risen recently, and as you know, prices are the opposite. I just want to see if Hashnote is made up of long-term bonds, contrary to the explanation that it is made up of short-term bonds. I don't understand why no one is curious. DAO was involved in arbitrage on USD0++/USD0, but at some point, They're not doing it. DAO had adjusted the ratio of the curve pool to 45(USD0):55(USD0++).

Not speaking for the team obviously, however I would suspect that the structure of the whitepaper has already indicated that USD0:USD0++ naturally would not have been "pegged" on a 1:1 basis per se, since USD0++ is never classified as a stablecoin. Since TGE on Nov 27, we are still in an EARLY phase. I reckon the team really wants to push out all of the features indicated since 2024 Q3 (which stated that early redemption is set to be at 2025 Q1), thereby having the bandwidth to fully focus on the more important things, such as expanding the revenue streams.

do they moved earlier the launching of revenue switch? i thought its planned to launched on 1st of Feb 2025

Yes the number I mentioned is monthly revenue, but we will receive it weekly, should be / 4

Monthly not weekly right ?

I'm curious on how the usual team sees USD0++/USD0 peg. Do they see it as something that should trade close to parity with USD0 and how close - or anywhere just above floor price ? In the whitepaper it's described as an LST and doesn't guarantee a peg indeed. However the DAO can mostly tune the peg through the target outflow rate. If it's set very high then the peg should be strong. Wondering if the teams sees USD0++ price more varying between $0.99-$1 or say $0.9-$1 for example.

What was the question?

@Mr. Lin curious if you know the position of the team on this or if you have any thoughts.

Not entirely convinced, it's not a 4 year bond like everybody is saying. Just the deposit is locked for 4 years. See from the docs on how they describe USD0++/USD0: USD0 Liquid Bond Token has free market pricing. At first glance, one might think it would be valued at a premium because it’s USD0 with rewards on top. However, due to its maturity, it could exhibit more volatility. To ensure a fair price at parity with USD0, USD0 ++ has access under certain conditions to the underlying risk-free yield through Base Interest Guarantee (BIG) mechanism. Given these features, the expected market fair value should be at parity. To ensure safety in the crypto space, the Usual DAO has the right to unlock a bond through the Parity Arbitrage Right (PAR).

Got it, thanks!

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Mr. Lin

hanasaver

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Due to the amount of opinions and feedback we've received from the community over the past 72 hours or so, the team has decided to open up the revenue switch to ensure users' voice are heard and thereby reassuring them with action instead of mere words.

Can you explain your decision about this last minute change?

Hey, thanks, I saw that! But you wrote something else in the tweet: https://x.com/usualmoney/status/1876599268624281643

Usual (@usualmoney) on X

3\. Activate and Earn \- Revenue Switch goes live when >50% of USUAL tokens are staked as USUALx\. \- If not? It auto\-activates Feb 1, 2025\. Once live: \- 100% of revenue, up to $5M/month, flows to USUALx stakers in USD0\. \- No gimmicks, just value\.

Twitter • 01/07/2025 06:58:25 EST

What I'm talking about is USYC's attestation. It's not on-chain. If long-term bond is already in treasury, it's exactly the reason to say 1$ in 2028. So, I want to see the attestation.

yes this one

largest holder of usyc in etherscan is usual treasury https://etherscan.io/token/0x136471a34f6ef19fe571effc1ca711fdb8e49f2b#balances

kindly refer to our latest announcement ser

https://usual.money/blog/revenue-switch-a-new-dawn-for-usualx-holders

What happened to the difference between the 0,87$ year bond and the 1$ for each USDO++ usual team sold us? The USUAL team already has the revenue for 4 y already in their treasury?

I couldn't find the attestation of hashnote USYC and Usual. Can you send me the link?

i think there onchain wallet proof they holding usyc you can literally compare usyc usual tvl in defilama

Yeah they have, I’m not at my pc right now. But you can find them somewhere

Hey! Qq it was previously communicated that: - Revenue Switch goes live when >50% of USUAL tokens are staked as USUALx. - If not? It auto-activates Feb 1, 2025. Any idea why the switch is going live tomorrow, since we are at ~30% of Usual staked?

Yes, I read it, I wonder if Usual has an attestation like the attestation like ethena

High fees being made

Whatever is paying 3.8% is the bond

have you read this part ? docs.usual.money/usual-products/usd0-stablecoin/rwa-collateral

Hello, can you tell me if we can use usd0++ on defi like Morpho or Aave ?

The market prices the token, the floor for USD0++ is 0.87 USD0 A 4y bond can't be pegged in parity to an instantly liquid USD. Hence the lower floor. How much above that floor it trades depends on how the markets values yield

Didn't you understand my question? I'm asking if USYC, the asset of USD0, is composed of long-term bonds, not short-term bonds. I haven't found an attestations of assets backing USD0, hashnote USYC, anywhere.

so the reward rate was adjusted by the Dao?

@Noé quick question. I'm curious on how the usual team sees USD0++/USD0 peg. Do they see it as something that should trade close to parity with USD0 and how close - or anywhere just above floor price ? In the whitepaper it's described as an LST and doesn't guarantee a peg indeed. However the DAO can mostly tune the peg through the target outflow rate. If it's set very high then the peg should be strong. Wondering if the teams sees USD0++ price more varying between $0.99-$1 or say $0.9-$1 for example.

the need for more USD0++ liquidity I assume, seams like a fairly safe LP IMO

usd0++ is short term bond you can redeem 1:1 current price is 0.9x in 2nd market it will go to $1 at 2028 usd0 is the stablecoin.

Why is the usd0/usd0++ LP reward so high now?

so the value in Usualx over Usual is basically the spread between the two that grows over time correct?

I mean, I don't understand why the team is referring to 2028. Does USD0 consist of long-term bonds, not short-term bonds?

@Noé dumb question here but can you please confirm. When staking USD0++ Usual rewards pay in emissions but when staking Usualx they are compounded, no emissions?

Yep

TGE 494m from total 4B

since when we need to hold usualx in our wallet to be elegible for revenue switch 1st distribution

im curious how much was allocated in the previous airdrop? was it 7.5% ?

it is short term bond 4 years maturity at 2028

Is the t-bill in USD0++ not a short term bond but a maturity at 2028 ?

Does the revenue switch basically mean I will get USD0 for holding usualx?

no more airdrop bro

hey guys how much of the % supply was allocated to s1 airdrop for USD0 holders?

즈

Thanks! Looking at the WP now.

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Noé

0xnoe

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June 2028 iirc, precise date is in the WP

What's that exact maturity date?

Underlying is overnight repos indeed

They’re all the same

There are no T-bills with 4 years duration, T-bills terms are 4 to 52 weeks. Thanks.

Tomorrow (Monday)

I believe all are same bc usual will stop be minted after 2028, it make no sense to have an end date later than that

USD0++ is backed by USD0 which is backed by T-bill with 4 year duration so to guarantee the 1$ stable price for USD0. I have no idea if every USD0++ minted has a separate duration…

When is the revenue switch?

Yes, I know. I'm just wondering about the "4 years" part. Are all USD0++ tokens the same or each have a different timer of 4 years depending on when it was created?

You can unstake earlier. Floorprice is at 0.87$ but rates are 0.94$ in secondary. It will gradually go up. If you do want to unstake earlier for a loss, you can redeem 1:1 for maximum 6 months of revenue. That’s a safety mechanism to ensure the good health of the project.

it is not stake

When staking USD0 to get USD0++, is the staking for 4 years starting from my exact stake date or are there USD0++ tokens with different staking end times, depending on when their staking was done?

fud is locked by the admin, this is also good for making the atmosphere calmer. Friday's incident was a stress test for USUAL. The team should provide protection. I also see USDO under pressure but the price of USDO is not falling and can be considered stable. This proves USD0 is a true stable coin guaranteed 1:1 with USBond. My advice to the USUAL Team @Noé For the future, make a simple announcement that is easy for everyone to understand so as not to cause misunderstandings. Let's take a lesson from this incident.

up/down don't worry about it. there more product to come in futures. not even 1 month yet after TGE

The tvl is going down ,no?

Yes and get usd0 in 20jan

I've been doing stake since yesterday morning and I'm already +10 usual.🥰

anybody could explain me how this user is doing this? ame tx hash two wallet, i think he supply the USDC he immedately borrow after..but how?He i clearly waiting to be liquidated but i do not understand how does he create this position

Could you explain this, which is spreading on Twitter? 0.975 and 0.955 to redeem. - team (adli.eth) started facilitating liquidations to prevent any bad debt - normal liquidations cant happen coz its unprofitable for the liquidator as long usd0++ market rate is below 0.975 (PT hardcoded market) and 0.955 (usd0++ hardcoded market) - team can "bypass" unprofitability coz they can redeem usd0++ at essentially any floor they want - doing PT market first, havent started the main one yet - for the liquidated person, liquidation is +ev vs unwinding, they are "selling"to the team for 0.975/0.955 vs market rate (0.925).

They're defined in 3.3.1. θt is net weekly outflows while θtarget,t is target weekly outflows (not set yet). The formula for weekly outflows is in 3.3.1.4

Friday i was selling, as no answers anywhere, i thought the team is bad…but when i read discord all day and so @Noé in action i said no way no way !! And thx i waited. Fortunately we re still dumped due to week end effect lets see tommorrow.

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devisse.

fredchan17999

Noé

0xnoe

Jimny2024

locnguyen_31

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The initial values for parameters will be shared early next week, with the release of the Early Redemption feature

Vibes getting slowly more bullish. FUD is slowly disappearing. Enthusiastic new users joining our journey. USUALx stakers growing at 36.7% now. USD0+/USDC getting better rates (0.94$). All we need now is an altseason 🫡🔥

Usual team keep supporting everyone very well, thats a reason why I trust this project LOL

@NoéHello, what do the parameters θT and θtarget,t in the redemption rule mean? Can you explain it in detail?

She bugged, tired poor machine with all questions and fuds…she deserve rest I m still impressed anyway by @Noé , r u a machine ? Friday amazing !! Answering all questions so quick with calm etc

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Noé

0xnoe

Fadi

fadi000

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Mava will be re activated early next week

English Translation: Hello, in the old pool, wasn't USD0++ hardcoded to 1? How is the 0.955 derived here? Is it 1 minus the liquidation penalty?

Is Mava still available?

okay got it i guess would have to find out myself how do that work, thanks for your help

Yes u can swap back. It route u to 2nd martket.

@BingChilling

i swap the USUALx via web3 binance, does the wallet have the feature like uniswap or pendleswap? that can process the USD0+?

If this is the case then I guess will have quite high factor during the first week since we had over 200M of outflows, but it should rather quickly drop.

How do you swap in the first place? U can swap back?

No, MEV Capital automatically allocates to the new market (you're not directly in a market, you're in a vault)

I have deposited USDC in this pool. Do I need to transfer it to a new pool?

well its still in the crypto wallet... it doesnt making any sense..

looks correct to me, A=0 mean B_USUAL = 0

Could you please tell me whether the "pt" price for this pool is hard-coded? If it is, what is the hard-coded price?

Do I get this correctly, that if there are no redemptions then the value of A parameter in the "USUAL Burning Redemption" formula will be 0, hence the actual amount of USUAL needed to redeem 1:1 will be 0 as well ?

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3

Mr. Lin

hanasaver

Noé

0xnoe

lirrboroncruiser

lirrboroncruiser

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Connevt your wellet in uniswap or pendleswap

https://usual.money/blog/revenue-switch-a-new-dawn-for-usualx-holders kindly refer to this article ser

what would you suggest icecream, how can i liquidate USDC easily

U sell assets with peak fear. And buying asset top euphoria bullpost by twitter? What it's that tell you? Bad decision.

It's weekly now

if my usd0+ is that huge to make a different probably i wont let usual value dropped that much uhh

Sure bro u can buy xrp. But people like me waiting to short xrp at top 😉 dont let me steal your money.

some countries monitor quite strictly on cryptocurrency

Top buyer lol bro got psyops by twitter into being exit liquidity

maybe would consider buying XRP with USDC easier to liquidate the asset..

As u were the one asking the question of when…so i was wondering what is eth0 and btc0

understood

it there a complete guide on how to do this im using web3 binance

USDT has bad rates, like the worst. Best to swap for USDC

Swap in pendleswap or uniswap

How to sell my USD0++ into USDT

u should ask the mod, not me

Good question.

@Mr. Lin a question regarding the "revenue switch" holding period (epoch). The blogpost says "Rewards are eligible only for positions held throughout the monthly epoch" - is that the latest? So if I have USUALx now, I have to hold it until 13 February to get the first USD0 distribution? Many thanks!

Hello @nisan what is eth0 and btc 0 thx 🙂

ah yes, runescape is the way to go

If we just activate all these slots, Usual will be the 1# stablecoin.

It will be on the pipeline ser

sir i heard usual will launch ETH0 and BTC0 is that right ?

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@Noé hello Noe. The guy youtuber i told u last time “crypto pour tous” made another interesting video where he talks about crypto actual context. But in 5mn17 he talks about usual, interesting point and positive you can see. Youtuber : crypto pour pour tous. Video title : “une semaine a oublier”

so the payout will be weekly by dividing said amount by 4 right?

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Mr. Lin

hanasaver

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so it is on a monthly basis for the projected rewards

Hi ser, I have already forwarded this question with team for more clarity, stay tuned

https://discord.com/channels/1106588534871179280/1107144153076347022/1322099615637442652

@Mr. Lin just one questions - the amount of usd0 I see in the dashboard - is monthly or weekly ? also if it is monthly then it will be divided by 4 (as there are 4 weeks in a month) ? Thank you in advance

its still there on APP ser, plz change it

Please I converted my usual to usualx 2 days ago But I did not notice any increases of any kind or any rewards Is this normal ! Just rest assured

ok sir

Exiting LP on uniswap should not incur a penalty of 10%, ser

?

someone who exit the LP on uniswap will pay 10% too ? u sure ?

I understand there might be confusion over the past 72 hours, appreciate the patience

https://usual.money/blog/revenue-switch-a-new-dawn-for-usualx-holders

@Mr. Lin Maybe this announcement should be changed sir. " Rewards are eligible only for positions held throughout the monthly epoch" thank you

then you'd receive more interest from LPs

yep

so its mean they who have some LP will not receive it ? i think LP is consist of usual and usualx

Only users who hold USUALx (and not LP/YT etc) will receive reward from revenue switch ser

sir if i have some LP on uniswap usual/usualx will i still got the revenue ?

that is I mean, its weekly not monthly?

We have changed it, per our most recent announcement

Is it weekly epoch, not monthly?

Only if you have USUALx before start of epoch, and hold it throughout the entire epoch ser

This means that if I stake as usual, within 7 days I will get a prize, right?

Then it would be Jan 20

My question is about the next epoch)

Tomorrow (Jan 13, UTC+0)

The next epoch will start on 1 Feb or 13 Feb?

AFAIK, reward eligibility is counted at start of epoch, and rewards are now distributed on a weekly basis

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Noé

0xnoe

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@Mr. Lin Can you explain the following information for USUALx staking time • Rewards are eligible only for positions held throughout the monthly epoch. • The epoch begins at the start of each week (UTC+0) and ends on the last day Thank you

Add me up @Gothicowiec

Team, you need to assure the 1:1 redemption and adopt a linear convergence to your target .87c in the next 6 months. Otherwise there is scope for misrepresentation and AMF complains. The project will slowly die. To your attention.

How much i need ethyrium for staking usualx by 1 year?

becareful for the link you interact with man

I mean if much people will be staking usualx, so price usual will be more less because team will be adding more usual coins than they could add?

thought there would be an announcement addressing this but I don't see anything

Hey... i think it is rude if on website is wrote "we are better than".. you know sometimes like be brutal 🙂

However, if anyone DM you saying that they have an solution, they are definitely a scammer.

Sorry for your loss ser, there are a lot of scammers on X and we simply cannot avoid them unless we switch off the comment section which will hurt our engagements.

Its $600 not a few balance for me

Hope it's not a massive lost

Feel so sorry for your lost bro 😢

Just got from a sleep, didnt see fake link. My fault

how were you scammed ser

I got scam from X link

What happened to the fud? Is everything ok now?

Yes, USD0 reward is not auto compounded, it will be sent directly into your wallet weekly

How are the rewards for yt-usd0++ distributed? I purchased it yesterday, but I didn’t find that my usual balance increased?

The usdd will not auto compound, will it ?

Sup guys

Both bro, for USUALX Revenue switch is for USD0 reward

The usual we going to earn from revenue switch is going to auto compound as usualx ?

And 10 minutes 😄

Lolol. Thx you. Yeah then good to stak then sell with loss.

Its monthly revenue switch haha

Per what week, month ???

ok，12 hours left before Monday UTC+0，a friendly reminder

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Mr. Lin

hanasaver

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More details would be on its way tmr

Yes would normally be UTC+0

thanks，also neeed to make it clear：when the snapshot will be taken，UTC+0？rules should be transparent

sorry for the typo, it should be weekly

Yup hope our money will increase significantly in one day haha Btw, fyi, Im getting around ~530$-550$ at minimum for staking ~18k USUALX as shown on their dapp

Thx bro for ur kindness and answers.

should be weekly not monthly？

Thx you. I need to check. How much now is the reward ? Lets say for 10k usuals if i out them today at end of moth i will get how much usd0 ?

5. Be sure you only approve Usual official dapp/website in your wallet, be careful with fake websites and scammers on X 6. Make sure you have enough ETH as fee in your wallet (~10$-15$ should be enough)

Let me relay your questions to the team, stay tuned

1. Buy $USUAL 2. Stake USUAL on our website dAPP 3. Hold USUALx throughout the epoch 4. At end of week, will reward users with $USD0 being sent directly to their wallets.

voting power of usualx should turn on ASAP，community need to decide how to deal with the profits

Hello @Mr. Lin do u have the procedure from a to z on how to do. Starting from usual we have in binance to the reward. I will also then make video to show other users and promote that.

Let us confirm with team

Yep, no reason to sell at lost if we can hold for long term. Just reminder that you must have USUALX to get rewards, not USUAL

Even for multi-sig wallets

Good. Thx u. I need to see how it works then. I dont wanna sell them with loss. I dont wanna also take only usual as rewards in case they continue dropping there will be no advantage to sell them

It should not matter with what wallet you use ser

Ok. So i need to change my usuals to usualx

Did u finished staking USUALX via their dapp first? If yes, your USUALX will get USUAL compounded instantly and USD0 every week As long as you can see USUALX in your wallet, it will work as expected

Yes, the Usd0++ is still get apy paid by Usual

You're using a binance web3 You'll get both the usual and Usd0 as incentives

I got a question, so once distributing the USD0 as profit share, the USD0++ holder still get usual as well? Or just switch to USD0 instead of keep minting Usual?

No i the usuals i have in binance (through web3…etc i know). But i will get every week what exactly ? And eveyweek i can take profit ?

Yes

You mean USUALX? You will get both USUAL and USD0

Yes you got both

You'll get both

Both, usual compounded plus usd0

Hi guys. If i stak usuals i get only usuals as reamward ? Or usd0 ?

Im holding strong

@Noé friend, maybe you knows what the situation is with galxeee?

Hi. I have 16300usuals (bought at 1.4average). as we all blocked with price. Best solution understood is staking. But how concretly i can have staking advantage finacially speaking, every week i will have income ? How it works. If by staking i will get other usuals but price is cheap what is the point ? Thx for help

Stop USD0++/USDC Rewards before it's too late

yessir I’m aware - to clarify what if I held it from now in a gnosis safe. Will I then be eligible for distributions?

usd0++ already at 0.936 on curve btw, market knows that usd0++ is more valuable than Floor due to the fact that gives equity and that will eventually be worth $1

At least read. Luna back their stablecoin with a doomed-to-fail algo. We have treasury bill backing. Educate yourself

Real?

it's not about hope, is about the system design. You can check for yourself the backing of every usd0 minted, it's on the blockchain. This is not an algorithmic stablecoin like usdt was...

I think if you transfer during epoch, you will not be eligible

It’s definitely not like LUNA bro, its backed by RWA 😄 btw its recommended to read their docs bro, you should at least understand what you put your money in

there's nothing "curious", that's how the system was intended to be from day 1, read the latests posts from the team to understand better

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Noé

0xnoe

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@Noé if I hold usualx in my gnosis safe am I eligible for usd0 yield?

just check from debank.com. Ive been watching that and amount of USUAL increases every day.

We addressed the situation through previous communications. If you didn't read them, I'd advise to: # 📣ㆍannouncements

ok. i hope usual is not next luna.

They gave you the illusion of a stable when you are buying from them at $1. But it’s suddenly a bond when you want to redeem it. The fair market price “curiously” stayed at $1 for a long while, when it should fluctuate, as a BOND should.

If you say so, I'll take your word for it

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Noé

0xnoe

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You can also see it by simulating unstake USUALX on their dapp. But debank shows more accurate number. Your USUALX won’t increase but the amount of USUAL will after unstaking, thats how the mechanism works

It's a UI bug that has been reported multiple times in private tickets, and now fixed, nothing sketchy here sir

well that seems sketchy

is there any chance to i get my usd0++ as a $1 ratio soon. Because if i didn't see such a long time at $1 price i wasn't invest, yes is should read but it didn't market like that

why rewards are not shoing in the usual app itself or in my wallet ?

Please check # 📝ㆍminor-updates > #3 Reward Calculation Adjustments The UI was updated, fixing a bug where rewards could include claimable or pending ones, in their own category, artifically increasing them.

Check debank and see your amount of USUAL increase overtime

guys i have been holding usualx token but i didn't get kind of reward. Am i the only one facing this issue ?

# 🧐ㆍspeculation

Never DM anyone, be careful with scammers, just a warning! ⚠️

The project have just launched nearly 3 months, it can dump for 50-60% but also can pump for x3-x5… who knows? We are here not for trading only but also growing up with the project if we believe on its long term future As I bought SOL at 8$, 14$, and 20$ in the bear season, and u can look at its price now bro I know it’s painful to see our money decrease but we actually lost nothing eventually as long as we hold and stake it

is lower usual price make it cheaper to redeem usd0++?

But we more than the others 😦

Yeah, I know, Im also waiting for the whole market pump bro 😭 no pain no gain right?

I hear this since 3 weeks now

same problem bro

Yes but what if I hold it in my gnosis safe (or any other smart wallet)?

I've had the exact same issue, haven't claimed any $USUAL rewards since airdrop day, and most of my earnings have suddenly dissapeared from website, some dodgy things going on. I have over 15k accumulated $USUAL now it's about 4k out of nowhere, would like to know where my $USUAL went

Hello0 friends, maybe someone knows what the situation is with galxeee?

they acknowleged that already. Touch some grass fren'

Bro the whole market is going down today 😅 dont be panic

@Usual team. U just didnt master the comm with all these changes look where we are now 😦 sorry but i am super frustrated there is a sell off pressure today ? Why ? Who ? I dont know

If you hold usualx you will receive usd0 for revenue switch reward

🤣 yess we are simple man

been answered multiple times here and twitter. Try to search it fren

Thank you 🙏, so let me drive my old car better than those complex financial porches

Is this in doc ?

Ya same to me, we are not related to Morpho so just ignore it bro. Keep our USUALX safe in the wallet and lets receive more rewards then haha 😂 dont worry bro @LMEOW yes, for primary market USD0++ will sure increase to 1$ after 4 years locked. For secondary market, it depends.

interesting so people bascially see it in longer future at $1 already

That's what I am doing from the beginning, it is less complicated, I didn't understand all the complexity of Pendle and so on

As long as you have USUALX in your wallet rn, it will be good, nothing need to do

@Mr. Lin will usualx held in contracts get usd0 yield?

No, I am stacking in usual app as the beginning

If u are staking USUALX from their dapp, nothing need to do bro Morpho announcement only for who was on it before

are u on morpho now? old vault has oracle problem.

Having the same issue

Can anyone explain to me why we should migrate to Morpho?, I am stacking in usual app like the beginning, am i an old men?

Hi, I have a question. Is this a display bug? Why is the APY negative when staking USD0?

Secondary market pricing is not up to us

Where is the 13c difference from 0,87 to 1$ ? Where is it used ? Where can we see it ? Which smart contract ?

I bought 1500$ YT for 40 days and I calculated my reward every day now it seems like after 30 days I have 562 USUAL token reward??

Check “minor-updates” #3

@Mr. Lin

I don't understand

Seems like it was a UI issue when pending rewards includes claimble rewards. Check announcement

this is YT reward from pendle, yesterday was 1000 inclaimed USUAL and now it's only 700

Hi, if usd0++ fp will be at 0.87, then why does the current market value it at 0.94?

Wow this guys is high, he doesn't understand a bit about this protocol. He thinks usd0++ is just another meme coin. Thats the problem with all the fudders. Zero knowledge about the protocol, didnt read anything

I didn't claim anything ang there is no txs on debank

before the pending reward means the ones in pending and the rewards claimable, now it is only those which is in pending.

did you claim rewards in between?

Is everything ok now with usual rewards displaing on the Earn page? yesterday I had 1000 unclaimed USUAL and now it's only 700

asking the team w/ regards to yt/pt/lp-usd0++

On it

lol can someone answer my question? I am waiting two days already

@Mr. Lin hey. how can one calculate how much "pendle lp" tokens he need to get to meet the usual airdrop vesting requirements? x2 from usd0++ number?

No it’s not, it’s like saying US Treasury Bonds can go anywhere in the secondary market, no it flipping won’t.

Bro do u really understand? U are asking like a boss about your money but not take time to read the docs once 😄

read the history. Usd0++ is bond that can go anywhere. that not what I am putting my money on. not here to make any trouble. but really thought usd0++ was a stable coin. people said its not. so I guess I am not interested. I will see my way out ~~

Lmao wadu heck, that’s not in one bit of what I said

you sound like you're here just to throw your opinions and not genuinely asking questions.

?

https://discord.com/channels/1106588534871179280/1107144153076347022/1322099615637442652

For USUALX plz check debank to see your amount of USUAL increase over time

Thanks, so the price of usd0++ can go 100$ or zero ? well I guess I am out...

check internet and your wallet connection.

For USUALX i have no idea how it works, i dont get any Usual token rewards on every cicle, how rewards for Usualx holders works?

etherscan will tell u it's bond

It’s a bond that will unlock in 2028, Only secondary market value fluctuates, and the FP will steadily goes up gives users an Early Unlock capability. Both the FP and Burn acts as Early Unlock mechanisms

Is everything ok now with usual rewards displaing on the Earn page? yesterday I had 1000 unclaimed USUAL and now it's only 700

When did you notice this ..all of a sudden ?

the way you formed your question is rather misleading without context Yes the DAO "reserves the authority to set the FP" - but the FP of $0.87 is set according to the T-bill yields (4%) and the time to mature (roughly 3.5years), and not some arbitrary number. i.e. 0.87 x 1.04^3.5 = 1

where my rewards gone? I had like over 29k in pending $USUAL rewards and they have now evaporated

just to point out fair value can go down if rates go up - the equivalent treasury is worth about 85 cents rn, but if theres some shock and rates are forced up (just a few months ago the market was predicting 4 rate cuts this year, now its saying we'd be lucky to get 1, so a reversal isn't necessarily off the cards) then the value of the bond will fall further and they might be forced to shift the floor down again.

I understand that, But what is usd0++ is ? A stablecoin or a BOND that can go up or down. I am thinking about usd0++ as stablecoin. people saying its a bond so price can move anywhere. I want to understand What heck my money on ?