Mr. Lin
Rewards will be distributed to your wallets directly.
Homm||Dev
@unser I guess we all got to claim reward
unser
this is for USUALx stakers
unser
will the USD0 rewards be sent to each wallet, or will we need to claim after each epoch?
Mr. Lin
You should be able to see your projected rewards here.
Mr. Lin
The rewards will be distributed shortly after the end of the same epoch ser.
Cowboy James
@Mr. Lin: I deposited onto the website. I changed my USUAL tokens to USUALx and staked it there. I don’t even know what you mean by YT, but I didn’t put it in an LP. I don’t see the USD0 that was supposed to be distributed during the epoch.
Mr. Lin
Otherwise, you should be able to see the projected rewards of the revenue switch rewards distribution section under the EARN page in our dAPP.
Mr. Lin
Did you put it in LP or YT? Those does not count as holding USUALx.
Cowboy James
@Mr. Lin: How come I don’t see my rewards? I’ve got about 15k USUAL staked as USUALx. I staked it a week and a half ago.
Mr. Lin
Would highly recommend you not asking on Discord - you might get scammed from random DMs that want to "teach you how to earn money".
Mr. Lin
Yes ser, the first epoch initiated yesterday at UTC+0.
Mr. Lin
Indeed, the extra would be counted for the following week ser.
PECK (🚫🧢)
I guess following week
Delinda Ansä
Pleas can anyone teach me how I can make some money on investing here .. I’m still not good with this crypto stuff
PECK (🚫🧢)
What if you staked before snapshot then buy more USUAL and stake it, is the extra counted in the current week or following week?
Cowboy James
Hey y’all! Did the epoch happen already?
Mr. Lin
Early redemption does not use nor affect the Curve USD0++:USD0 pool.
Mr. Lin
Apparently yes, you'll need to stake before the epoch starts to have your rewards be distributed to you after the end of the same epoch.
SwEePer
its mean today
xun2x
I dont know. I have same position with you. Try to get out because wierd floor price in middle
CarolV
Hello, what consequences will this bring?
Teslim
I sold my bro to buy usdo
xun2x
The 1:1 Early Unstaking feature will be live on the dApp tomorrow, along with all associated rules, enabling users to choose between farming and unstaking strategies.
1272
💀
TommyW
如果项目方要上USD0++ 1:1赎回USD0,curve上USD0的池子不够退出吧
joeybagofnuts
looking for this info as well and dont see it. Maybe its not live yet?
chillout
does usd0++ pendle still work normally?
Moone
Ok that’s a known error, btw have you tried clearing your cache/cookies see if that works for you @MegaPine
kalamu
where could I find the redeem by 1:1?
MegaPine
u can go to the stake page and see it show negative usual return
zakuku
buy it!
MegaPine
nahh i didnt stake… i just trying to know the daily usual return
zakuku
USUAL is the future
MR.Lin
Hmmm at the time when you accidentally stake did you get any warning message
MegaPine
why negative ?
nubitol
bro, if I stake 13jan after 0:00 utc or today 14jan, so reward will be 27Jan?
dreamsee
how much more😢
Lu
No,you need pay more. Maximum 180 days Usual rewards.
dreamsee
im willing to return all Usual i earned to get my money back in full. is it how it will work?
AKASHTECH2
They said early January! And it’s already over 😶
Zad | IONIC
Yeah stop loss is okay
TommyW
any suggestion?
Usual
TommyW
guys, i need help, bought USD0++ at 1$,now lost 8%, APY is dropping, what should i do ? stop loss?
mikiyo8024
Or it automatically starts after holding for a week?
mikiyo8024
Any idea on the time the epoch starts?
sskye
A bit worried that the protocol now opens up redeem from USD0++ back to USD0, I think this process incurs loss and probably the protocal wants to use 1:1 backers money to cover the hole
昊妙天下
week after week
kimchi
Since it's a reverse repo, a decline in collateral value due to a bank run is not possible.
ngocbeo1121
backing is short duration bonds. it's just usd0++ that is a long term wrap of it (that 1:1 buyers unexpectedly forced to finance the project)
sskye
We need transparent holding report from the protocol
I think the real risk is bank run here. As TVL decreases, the protocol has to sell RWA assets(most likely US treasury which the value has decreased a lot) and the unrealized loss becomes real loss. Another SVB here...
mikiyo8024
if i were to stake my usual now, will it get the usd0 for next week?
Hi anybody knows when did this weeks epoch begin?
Mahashmashana
is there an update on USUAL being made available to those who deposited USD0++ with Euler?
fredchan17999
please be patient bro, team said many many times it should be this month, don't be too hurry
fredchan17999
Check announcements channel bro, team said it would launch soon tmr
biyoshi
When will the early unstake 1:1 happen?
fredchan17999
The rev-switch has been live since Jan 13th UTC, we will receive the reward every weekend. So the first reward date should be Jan 20th UTC
LN123321
@Mava (AI Support) when will we get the revenue switch rewards ?
mikiyo8024
Hi. When does the epoch starts for the new week? If i were to stake my usual now, will I get the usd0 next week?
ZirDeli
Anyone know when we will get revenue switch rewards?
SunnyOrbit
ok, thx!
wim
part of 10%usual for inside team
SunnyOrbit
in the doc's I see here and there the term USUAL - what means the ?
HP
how long until early unstake goes live?
LN123321
is revenue switch live now ?
AM
@Mava (AI Support) When will pending rewards become visible on berachain Veda vault?
AKASHTECH2
When distribution or claim Gal’xe rewards? 😶😶😶
ultralisk3669
Can anyone advise? Thanks
Usual
Risto Jarvinen
I'm new, I have some slight complications, Any help?
fredchan17999
Sure, 0.87 is the minimum and will increase to 1 on primary market after 4 years. For secondary market, it depends, but eventually will also get 1
jonte82
Sure about that? I thought they said 0.87 is the lowest floor forever. Up only from there.
Cortina
That's not true. Floor price is .87. This will gradually increase over time if short term interest rates stay constant. If short term interest rates were to rise, floor price would drop. If short term interest rates get cut, floor price would rise. Ultimately floor price is set by approximate projected value of future yield. In other words, at what price is it profitable for the DAO to purchase and retire USD0++ vs the future earnings from underlying treasuries.
tony_defi
Hope soon need hold strong 0.5 floor, hope team do solid marketing for back above 0.7
ZirDeli
And when we will get the revenue rewards?
billofine
When will we get a usual pump
KBG89
Ah ok
DV
it's set to 0 rn
KBG89
I guess but who knows the amount of usual you'd need to buy, so might not be worth it
ein
- so technially someone could just buy now at 92c and reclaim at 1c
KBG89
Yes, or buy Usual on the market to burn from my understanding
ein
Basically will we have to burn rewards to get 1;1 USDO++ back?
I I have a question about 1:1 restaking. If i recently bought and dont have too many rewards - how would 1:1 wil laffect me
KBG89
Yes, the desappear function has been switched on as of 10pm Tajikistan standard time
bibew
Hi, why some pending rewards just desappear ?
Darki
Not totaly True
Fallen Angel
0.956?
BingChilling
30 june 2028
Aper
will USD0++ repeg to 1
Usual
TR0UBL35H00T3R
yeah we might be ill ask chatGBT
Richarito🥷
Maybe we are in still in early Jan.....
TR0UBL35H00T3R
NP BUDD
TheoChr
thanks
TR0UBL35H00T3R
UX is auto compounded the USD0 is claimable after each epoch
TheoChr
Also guys if i stake Usual now i start getting rewards? and just usd0 distributed weekly by epoch?
Neckbeardius
is phantom no longer supported
TR0UBL35H00T3R
NP budd
Well_Wisherrr
Thanks budd.
TR0UBL35H00T3R
debank is protfolio tracker, im not sure on usd0 yet. probably claim once a week after epoch
Well_Wisherrr
Usdo will be dropped in the wallet as well.
Well_Wisherrr
Debank? Haven’t tried it before.
TR0UBL35H00T3R
just hold it you can see also on debank
Well_Wisherrr
So we only have to hold usualx and it compound in usualx until we sell it for usual?
TR0UBL35H00T3R
usualx
Well_Wisherrr
So when we convert usual to usualx the apy will be shared in usual directly in the wallet ? It says auto compound does that mean we get usual or usualx staked already.
TheoChr
such as for example? another type of staking?
TR0UBL35H00T3R
I just move money on chain and buy on website or dexs lol
Im really surprised on how many people use cex to buy tokens on here
Gabee
Yes
TheoChr
''More intuitive mechanisms to lock the USUALx will be available in the next few weeks'' Such as?
BingChilling
Even every crypto to zero i wouldnt buy dai
Gabee
Cardano.. Still waiting for the djed to pop
JohnCarraway
Thanks
Biel
yeah
Lucas | 🇧🇷 🇵🇹
nice!
JohnCarraway
Evening , so will revenue be shared with usualx holders each week , right ?
BingChilling
$usual later but its part of roadmap which is good
Mohamed Eldpah
Done thank you
Sir_V
You can read the details on the Whitepaper
Sir_V
Long story short, it’s dynamic. So it doesn’t really matter what it was yesterday.
Mohamed Eldpah
I apologize for my silly question ، Today the interest rate on currency conversion is 279% for ( usualx ) How do I know the interest rate that I got While signing the contract two days ago ( while convert my usual to usualx ) Or does the interest rate change for all investors, old and new?
Sir_V
Anyway. Missing the point - was trying to share some positive news!
Lucky Boy
Hahaha
Sir_V
To buy usual on Binance? 😂
Lucky Boy
Get another nationality get golden visa from dubai or something
Sir_V
Kraken, Coinbase and Crypto.com is where most US citizens trade crypto. So any listings on those 3 is amazing news!
Sir_V
Also not available to US citizens
Lucky Boy
Try bitget. It like a new binance they have these bgb coin that you can farm others coins like bnb they have all features binance has
Ekosone
The tweet only refers to $TOKEN and $COW not $USUAL
IDRAH
Wen USUAL*?
JACH
Well, Lets hope price goes up after listing. I need $0.70 c to break even.
BingChilling
yeah nvm those jan 15 only for cow and tokenfi lol
Sir_V
I think on the 15th they are listing $token and $cow. I didn’t see they disclosed the exact date, but I guess next couple of weeks
mikiyo8024
yeap!
BingChilling
literally on the tweet bruh Jan 15 - 15:00 UTC
JACH
Ok. When Is kraken listing USUAL?
mikiyo8024
thx!
mikiyo8024
metamask
Benny Martin_Kel
Well that’s good for a start
BingChilling
number 1 buying power is U.S country lol look at btc etf in US vs btc etf in hongkong. not even close
Sir_V
Exactly. Kraken is huge in US and usual is not listed on Binance US
mikiyo8024
about usd1500. its all i have 😦
Benny Martin_Kel
Like how much do you hold?
mikiyo8024
yes it is showing as part of usual positions.
KBG89
More potential buyers, what is so hard to understand here
mikiyo8024
yeap. swapped already. to usualx
JACH
Can u explain it to me pls. Dont get why this Is a big thing if people can alredy buy in Binance. I'd rather look stup.d asking a question and getting an answer than be left wondering.
mikiyo8024
Hi. I am new. If i want to stake Usual, i just swap to Usualx and hold usualx in my wallet?
sebkim
ah thanks, makes sense
zh
@Sir_V Hi, does this question have an answer?
Sir_V
Being listed on Kraken (+ Kraken Pro) is a big thing. Unlocking $usual to many new users!
BingChilling
Im not either lol.
JACH
Im not in the US.
BingChilling
Binance us is not same with binance global Bruhhh u didnt know?
Sir_V
Kraken listings page (can’t copy a link here)
Sir_V
Not in the short term. It’s not designed to be 1:1.
zh
If the Early Unstaking Interface shows that I need to pay 100 $USUAL to redeem my USD0++ to USD0, is it possible that, upon confirming on-chain, I may be required to pay 1000, 10000, or even more $USUAL because someone else unstake before me?
JACH
Ok, but people can buy USUAL in the USA using Binance. Binance its a CEX?
ravished
Is this true? where can I find it?
BingChilling
4 years.
sebkim
does anyone think whether USD0++ will ever go back to $1?
Sir_V
No, only on Binance US. Not sure if it’s listed there, but usually they have more restrictions.
JACH
Really? People from the US cant buy in Binance?
Safar
Why can't I sell on Binance?
jonte82
Hey @Noé, do you know if the team liquidations on Morpho are still active? Are they targeting only the deposits from mevcapital or other providers as well?
LucasAndrade93
🤡
🤦♂️
KBG89
❓
LucasAndrade93
?
KBG89
Nice
LucasAndrade93
yes
KBG89
Is that on Pendle?
LucasAndrade93
What happened to the USUAL YT USD0++ rewards? Was there a nerf? Because before I was getting 30 USUAL per day, now I'm getting 7. And the number of stakers didn't increase. So what happened to the rewards?
KBG89
I think 5:57pm Pakistan Standard Time. But waiting for the mod to confirm
Fallen Angel
do we know the exact time?
HP
what time UST?
Safar
Why can't I sell on Binance?
KBG89
Where do you live?
BingChilling
Is it suppose to be long term??
HP
approximately what time tmrw?
EG
I’ve thought about the entire redemption mechanism, and I really struggle to understand why it was decided to allow speculators who redeem right after the announcement to do so at a lower cost (in USUAL) than those who will do it later. I really don’t understand the need to do something like this, incentivizing this rush to redeem, unless it’s to do someone a favor.
Noé
This will be available tomorrow
KBG89
Demain tu pourras simuler
SiberianViki
Hello, a question regarding the Early Unstaking feature: are these parameters (targets from the formula in whitepaper) live or will these parameters be published only tomorrow?
BingChilling
go buy DAI then i rather held cardano then held DAI
Gabee
There is a portuguese channel available if you go to # 🌎ㆍlanguage-select and select PT ou BR. It started 19 hours ago exactly (+0 utc)
GHOST
What time does it start, or was it USUAL-X?
Que horas começa, o eran de USUAL-X?
BingChilling
sky dollar trash people will learn in bear
antdel7528
Man o man I thought maybe we would catch Sky Dollar but all this FUD hurt us bad
sadbull
Will I have the same parameters as the user before tge?
I didn't understand this announcement today
Noé
You'll be able to simulate that live starting from tomorrow!
sadbull
I've been farming with usd0+ for less than a month and I can't figure out how much I should be burning😓
kobe.he
can you answer my question? I just want to make it clear
Noé
Correct
angolibata
So now it's actually 28% right?
kobe.he
I just wounder that If I stake usd0 to usd0++ today and accumulate 180 day's usual without any sell, after that I can burn my accumulated usual for 1:1 redemption? Am I right?
Noé
Gm sir, we've addressed this issue here: # 📣ㆍannouncements
angolibata
Lol sir we're really need to look in the curve's pool, yesterday it was 70% APY+, today it's 28% again??? the TVL i've seen it's about the same!!
Noé
As I previously said, the projected amount (in USD0) currently displayed is lower than reality: we're working on a UI fix.
ravished
the dashboard is not matching up, the projected yield does not equal the projected amount. I still don't understand what the APY is based off of?
SunnyOrbit
edit: 1.1889 x 1.06 /365
EG
ok please announce before
jackjackJ
Why
Noé
No precise time announced for now
HubristicFarmer
I think at maturity with pendle you’ll get USD0++ you can then early redeem
EG
What time will the early redeem option be available tomorrow?
fabwa.
It's the same as you'll get USD0++ when your PTs mature. The USUAL needed for 1:1 redemption ignores your past and computes them for everyone equally based on parameters at time x
Daniel.
If it’s. I don’t think that reasonable.
DV
Try to read more about the protocol before buying.
Jak
Much like a dividend 😂
BingChilling
it didn't matter only degen leave. i believe there still demand for bond
kobe.he
I just wounder that If I stake usd0 to usd0++ today and accumulate 180 day's usual without any sell, after that I can burn my accumulated usual for 1:1 redemption? Am I right?
DV
Your primary goal if you're into this protocol is to get usualX as soon as possible, since it will take you more usual over time to buy same thing. The people dumping dont care about revenues
EG
es, that's true. And what should change starting tomorrow, considering that arbitrageurs will acquire what is necessary to eliminate the possibility of arbitrage between the market price and the redemption cost, so everyone else will continue dumping exactly as they did before. I don’t understand what should change.
ravished
so 86% APY on 100 staked Usual would provide 86 USD0 a year? or its APR equivalent?
Noé
This is USUALx only
Noé
Hi, Minimum projected rewards are calculated based on your share of the total USUALx supply relative to the total rewards pool distributed monthly. Rewards will be distributed on a weekly epoch.
Romanson
Bro, when in official announcement it is stated, that during Revenue switch > 100% of the collateral revenue is distributed weekly to USUAL stakers, rewarded in USD0 who are meant for "USUAL stakers"? Only USUALx holders, or USUAL* as well?
BingChilling
it's not increase buying power. it decrease sell preasure. you farming morpho with 35x peg 1:1 zero risk and dump usual 😉 that's the problem.
ravished
@Noé Is the APY for USD0 on staked usual on the value of a) my balance when I staked or b) the current balance?
DV
Do you want to be the first redeeming with highest gas fee or what?
EG
Last question: Is there a specific time when the early redemption mechanism will start tomorrow, or do we have to stay at the PC all day like guard dogs? 🙂
Noé
also, you should take a look at the entire market
Noé
Sir, for speculation talk, I'd recommend # 🧐ㆍspeculation
EG
We agree, but until now, USUAL holders have been penalized by a terrifying price action, since, up until today, it’s a deeply inflationary token. When you talk about balance, what exactly do you mean? For me, balance means ensuring that USUAL is no longer a token to dump endlessly, and this can be achieved by creating buying pressure in some way
Noé
It's a fine equilibrium, but thanks for the feedback!
Putting infinite buying pressure through that mechanism just wouldn't be fair and actually wouldn't work since it would probably be more expensive than redeeming at the Floor.
Noé
That is your opinion sir. Note that the goal isn't necessarily to put more "buying pressure", since the entire thing is about finding an equilibrium between Floor, Early Redemption and market rate. On the other hand, those Early Redeem fees are partially burned and redistributed to USUAL stakers: this increases the APY for staking USUAL.
EG
I’m ready to be proven wrong. In fact, I asked a question: Do you believe that the solution you’ve identified will lead to strong buying pressure on USUAL? Can I know your opinion and that of the team members? We’re here to have a discussion.
BingChilling
that's your opinion
EG
Moreover, with this system, the buying pressure on USUAL could be minimal, since it will be a race to see who does it first. So after the first redemptions, it might no longer be convenient to buy USUAL on the market to do the redemption. What do you think about this? Without revealing the real numbers yet, but do you think that with the solution you've found, there could be significant buying pressure on USUAL, or will it be negligible?
BingChilling
then stop complain you can exit by 2nd market or buy or burn usual and move on.
Blo Finc
There are people who would want to exit tomorrow and get back in once Usd0++ trades close to 1. And there's nothing wrong in that since that gives them peace of mind.
Noé
Well sir, I'm sorry you feel that way. This is your opinion and you are entitled to it
BingChilling
howw ? am i getting scam ? wtf are you talking about.
EG
In fact, there's no problem waiting. But allow me to say that, after being penalized by this situation, it bothers me that even tomorrow will be a paradise for the arbitrageurs who, in effect, will take the margins that so many people have lost while being in the ecosystem?
Noé
It is not a matter of being "profitable to the team" sir, it's a matter of balance for USD0++ holders and USUAL holders. The current tokenomics and whitepaper have been thought with that in mind.
Lucas⚡
Honestly, if you were in my shoes, could you become a long-term holder after being scammed? I wanted to be a long-term holder, but you ruined that.
BingChilling
"long term user" want exit not even 1 month after TGE omegalul
Blo Finc
Think the best idea for first week would be to fix the penalty to like 1-2% which would be profitable to even team and won't hurt the redeemers too much.
Noé
Hi sir, please check # 🤖ㆍtroubleshooting
codwarzone
@Noé I would like to know why my USUALx rewards are not showing up. Have they not been distributed yet, or is there an issue with my DApp? I would also like to know if the USUALx rewards will be calculated from the moment I staked or if they will be calculated starting from a specific moment.
Noé
Well, if you're a long term user, then there is no issue in waiting +/- a week in order for the average weekly outflows to be lower. You can also alternate with the market rate if it's better than the Early Redeem. You can also, as a long term user, just hold in order to have enough organic rewards. You don't have to Early Redeem on day 1, even more, if you're a long term user.
BingChilling
lol stupiid thing i ever heard nothing is fix. your fix income is not even fix.
Zak
Guys something very simple : if bots buy then price go up then you can sell
EG
The problem isn’t this, Noah. The problem is that you’re constantly giving money away to speculators and arbitrageurs (like you did with the liquidations on Morpho), instead of finding solutions that provide relief to long-time users who have been penalized by the floor price drop.
Roh
yo how long is usualx staking lockup?
Noé
I get it, but bots exist in the whole ecosystem sir. We can't really do something about it. It's just a matter of waiting for inflows to be lower on the average 7 days.
Lucas⚡
It’s not that someone is forcing him; the point is that bots that only pursue profit aren’t organic. Don’t you get it?
TheWorld
This looks stupid why not the team buyback usd0++ and use the profit to buyback usual then burn
Thre3.Mao
@Noé bro these 2day 0++profit so low?the day before yesterday I can get 130 today and yesterday only 20 why??
appxmatthew
I'd rather everyone spend a fixed amount of usual to redeem
Noé
Sir, as I said, nobody forces you to Early Redeem tomorrow when the outflows will be the highest
Zak
If they buy en masse then it’s even easier for you to sell lol
EG
Yes, but you understand that regular users will never gain any advantage from this situation, since bots will immediately intervene to redeem at a cost (in USUAL) lower than the market price (until parity is reached). The only ones who will benefit are people who have provided no value to the ecosystem, buying for the first time tomorrow at 0.92 and redeeming at a negligible cost, while all the regular users who were already penalized by the floor price drop will be left with no advantage.
Blo Finc
Makes sense tbh
HubristicFarmer
I think it’ll be botted and constantly arbed as long as usd0++ is below $1
Ekosone
Curve pool doesnt have enough liquidity, there's plenty of whales, funds and retail investor looking to exit from 50k all the way to a few mill. Curve pool would get decimated there's barely 70-80m there
Luiz Lucas Correia
Hey, guys, how are u doing? Could you please clarify one point, please? The revenue switch activation goes live today, jan 13 I already have in my account a projected rewards on USD0 When is it expected to credit the amount in my Wallet? It’s going to be always on 13rd of the next month?
Zak
If they buy then the usd0++ price goes up and you can exit through the curve pool 🥸
Ekosone
Well will they really?Feel lile so many USD0++ will be looking for the exit asap, this week and the next and probs foreseeable future for the protocol
Noé
Well sir, you're not forced to instantly Early Redeem. In fact, rational behavior would be to wait, since outflows should be higher this week than the next ones.
EG
Basically, tomorrow the bots will have a field day, because they’ll buy on the market at 0.92 and redeem at a minimal cost. Do you think this is fair to regular users?
Mello.eth
@NoéI feel that this setting is very unfair to all users. I hope you can reconsider and come up with a low-cost redemption plan.
Blo Finc
It's decent tbh, fees should reduce to 0 within a few weeks
Lucas⚡
It feels like you’re just playing around with the users.
Noé
it's a constant arbitrage
Noé
Nope, it's still possible, but it'll be at the max fee - Floor redemption or market rates could be better in that scenario
Blo Finc
Any eta? Hope its more than 24 hours later lol
Lucas⚡
And if the limit is fully used up, does that mean early redemption is no longer possible?
Noé
But that's the point sir, I don't know 😄
Lucas⚡
You know what I mean by “rough.” Just share what you know.
Noé
I can't give you an estimate unfortunately, the details will be published tomorrow along with the feature
Lucas⚡
Even if it’s just an estimate, it’s fine. Would it be around 5% of the total issuance?
Noé
This will be made available when the feature launches
Noé
This will be made available when the feature launches
Lucas⚡
What is the full limit of the weekly outflow?
savasadar.eth
What is the max target amount for tomorrow?
EG
Will the exact time when the process starts tomorrow be communicated? So that I can make sure to be ready at my computer?
Noé
Check # 📣ㆍannouncements sir
Noé
It's not from Monday to Sunday sir, it's based on the last 7 days at time T.
Lewis1601
The Old PT-USD0++-March pool on Morpho currently has bad debt, with the two largest borrowers having health factors of 0.9973 and 0.9987 respectively. As a USDC lender, I am currently unable to withdraw my funds. Will the team proceed with liquidation as previously promised, or will they abandon the liquidation process?
Blo Finc
And this resets to 0 every week, right?
Noé
The Early Redemption fee varies depending on the weekly outflows, among other parameters. So yes, there could be a rush.
Noé
Early Redemption will be live tomorrow
Noé
As you may know, the Early Redemption fee varies depending on the weekly outflows, among other parameters. This means that if you Early Redeem 1 USD0++, and you're the first to do it, you'll pay basically zero USUAL. But, if you redeem the full limit of weekly outflows, you'll pay the maximum Early Redemption fee. It's based on XXX USD0++ redeemed / max target amount. No only on if you're "the first" or "the last".
NovatioLegis
Does anyone know where the USD0 rewards go? I'm in the system with a projection of USD0, but have they already been distributed? And where are they available?
EG
I think I didn’t understand correctly. Will there be a rush to redeem first? Will those who redeem earlier pay less (in USUAL) than others?
通商宽衣(usual code U7GWE)
Maybe need a highlighted overall mechanism explanation, many guys have bias right now
EG
could you do an example please?
Blo Finc
Will we have the feature live today itself or is it just the announcement today?
Lucas⚡
I hate to bother you, but could you please explain the exact logic? Where does the slippage occur? Does the early redemption fee change in real time?
Noé
Yes and no. There is slippage on the amount, meaning: if someone redeemed 1 USD0++ (and was the first to do it) it would be basically 0 USUAL, but if someone redeems up to max redemption target he would pay the max amount.
NovatioLegis
Where are USD0 earnings sent? @Noé
Noé
Yes, you can: the amount paid in USUAL for the Early Redemption can be obtained through rewards or bought on the market
Noé
You need to prepare tokens sir
EG
Why don’t these options mention the possibility of buying USUAL on the market to accumulate what’s necessary for the 1:1 redemption? Can’t this also be an option?
Lucas⚡
Does this mean that at the time of the early redemption feature’s launch, the early redemption fee will be zero?
In
Oh, I can't add an emoticon. I think that's a good question.
Peter Pan
Hi, when burning usual for 1:1 unstake,do we need to prepare usual tokens to burn or it can automatically swap some usd0++ to usual and to burn it?
Noé
basically
Noé
zero
Lucas⚡
What does “minimal cost” mean? Could you provide more specific information?
Mello.eth
@NoéSame question, what is the maximum redemption amount of USD 0++ set per week?
In
haha where is dao
heranyx
Now the next question is, what is the dao redemption target?
BingChilling
is it zero ? why not zero so 3rd worlder can use tron for free.
Gunner funk
Tron is actuality facing this issue right now. If the price rises too much, majority of the 3rd worlders who mostly use Tron network will abandon it
Nickniu
跌成屎了
codwarzone
USUALx
EG
Hi Noè, I didn't understand one thing: will the amount in usual necessary to redeem 1:1 USD0+ be the same for all users, or will it depend on the time each user has spent in the system?
Noé
Rewards for USD0++ or USUALx sir?
codwarzone
@Noé Are the rewards still not showing up or is there a problem with my dapp?
BingChilling
same logic if eth goes to zero you can pay gas fee for free if usd worth zero you can buy LA mansion for free
Noé
We are starting historical redemption tracking from the moment we launch the Early Redemption feature. Meaning, at the time of launch, you'll have the minimal cost. It's an amount in USUAL, not USD. It doesn't mean that this amount is "fixed" tho, since it depends on the parameters of the function (weekly outflows, time before maturity etc.).
Gunner funk
That's flawed, should have been USD value. Now if the usual price crashes to nothing, usd0++ stakers will buy them for cheap and exit
codwarzone
Are your rewards showing up?
devisse.
They still Yappin?
LukeOnChain
Can pendle PT holders redeem at 1:1? Currently i have an negative APY on them (instead of 20-30%) . No USUAL Tokens were generated currently because it was a PT (lol)
JZ
so where is the current distribution rate?
Noé
I'm not an AI
Noé
Hi, as I previously said, I'm double checking
Lucas⚡
@Noé Please answer. How is the first week applied? There were no outflows last week. Do we just go with the median of 3 months? And is the early redemption fee calculated based on USD value or fixed amount of USUAL tokens?
BingChilling
when u buy u agree to stake 4 years lock version of usd0 now you want exit after days cmon mate
Noé
Hi, as previously stated: https://discord.com/channels/1106588534871179280/1107144153076347022/1328391295936368651
TakTok
我日他麻里逼👍
kkk666
I agree to burn the gains, but only the gains that have been obtained, not the future potential gains. What’s the difference between this and being a robber? Do you think users are fools who can’t sue you?
BingChilling
yes
sky
We see lots of Liquid Bond Token, but none of them like usd0++, by 1:1 staking ratio, but 1:0.87 redemption ratio
RustyRocket
The USD0 amount that I see in the app under Earn, I get paid that value monthly?
JZ
The 1:1 Early Unstaking feature will be live on the dApp tomorrow, along with all associated rules, giving users the option to choose between farming and unstaking strategies. Early Unstaking allows 1:1 exits with up to 180 days of rewards in USUAL. Those USUAL tokens will be partially burned and redistributed, as outlined in the Whitepaper. what is the calculation rule?
SatoshiXXX
Exactly, before the early unstaking reature is implemented. Did you read that?
Noé
Hi, as previously stated: https://discord.com/channels/1106588534871179280/1107144153076347022/1328391295936368651
burns
You created a breakdown of trust
Lucas⚡
@Noé when do you think you'll be able to answer? And is the early redemption fee calculated based on USD value or fixed amount of USUAL tokens?
SatoshiXXX
There is no such thing in the white paper, read that
nickyyyy7228
has morpho liquidation ended?when give profit to usualx holders?
Noé
Hi, USD0++ is a Liquid Bond Token, a staked version of USD0 for 4-years. This means, as described in our docs, that there is no cost-free option to redeem at parity on the primary market. You have multiple options: hold and get rewarded, Early Redeem, swap at market price or redeem at Floor.
LukeOnChain
What happend with the Difference between 0.87$ (cost of a 4y bond) and 1$ by staking 1$ USD0. The treasury already generated 13% Revenue for each $1 staked? Or more t-bills have been bought?
savasadar.eth
I know but this mean much more money loosing for me. There should be a scenario where people can withdraw their principal without losing money just because they use your platform. We are willing to return the received rewards, but you ask us to give you some of our own money, not your rewards. You have to fix this.
Noé
Hi, please check https://discord.com/channels/1106588534871179280/1107144153076347022/1328391295936368651
burns
Why did you write on the pledge page that you were burning part of the proceeds already obtained, and now you are backtracking, are you targeting our wallets to gain profits for yourself?
Lucas⚡
when do you think you'll be able to answer?
BingChilling
it is LST (liquid staking token) lol LBTC is also LST when you buy LBTC you cant redeem 1:1 if btc price drop
Noé
Hi, it's outlined in our whitepaper
there is multiple options available here
Noé
https://discord.com/channels/1106588534871179280/1107144153076347022/1328391295936368651
kkk666
This is very unreasonable. It should be the burned portions of the previously accrued profits. This is stated in your previous documents.
andrucrypt
yep, it does, as for a lot of people here )
burns
Why did you write on the pledge page that you would burn part of the proceeds already obtained, and now you are backtracking, are you targeting our principal?
Noé
Hi, this sentence is a more concise version of the whitepaper, where lies all the details, implemented as they are described there. You can also simply swap at market rate or at Floor if you wish to.
kkk666
I want to know, I bought USD 0 and staked it for USD 0++ only a few days. Does this mean I have to burn the usual for the next 180 days to exit? In other words, does it mean I incur a loss of 13% right from the start?
savasadar.eth
“Once launched, this feature will let users unstake their USD0 early by burning their accumulated USUAL yield.” This sentence is from your docs. So I shouldn’t have to give a 6-month reward back to withdraw the token I staked 15 days ago. Am I going to go buy Usual to get my own money back, nonsense. Also, stop saying LST to USD0++, this is not LST!
大屌萌妹李达康
i‘m waiting too
Lucas⚡
i'm waiting!
Ekosone
Oh yh no, no chance. Only solution would be for team to allow 1:1 redemptions with no penalty and leveraged position to be unwind
Noé
Hi, I'm double checking on that before answering
Noé
Yes you will, as per our previous announcement, in exchange for an amount of $USUAL tokens.
FlyingArrowz
he's talking about morpho pool
Ekosone
Not really, backing at over 100%. Usual treasury holds USYC to cover most if not entire of TVL rn
roccosplorer
@Noé So please correct me if I am wrong, I will able to unstake my USD0++ for USD0 at 1:1 ratio? A UI will be provided for this?
Shaun
I sincerely plead with you to consider the situation of revolving loan users. I am more than willing to hold USD0+ for 180 days, but since I borrowed USD0+ on Morpho and need to retain all of my Usual, I have already borne several times the principal in interest. After six months, the interest will approach the amount of my principal, which I simply cannot afford. I am truly willing to hold for 180 days. Could you please give us a chance to survive?
Nickniu
nightmare
Lently
Technically the pool's liabilities exceed its assets, which is making withdrawals difficult
Lucas⚡
@Noé Please answer the question.
Noé
The UI will show you all the details sir
DrvGone
Can we roughly assume that the current APY of USD0++ is 23% and that if it is 180 days, then 10000USD0++ will require 1150$ worth of Usual? Or does the UI that will be reflected also show the required quantity?
しょうし
I deposited USDC in the PT-USD0++-27MAR2025 / USDC pool, but now has Bad Debt. I can’t withdraw my USDC. I hope the team can resolve this issue
大屌萌妹李达康
Same question how about first week
Lucas⚡
How is the first week applied? There were no outflows last week. Do we just go with the median of 3 months?
basedscarf
# 🔗ㆍofficial-links dune
Fadi
sky
thx
Ekosone
This, same situation for me
yecine4686
hello i am searching for circulating supply growth of usual token is there a way to find historical values ? or a chart ?
Noé
Should be real time sir
oldjonexx
I sincerely plead with you to consider the situation of revolving loan users. I am more than willing to hold USD0+ for 180 days, but since I borrowed USD0+ on Morpho and need to retain all of my Usual, I have already borne several times the principal in interest. After six months, the interest will approach the amount of my principal, which I simply cannot afford. I am truly willing to hold for 180 days. Could you please give us a chance to survive?
Lucas⚡
source?
sky
hi Noe, will the redemption rate vary in real time, or vary weekly?
Nanobro
community content channel somewhere?
FlyingArrowz
Lmao expecting lots of exit once it's live and USUAL price to pump
Noé
Hi, the Early Redemption fee isn't based on your holding time, it is based on the weekly outflows, current reward rate, time before maturity and so on. This amount can vary between zero, and, at most, the equivalent of 180 days worth of rewards. This means that if you only staked 15 days ago, depending on the weekly outflows and other parameters, if you get the maximum fee, the amount can be higher than what you already earned. This means that you either: - Wait for outflows and other parameters to be lower, meaning, the Early Redemption fee to be lower - Wait to earn more rewards - Swap at market rate
123。
咋还输入呢
Fadi
@Noé Maybe you can remove the pinned tweet from 7th on X , so today's announcement will be on top?
jim111597
That's what I was wondering too.
savasadar.eth
You won’t ask for the 180-day reward back from someone who staked 15 days ago, right? @Noé
Sammyy
thanks BCL
JonoVDM
Hey @Noé ! Thanks for the update you just posted. Will the functionality to withdraw via burning usual be on a brand new smart contract or the usd0++ existing smart contract? I need to know for my fireblocks setup 🙏
BingChilling
yes
Noé
Monday UTC+0 means when today started in the UTC+0 timezone
Noé
for a price of up to 180 days of rewards, see https://discord.com/channels/1106588534871179280/1107144153076347022/1328383987948982304
dΞrkfingah | SBC
Da fuq is UTC+0 ... ? This is not a time ... is it? It's a time zone lol
jim111597
well, can somebody from a team bring some clarity here? "The 1:1 Early Unstaking feature will be live on the dApp tomorrow, along with all associated rules, giving users the option to choose between farming and unstaking strategies. Early Unstaking allows 1:1 exits with up to 180 days of rewards in USUAL. Those USUAL tokens will be partially burned and redistributed, as outlined in the Whitepaper." exit in 1:1 ration with a up to 180 days of rewards or for a price of a up to 180 days of rewards
Noé
It means that the maximum Early Redemption fee is equal to 180 days of rewards.
oldjonexx
i do not understand Early Unstaking allows 1:1 exits with up to 180 days of rewards in USUAL.???
Sammyy
@BingChilling hey icecream, the revenue switch protocol started today, from my understanding USUALx holders who have completed weekly epoch will get rewarded in liquidity USD0 not USD0++ meaning USUALx holder will receive this reward on 20 Jan?
ngocbeo1121
most likely will make its price at 0.95
Lucas⚡
the usual burn rate was determined?
Sumina
is the UI for early exit+burn Usual available yet?
juanbug
did we get news on the Usd0++ redemption stuff yet? /when are we supposed to get news?
kaiij
This place really could use better upfront and more precise docs, so much wishy washy going on. (Same with the redemption accrued vs prospective)
BingChilling
hahahah
kaiij
Not really, cuz usual lists there. I can tell there's not a good economic rationale, it's operational
Grpprofesional
https://tenor.com/view/dan-pena-old-man-yells-at-bitcoin-bitcoin-btc-news-gif-21011935
Usual
Grpprofesional
Well then, I'd ask Pendle themselves.
kaiij
I m saying they use it in broad sense in pendle, tradfi has 2k pages of underlying legal documents
BingChilling
it was precise that yt/pt/lp is excluded ? you can choose usual + more usual or usual + usd0
Grpprofesional
So why do they separate yield from dividends in tradfi trading bro?
kaiij
They use yield in broad sense it includes points carry airdrops etc. If u want to exclude should be really precise about it
Grpprofesional
I don't claim being a yields expert but afaik, yield and rev share are two separate things in tradfi trading, stock market, and all that stuff
Noé
USUALx needs to be EOA-controlled in order to be eligible, not wrapped or in a smart contract
BingChilling
People lost money on yt is not something new. Thats the reason im never buy YT only for farming airdrop point.
kaiij
And have no clue what your statement logically implies
My point is that that rugs yt holders they bought rights to all yield of the underlying
Grpprofesional
Not rlly, everyone will jump in so the rewards will dilute
BingChilling
lol you compare ethena they also not givine yt ena fee switch. what's your point
kaiij
There's no logic to that statement
BingChilling
yt usualx holder not elligible for fee switch revenue. yt is for yield trading
kaiij
Don't understand what this means
Yeah but why do pendle at all then if u are not planning or can't include this. That's a signicant part of total rewards
Grpprofesional
It's bc they didn't make the pool to handle like that uysual.x only can do rev share to wallets or smart wallets
BingChilling
usd0++ or usualx ? lp ?
kaiij
Pendle breaks income streams of the underlying in two parts but now suddenly they are like here's a new income stream but f$xk you.
BingChilling
doenst make sense yt for you to trading yield already got more yield from yt
Grpprofesional
Anything any of us can tell you would qualify as financial advise, so we ain't telling ya
truthbeautyjustice
so if we are in pendle pools whats best action just wait?
kaiij
I mean same problem there but don't think there's anything confirmed there
TheoChr
🙏
lapsang
Does 1st snapshot of weekly rewards was already taken?
kaiij
Yield isn't narrowly defined you know
kaiij
Fee switch would be the yield lol
BingChilling
to prevent frontrun like you lol not everybody hangout in discord. people should get the news fair same time in twitter
roccosplorer
Yes sir. I checked. But I am clearing my confusion so I can take better decision.
Gabee
Selling at 0.56 to buy at 0.5 isn't investing. It's trading. And people trading are losing money. You lost. You didn't trade anything. Either you invest (buy, long term hold), or you trade (short term).
BingChilling
you still get yield ? but not fee switch ?
Noé
Hi, please refer to our previous announcements: # 📣ㆍannouncements
roccosplorer
I am really confused. Ok fine it is a bond, backed by the same amount of USD0 right? So ATLEAST it should be 1 dollar right? Or am I mistaken?
Usual
roccosplorer
I bought it at a dollar and now I check its lost its value. Why ask to stake USD0 and promise the yield?
Jayjay80
Every one is free to choose. I choosed usual i invested, i lost. I had to stop losses at 0.56 (money management) now if i buy again i will at 0.5 or 0.51 Question : announcement is about redem or big announcement ? We deserve a hint no ? Specially when losing 16k 😦
大屌萌妹李达康
As a liquid bond token! Why we buy usd0++ at 1 other 0.87?
Grpprofesional
This makes me think
if early unstake by burning USUAL gets released
all the jeeters will burn a bunch of USUAL which means that the USUAL/USUAL.x ratio will change and therefore the "staking %" will increase
hmmm
Gabee
USD0++ isn't a stablecoin. Never has been. It's a liquid bond token. Please check the documentation.
Noé
Hi, USD0++ is not a stablecoin, it's a Liquid Bond Token (USD0 locked for 4 years), as per our whitepaper, docs, and website. You can check our latest # 📣ㆍannouncements about the situation.
kaiij
Answer doesn't make any sense. It's like ethena yt susde wouldn't pay out the carry yield
roccosplorer
@Noé Please explain why USD0++ is not pegged to a dollar right now. Am I mistaken it is a stable coin and not supposed to lose value?
savasadar.eth
When early unstake will be ready?
Noé
Hi, our smart contracts are available here: https://docs.usual.money/resources-and-ecosystem/smart-contracts
jim111597
hey guys, please help me find usual's rwa/collater analytic or transparency page
Le Tran
when stake $Usual on Arbitrum sir ?
xun2x
When early unstake ready ser ?
BingChilling
it's literally yt token lmao not usualx
BingChilling
nahh there is no luck
kaiij
How in God's name is fee switch income not "yield", and part of yt token.
lofi
very good luck
BingChilling
yes so ? i'm 500% my money if it back to $1 + i'm getting apy for long from funding rate ?
BingChilling
you get next next week epoch already started
Fadi
I like the Love- hate relation between investors and Usual. Investors hate the latest incidents related to USD0++ , but deep inside they know it is a good project:)
lofi
do you know you don't get protocol reward for holding perps
TheoChr
guys hello, so if i stake now , no rewards until the start of next week correct?
BingChilling
wut math is not mathing lol
lofi
lose 50% in a month and make 50% in a year
Le Tran
when stake $Usual on Arbitrum sir ?
Gabee
I’m a loser then
sueta
exactly
Lucas
If you panic, you lose.
Gabee
You panicked. That's the problem. If you're panicking, don't invest. I'm not gatekeeping you. If you're panicking, don't ruin your life, don't stress, don't invest.
Sama Do 👑
basedscarf
Guess we'll find out soon
Jayjay80
What is the planned annoucement. I sold my usual panic sell and i m waiting a big announcement to be back in Is it only about redem ?
Noé
Hi, please select your language in # 🌎ㆍlanguage-select or open a ticket in # 📩ㆍsupport-contact
Noé
# 🌎ㆍlanguage-select sir
João Carvalho
USUAL é scan, não estao deixando que eu troque as usualx por usual. Estou a horas tentando e tenho eth para a taxa de gás e não dá no site da usual no UNSTAKE não funciona
Ekosone
So hold on, going over the docs and WP, is USD0++ equivalent/similar to a T-Bill?
Noé
This will be communicated today
Stacey
gm
0xcom
When will the exit dapp be launched?
Nuwan Dimuthu
Please send me claim link
HubristicFarmer
Do we know when this week the early redemption will be live? I’m generally sympathetic to the team but I don’t really get why they removed the floor before it was ready.
Nanobro
do we snapshot start of epoch every week too?
Sammyy
when would be the starting date that USUALx holder can see USD0 in their asset wallet?
uwu
what is a price release date?
hani
I am exchanging usual for usualx, but the exchange rate has been falling? Will the exchange rate go up? When is the best time to exchange? Any reference?
Vincentporot
Are the APY shown on the Curve pools now correct? @Noé
BingChilling
vmele
Want to bet that it's opening sentence will be, "As previously announced..." as if there really is nothing new in the announcement.
SatoshiXXX
Yes agree, with all these attention from the fudder, we need to articulate the announcement as detail and as clear as possibly can
Lucas
make sure it is well written to avoid misunderstandings again, please
ravished
🔥
Sekiro
so when
Noé
Should be yes - it will give more details and a price release date
ravished
I'd rather stake and earn a safe 200+% APY as well as usd0
zakuku
all end
Lucas
yes, it is today. But we don't know the time yet.
LN123321
i though it's today
BingChilling
binance if you want to short
giugim
yeah but you're just long, need to find a place where I can short (or borrow & sell the token on a lending market) at a cheaper rate to hedge
Lucas
Its not live yet
BingChilling
thats short position pay long lmao thanks for the donation bear
LN123321
does any body recieve reward from revenue switch
Gabee
-107% It's a donation
João Carvalho
Português br, i have ETH for gás
Gabee
Fala pt? usa # 🌎ㆍlanguage-select e 🇧🇷 pf Show us what is not working @João Carvalho? Maybe you don't have enough gas (eth)
ultralisk3669
may i know the rationale behind pendle usualX YTs not being eligible for the revenue switch?
João Carvalho
it's not working
Lucas
Some people are going crazy for no reason. Usual is down, but the whole market is down. Not a good metric. If the market were going up, and just usual going down id worry.
Gabee
Yes it's working. USUALx -> USUAL is a simple swap.
João Carvalho
Unstake USUALX it's not working
Mr. Lin
the indicator would be monthly rewards ser
João Carvalho
UNSTAKE não está funcionando
Nickniu
just 0.49.to be honest,so scary
BingChilling
i use hyperliquid might as well farming the point
BingChilling
mrket is market
giugim
just give me a place to borrow the token so I can hedge, ty
Nickniu
what happened is usual price on second Market!
Lunaman
monthly
AlperenPacacioglu
Man just stop FUD.
MBP | Usual Code: Q2TC5
ah i see, and for 5M USD0 that is a total weekly rewards or monthly rewards?
ngocbeo1121
morpho liquidations were done at 0.95 so I believe unstaking fee will start at that point
Mr. Lin
Hello ser, the rewards should be directly distributed to your wallet on a weekly basis.
MBP | Usual Code: Q2TC5
i mean claim the usd0 fee rewards.
Hello sir, as revenue switch live today, how can i claim it? and it can be claimed on daily, weekly pr monthly basis?
Jordan
01/13/2025 at 07:54:00 ESTHey guys, scrap the project, was a nice try, unfortunate how things worked out, kind regards
Gabee
Pack your suitcase
Mello.eth
@NoéAre you sure that the announcement of early redemption will be made during the day today, French time?
antdel7528
See you guys next year. Too much negativity and crybabies. Diamond 💎 🙌
PECK (🚫🧢)
First time?
Madmax
From 1$ to .5🥲🥲
Noé
Hi, I don't have a specific time to share at the moment
hani
What time will the announcement be released today?
kalamu
That’s another way show most crypto GAMBLERS do need some portfolio manager instead of directly managing their own assets
Lucas | 🇧🇷 🇵🇹
The acronym itself doesn't help either. Even more so for those who don't read or look for information 😅 😂
Gabee
They don't think, they don't read, they don't check.
kalamu
How many people do not award USD0++ is a bond instead of stable coin itself
Lucas | 🇧🇷 🇵🇹
There are a lot of people out there thinking and saying that USD0++ is a stable coin and has lost its peg. FUD is widespread. Recovering this 1:1 would help a lot with my vision
savasadar.eth
@Noé
Frequency
Thanks
basedscarf
Just wait
Frequency
Guys, I exchanged the usual for usualx, do I need to do something else to receive the rewards apy or just wait?
Mr. Lin
no ser, you must hold usualx directly to be eligible for that.
0x1tuan.eth
i hold yt-usualx do i get rewards from monthly profits
Grpprofesional
I explained that above fam. check the reply I gave to @Penquin about 40 minutes ago
0x1tuan.eth
Is there any way I can avoid this 10% fee?
Mateus Ball
Ofc
VaeVictis
100% IMO
ngocbeo1121
is cheaper $usual make it cheaper to redeem $usd0++ as well?
Ekosone
Think it's France
Grpprofesional
Best results generally coming from balmy or llamaswap CoW still my fav bc it's MEV protected so if you're a rich kid with 100k tx, use MEV blocker at the very least
Vincentporot
Where is the company behind Usual protocol registered? Can someone share details?
0x1tuan.eth
Fu dapp
Grpprofesional
Yes ofc, just making a hypothetical scenario on my head to wrap it up consistently.
AlperenPacacioglu
Guys load up your usual now btc bottom soon. We will have a very nice retrace. Let's sent this to billions
BingChilling
yes but this is projected can go up/down
Grpprofesional
So e.g. Your 6.15k will be paid in weekly proportional 7/31 installments something like 1.54k per week you'll get?
Penquin
thanks
Klinta
Damn ball$r you’r nickname don’t lie
Grpprofesional
If you want to unstake your USUAL.x to receive USUAL tokens, the native unstaking fee would charge you a 10% of the total USUAL held inside of those USUAL.x if there is a better exchange rate in the open markets, like any DEX the dapp will reroute the tx so you get that better price rather than unstaking the tokens and hitting you with that 10% fee
Grpprofesional
What restrictions does the function has? As in ownable is assumed to be but what other restrictions specific to that function are in the contract?
Grpprofesional
Wait monthly reward but weekly? Does this means that they will pay 7/31 of the displayed monthly rev share per week?
BingChilling
Yess. If you not held during epoch u gonna miss your monthly reward. You get the point.
tommyshelbers
epoches are weekly as well?
BingChilling
Monthly revenue but distributed weekly.
tommyshelbers
why is UI showing monthly even though its changed to weekly?
foxandwildgoose
I am one of usualx holders. But it's hard to see people calling usual deceiving and sxxm in Korean telegram community. I hope the team actively engage with communication and rebuild reputation. I think reputation is huge in this business.
SwEePer
thanks bro
Grpprofesional
I think the only easy way is to derive it from the total minted of bot USUAL and USUAL.x and the value of one respective to the other. if you know how many USUAL per USUAL.x when staked you can derive the percentage staked if you have the total supply of them both coingecko stats show USUAL.x TS: 171,277,514 USUAL TS: 545,862,629 USUAL/USUAL.x : 1.1959
LN123321
can we claim revenue switch reward now ?
Lucas
The whole market is going crazy LOL
Jayjay80
But this one every body knows whatbis the point annoucing it, people knew aince friday no ?
Noé
Details about it will be released today, along with other informations
Mello.eth
@NoéEarly redemption announcement is today?
Gabee
It's a surprise
Jayjay80
Wich annoucement?
JonoVDM
Thank you!
Noé
Next announcement is today sir
SwEePer
in the apps only TVL
JonoVDM
Hey @Noé 🙂 Would you please you share if the next announcement will be today or tomorrow? Early next week would imply mon/tues and the waiting is killing me 😅
Grpprofesional
Ooohh in the dapp
SwEePer
I mean, how to see USUALx total lock overall
Grpprofesional
Debank or rabby wallet will show you exactly how many USUAL there are inside of your USUAL.x
SwEePer
@noe how to see how much USUALx total Lock? thanks
Jappix
And do you realize that you're paying for something you already had?
cesarpc1
Because you should have studied the project, brother, you don't know how to invest, you think you can just throw money at this and leave it
Um Maromba Na Bolsa
ok
cesarpc1
There are some people out there who really hate Usual, what was that, guys, I'm starting to get worried
Noé
Fee switch activated at UTC+0, just like announced previously
nuttcrackerjack
Did it just activate ???
unknown l
you know the fee switch is paid in USD0 right? With about an 80% APY to start
Noé
Fee switch is activated - announce with more details to come
Um Maromba Na Bolsa
Announcaments Today? Fee Switch or Not ?'
Noé
just like he said
Noé
This is planned
olaff6283
activation of revenue switch is ultra bullish news why you don't announce that on twitter ?
Gabee
# 🌎ㆍlanguage-select -> use the 🇫🇷 channel in french, thank you There are some messages sent in other languages, but why is it always the french speakers?
Noé
Price talks are done in # 🧐ㆍspeculation
Noé
# 🤖ㆍtroubleshooting sir
Massimo
Bonjour, J’aurais aimé savoir mes usual X que j’ai mis depuis une semaine minimum pourquoi je vois que ça rapporte toujours rien ?
Welington e Yasmin
Just buy back your usual ones and wait, look at Uniswap how the market in recent weeks, even in correction, injected significant amounts into the project in yield pools, we in the community who have larger amounts allocated have to be cool-headed to maintain the price to attract more small investors from the market
People, don't be afraid, don't make your impermanent loss, this will only make the situation worse in the correction and scare away new investors, especially in Uniswap. Let's control our emotions, especially now that BTC is starting to lose dominance and the bull is just beginning, Altseason hasn't even started yet.
Vincentporot
What about the Morpho pool rewards? @Noé
Noé
Yes, that is planned
Noé
UTC+0 afaik
Noé
Team and investors have USUAL*, not USUALx. This token has no right over the Revenue at the moment, only USUALx does.
Noé
Looking into it
basedscarf
The team and investors hold usual* and not usualx afaik
Vincentporot
Any update @Noé
hahahahahah
What is the team's share in the dao? If the income is included in the dao, does it mean that most of it is actually taken away by the team?
tommyshelbers
any specific utc timing for snapshot
Mr. Lin
Every FUD and accusation was replied directly, and w/ regards to the etherscan, we had several similar transactions over the past 24 hrs or so and we have already explained the reason was to avoid bad debt on Morpho.
olaff6283
Nop dear
Mr. Lin
We are prioritizing on announcing revenue switch and early redemption details.
JoeJoe
it had maked
basedscarf
The data on etherscan isnt fake. Just the warped reality of some people reporting about these issues on twitter. I am sure team will follow up with a statement on how the bad debt on the old morpho market was handled
olaff6283
It's an important milestone, why not made an announcement/statement on Twitter ?
Jappix
It seems to me that the Team too often hides behind statements like: "there was a misunderstanding," "it was a communication error," "there was a temporary User Interface issue," etc. Now they’re even claiming that the data on Etherscan is fake... This place is full of people deluding themselves. Moreover, no percentage of profit makes sense if it’s paid in a token that keeps losing value. 200% of nothing is still nothing. And if someone invests in nothing just to redeem the USD0++ they hold, then they’re in a really bad spot. Apologies for the bluntness, but that’s what I think. And it might be useful to you, if you’re honest.
Noé
The team can't redeem at parity: the protocol can. Usual has upheld its commitments and ensured that there is no bad debt for lenders on USDC markets, thereby avoiding any contamination. The details will be published, and the revenues will be reallocated to the DAO for USUALx.
La_Distinction
I'm asking why only the team can redeem at parity. isn't it too arbitrary.
KBG89
Can I redeem at parity?
Noé
all proceeds will go back to stakers
We redeemed at parity after liquidating positions on Morpho to avoid bad debt
Noé
The latest one
La_Distinction
sir, which announcement? "Listening and Answering" doesn't explain anything
KBG89
In team?
icarioth
There is any ideas and plans how to increase usd0 tvl in team ?
Noé
Yes, the weekly epoch started
antdel7528
Is fee switch live?
BingChilling
old news bro just back from cave lol
Noé
No
antdel7528
Man still so much FUD!
Vincentporot
A bug that lasted for days, that made investors make investment decisions, its a very critical bug if that's the case, it's misleading investors and providing false financial information
Noé
See # 📣ㆍannouncements
Noé
This is false
KBG89
Classic lol
La_Distinction
https://x.com/BrutalTrade/status/1878412636317966676 only the team can always swap USD0++ for USD0 at a 1:1 rate?
VaeVictis
the previous high apy - was bug on ux/ui
Vincentporot
Thank you, please don't forget. I'm also waiting for comment on the Morpho rewards situation. @Noé
Noé
APY isn't controlled by the team. I'm checking right now what could've caused this decrease.
Um Maromba Na Bolsa
Will there be the news of the Switch fee today? or there will be no news, for us to understand about the Fee switch' from USUAL
Noé
There is no material change, check the whitepaper.
Vincentporot
this pool: https://app.morpho.org/market?id=0xa59b6c3c6d1df322195bfb48ddcdcca1a4c0890540e8ee75815765096c1e8971&network=mainnet is not generating any Usual rewards for over 40 hours. Is anyone else having this issue?
NovaByte
ok and vice versa for usual x ok thx 😉
chillout
180 days of apr or apy?
Um Maromba Na Bolsa
Do you know if today there will be news of the Fee Switch ?'
Noé
It's locked into USUALx
NovaByte
what happens to USUAL after conversion to USUAL x ? is it burned, locked or reinjected into the circularing supply... thx
Um Maromba Na Bolsa
Do you know if today there will be news of the Fee Switch ?'
Noé
# 🌎ㆍlanguage-select
infinity91/ EremiticGang
Buongiorno vorrei convertire Usd0 in usd 0++ quando verrà distrutto però ai possessori di usualx? Non era oggi la distribuzione del revenue?
Noé
Hi, as I said, I can't simulate it for you in advance. Please wait for the feature to be live.
Vincentporot
@Noé e please address this issue
ananasbrb
When does this go live? Ie when will we be able to give back Usual to exit USDO++?
rockkeats
@NoéI directly exchanged pe usd0++ with usdt, I did not hold it and dug up the usual, if you know what I should do if I quit, please tell me how much I will lose
Lunaman
there is no bad marketing sir
Noé
180 days is the maximum fee, not necessarily the actual one, if you want to Early Redeem. Also, the market rate isn't -13%.
dΞrkfingah | SBC
7% on the open market.
Noé
Minimum is zero, maximum is 6 months of rewards at the rate when simulating. Depends on weekly outflows, current rate, time before maturity etc. You'll soon be able to simulate it, live.
xxxx
@NoéI don’t understand the formula. How much is the penalty for quitting?
Noé
It could, since the maximum is 6 months at the rate whens simulating
Noé
Well it depends on if you hold until maturity (and have 1:1) or not, and, the secondary market rate, with the Early Redemption fee
sandt
When is the first vesting date for whales in January?
rockkeats
I know, but I'm not getting the usual gain, I'm buying pt, and I want to know how much of a loss I'm going to get out of it
nuttcrackerjack
Is there any plans to battle these fud galore lord's on twitter ? I expect the team has a healthy and weahtly funds to shine light on project. Time to use it?
Noé
You'll be able to simulate the Early Redemption fee, live, early this week
rockkeats
It doesn't have the answers I'm looking for
Noé
Hi, please check our recent # 📣ㆍannouncements
Noé
check: https://discord.com/channels/1106588534871179280/1107144153076347022/1328282504339394581
Noé
More details are to come
rockkeats
@Noépendle promotes usd0++ as a stablecoin, I bought pt, and now ++ is lower than 1, how much do I lose if I quit?
SwEePer
Okay Bro😆
nuttcrackerjack
Do I understand right, fee switch is today ?
Vincentporot
Any update on the Morpho pool rewards? @Noé
Will
According to the burn formula in the whitepaper, the redemption volume of USD0++ in the past week was significant, so parameter A is likely equal to 1, meaning a burn fee equivalent to 180 days would need to be paid.
Noé
For now, there's no option to auto convert your USD0 rewards into USUAL or USUALx - but it's a feature we keep in mind for later!
Dooku
When revenue switch is on, will there be an option to receive USD0 rewards in USUAL too?
SwEePer
Okay Sir, Thank you
Noé
It will count for USD0 rewards, starting from this week, but there is no retroactive rewards on that
SwEePer
I mean 20 days ago I already staked USUALx. Does this not count or will it accumulate next week?
alishahab
are the detail of early redemption is already clear? @Noé
xxxx
@NoéI don’t understand the formula. How much is the penalty for quitting?
Noé
Early this week
fredchan17999
It will count from this week, we should buy more USUAL 🤣
alishahab
when the early redemption for usd0++ start?
Noé
Hi, the maturity date for all USD0++ is the same: mid-2028.
Noé
No sir, only starting from this week!
SwEePer
Oh, I misinterpreted it, I thought today the distribution of USD0 revenue. Will my staking results from 20 days ago be counted?
Will
@Noé If redeemed early, can users actively choose different maturity dates, and does the burn ratio vary depending on the selected maturity date?
Investus
Ok thanks for update, big boss 😁
Noé
See: https://discord.com/channels/1106588534871179280/1107144153076347022/1328288745954480139
Investus
@Noé @Mava (AI Support) Are rewards already distributed?
Mello.eth
@Noé Can I understand that the amount of repayment to usual is calculated based on the currency standard obtained from mining, rather than based on the USD0++ gold standard held by me?
dv
Ok thanks for the opinion! Yea i saw this post, i think he's off because he forgets the optionality to redeem. Also wanna make sure, if the price of USD0++ stays < 1 there will be 0 new mints isn't it ? Since i can buy on secondary market for much cheaper. Isn't it in usual's interest to repeg this ASAP so they can get more cashflow ? That's what i don't really understand. I think the team's intention is for USD0++ to mostly trade around USD0 (without guarantee) but if that's the case why no comms
Noé
Today is the activation: the weekly epoch starts. Then, at the end of the week (Sunday or Monday, details to come), the distribution will be done to stakers that followed the rules.
SwEePer
@Noé I have been staking USUAL since December 19th, my question is, Activation on January 13th is just activation? not revenue distribution? when the revenue will distribute?
dΞrkfingah | SBC
Refresh, I'm getting 63% "APY" (49% APR)
Noé
Gm, depends on the weekly outflows, time before maturity, current rewards etc. You'll soon be able to simulate it on the dApp directly. Ranges from zero to 180 days of rewards.
Noé
Gm, not a bug
kata
True usd0 and usual combine
123。
I made an announcement to enter 1 million usd0++How much should I burn?
Ramith
Noé
It's difficult for me to comment on this, obviously. But my personal opinion is that USD0++'s fair value should be closer to 1 than to its Floor, because it yields more than the "risk-free rate" of its Floor increasing over time. This is only a personal opinion since you asked for one - but not an indicator of the team's opinion, desire or objective. Some food for thoughts: /status/1878046323586314702">https://x.com/jalah_/status/1878046323586314702
xxxx
Is the burning mechanism to deduct the 180-day reward or the accumulated reward?
e0x
up
Noé
Treasury:
Noé
Yes, the formula that will be used is the same as the one described in the whitepaper.
Noé
As far as my understanding goes, it shouldn't be. There is no paramater, afaik, about "the percentage of your holdings you want to redeem".
Quboid
Thank you and is there a way to see it on the smart contract meaning can I verify that the collateral is actually there?
Noé
It's automatic sir
불장바라기
But to know the accumulated rewards you should look at historical balance
dv
@Noé Quick question I'm curious on how the usual team sees USD0++/USD0 "peg". Do they see USD0++ as something that should trade close to parity with USD0 and if so how close. or just anywhere just above floor price ? In the whitepaper USD0++ is presented as an LST and doesn't guarantee a peg indeed. However you can sort of strenghten/weaken the peg through the target outflow rate. If it's set very high then the peg should be fairly strong. Wondering if the team sees USD0++ price more varying between $0.99-$1 or say for example $0.9-$1 under normal circumstances - in the first year -.
불장바라기
I saw the formula in the whitepaper. It says the amount you should pay in usual is related to this one. 1. amount of Usuaul you get currently for USD0++ 2. current net outflow / ideal net outflow Are you going to use this formula same? I mean the maximum usual penalty is 180days * current usual/usd0++ minting rate @Noé
KBG89
Wait is there a 1:1 redeem happening?
shenmiren5970
Will the penalty be different if I have 10,000 USD0++ in my wallet and I choose to redeem 1,000 USD0++ or if I only have 1,000 USD0++ in my wallet and I choose to redeem 1,000 USD0++?
Quboid
Is the collateral of USD0 automatically directed to USCY when someone mints USD0 or is it done manually?
Noé
If you have strictly the same amount of USD0++ in your wallet that you want to Early Redeem, at exactly the same time (same outflows/time before maturity etc.), the simulation should be the same.
KBG89
I'm Smucklers is the issue I really don't mind another brand of jelly. Lmk fam
$tashing
What are you waiting for?
大屌萌妹李达康
so for different wallet ,the usual burn rate is same?
SwissQuant
Today
Noé
We don't need your historical balance to calculate anything
Noé
Nothing is taking long. We've said early this week, could be today or not.
大屌萌妹李达康
but if i transfer usd0++ to other wallet ,How to dete?rmine my burn factor and what if I buy from secondary market for usd0++
$tashing
Will double check?? What's taking so long
Noé
# 🧐ㆍspeculation
ponchomaz
wen eth 4000?
Noé
Early this week, could be today or not, will double check
shenmiren5970
Will the details of early release of pledge be released today?
Blo Finc
👍
Noé
Yes, depends on wallet-specific stuff
Noé
Early this week
大屌萌妹李达康
SIR, when will usual burn for USD0++ open?
Noé
We've said early this week - could be today or not, will double check
shenmiren5970
Will the details of early release of pledge be released today?
Blo Finc
You mean different penalty for different people at the same time? Depends on the rewards accumulated by a wallet?
kimchi
I thought it was going to be announced on Monday, but could it be delayed past Monday?
oldjonexx
not today?
epvj12221
need a quick action
Noé
Sunday/Monday yes, something like that
Noé
It changes dynamically, mostly depending on outflows, time before maturity and current rewards
Davinor
@Noé revenue switch rewards: Weekly distribution will be on Sunday for USD0 rewards?
Blo Finc
@Noé will the usual token penalty remain same for whole week or will it change dynamically within the same week?
Noé
This week
kimchi
when 1:1 redeem plan?
Noé
I'm checking
Vincentporot
Is there an issue with the rewards on the morpho pools? @Noé
Jayjay80
Okok!
Jak
I still believe in this proj. Dont mind those people who thinks short term.
Noé
Hi, could you guys please redirect price talks to # 🧐ㆍspeculation - let's keep this channel open for discussions about the protocol itself
fredchan17999
They can't bro, they have no rights to manipulate the market, just left the market as it is. Time in the market is always better in the market on time.
Jak
Everyone is panicking why? 😂
Jayjay80
They should put back pre-market conditions no more 40k, no shorts/llong….healthy business
AlperenPacacioglu
Thanks man you understand it. This chat is getting our of control. Only fud.
fredchan17999
Yep, I got the situation, but it’s not just about understanding — it’s about believing in the project’s long-term growth. Even BTC, SOL got fuds, XRP got sued, yet they pushed through. As long as the team stays active and works hard, we can believe in a bright future. 😄
AlperenPacacioglu
Please stop the fud. Man you are all crying
noname
What is happening ser ?
Noé
# 🧐ㆍspeculation sir
Maliccc
Usual on the mission to hit 0.01 🚀
SwEePer
This is not a matter of people not understanding, you should look at the news, many crypto experts are criticizing USUAL's recent policy
fredchan17999
Many ppl got panic about what they don't understand and have trust but still put their money in. Isn't it funny? 😂 you should pay your attention to your money sir
Vilax
When we get drop?
SwEePer
All this time you have been laughing at people who have lost, I have always paid attention to you
fredchan17999
ah okey, I'm so chill rn but if that thought makes you happy, just keep it 😂
SwEePer
you laugh but inside you are panicking😂
fredchan17999
I'm not in panic LOL 😂 I just tell the fact of crypto volatility market, not only about USUAL. I'm still here growing with the project bro
SwissQuant
You mean that you need to show that you have 100k$ or that the minimum to redeem is 100k$?
nickyyyy7228
lets say i staked 1000usualx before epoch start, if I staked extra 100 usual into usualx now(since the epoch has alrady began 8 hours), will I get same usd0 revenue distribution as 1000 usualx, or more than 1000 usualx? @Noé
SwEePer
You've been the team's dog all this time, why are you panicking now?
fredchan17999
USUAL team doesn't have any action on the market, the market is what it should be: volatility
fabwa.
can only be done with 100k+ and it has a fee iirc
GHprocure
Please what's the usual team doing to this market? The lose is getting more than usual...
SwissQuant
I think you can only redeem USYC with USD0. But you need to KYC / KYB with Hashnote. Anyone went through the process?
tristan
ok thanks !
Zak
the amount that shows is the total you'll get every month you will receive a part of this amount each week
The Faceless Shepherd
Can USD0 be redeemed 1:1 with USDC?
David B
It's been 40 hours. Why not fix the lp pool reward on morpho? Please fix it quickly.
kelnel
well yes, but that TVL was not destined to be placed in a .87 4y bond in the first place. The TVL wants out because the current product is not the product they thought they were buying (even if it was in the docs). So that high TVL number is illegitimate anyways and shouldnt be as high as it is at the moment. It should be much lower. It should be at the number that buying a 4y bond would have attracted in the first place. If that number is 200M istead of 1.3B then it should be at 200M and its legitimate that the rest of the TVL wants out.
fabwa.
You really think 100m+ funds would come down here and be vocal about their legal actions?
Jake Tee
Think the protocol will still function as normal, USUAL holders will get the fee and revenue share, and so far none of the investors are vocal about sueing USUAL until we see any
cliff9077
Instead of they buying 4 year bond, they just have to buy a bond etf ranging from short-mid-long, make that etf as rwa 🤣🤣 issue a stable coin
Jake Tee
Totally agree with this, but like I said, it will probably cause a domino effect, as majority of people holding USD0++ are not acknowledged about the fact that it's not a stablecoin. So let's say, they allow people to redeem back 1:1, TVL goes from 1.8bil -> 800millions, others in the protocal, even though does not want to redeem initially, will immediately consider redemption as well and that will drain the TVL
fabwa.
Main concern for people probably now should be that this project will be stuck in legal battles for a long time leaving token holders in limbo. With this sort of TVL you always have institutionals that don't mess around when it comes to defending their rights so they won't leave a stone unturned. Good luck everyone
glennbech
I missed the memmo, People are pissed becuase they traded USD0 -> USD0++ 1:1 and now the value is 0.87 (Floor) ? Sorry for askin, but the conversaton is moving so fast here...
Jake Tee
Same for me, but considering 2 options, I think they do care about the long term of the protocol, (and also price of USUAL). otherwise if they keep it that way, protocol will die if price of USUAL drops to low to justify staking USD0. Not sure what to take of it, Im hurt a lot from my long above (before they announced a series A 10m investment from a lot of prominent foes in the space)
LukeOnChain
I don't know. I sold my usual to cover the loss of my Pendle PT bag. Selling usual is currently the best way to cover the losses
Jake Tee
Because it will cause bank run and if they keep it that way, USUAL will continue to be dumped onto market
LukeOnChain
Yeah. They basically took the 4 year revenue in advance from us degens. I had no problem if usd0++ were pegged to 0.87 from the beginning. Revenue goes to usual treasury and everyone can always redeem for 0.87. I had long term plans to be a part of usual but I lost the trust.
Jayjay80
Seems usual team is gone ! 😦
Jake Tee
Ngl a bunch of stuff is illegal in crypto, or manipulated, even in traditional tech industry. Tbf, you can look at this way, if they cause a bankrun, there's chance you will lose your money 100% (similar to a traditional bank run). And that's even worse. So doing this way, assuming the protocal does not blow up or whatsoever, you can get the mnoney back in 4-6 months
kelnel
I mean it's 1.3 Billion dollars locked in USD0++. People not gonna just stand there and do nothing.
kelnel
you are correct that 2nd option much better for them, but Im not sure very legal. I am no lawyer and I know some in the team like to make fun of this ("smort lawyer"), but I will take my chances. If there is no exit door proposed for those trapped (and buying 6 month worth of farm is not a legitimate exit door), I will be joining the class action that is being considered at the moment. "Smort" or not
youdi
Hedge your position guys. More dumping coming !!!!!!
Jake Tee
That depends on how you would look at it in the long term, 100% this will hurt the trust of part of the community. So among 2 options: 1. Announce changes -> causes bankrun, people withdrawing all the USD++ and exit the system -> causing more panic, even if trust is still there, they already lose a bunch of TVL 2. They change immediately, sacrifice some trust, but expect to keep people staking their USD0 so they can generate revenues using those TVL -> reward back to USUAL stakers -> over time, hopefully system more stable and new comers will come So it's weighing like 7/3 or 6/4, both have risks but 2nd option is best for them imo
cliff9077
Should like fed tells everybody before whether they will publish at specific day about ratio change🤣 team afraid others front run, so team front run us
esco
There’s also early redemption 1:1. Waiting 4 years is not necessary. The underlying bonds are max 4 months to maturity
Jake Tee
Just my 2 cents from a thread posted above: 1. They did that initially to attract TVL, even though they're not specifically imply it's always 1:1 (they also had disclaimer), but since it has "USD" in the name, most degens and people imply it's a stablecoin that has to be pegged, but it's a bond 2. They probably acknowledge the down turn of the price of USUAL due to farmers, so they changed suddenly to trap them, so they either have to stay longer with protocal (4-years for maturity), or pay penalty in USUAL to exit -> basically pay back the farming tokens
LukeOnChain
Who can answer: why was USD0++ sold at $1 then? I havnt seen an anser to that. why was it sold at $1 for month, but also a few days before it would be changed to a $0.87 product? And also, it did have a peg. Even if they say it wasnt supposed to be pegged, in the facts it was pegged to 1. Then suddenly changed It should have just been sold at it's fair value, and people who'd wanted to buy a bond at 4% could have bought it at fair value and no problem.
Zugor
Should I unstake n sell now? WTH
043815
#ena current price is the price that should be in line with #usual
rostiklapbdo
Hey, i had 755 pending rew yestertday, now have 722.hold YT USDO++, how is it possible?
043815
Always hope, but we all is colonies ready to be harvested
Louis987
Most of the coins have no use.
seraphim
Going to zero. AMF complains will be starting to be submitted this week
043815
See, if other coin is try to recovery, usual always stuck on lower price hihihihi never going to recovery the price like other coin
seraphim
You will be smart to sell Usual. Going to zero 🤣
seraphim
Because the team wants 13% for them. Misleading…but Usual now will go to zero and USD0++ will get the peg again
AlperenPacacioglu
Exactly
Dereal
Whole market is red. Idk why everyone is crying usual only. Have some positivity guys! Cheer for your bags not jeer. Negativity will only drive new players away. Have faith we will recover!
Kaz
lmaoo
AlperenPacacioglu
0.4 is the max dip price. So buy the dips!
Usual will reach billions anyway. Instead of longing buy the token itself and stake it.
Kaz
but usual’s move is very unusual
AlperenPacacioglu
I will definitely buy more down
xtreme11
Whole market is dumping
JACH
A few hours ago I entered with a long position. After a while I achieved +20%, but I thought It would continue raising and decided to hold, I did not place any SL and now I am at -40%. I hope it doesn't go below $0.55.
Louis987
Easy money does not exist, once again we have been shown this.
Kaz
no recovery for the coin? it’s been 50% down
jonte82
Does anyone know if the team is still performing liquidations on Morpho? I'm still stuck in a position in pt-26jun2025 and bleeding interest 😦
alishahab
when the early redemption will be livev
zo
wen fix?
043815
Here we gooo, goo down 🤣
ariosfajar
01/13/2025 at 01:28:02 ESTrEaD tHe dOC bEfORe u DeCiDeD BuY sOmeThiNg
Nisan
Read the doc before u decided to buy something, be smart people
bongoking1853
Will there be a rebound or we abandon ship
Any proce prediction for usual
Nisan
Normies be like
ariosfajar
01/13/2025 at 01:21:13 ESTim rekt from this project, team dispointed community F
JACH
Maybe tomorrow u will find one better
Camel
https://x.com/pscltllrd/status/1878200678729883877 - this is what happened. If you were degen'ing, it is unfortunate and you have my sympathies. GG and thanks for playing
老根韭菜
Who can answer: why was USD0++ sold at $1 then? I havnt seen an anser to that. why was it sold at $1 for month, but also a few days before it would be changed to a $0.87 product? And also, it did have a peg. Even if they say it wasnt supposed to be pegged, in the facts it was pegged to 1. Then suddenly changed It should have just been sold at it's fair value, and people who'd wanted to buy a bond at 4% could have bought it at fair value and no problem.
David B
It's been 36 hours. Why not fix the lp pool reward on morpho? Please fix it quickly.
TommyW
should i stop loss? i bought USD0++ at 1$
fredchan17999
Broooo 🤣
Zugor
Then I made a mistake again 😭
Profeh
does PT has participation on revenue switch?
kelnel
In my opinion its not "a good mechanism to protect the project", it was "a trick to attract liquidity that will serve to bootstrap the project and pay for it's runway". Liquidity that would never have been there in the first place if they'd knew it would happen like that. Now project is happy because it has all this ginormous TVL producing return for it, but a big part of this TVL doesnt want to be in this and feels trapped. I totally understand (and feel myself) the anger surrounding all of this.
fredchan17999
I'm not the team to have smt called "proper answer" for you. But in my opinion, it's fair and reasonable. USD0++ can be sold between 0.87$ and 1$ (up to the market) and increase overtime until maturity date. Eventually, people actually won't lost anything but receive more and more profit from that. As I said, it's just a good mechanism to protect the project from ppl who wants to leverage it to make easy money in short-term. I totally agree with that. Btw, how it calculated was already described in the doc: https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-floor-price#mechanics-and-implementation
nubitol
is there official video for staking usual to get usualX ?