#
๐ฌใgeneral
Join the general discussion about Usual. Exchange ideas, ask questions, and share your thoughts on the underlying technology, use cases, market trends, and more. No price talks here!Page 1 of 3
joaan17
I don't understand how people don't study the projects well before investing in them, there are wallpapers for that, if you are so worried why did you decide to invest here, if you already knew the short term exit consequences? It is incomprehensible
Zezzy
It could be Liquidity deep, fee, slippage that affects your displayed rewards
Yt:Anteiku980
Okay now I'm back to 2650, depending on what rates they charge I'll have more or less.
Yt:Anteiku980
Depending on the time of day, can the rates change?
Noรฉ
So the rate can change
Noe why this morning I had 2700 now 2644 and then after a few hours I go back to 2700 and so on?
@NoรฉNoรฉ
Youโre getting routed through the secondary sir
The Southerner
Thank you ๐, together we are bigger than Jim Simons
Usual me stakes UsualX and rewards USD0 monthly. I still get Usual, right? If you receive Usual, it will automatically be staked, right? So shouldn't I also be receiving UsualX in this proportion in my Wallet?
Mava (AI Support)
When you stake USUAL into USUALx, you receive two types of rewards: one in USUAL, which is auto-compounded into USUALx, and another in USD0 through the revenue-switch. The USUAL rewards are automatically converted into USUALx, which acts as a vault share. Therefore, you should see an increase in your USUALx holdings in your wallet as these rewards are compounded.
Mava AI BetaNovatioLegis
Usual me stakes UsualX and rewards USD0 monthly. I still get Usual, right? If you receive Usual, it will automatically be staked, right? So shouldn't I also be receiving UsualX in this proportion in my Wallet?
Gunner funk
Get a room you both
I checked the trading Data regularly, I found that they are buying huge amount,than when the purchase amount decrease they sell a part of the huge amount purchased and create a panic selling
Einzig
# ๐งใspeculation
Loffay
can't talk about the usual or price or charts here?
The Southerner
I checked the trading Data regularly, I found that they are buying huge amount,than when the purchase amount decrease they sell a part of the huge amount purchased and create a panic selling
Loffay
I just asked a question lol
Oxi
Einzig
why delete this boy's chat, he is quite cute lmao
Einzig
well, at least, now it seems only ur money burning in the hell๐ฅ
antdel7528
Jesus people are still here crying and FUDing. Get over it already
fredchan17999
U can just keep it staked to get more profits ๐ค why not? Why early redemption?
Mava (AI Support)
The early redemption mechanism for USD0++ allows you to redeem at a guaranteed 1:1 rate before maturity by sacrificing an amount of USUAL, with a minimum of 0 and a maximum of 6 months of rewards. This mechanism is designed to maintain stability and predictability within the protocol.
Mava AI BetaEinzig
U just want to exit in a cheaper cost and not really care about USUAL's long-term development
the redeem mechanism must be cheaper, now is more expensive than selling to the market, give the people the chance to redeem buying 5-6% of USUAL then you will create a true buying pressure for the token.Einzig
then what? buy USUAL for a short time and lost all protocol TVL?
usuallyBASED
the redeem mechanism must be cheaper, now is more expensive than selling to the market, give the people the chance to redeem buying 5-6% of USUAL then you will create a true buying pressure for the token.
Of course, excuse me,but during the early morning until afternoon,it is FUD time, it is like a group working together
famousfxck
Pretty sure even CBB is fudding now but buying secretly
@Noรฉ Do you think the entire market is rising except for USUAL because there are people or lobbies that are not interested in this project growing (although it will) since their investments and profits are at risk?Noรฉ
# ๐งใspeculation sir
HanselR
@Noรฉ Do you think the entire market is rising except for USUAL because there are people or lobbies that are not interested in this project growing (although it will) since their investments and profits are at risk?
The Southerner
Of course, excuse me,but during the early morning until afternoon,it is FUD time, it is like a group working together
MrBoss | CLONE
What happened to the from we filled?
eazyesphat
u're useless then
eazyesphat
for how long @Mava (AI Support)
eazyesphat
will u continue incentivising curve pool ?
Gabee
Binance has high fees. Use another exchange like coinbase or kraken. Buy ETH, swap to USUALx directly. You don't need to buy USUAL (to swap to USUALx after that)
The Southerner
Dear all brother,be agressive like they are agressive with their lying machine
No I correct it but it still bed, means the usual is really in the bed he just not woken up yet
DingoApe
Good answer from the bot
For the "Pending Rewards" on USD0++, how specifically does that work ? Do all my 'pending rewards' unlock at the same time after the seven days ? Or is it more like a rolling pending, where each daily distribution has to chill out for seven days before becoming claimable ?Mava (AI Support)
The 'Pending Rewards' for USD0++ work on a rolling basis. Each daily distribution of rewards enters a 7-day cooldown period before becoming claimable. This means that each day's rewards will unlock individually after their respective 7-day period.
Mava AI Beta
DingoApe
For the "Pending Rewards" on USD0++, how specifically does that work ? Do all my 'pending rewards' unlock at the same time after the seven days ? Or is it more like a rolling pending, where each daily distribution has to chill out for seven days before becoming claimable ?
fredchan17999
๐๐๐๐ go to bed
first place
"get so bed" ๐คฃ
fredchan17999
Great hope u will see you getting deserved profits
Dear all brother, while you are wasting your time, spend 5 minutes to defend your investment in the square.people are eating your ๐ in the BBQ of the square, post comments and show the truth, be strong, defend your hard earned money, don't stay looking to them.If you stake USUALX, check debank for compounded USUAL reward, and check Earn page on dapp to see USD0 rev switch reward
There were so many discussions on this you better search the channel or read the docs and announcements urself
ZirDeli
OK right now I will do that thanks
The Southerner
Dear all brother, while you are wasting your time, spend 5 minutes to defend your investment in the square.people are eating your ๐ in the BBQ of the square, post comments and show the truth, be strong, defend your hard earned money, don't stay looking to them.
ZirDeli
Waiting no problem I'll with project 4 year's but sometimes make confused
But I don't get anything yet even shows little little going down, there is something to do? From January 2 I'm doing stake usualxfredchan17999
If you stake USUALX, check debank for compounded USUAL reward, and check Earn page on dapp to see USD0 rev switch reward There were so many discussions on this you better search the channel or read the docs and announcements urself
Z33
@Adli @Noรฉ feature request: an option to automatically stake USUAL rewards to USUALx
But I don't get anything yet even shows little little going down, there is something to do? From January 2 I'm doing stake usualxGabee
It's not everyday you need to wait
ZirDeli
But I don't get anything yet even shows little little going down, there is something to do? From January 2 I'm doing stake usualx
Thank you for the response. Can the team commit to there being at least a multi-day comment period before making a change like that ?Noรฉ
As far as my understanding goes, we are not planning to change this parameter without announcing it before or letting the whole DAO vote on it. The only exception I would see is if someone finds something exploitable in the Early Redemption process: we could increase that parameter as a temporary measure.
Gabee
lol
Crypto is born to fail
USD0-- to 2$
Guys I don't get it nothing about revenue switch released already or not yet? ฤฐf not yet when it will be? Please helpGabee
Yes since Monday Ser
Guys I don't get it nothing about revenue switch released already or not yet? ฤฐf not yet when it will be? Please helpMava (AI Support)
The Revenue Switch is set to activate on January 13th at midnight UTC+0. Revenue tracking will begin one day after activation, and 100% of monthly protocol revenue will be distributed directly to USUALx stakers.
Mava AI BetaZirDeli
Guys I don't get it nothing about revenue switch released already or not yet? ฤฐf not yet when it will be? Please help
Yeah, I'll exit after March haha, will just roll my PT from Jan 30 to Mar 27.
So just one more question (thanks @BingChilling @DingoApe), appreciate you folks.
So lets day these factors come in:
- tvl increases
- redemptions slow down
There's a possibility that usd0++ will increase in price because of the increase in TVL, and due to slowodnw in redemptions, the amount of USUAL to redeem 1:1 will decrease accordingly right? Understand it's up to a max of 6 mths
BingChilling
Yes there will be new pool to improve 2nd market. So it will profitable to exit in 2nd market floor
This is a variable that the DAO can indeed change; note that it's not discussed or planned as far as I knowDingoApe
Thank you for the response. Can the team commit to there being at least a multi-day comment period before making a change like that ?
Yeah, I'll exit after March haha, will just roll my PT from Jan 30 to Mar 27.
So just one more question (thanks @BingChilling @DingoApe), appreciate you folks.
So lets day these factors come in:
- tvl increases
- redemptions slow down
There's a possibility that usd0++ will increase in price because of the increase in TVL, and due to slowodnw in redemptions, the amount of USUAL to redeem 1:1 will decrease accordingly right? Understand it's up to a max of 6 mthsDingoApe
As for the market price of USD0++, right now it's probably fairly static. For the forseeable future the market price of USD0++ is going to be tied to the yield (in USUAL) from holding it, which is a function of emission rate and USUAL price. If the yield goes *up*, then the market price of USD0++ will go down (because it's more expensive to do the redemption) and vice versa.
My concern is if that 180 days might just suddenly get changed to 360 days on me with no warningNoรฉ
This is a variable that the DAO can indeed change; note that it's not discussed or planned as far as I know
Yeah, I'll exit after March haha, will just roll my PT from Jan 30 to Mar 27.
So just one more question (thanks @BingChilling @DingoApe), appreciate you folks.
So lets day these factors come in:
- tvl increases
- redemptions slow down
There's a possibility that usd0++ will increase in price because of the increase in TVL, and due to slowodnw in redemptions, the amount of USUAL to redeem 1:1 will decrease accordingly right? Understand it's up to a max of 6 mthsDingoApe
That's the thing I'm getting at with my question to @Noรฉ -- it might not actually be a max of 6 months, the max might be more
Camel
Hope this helps
My concern is if that 180 days might just suddenly get changed to 360 days on me with no warningCamel
A bird in hand is worth two in the bush
FlyingArrowz
Yeah, I'll exit after March haha, will just roll my PT from Jan 30 to Mar 27. So just one more question (thanks @BingChilling @DingoApe), appreciate you folks. So lets day these factors come in: - tvl increases - redemptions slow down There's a possibility that usd0++ will increase in price because of the increase in TVL, and due to slowodnw in redemptions, the amount of USUAL to redeem 1:1 will decrease accordingly right? Understand it's up to a max of 6 mths
DingoApe
My concern is if that 180 days might just suddenly get changed to 360 days on me with no warning
Gm sir, no matter the maturity of your PT, when it matures, you'll get 1:1 USD0++. After that, if you wish to Early Redeem, you'll still have to sacrifice an amount of $USUAL tokens ranging from zero to up to six months of rewards.
Note that you can still swap at market rate if it's better for you, or just hold more in order to receive rewards.DingoApe
Sir, in this post you wrote "$USUAL tokens ranging from zero to up to six months of rewards" -- does that signal that the T variable (number of days worth of rewards used in calculation) is expected to be fixed at 180 for a long while ?
Hey @Noรฉ understand you've lots of questions, but hope you can answer this.
My PT matures jan 30. Let's say I roll that to Mar 27, will it still be part of the max 6-months to 1:1 redemption?
Do correct me if im wrong, no FUD here happy to hold my usd0++ lolBingChilling
Just exit 2nd market u probably still get more apy compare other PT in pendle. Usd0++ PT still the best in pendle even after exit tax
DingoApe
any normal USD0++ can be unstaked 1:1 by paying up the calculated amount of USUAL
Hey @Noรฉ understand you've lots of questions, but hope you can answer this.
My PT matures jan 30. Let's say I roll that to Mar 27, will it still be part of the max 6-months to 1:1 redemption?
Do correct me if im wrong, no FUD here happy to hold my usd0++ lolNoรฉ
Gm sir, no matter the maturity of your PT, when it matures, you'll get 1:1 USD0++. After that, if you wish to Early Redeem, you'll still have to sacrifice an amount of $USUAL tokens ranging from zero to up to six months of rewards. Note that you can still swap at market rate if it's better for you, or just hold more in order to receive rewards.
Hey @Noรฉ understand you've lots of questions, but hope you can answer this.
My PT matures jan 30. Let's say I roll that to Mar 27, will it still be part of the max 6-months to 1:1 redemption?
Do correct me if im wrong, no FUD here happy to hold my usd0++ lolDingoApe
So, your PT is just that -- PT tokens from Pendle. If you want to redeem it it has to be in the form of normal USD0++
FlyingArrowz
Hey @Noรฉ understand you've lots of questions, but hope you can answer this. My PT matures jan 30. Let's say I roll that to Mar 27, will it still be part of the max 6-months to 1:1 redemption? Do correct me if im wrong, no FUD here happy to hold my usd0++ lol
KIRAluq
ok, thabks
BingChilling
More people stake it less. But for now still early i guess
KIRAluq
do you know if the apy is always 260% or if it is variable?
thank you
Hi guys, I have some questions.
If i stake usual I get a 260% apy?
Unstaking usual have a cool down time to withdraw?
The 10% fee to unstake is related to the total amount(savings + bonus earned) or just bonus earned?BingChilling
Total or you can exit from 2nd market better rate
Hi guys, I have some questions.
If i stake usual I get a 260% apy?
Unstaking usual have a cool down time to withdraw?
The 10% fee to unstake is related to the total amount(savings + bonus earned) or just bonus earned?Mava (AI Support)
1. The APY for staking USUAL is not specified in the documentation I have access to, so I can't confirm the 260% APY. 2. There is no cool down time for unstaking USUAL; you just pay a 10% fee and can exit immediately. 3. The 10% fee is applied to the total unstaked amount, not just the bonus earned.
Mava AI BetaKIRAluq
Hi guys, I have some questions. If i stake usual I get a 260% apy? Unstaking usual have a cool down time to withdraw? The 10% fee to unstake is related to the total amount(savings + bonus earned) or just bonus earned?
hug
ok, thanks
@Noรฉ usualx rewardswon't work when using safe?? (you wrote in # โใsuggestions : Hi, for now, the USUALx needs to be in a EOA controlled wallet, notre on smart contracts.)Noรฉ
They do
hug
@Noรฉ usualx rewardswon't work when using safe?? (you wrote in # โใsuggestions : Hi, for now, the USUALx needs to be in a EOA controlled wallet, notre on smart contracts.)
Sammyy
why is usual not growing ah
Mello.eth
Probably not
BicepsGR
It seems you've been blocked again
devisse.
Unpopular opinion : usd0++ tvl will grow because newcomers will buy with usdt/usdc earning 4% a year via peg + usual yield
Mello.eth
@Noรฉis that so?
What I care about is whether the current 0.0009 will become larger or smaller when customers redeem in the future?BicepsGR
TVL is continuously outflowing. It is estimated that it can only increase.
It's the Ut factor here (see the PDF at the bottom): https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-early-redemption-mechanismMello.eth
What I care about is whether the current 0.0009 will become larger or smaller when customers redeem in the future?
endofline
@Noรฉ iUSD0 vault does not depend on the price USD0++? I suppose we could use it for arbitrage USD0++. For example I will deposit USD0++ at a price = $0.93. Then the price dropped to $0.91(some market conditions), so when I withdraw USD0++ the amount of USD0++ will be higher(approximate on 2%)
Noรฉ
It's the Ut factor here (see the PDF at the bottom): https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-early-redemption-mechanism
At the atomic level, it's based on TVL of USD0++ (specially how much is allocated to each bucket) and Interest ratesMello.eth
I thought it was daily emissions/TVL of USD0++, is that right?
Bysacha
It may be varnished or a different alloy
Noรฉ
At the atomic level, it's based on TVL of USD0++ (specially how much is allocated to each bucket) and Interest rates
Mello.eth
@NoรฉWill redemption parameter 0.0009 change? depends on what factors
Gabee
https://tenor.com/view/brooklyn99-rosa-diaz-sarcastic-laugh-sarcasm-hahaha-gif-13126497
Le Jacobin
I don't doubt it.
Gabee
I don't understand the context for this pic?
Bysacha
copper naturally oxyde, people discovering it in 2024 are just from -5000 before jc
FYI, if you staked 1000USD0 ($1000) before the change in floor price (to 0.87), you got 1000USD0++, now it's $915. If you want to un-stake early and get back 1000USD0, you need to add in 162 USUAL ($82 atm).
Magic! ๐คข
HubristicFarmer
thanks - i have thus far failed to get this far. Presumably this mean that there is effectively a floor at this price as if it falls below 0.915 then people can profitably buy USD0 and Usual to arb it.
Frequency
Thanks!
Klinta
Damn big brain suggestion
Before the unstaking feature is implemented, users has to buy USD0++ at $1. Now that the early unstaking feature is implemented, users can obtain discounted USD0++ at approx. 0.91. However as of right now both are faced with the same cost of un-staking. How does the Usual team think of the fairness of this situation? Would it had been better if Usual had pledged a 1:1 buyback for a certain time period, in order to eradicate the sense of unfairness as described above?
Cortina
Dooms dayers forget how many obvious catalysts there are for USD0 adoption. We are only on ETH L1 which severely limits our market for crypto natives. Lots of pools of capital on Arb, Base, SOL etc. that we can tap. Very few defi integrations rn, that will change too. Lastly, lots of opportunities to on onboard institutions and CEX's. Zero to 1.5B is the hardest part!
zakuku
Nice suggestion!
Noe, after exchanging from usual to usualx you need to wait 1 week to collect the rewards, right? Couldn't you put in some way for the reward to be directly exchanged for usualx and accumulated for the next one as a compound income if we choose?
Before the unstaking feature is implemented, users has to buy USD0++ at $1. Now that the early unstaking feature is implemented, users can obtain discounted USD0++ at approx. 0.91. However as of right now both are faced with the same cost of un-staking. How does the Usual team think of the fairness of this situation? Would it had been better if Usual had pledged a 1:1 buyback for a certain time period, in order to eradicate the sense of unfairness as described above?Noรฉ
Hi, USD0++ is a locked version of USD0 for four years: there is no cost-free option to redeem it on the primary before its maturity. This has been outlined on the docs, dApp and whitepaper since the beginning, and the features implemented recently were announced for Q1 since October 2024. Please refer to our previous # ๐ฃใannouncements
Frequency
Noe, after exchanging from usual to usualx you need to wait 1 week to collect the rewards, right? Couldn't you put in some way for the reward to be directly exchanged for usualx and accumulated for the next one as a compound income if we choose?
magicnic22
Before the unstaking feature is implemented, users has to buy USD0++ at $1. Now that the early unstaking feature is implemented, users can obtain discounted USD0++ at approx. 0.91. However as of right now both are faced with the same cost of un-staking. How does the Usual team think of the fairness of this situation? Would it had been better if Usual had pledged a 1:1 buyback for a certain time period, in order to eradicate the sense of unfairness as described above?
This comes from a more specific, detailed version of the feature, available in the PDF at the bottom of that page sir: https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-early-redemption-mechanism
Dave.race
Ok, thank you. It is clearer now. However, I still have some questions. - Has this *Ut been set manually only starting from January 13th? - Was this stated earlier, or is this the first instance of communicating that this will be changed manually? Thank you for your well appreciated answers, Noรฉ
NovatioLegis
My question is more about losing the position in the usualx stake?
@Noรฉ if i stake my usualX obtained through the stake of Usual, i lost my position?? I mean, in Pendle or other system for exampleNoรฉ
USUALx in Pendle isn't eligible for the revenue sharing.
NovatioLegis
@Noรฉ if i stake my usualX obtained through the stake of Usual, i lost my position?? I mean, in Pendle or other system for example
Noรฉ
This comes from a more specific, detailed version of the feature, available in the PDF at the bottom of that page sir: https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-early-redemption-mechanism
> Initially, the DAO will manually update values for Ut, with updates occurring frequently on a weekly basis (or more often) depending on the growth of TVL. If there is highly accelerated growth that could cause large deviations in the USUAL rewarded per USD0++, an update to the parameter will be triggered. This ensures that unless there is a drastic change in TVL within a week, the actual USUAL per USD0++ should remain close to the DAO-set value.
>
> This mechanism guarantees that users pay at or near the desired cost while the DAO manually manages this parameter. As the protocol matures, this process will become automated, requiring no further input from the DAO.Dave.race
Sorry for the many questions. Is this from the WP?
Or you mean it is chosen by the team to be close to the number given by the formula (approx. 0.001)?
But it's fixed at 0.0009. It does not seem to be a function of the different parameters as stated in the WPNoรฉ
See: https://discord.com/channels/1106588534871179280/1107144153076347022/1329079967463772160
@Tok @Dave.race At the atomic level, its based on TVL of USD0++ (specially how much is allocated to each bucket) and Interest ratesDave.race
But it's fixed at 0.0009. It does not seem to be a function of the different parameters as stated in the WP
FYI, if you staked 1000USD0 ($1000) before the change in floor price (to 0.87), you got 1000USD0++, now it's $915. If you want to un-stake early and get back 1000USD0, you need to add in 162 USUAL ($82 atm).
Magic! ๐คข
Brave
what is this ui website?
Noรฉ
@Tok @Dave.race At the atomic level, its based on TVL of USD0++ (specially how much is allocated to each bucket) and Interest rates
Sir, this is a feature publicly available since day 1, with an ETA for Q1 announced since October.
Tok
I'm also interested. Could you let us know the formula even it's rough? @Noรฉ
Noรฉ
The ETA was also on the dApp
Is there any announcement in the change of floor price? I can't find one.
Is it just about "poorly communication", "we told you on the tooltip", "we mentioned it in the white-paper"?Noรฉ
Sir, this is a feature publicly available since day 1, with an ETA for Q1 announced since October.
Chien [ฯ, ฯ]
wow, usual* gonna give up the right? they should be able to get 50% of the fee generated.
Nam Nguyen
Is there any announcement in the change of floor price? I can't find one. Is it just about "poorly communication", "we told you on the tooltip", "we mentioned it in the white-paper"?
all revenue from Parity Arbitrage Right, for example the morpho liquidation (team use 1:1 redemption to liquidate USD0++/USDC)Noรฉ
This should go to USUALx - more communications on this will be released later on
Knowing what number will be updated next is important to me. So, if we need to input the current USUAL rewarded per USD0++ based on the current standard, please let me know what value should be used.Dave.race
I'm also interested in that.
Noรฉ
Please check our # ๐ฃใannouncements
FYI, if you staked 1000USD0 ($1000) before the change in floor price (to 0.87), you got 1000USD0++, now it's $915. If you want to un-stake early and get back 1000USD0, you need to add in 162 USUAL ($82 atm).
Magic! ๐คขNoรฉ
Yes, USD0++ is a locked version of USD0 for four years. There is no cost-free option to redeem it earlier.
Noรฉ
Because the yield is also unpredictable.
Noรฉ
# ๐งใspeculation sir
zakuku
I put all my money in to USUAL, I'm long term holder, should i worry about the price?
The fact that you also ping me 4 times on the same question, just before, while it's on the docs, is also funnyTok
It was vague bro
@Noรฉ Is it that only whatโs important to you matters, and whatโs important to me doesnโt? please answer me.Noรฉ
Sorry mate you're getting muted, I warned you two seconds ago to not send two times the same message. I see your messages, but I'm not an AI, and I have to double check with team members the data. Also, I'm not a dog for you to ping me again 30 seconds after sending the initial question, show at least some respect: I'm here answering everyone all day long. Even more if it's to throw around stuff like "oooh so it doesn't matter to you if you don't answer in 30 seconds?".
Chien [ฯ, ฯ]
all revenue from Parity Arbitrage Right, for example the morpho liquidation (team use 1:1 redemption to liquidate USD0++/USDC)
Knowing what number will be updated next is important to me. So, if we need to input the current USUAL rewarded per USD0++ based on the current standard, please let me know what value should be used.Lucasโก
@Noรฉ Is it that only whatโs important to you matters, and whatโs important to me doesnโt? please answer me.
Noรฉ
Which revenue are you talking about? Collateral? Early Redemption?
Chien [ฯ, ฯ]
@Noรฉ hope to get answer to this one
and btw, if you continue to send two times the same message while pinging me each time, I'll just mute youLucasโก
Knowing what number will be updated next is important to me. So, if we need to input the current USUAL rewarded per USD0++ based on the current standard, please let me know what value should be used.
Noรฉ
there's no need to do that
Lucasโก
It's completely unpredictable what number will be used for the next update.
So, in the end, are you saying that the current USUAL rewarded per USD0++ doesn't really matter and you just decided it manually as you wished?Noรฉ
I think that if you read it again, it's not what's written.
So, in the end, are you saying that the current USUAL rewarded per USD0++ doesn't really matter and you just decided it manually as you wished?Lucasโก
@Noรฉ Are you saying you're deciding this arbitrarily without any data to back it up? The actual numbers are way off from what was initially expected.
> Initially, the DAO will manually update values for Ut, with updates occurring frequently on a weekly basis (or more often) depending on the growth of TVL. If there is highly accelerated growth that could cause large deviations in the USUAL rewarded per USD0++, an update to the parameter will be triggered. This ensures that unless there is a drastic change in TVL within a week, the actual USUAL per USD0++ should remain close to the DAO-set value.
>
> This mechanism guarantees that users pay at or near the desired cost while the DAO manually manages this parameter. As the protocol matures, this process will become automated, requiring no further input from the DAO.Chien [ฯ, ฯ]
will per revenue 100% go to USUALx or 50% to USUAL* + 50% to USUALx?
famousfxck
Inshallah Trump moon
> Initially, the DAO will manually update values for Ut, with updates occurring frequently on a weekly basis (or more often) depending on the growth of TVL. If there is highly accelerated growth that could cause large deviations in the USUAL rewarded per USD0++, an update to the parameter will be triggered. This ensures that unless there is a drastic change in TVL within a week, the actual USUAL per USD0++ should remain close to the DAO-set value.
>
> This mechanism guarantees that users pay at or near the desired cost while the DAO manually manages this parameter. As the protocol matures, this process will become automated, requiring no further input from the DAO.Lucasโก
So, in the end, are you saying that the current USUAL rewarded per USD0++ doesn't really matter and you just decided it manually as you wished?
What I meant was, when calculating the actual 0.0009, what specific number was used for 'the current USUAL rewarded per USD0++' this time?Noรฉ
> Initially, the DAO will manually update values for Ut, with updates occurring frequently on a weekly basis (or more often) depending on the growth of TVL. If there is highly accelerated growth that could cause large deviations in the USUAL rewarded per USD0++, an update to the parameter will be triggered. This ensures that unless there is a drastic change in TVL within a week, the actual USUAL per USD0++ should remain close to the DAO-set value. > > This mechanism guarantees that users pay at or near the desired cost while the DAO manually manages this parameter. As the protocol matures, this process will become automated, requiring no further input from the DAO.
At the bottom of this Docs page, you have a PDF with all the mathematical details: https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-early-redemption-mechanismLucasโก
What I meant was, when calculating the actual 0.0009, what specific number was used for 'the current USUAL rewarded per USD0++' this time?
Noรฉ
At the bottom of this Docs page, you have a PDF with all the mathematical details: https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-early-redemption-mechanism
Lucasโก
then please let me know the exact formula
@Noรฉ Let me ask more specifically. Iโd like to know the applied interest rate and the applied USUAL price. If the current APY is 23% and the USUAL price is $0.52, then the maximum number of USUAL required to redeem 1 USD0++ would be calculated as follows:
(23% * 0.5 year) / 0.52 = 0.2211
Could you confirm if this calculation method is correct, or let me know the exact formula used for this computation? Please don't say it's complicated.Noรฉ
Hi, I don't think it's correct. You're extrapolating the Early Redemption fee from the APY.
Lucasโก
@Noรฉ Let me ask more specifically. Iโd like to know the applied interest rate and the applied USUAL price. If the current APY is 23% and the USUAL price is $0.52, then the maximum number of USUAL required to redeem 1 USD0++ would be calculated as follows: (23% * 0.5 year) / 0.52 = 0.2211 Could you confirm if this calculation method is correct, or let me know the exact formula used for this computation? Please don't say it's complicated.
0xFar5eer
Not every USUALX holder is eligible => increase in APY 57% you calculated is APR, if you convert it to APY = 77% So I guess having less eligible usualx holders => it will become 89% APY
BingChilling
U get usual and stake usualx and get usd0. Usd0++ also got usd0
Jane0416
where can swap usualx to eth ?
Azzam
reward usd0 for UsualX staker? how bout USD0++ staker?
BingChilling
Trump inaguration and u get usd0
Azzam
what new in end of the week?
Mello.eth
@NoรฉWill redemption parameter 0.0009 change? depends on what factors
Noรฉ
As a reminder, any price talk should be made in # ๐งใspeculation
nandou
ohhhh๏ผๅๅฐๆไบ
notomato
๏ผ
BicepsGR
๏ผ
@Mava (AI Support) how can I calculate the usualx and USD0++ APY-s? IS there a formula for that?Mava (AI Support)
To calculate the APY for USUALx and USD0++, you can use the Pendle calculator to simulate the amount of $USUAL you will receive by the maturity date. For USD0++, the $USUAL rewards are based on the minting rate and its underlying factors, and the APY (or USD value) comes from the pre-market price.
Mava AI BetaEgone
@Mava (AI Support) how can I calculate the usualx and USD0++ APY-s? IS there a formula for that?
derelict_dalmatian
cfs front loaded?
say they did get 100% thats still only about 58%?
-GUI says 61.1M annual revenue projection
-Usualx supply is 178M
-50% of revenue goes to Usualx holders and 50% to Usual*
-(61.1M)/178M = $0.34 per usualx token
-$ 0.34 / $0.6 (current price) = 57.3% yield from revenue...
-gui says 89% yield on usualx from revenue
????
ravished
There are different revenues, usd0 revenue goes 100% to usualx but burned usual gets shared with usual*
Le Tran
when stake $usual on Arbitrum mainnet sir ?
derelict_dalmatian
can anyone make it make sense?
-GUI says 61.1M annual revenue projection -Usualx supply is 178M -50% of revenue goes to Usualx holders and 50% to Usual* -(61.1M)/178M = $0.34 per usualx token -$ 0.34 / $0.6 (current price) = 57.3% yield from revenue... -gui says 89% yield on usualx from revenue ????
@Mava (AI Support) so if there are 500m usual and only 177m usualx if all usual was staked usualx supply would increase to 500m?ravished
@Mava (AI Support) so if there are 500m usual and only 177m usualx if all usual was staked usualx supply would increase to 500m?
@Mava (AI Support) what is the supply of usualx if 100% of usual is staked? Would the ratio of usual to usualx increase or decrease from its current staked amount of 40%?Mava (AI Support)
If 100% of USUAL is staked, the supply of USUALx would be equivalent to the total supply of USUAL, as USUALx represents a proportional share of the staked USUAL. The ratio of USUAL to USUALx would remain the same, as USUALx acts like a vault-share, meaning it is proportional to the share of rewards. Therefore, the ratio would not inherently increase or decrease due to the percentage of USUAL staked.
Mava AI Betaravished
@Mava (AI Support) what is the supply of usualx if 100% of usual is staked? Would the ratio of usual to usualx increase or decrease from its current staked amount of 40%?
@Mava (AI Support) explain usualx token supply, what makes it shrink, what makes it grow, is the max supply of usualx the same as usual?Mava (AI Support)
USUALx is a staked version of the USUAL token. The supply of USUALx grows when users stake their USUAL tokens, as USUALx is issued in return for staking. Conversely, the supply shrinks when users unstake their USUAL tokens, as USUALx is burned in the process. The max supply of USUALx is not the same as USUAL; it depends on the amount of USUAL tokens staked at any given time.
Mava AI Betaravished
@Mava (AI Support) explain usualx token supply, what makes it shrink, what makes it grow, is the max supply of usualx the same as usual?
pablo
any time ?
pablo
when is the first mont of vesting token airdrop will be availabe ?
Mava (AI Support)
The documentation does not specify how often the redemption parameter of 0.0009 USUAL per USD0++ per day is adjusted. It may depend on various factors such as market conditions and governance decisions.
Mava AI Beta
D666
How often is the redemption parameter 0.0009 adjusted?
D666
@Mava (AI Support)How often does it change?
xhybg
does the redemption parameter 0.0009 changes everyday based on apy & usual price?
Gabee
+ USD0 every week yes
jayce
The value of usualx will increase as you do
Gabee
Yes
Klinta
Maybe
jayce
So I just stake usual and don't need to do anything else
Yes.
Usualx gains in value over time.
You will not have more usualx. But your usualx will be worth more usual.jayce
So I just stake normally and don't need to do anything else
Guys, is the small drop in TVL from yesterday to today and also in Revenue a concern or would it be as expected with the possibility of early redemption?NovatioLegis
Someone other than AI? ๐คญ
in addition to usd0 reward can i get normalx reward rightIn addition to the USD0 reward, I can receive additional usualx, right?jayce
in addition to usd0 reward can i get normalx reward rightIn addition to the USD0 reward, I can receive additional usualx, right?
ngoร i phแบงn thฦฐแปng usd0 tรดi cรณ thแป nhแบญn thรชm phแบงn thฦฐแปng normalx phแบฃi khรดngGabee
english. # ๐ใlanguage-select --> ๐ป๐ณ ?
jayce
ngoร i phแบงn thฦฐแปng usd0 tรดi cรณ thแป nhแบญn thรชm phแบงn thฦฐแปng normalx phแบฃi khรดng
Guys, is the small drop in TVL from yesterday to today and also in Revenue a concern or would it be as expected with the possibility of early redemption?Mava (AI Support)
A small drop in TVL and revenue can be expected, especially with the possibility of early redemption. This is part of the protocol's design to manage liquidity and rewards distribution. If people redeem early, it can lead to a redistribution of rewards to USUAL stakers and potentially a burn of some tokens, which can stabilize the system. Reference: 1
Mava AI BetaNovatioLegis
Guys, is the small drop in TVL from yesterday to today and also in Revenue a concern or would it be as expected with the possibility of early redemption?
Gabee
Tu parles sur un channel anglophone. Active le channel francophone merci.
HubristicFarmer
Thanks - pretty annoying when lots of us have usd0 locked up in vaults
Maybe you can check in website, there is a calculator telling you how much usual you needif I try to unstake 1000 USD0++ in early unstaking, how many USUAL do I need and how many USD0 will I get?้ๅๅฎฝ่กฃ๏ผusual code U7GWE๏ผ
Maybe you can check in website, there is a calculator telling you how much usual you need
if I try to unstake 1000 USD0++ in early unstaking, how many USUAL do I need and how many USD0 will I get?Mava (AI Support)
To determine the exact amount of USUAL tokens required for early unstaking of 1000 USD0++, you can simulate the process live on the Usual Money app. You will receive USD0 on a 1:1 basis for your USD0++.
Mava AI Beta
Nam Nguyen
if I try to unstake 1000 USD0++ in early unstaking, how many USUAL do I need and how many USD0 will I get?
have any one tried early unstaking USD0++?
Massimo
Bonjour ๐ Jโaurais aimรฉ savoir si vous allez lister usual sur dโautre plate-forme ?
Hi, can someone explain to me when and how the rewards for USUALx owners will be distributed? Thanks in advanceUSD0++ needs to be re-pegged, it just requires a significant drop in USUAL, and it will automatically re-peg when it drops to 0.01.Bysacha
USD0++ is pegged to its real value. It is a bond which means that it will value 1$ in 4 years (less because it started earlier). The yield generated from USD0++ is converted in USUAL. Everything is written in the docs
@NoรฉHello, may I ask about "Daily Rewards Rate", what are the parameters that determine it? Can it be stated accurately?
Usual
Mello.eth
@NoรฉHello, may I ask about "Daily Rewards Rate", what are the parameters that determine it? Can it be stated accurately?
Hi, can someone explain to me when and how the rewards for USUALx owners will be distributed? Thanks in advanceMava (AI Support)
Hi! For USUALx owners, you receive your USUAL rewards at each block. Additionally, your USD0 (revenue switch) rewards are distributed at the end of each weekly epoch.
Mava AI Beta
HPL
Hi, can someone explain to me when and how the rewards for USUALx owners will be distributed? Thanks in advance
Mava (AI Support)
The token release schedule for USUAL tokens involves a vesting period for certain allocations. For example, the USUAL Airdrop has a vesting schedule where tokens become available in monthly installments from mid-January 2025 until mid-June 2025. Additionally, there is a daily distribution mechanism for USUAL tokens, which adjusts based on the protocol's performance indicators. References: 1,2
Mava AI Beta
Kamil
What about token release schedule?
devisse.
We rich
Usual
Is there any rescue measure, I haven't seen an increase in the ratio of usualx to usual in the last two daysMava (AI Support)
The ratio of USUALx to USUAL may not increase daily as it depends on various factors like the distribution of rewards and the overall performance of the protocol. USUALx acts like a vault share, and its value increases as rewards accumulate over time. If you haven't seen an increase, it might be due to the current distribution cycle or market conditions. Please check back at the end of the current Daily Cycle for updates.
Mava AI Beta123123123
Is there any rescue measure, I haven't seen an increase in the ratio of usualx to usual in the last two days
USD0++ needs to be re-pegged, it just requires a significant drop in USUAL, and it will automatically re-peg when it drops to 0.01.
Aper
sure, ppl won't have faith to join the system if USD0++ still lower than 0.95
123123123
It's so unreasonable that when USUAL falls, people who buy after can enjoy more USD0 gains because they can hold more USUALX
Chien [ฯ, ฯ]
sir , If I have a new wallet(never holding usualx before) and get some usualx now, will I qualify for revenue rewards starting next week and receive them the week after, or will I qualify next month and receive them another week after?
devisse.
We gucci
hey @Noรฉ have very brief question. I was holding USD0++ to receive an airdrop. Now I would like to convert my position into Pendle LP token - will I be in this case eligible for the vested rewards or not? Or only SY token part will be counted (not PT)Defi Eren
kind follow up๐ @Noรฉ
Bysacha
For the moment yeild on USUAL is high, and market has been shaken last week. Lets time to USUAL recover or go on memecoin if you want x15 in one week
How can i simulate the amonut of ususal i need to burn in order to achive early redometion on my usd0++ ? any way to do so ?Mava (AI Support)
Yes, you can simulate the amount of USUAL you need to burn for early redemption on the dApp. However, you need to have a USD0++ balance for the simulation to work. The team is working on improving this feature.
Mava AI Betathe.goat
How can i simulate the amonut of ususal i need to burn in order to achive early redometion on my usd0++ ? any way to do so ?
Noรฉ
you need to have a balance
123123123
When we talked about what would get kicked off the server quickly, I just asked a question and was kicked out
Bysacha
You are targeting stupid price for USUAL that proves that you did not read a lign of the whitepaper.
Egone
it does not show unfortunately. Is this a bug?
Gabee
And I will be buying your paper bag ๐
basedscarf
Can do it on dapp
Mava (AI Support)
You can simulate the amount of USUAL you need to burn for a 1:1 redemption on the Usual dApp. Please visit: https://app.usual.money/swap?from=USD0%2B%2B&to=USD0.
Mava AI BetaEgone
hi, I would like to simulate how much USUAL i need to burn to redeem 1:1?
Drake
They just trapped people who bought USD0++ and USUAL to force participate in their ecosystem, milking their money ๐
Aper
USD0++ worth to 0.98
Aper
0.1 is fine
Orina
Sorry $0.01
Drake
That's possible too, but i wanted to give holders some hope, saying 0.2
Orina
0.1$
zhengziyan@๐ธ๐ฌ
10000 (1-0.92)/1620=0.4938271605 10000 (1-0.93)/1620=0.4320987654 10000 (1-0.94)/1620=0.3703703704 10000 (1-0.95)/1620=0.3086419753 10000 * (1-0.96)/1620=0.2469135802 ่ฟ้กน็ฎๅคชๅไบบๆง๏ผUSUAL ไปทๆ ผ่ถไฝ่ถๅผๅฟ ๐
Drake
At least i'm speaking about numbers now
Drake
On what basis you are talking?
Drake
Numbers don't lie ๐ as they say, and that's numbers and charts for past weeks
DORA
very good
- Market goes up 10~15%+, Usual goes up 1%+ - Market goes down -1%, Usual goes down -10%
Defi Eren
hey @Noรฉ have very brief question. I was holding USD0++ to receive an airdrop. Now I would like to convert my position into Pendle LP token - will I be in this case eligible for the vested rewards or not? Or only SY token part will be counted (not PT)
Noรฉ
including collateral
@Noรฉ If fed does raise rates that means overnight will go up too. Will that extra income flow to Usualx holders?Noรฉ
100% of the Revenue of the protocol goes to USUALx rn, yes, correct
chrisgm3773
@Noรฉ If fed does raise rates that means overnight will go up too. Will that extra income flow to Usualx holders?
USD0++ only gets a higher price because of the Early Redemption (if we only take that into account) if the Early Redemption cost is lower than the market rate or Floor
queen123
since USD0+ is a bond like product can it hit like $1.10
Noรฉ
# ๐งใspeculation sir
The Southerner
I got blocked ๐,it is really unacceptable
yeah i undestand wha u mean. but trying to better understand it.
more early redepmtion = higher USD0++ or it's the other way round ?Noรฉ
USD0++ only gets a higher price because of the Early Redemption (if we only take that into account) if the Early Redemption cost is lower than the market rate or Floor
@Noรฉ When you expect to feel the impact in the USUAL price of the new burn mechanism announced yesterday?HanselR
@Noรฉ please reply!!
queen123
yeah i undestand wha u mean. but trying to better understand it. more early redepmtion = higher USD0++ or it's the other way round ?
LukeOnChain
01/15/2025 at 05:25:43 ESTbots can arb each week with early redemption, so it will be always a bit over 0.87$
Noรฉ
"Fair price" isn't necessarily the floor or the maturity price
Gabee
Horizon is 4 years, indeed
queen123
why is usd0++ $0.91 it's not maturing anytime soon. should be close to $0.87
Gabee
Oh noooo you found out I was a bot. Nooooooooooooo ๐ญ
Gabee
Yes, so?
Gabee
I understand you are overexposed and you want out. You didn't read, and now you are at loss. You are angry and you're harassing people on discord because you didn't read what you bought.
HanselR
@Noรฉ When you expect to feel the impact in the USUAL price of the new burn mechanism announced yesterday?
What happens to usual token after it caps at 4 billion? I mean, there will be no more tokens left to pay LP'sNoรฉ
Usual will enter another stage of the protocol's life, with different mechanisms and flows. In the meantime, Usual will launch various products - the protocol in four years will be totally different.
This is more difficult to answer as $USUAL's emission depends on multiple factors such as TVL, Revenue, interest rates, growth and so on. The formula is public, on the Whitepaper btw.
As for the "cap", $USUAL's max supply is indeed 4B.chrisgm3773
What happens to usual token after it caps at 4 billion? I mean, there will be no more tokens left to pay LP's
Noรฉ
Afaik, this isn't planned.
@Noรฉ Also have question about usual inflation. I hear its expected to have 1billion usual in circualtion after one year. Is this correct? And is 1 billion per year the inflation rate capped at 4 billion?Noรฉ
This is more difficult to answer as $USUAL's emission depends on multiple factors such as TVL, Revenue, interest rates, growth and so on. The formula is public, on the Whitepaper btw. As for the "cap", $USUAL's max supply is indeed 4B.
Sir, the pool is unbalanced, with more USD0++ than USD0. You'll automatically get less than 1:1 when withdrawing, since USD0++ is lower than 1$.chrisgm3773
@Noรฉ Also have question about usual inflation. I hear its expected to have 1billion usual in circualtion after one year. Is this correct? And is 1 billion per year the inflation rate capped at 4 billion?
Noรฉ
the bot is right
The dao has the right to vote to change the power to exit 0-180 that specific parameter value, right?JDuke
@NoรฉPlease answer me
The dao has the right to vote to change the power to exit 0-180 that specific parameter value, right?Mava (AI Support)
Yes, the DAO has the authority to vote and change parameters related to the protocol, including those affecting the exit power or duration cost factor, which can range from 0 to 180 days. References: 1
Mava AI BetaJDuke
The dao has the right to vote to change the power to exit 0-180 that specific parameter value, right?
nuttcrackerjack
Team has a very healthy war chest and can send it up with one green print and ppl bullish again
Noรฉ
Sir, the pool is unbalanced, with more USD0++ than USD0. You'll automatically get less than 1:1 when withdrawing, since USD0++ is lower than 1$.
Mystiq
im still holding Usual too
As the Floor is set to 0.87$ (and gets higher as maturity approaches), it can't go lower than the Floorchrisgm3773
Serious question. If fed raises rates will floor be adjusted lower?
fredchan17999
I'm a bull hehe ๐
I just bought more yesterday, gonna buy more if price decrease cuz I know one day it will moon LOLMystiq
and..? so what can i do
fredchan17999
oh no bro ๐
Noรฉ
Sir, you are LP'ing on Curve...
Mystiq
USD0
Noรฉ
Sir, do you have USD0 or USD0++?
What buying back are you talking about bro? The price is decreasing rapidly. Projects are bot collaborating with USUAL anymore. It will be very difficult to build that reputation again. Sorry to say.Gabee
Talking about me I'm buying back ๐คท
Mystiq
how do i withdraw it without converting it to usd0++ from curve.fi?
t1notbot
If im not cry at discord. It makes me bot?
t1notbot
Time to buy at dip 
๐ฅ๐
t1notbot
Soon iusd0++ with ena. Its Big and hude Collab
Noรฉ
# ๐งใspeculation
Mystiq
i have USD0
Dynamo
The mc is USUAL now 265m. :/
fredchan17999
which is unstable? USD0 still 1$ ๐ค
Noรฉ
USD0++ isn't a stablecoin
Noรฉ
Please check our previous announcements on that
Dynamo
Without having very big collabs, there is no future :/
Mystiq
stablecoin is unstable
So the team/investors are only can stake USUAL to USUALx during the locking period. Am I correct ?maybach_btc
So the team/investors are only can stake USUAL to USUALx during the locking period. Am I correct ?
Dynamo
What buying back are you talking about bro? The price is decreasing rapidly. Projects are bot collaborating with USUAL anymore. It will be very difficult to build that reputation again. Sorry to say.
fredchan17999
so why u keep asking when u can't even read?
Noรฉ
No, the team and investors tokens earn 0% of the Revenue
fredchan17999
No, team don't get any profits of that, there is no "13% profits" as u said, it's just locked value for 4 years period, and will be back 1:1 after that, no one lost their money for sure
t1notbot
@fredchan17999 no1 wanna read๐ค
Noรฉ
nice try
Noรฉ
Team gets 0% of the Revenue
fredchan17999
why this question still exist until now ๐ฆ they got many announcements and docs about that
Hi, for USUALx, you receive your USUAL rewards at each block, and your USD0 (revenue switch) rewards at the end of each weekly epoch.
lumitor
Thank you.. so first reward after one week.
Noรฉ
Please check our previous announcements on that
When I have staked Usualx and have some projected reward - this will be distributed one month after 13th of january?
unknown l
USD0 rewards are distributed weekly
Noรฉ
You can either: - Early Redeem right now in exchange of $USUAL - Swap at market rate - Redeem at Floor - Hold and farm rewards, until they are higher than the Early Redeem feature
As the Floor is set to 0.87$ (and gets higher as maturity approaches), it can't go lower than the Floorqueen123
why was it previously at $1 ?
t1notbot
Cooking need time
Noรฉ
As the Floor is set to 0.87$ (and gets higher as maturity approaches), it can't go lower than the Floor
t1notbot
Ena and usual doing good by my opinion
what is the point of this early unstaking feature i am force to still buy usual token to get the 1:1?Noรฉ
To Early Unstake before the maturity, set in 2028
queen123
lmao sounds like a brokie
t1notbot
I think its good project. Im all in usualx
queen123
rip my $7k loss
t1notbot
Its pay 25 apy. Insanely income. Whats the problem?
queen123
lmao 4 years time usual will be gg
LukeOnChain
01/15/2025 at 04:48:34 ESTwelcome to squid game 3.0๐
t1notbot
U should relax. Take some mojito mqke money and be strong. Time make u rich
queen123
no way i am waiting for 4 years
queen123
what should i do i bought usd00+ at $1
t1notbot
U can believe me and chek blog. 5 min time for it. Its coded floor
queen123
the ai say can. just imagine constant unstaking or selling usd00++
t1notbot
It's can't
Mava (AI Support)
The USD0++ price can fluctuate due to market conditions, including FUD (Fear, Uncertainty, Doubt) and panic selling. It has previously dropped to around $0.9 before rebounding. However, predicting future price movements is uncertain and depends on various market factors.
Mava AI Betaqueen123
can the USD0++ go lower than the $0.87 mark
am i correct to say the only real way for the USD0++ to hit $1 is i have to wait for 4 yearsMava (AI Support)
Yes, USD0++ is designed to be locked for a 4-year period, and it will be redeemable at a 1:1 ratio at the end of this period. However, you can sell USD0++ on the secondary market before the 4 years are up, but the price may vary.
Mava AI Beta
Lucifer| Pirate
@Mr. Lin wen reward for *alxe users ?
queen123
am i correct to say the only real way for the USD0++ to hit $1 is i have to wait for 4 years
Mr. Lin
Hopefully this clears out any FUD you had in mind ser
Mr. Lin
so this is super awkward
The Floor for USD0++ has been set at 0.87, and goes higher as maturity approaches (queen123
what is the point of this early unstaking feature i am force to still buy usual token to get the 1:1?
Hi sir, the APY of usd0++ shown on dapp, the calculation is based on the usd0++amt * floor price ? or market price?Noรฉ
Hi, the APY on the dApp is based on the market price
Noรฉ
The Floor for USD0++ has been set at 0.87, and goes higher as maturity approaches (
Peter Pan
Hi sir, the APY of usd0++ shown on dapp, the calculation is based on the usd0++amt * floor price ? or market price?
queen123
i've read it and still dont understand lmao
@Mava (AI Support) i dont understand whats going on. i woke up and saw im in a loss of my USD0++ as it depeg. what should i do. will it repeg ?Noรฉ
Hi, please check our previous # ๐ฃใannouncements sir
queen123
@Mava (AI Support) i dont understand whats going on. i woke up and saw im in a loss of my USD0++ as it depeg. what should i do. will it repeg ?
Noรฉ
you can just grab a random wallet and put it on Rabby tho
just checking - do i need to have a balance of usd0++ just so i can simulate how much USUAL i need to burn to redeem 1:1?Noรฉ
Yes sir, you need a USD0++ balance for the simulation (unstaking, staking, swaps etc.) to work on the dApp. We're working to fix that.
When I have staked Usualx and have some projected reward - this will be distributed one month after 13th of january?Noรฉ
Hi, for USUALx, you receive your USUAL rewards at each block, and your USD0 (revenue switch) rewards at the end of each weekly epoch.
FlyingArrowz
just checking - do i need to have a balance of usd0++ just so i can simulate how much USUAL i need to burn to redeem 1:1?
Gabee
Hahaha
basedscarf
@Mava (AI Support) welcome back milady
Gabee
Mava is back, feels good
When I have staked Usualx and have some projected reward - this will be distributed one month after 13th of january?Mava (AI Support)
USUAL staking (USUALx) earns rewards every block, so you will start receiving rewards continuously rather than waiting for a specific date like one month after January 13th.
Mava AI BetaPeter Pan
Hi sir, any suggestions?
lumitor
When I have staked Usualx and have some projected reward - this will be distributed one month after 13th of january?
BingChilling
U getting rich
Lucasโก
@Noรฉ Let me ask more specifically. Iโd like to know the applied interest rate and the applied USUAL price. If the current APY is 23% and the USUAL price is $0.52, then the maximum number of USUAL required to redeem 1 USD0++ would be calculated as follows: (23% * 0.5 year) / 0.52 = 0.2211 Could you confirm if this calculation method is correct, or let me know the exact formula used for this computation? Please don't say it's complicated.
Mava (AI Support)
Providing liquidity in USD0++ that expires on 27 March involves certain risks. As the maturity date approaches, the value of Yield Tokens (YTs) will diminish, and Principal Tokens (PTs) will reach a 1:1 value with their principal, USD0++ in this case. If the market conditions are unfavorable, there might be a risk of reduced liquidity or potential loss if the value of the tokens does not meet expectations. Additionally, there is always a risk of smart contract vulnerabilities or changes in the DeFi market that could affect your investment.
Mava AI Beta
biyoshi
What is the risk of providing LP in USD0++ expired 27 march?
Noรฉ
@Vincentporot Hi, following up on your question about the Dune and dApp APY difference (Dune being lower than the ones on the dApp). The Dune is incorrect, not the other way around, unlike the accusation you threw around. We're lacking some updates on parameters for the Dune. The APYs displayed on the dApp are correct.
BingChilling
Still on roadmap dont know yet
quan9442
to day usual list kraken ?
How the heck you made that mistake guys. Now it will take ages to recoover the projects reputation. ๐ฆ I was heavily invested in USUAL :/BingChilling
U can just dca and lower your averages
BingChilling
There roadmap down the road mayble later. Team still working on iusd0++
How the heck you made that mistake guys. Now it will take ages to recoover the projects reputation. ๐ฆ I was heavily invested in USUAL :/Gabee
Give it some time, people are buying back
quan9442
when list usd0 at cex and dex >
damon
how to lock usd0++ for 6 months?
BingChilling
Or exit 2nd market u still have more apy than stake susde
damon
lock usd0++ for 6 months ,then we can redeem 1:1?
yes I understand its open now - but until what date in the future will it stay open? will it close at some point in the near future?Mr. Lin
no ser - it will be here
Madmax
01/15/2025 at 03:31:26 ESTPump this token๐๐๐
ananasbrb
yes I understand its open now - but until what date in the future will it stay open? will it close at some point in the near future?
glennbech
Did you see the boom in users to 200k from 80ish?
Mr. Lin
the function was on since 12 hours ago, you may exit right now
Ingham
Oh nice ok, i hate micromanaging
Do you have to claim the USD0 rewards every week, or can you let it stack and claim say once per month?BingChilling
It will airdrop to your wallet afaik
Do you have to claim the USD0 rewards every week, or can you let it stack and claim say once per month?Ingham
Do you have to claim the USD0 rewards every week, or can you let it stack and claim say once per month?
ananasbrb
yes, but until when do we have this option?
Mr. Lin
you may exit through early unstaking now by providing the required amount of $USUAL ser
so 100USD0++ would require 16.2$USUAL to exit on a 1:1 basis ser
Mava (AI Support)
The locking period for USD0++ is set to mature on June 30, 2028. However, there are early unstaking options available before this date. You can unstake your USD0++ early by using mechanisms like USUAL Burning Redemption, Price Floor Redemption, and Parity Arbitrage Right.
Mava AI Beta
weopall
yes
Mr. Lin
you mean for early redemption?
weopall
0,162 usual per 1 USD0++. how to calculate penalty
Mava (AI Support)
The maximum penalty for early redemption is the $USUAL accrued over the past 180 days. The exact amount can vary depending on weekly outflows and the time before maturity.
Mava AI Betaweopall
what is current penalty for early redemption
Can anyone help explain?
If I stake the usual to usualx in the offical website, and then I sell the usualx in secondary market. Is the usual token and USD0 earned while staking will be transferred to the new owner or disappeared?Mava (AI Support)
When you sell USUALx on the secondary market, the staking rewards accumulated in USUALx, including any USUAL tokens and USD0 earned, are transferred to the new owner. The rewards do not disappear; they are part of the value of the USUALx being sold.
Mava AI BetaCan anyone help explain?
If I stake the usual to usualx in the offical website, and then I sell the usualx in secondary market. Is the usual token and USD0 earned while staking will be transferred to the new owner or disappeared?Usual
kin
Can anyone help explain? If I stake the usual to usualx in the offical website, and then I sell the usualx in secondary market. Is the usual token and USD0 earned while staking will be transferred to the new owner or disappeared?
Mava (AI Support)
The early redemption penalty is calculated based on the amount of USD0++ you redeem and the weekly outflows. If you are the first to redeem, the fee is almost zero USUAL. However, if you redeem up to the maximum redemption target, you will pay the maximum fee. The penalty can be up to 6 months of USUAL rewards accrued.
Mava AI Betaweopall
how to calculate penalty for early redemption
@Noรฉ
Usual
weopall
@Mr. Lin @Magicking help me to calculate current penalty
make calculations by yourself pls
Mava (AI Support)
The penalty for early redemption of USD0++ to USD0 can range from 0 to 180 days of USUAL rewards. The exact amount depends on factors such as weekly outflows and the time before maturity. The current daily USUAL rewards rate per USD0++ is 0.0009 USUAL per day. To calculate the current penalty, you would need to consider these factors and apply the daily rate to the number of days applicable. References: 1,2
Mava AI Betaweopall
what is the current penalty at usd0++ - usd0? it can be 0-180d, how to calculate current?
Mava (AI Support)
The price of USUAL is influenced by various factors including market demand, supply, and the underlying interest rates. It is not directly controlled or increased by the organization. Instead, the market dynamics and governance mechanisms within the Usual protocol play a role in determining the price. If you are referring to increasing the value of your holdings, you might consider strategies like staking or participating in governance to potentially benefit from the protocol's growth. Reference: 1
Mava AI Beta
XIUXI
when to increase the usual price
BingChilling
Pendle pool can tell
Mava (AI Support)
To check the conversion rate of USUAL to USUALx, you can simulate an unstake. The conversion rate reflects the proportional share of the rewards, as USUALx acts like a vault-share. This means the rate is not 1:1 due to the rewards distribution mechanism.
Mava AI Betabiyoshi
How to check the conversion rate of usual : usualx ?
HubristicFarmer
Bad bot not what I mean
HubristicFarmer
Will there be a morpho vault for iusd0++?
Dynamo
How the heck you made that mistake guys. Now it will take ages to recoover the projects reputation. ๐ฆ I was heavily invested in USUAL :/
Atila
Yup, too many scammer
Mr. Lin
should be issued directly to your wallet on start of next epoch ser
I just sent my first msg here like few mins and then a fake Mr.Lin try to dm and friend request already.Mr. Lin
please turn off the DM and friends invite...too many scammers im afraid
Sammyy
When would be the 1st USD0 payout reward for the revenue switch protocol?
basedscarf
Dao = Usual* holders?
I can swap from Eth/USDC to usualx directly right? I mean donโt need to swap to usual and then go to stake page to swap to usualxbasedscarf
Jup
KBG89
Haha
BingChilling
Lol source
Magicking
When the DAO decides it but not on regular basis
KBG89
Bing chilling told me that
Mr. Lin
Someone told me that if I buy a pangolin on the dark web and film myself doing two girls one cup with it and upload that to OnlyFans that I can redeem USD0++ 1:1. Is that true?
KBG89
Someone told me that if I buy a pangolin on the dark web and film myself doing two girls one cup with it and upload that to OnlyFans that I can redeem USD0++ 1:1. Is that true?
Lucasโก
Current setup is 0.0009. I'm asking how often the number change?
I can swap from Eth/USDC to usualx directly right? I mean donโt need to swap to usual and then go to stake page to swap to usualxAtila
I can swap from Eth/USDC to usualx directly right? I mean donโt need to swap to usual and then go to stake page to swap to usualx
Mava (AI Support)
No, the conversion between USUAL and USUALx is not always 1:1. USUALx acts like a vault-share, representing your share of the rewards, which means the conversion rate can vary based on the proportion of rewards.
Mava AI Betabiyoshi
Does usual and usualx conversion will be always the same 1:1 ?
biyoshi
The secondary market for usd0++ is getting lower and lower
Mr. Lin
End of next week ser
Mava (AI Support)
To check the rate of the secondary market, you can use decentralized exchanges (DEXes) where USD0 or other Usual tokens are traded. These platforms will display the current exchange rates based on market supply and demand. You can also use price tracking tools or platforms that aggregate data from various exchanges to get an overview of the rates.
Mava AI Betabiyoshi
How to check the rate of the secondary market. ?
JACH
When could another network other than ERC20 be used to pay staking fees?
My own advise is to wait until the susde vault is up - the secondary market might be better later on ๐ซก
EG
When on?
Mr. Lin
Through secondary market or early redemption, you may exit before 2028 ser
ananasbrb
Hey @Mr. Lin is this true? we can early exit any time before 2028?
Mava (AI Support)
The early exit mechanism for USD0++ is available until the maturity date, which is June 30, 2028. Users can opt for early redemption before this date using mechanisms like USUAL Burning Redemption, Price Floor Redemption, and Parity Arbitrage Right.
Mava AI Betaananasbrb
How long does the early exit mechanism before maturity last?
ananasbrb
How long will the redeption period last to exit USDO++?
Magicking
A bunch of peeps use AI to understand what's in the code yes
basedscarf
Its "read contract" on etherscan, right?
Magicking
Developer bias
Mr. Lin
No ser - divide that amount by 4 = what you'll receive this week
Mr. Lin
Kindly refer to the whitepaper for more information of DAO.
Lucasโก
You know there isnโt something like a DAO yet. What is the current setup?
Why mava tells me its weekly?
Or, if app shows me i will get 5 USD0, those are divided in each week of the mo?Mr. Lin
And so the projected reward should be divided by 4
Why mava tells me its weekly?
Or, if app shows me i will get 5 USD0, those are divided in each week of the mo?Mr. Lin
The rewards are distributed on a weekly basis, that is correct
Mr. Lin
My own advise is to wait until the susde vault is up - the secondary market might be better later on ๐ซก
JACH
Why mava tells me its weekly? Or, if app shows me i will get 5 USD0, those are divided in each week of the mo?
Mr. Lin
This is controlled currently by DAO, I dont think it'll change on a set regular basis.
If the UI indicates that you need an extra 40k, then you'll need to purchase that extra amount ser.
However, you might want to compare the secondary market as users have said that it might be cheaper that way.
Blo Finc
Secondary market is at ATL now. Almost 0.9 sadly
yasiaforever81
Purchase extra and in total 50k usual
Can you confirm my question Lin? Suppose I have 10k Usual and it asks me to buy 40k Usual. Do I need to sacrifice 40k or 50k?Mr. Lin
If the UI indicates that you need an extra 40k, then you'll need to purchase that extra amount ser. However, you might want to compare the secondary market as users have said that it might be cheaper that way.
Can you confirm my question Lin? Suppose I have 10k Usual and it asks me to buy 40k Usual. Do I need to sacrifice 40k or 50k?Blo Finc
@Mr. Lin
Lucasโก
@Mr. Lin How often do numbers like 0.0009 change? every 7days?
Blo Finc
Can you confirm my question Lin? Suppose I have 10k Usual and it asks me to buy 40k Usual. Do I need to sacrifice 40k or 50k?
Also, I have a certain balance of Usual already and it asks me to buy a certain amount. Is the total that I need to sacrifice current amount + tokens I need to buy?
Or is that amount shown in total?Mr. Lin
If you're referring to early redemption then yes ๐๐ผ
Yes, you receive exposure to susde yield which includes sats - the proportion of those yields are yet to be announced, stay tuned serBlo Finc
Sweet
Mr. Lin
Yes, you receive exposure to susde yield which includes sats - the proportion of those yields are yet to be announced, stay tuned ser
Also, I have a certain balance of Usual already and it asks me to buy a certain amount. Is the total that I need to sacrifice current amount + tokens I need to buy?
Or is that amount shown in total?The nature of iusd0++ allows users to earn usd0++ rewards and a portion of susde rewards ser. As of how the tvl is determined, I have asked the team to explain on this (as the partnered up users have asked above).Blo Finc
Also, I have a certain balance of Usual already and it asks me to buy a certain amount. Is the total that I need to sacrifice current amount + tokens I need to buy? Or is that amount shown in total?
Lucasโก
okay please tag me
Mr. Lin
๐ซก
The nature of iusd0++ allows users to earn usd0++ rewards and a portion of susde rewards ser. As of how the tvl is determined, I have asked the team to explain on this (as the partnered up users have asked above).Blo Finc
What about Ethena sats? Do we also earn that?
Lucasโก
not ready yet?
will the volume of iUSD0++ be calculated as a part of USD0 TVL? as the blog said the underlying assets of iUSD0++ is sUSDE not USD0++Mr. Lin
The nature of iusd0++ allows users to earn usd0++ rewards and a portion of susde rewards ser. As of how the tvl is determined, I have asked the team to explain on this (as the partnered up users have asked above).
Einzig
wtf? then why it earn USUAL as rewards as it not contribute to USD0 TVL?
will the volume of iUSD0++ be calculated as a part of USD0 TVL? as the blog said the underlying assets of iUSD0++ is sUSDE not USD0++Mava (AI Support)
The volume of iUSD0++ will not directly be part of USD0 TVL since the underlying assets of iUSD0++ are sUSDe. The iUSD0++ vault allows users to gain exposure to sUSDe while still earning USUAL rewards as if holding USD0++. Therefore, the TVL of USD0 is separate from the iUSD0++ vault.
Mava AI BetaEinzig
will the volume of iUSD0++ be calculated as a part of USD0 TVL? as the blog said the underlying assets of iUSD0++ is sUSDE not USD0++
kin
How the usual and usd 0 reward be collected?
Mr. Lin
the projected rewards is on a monthly basis ser.
Mr. Lin
As it is distributed directly to your wallet, it will happen after the end of epoch ser
Mr. Lin
Would you kindly open a ticket so our team can have a look at your issue ser
Camel
@Mr. Lin when will the first USD0 yield be dropped for the usualx holders
Mystiq
so im forced to lose a lot of money for staking
Mystiq
so if i unstaked 1 week ago, i would of got 100% back, now i only get 90% back, my mums admitted to hospital over the weekend and i need some money, it mentions this was always the case but it happened 1 week ago?
Eindbaas
hmm, iv holded full amount for nearly 20days, removed all, but shows i will get 0 tokens
Eindbaas
that sounds abit weird, since claim is the 18th for the first 1/6th part
when will the "snapshot" be taken for the usd0++ i need to hodl to get 1/6th part of the vested airdrop?Mr. Lin
I believe it's on a time weight average basis ser.
when will the "snapshot" be taken for the usd0++ i need to hodl to get 1/6th part of the vested airdrop?Eindbaas
when will the "snapshot" be taken for the usd0++ i need to hodl to get 1/6th part of the vested airdrop?
Lucasโก
And please also let me know which interest rate and price were used in the formula this time.
Mr. Lin
Kindly refer to this message for the changes happened this week
Mr. Lin
https://discord.com/channels/1106588534871179280/1107144153076347022/1327209659278430218
Mystiq
how long do i have to wait?
susi545
maybe 1.52b tvl included all staked not only usdo++
Let me ask more specifically. Iโd like to know the applied interest rate and the applied USUAL price. If the current APY is 25% and the USUAL price is $0.55, then the maximum number of USUAL required to redeem 1 USD0++ would be calculated as follows:
(25% * 0.5 year) / 0.55 = 0.2272.
Could you confirm if this calculation method is correct, or let me know the exact formula used for this computation? Please don't say it's complicated.Mr. Lin
Let me get back to you on this ser
Let me ask more specifically. Iโd like to know the applied interest rate and the applied USUAL price. If the current APY is 25% and the USUAL price is $0.55, then the maximum number of USUAL required to redeem 1 USD0++ would be calculated as follows:
(25% * 0.5 year) / 0.55 = 0.2272.
Could you confirm if this calculation method is correct, or let me know the exact formula used for this computation? Please don't say it's complicated.Usual
Well, I assume it would depend on several factors but it was likely determined by the tokenomics team w/ regards to emission limits, testing and simulation results, and market behaviorLucasโก
Let me ask more specifically. Iโd like to know the applied interest rate and the applied USUAL price. If the current APY is 25% and the USUAL price is $0.55, then the maximum number of USUAL required to redeem 1 USD0++ would be calculated as follows: (25% * 0.5 year) / 0.55 = 0.2272. Could you confirm if this calculation method is correct, or let me know the exact formula used for this computation? Please don't say it's complicated.
Mr. Lin
USD0 is a stablecoin.
can someone explain why theres 9% slippage from withdrawing USD0 from CurveFi? do i have to wait for something?Mr. Lin
Currently the secondary market for USD0++ is not 1:1 basis w/ USD0 ser.
Usual
Mystiq
isnt it meant to be a stable coin?
can someone explain why theres 9% slippage from withdrawing USD0 from CurveFi? do i have to wait for something?Mava (AI Support)
The 9% slippage when withdrawing USD0 from CurveFi could be due to low liquidity in the pool or high volatility at the time of withdrawal. Slippage occurs when there is a difference between the expected price of a trade and the actual price. To minimize slippage, you might consider waiting for the market to stabilize or for liquidity to improve in the pool.
Mava AI BetaMystiq
can someone explain why theres 9% slippage from withdrawing USD0 from CurveFi? do i have to wait for something?
Mr. Lin
Well, I assume it would depend on several factors but it was likely determined by the tokenomics team w/ regards to emission limits, testing and simulation results, and market behavior
In the early redemption document's context, ๐๐ก is explicitly stated as 0.0009 USUAL per USD0++ per day.Lucasโก
I was asking how the number 0.0009 was calculated.
@Mr. Lin For early redemption, what percentage was used to calculate 'the current USUAL rewarded per USD0++' this time?Mr. Lin
In the early redemption document's context, ๐๐ก is explicitly stated as 0.0009 USUAL per USD0++ per day.
Lucasโก
@Mr. Lin For early redemption, what percentage was used to calculate 'the current USUAL rewarded per USD0++' this time?
Lucky Boy
Thanks
Mr. Lin
but I heard we do have plans for that ser
Mr. Lin
Obviously I can't disclose too much until it is confirmed...
Lucky Boy
Its a question mr lin lol? Please confirm or deny loool
Whhiskyy
What is usual og lol, old user or early investors/team members?
Hi Mr Lin - here's some constructive feedback: please work with great urgency on integrating USD0/++ with DeFi. USD0 isn't usable anywhere with any major dapp at the moment. Get a llama lend market(curve eco), Aave, Fluid, get on some L2s (Arbi, OP, Base). This is how you build sticky liquidity. USD0 as of today has almost 0 integrations with anything. Feels like an islandMr. Lin
Appreciated it ser, we have plans and projects in our pipeline that will expand the usecases of USD0 in the coming consecutive weeks. Please stay tuned.
For those who provide constructive feedbacks, I have relayed those back to the team, and they have been listening to those.Camel
Hi Mr Lin - here's some constructive feedback: please work with great urgency on integrating USD0/++ with DeFi. USD0 isn't usable anywhere with any major dapp at the moment. Get a llama lend market(curve eco), Aave, Fluid, get on some L2s (Arbi, OP, Base). This is how you build sticky liquidity. USD0 as of today has almost 0 integrations with anything. Feels like an island
Mr. Lin
๐
You sure y'all not partners or some kind?
abarev1905
its obvious he just want to relish his anger because he lost money
Mr. Lin
He made his point and I've already relayed the question to the team ๐
abarev1905
please stop reply to this guy already. we need healthy community member Ser
xun2x
Make a healty community here Ser. Healty mind
If you're unsure of whether the user is part of the team or not, you can always check the tags on the users.xun2x
Meaning you are usual team. But you dont know your website show a real time TVL or not.
Mr. Lin
Be wary of scammers who approach you - check their tags if need be.
xun2x
Are you usual team ?
Mr. Lin
The statement I made was based on the official information presented on the dAPP.
xun2x
Please do it ASAP, dont make a statement if you dont know. Are you part of team Usual ?
I'm loss now, but I dont encourage other people to enter, so I can get out without loss. It is not a healthy mind
Mr. Lin
If there is indeed an issue with our dAPP, it should be adjusted ASAP.
xun2x
People need the truth. It is healty community
Mr. Lin
Will need to verify with the team with the discrepancy, I'll relay the question to the team.
The early unstaking mechanism has been a planned mechanism, but I understand we could have improved the way we communicated and implemented the functions.
Jim
Again, I wasn't a holder of USD0++ since I saw red flags with the whole operation. But seriously, pulling the floor out on users with no advance warning is one of the worst things I've seen. If you didn't mean to be misleading, then you could have given people a couple days of notice?
xun2x
Are you wrong or I'm wrong regarding TVL Ser ?
Whhiskyy
Yeah atm itโs maximum fee and itโs probably going to stay there for some time, if you want out better just to do it on secondary.
Have they been? Seems like they don't care much about the users and have lost the trust of the communityMr. Lin
The early unstaking mechanism has been a planned mechanism, but I understand we could have improved the way we communicated and implemented the functions.
xun2x
Is it real time ?
Jim
according to what? The website metric is incorrect
Mr. Lin
False, our TVL has maintained at ~1.52B right now.
For those who provide constructive feedbacks, I have relayed those back to the team, and they have been listening to those.Jim
Have they been? Seems like they don't care much about the users and have lost the trust of the community
Kaleo
Fee to high
Mr. Lin
For those who provide constructive feedbacks, I have relayed those back to the team, and they have been listening to those.
GM ser - I believe the market will observe and find their arbitrage opportunities. From this point onward, our mission is to focus our expansion of our USD0 usecases and revenue stream.xun2x
Correct. TVL $1.31 Billion down
Be careful and don't be the bagholder. The market is trying to exit and TVL will be a straight line downMr. Lin
GM ser - I believe the market will observe and find their arbitrage opportunities. From this point onward, our mission is to focus our expansion of our USD0 usecases and revenue stream.
xtreme11
so dont unstake
kalamu
anyone knows?
Mava (AI Support)
Currently, the Early Redemption feature, which allows you to unstake USD0++ by burning USUAL, is not live yet. You can freely unstake USD0++ at an almost 1:1 rate without burning USUAL. For more details, you can check the Usual app or documentation for updates on when this feature will be available.
Mava AI Betakalamu
how to unstake USD0++ to burn Usual? I did not see any page or section of it
Azzam
Anyone here already do early redeem?
If you think there is a bag holder you don't understand the protocol. Worst case scenario USUALx earns 5M a month for 4 years. USD0++ goes to $1 in 4 years. This wouldn't be great but there is a lot worse bag holding in crypto.fredchan17999
They told this project is "ponzi", but they want to be rich in short-term like "ponzi" in their mind
Be careful and don't be the bagholder. The market is trying to exit and TVL will be a straight line downCortina
If you think there is a bag holder you don't understand the protocol. Worst case scenario USUALx earns 5M a month for 4 years. USD0++ goes to $1 in 4 years. This wouldn't be great but there is a lot worse bag holding in crypto.
Peter Pan
@Noรฉ Hi sir, similar questions, is the TVl shown on dapp is calculated on floor price or market price of usd0++? ( and the apy of usd0++) looking forward to your answer.
Mava (AI Support)
The TVL (Total Value Locked) of USD0++ is influenced by both the floor price and the market price. The floor price provides a minimum value for redemption, while the market price can fluctuate based on supply and demand dynamics. References: 1
Mava AI BetaAzzam
How many month until USD0++ maturity to get redeem 1:1 ?
Peter Pan
TVL is based one the floor price or market price of usd0++?
Mava (AI Support)
The Total Value Locked (TVL) is primarily calculated based on USD0++, which represents the total supply of USD0. It does not explicitly mention including USUALx in the TVL calculation.
Mava AI BetaPeter Pan
is TVL calculated by usd0++๏ผ dose that include usualx๏ผ
Cortina
It's so annoying because the reason the short term farming was good was because long term people werent selling and/or were buying USUALx. You liked it while long term people propped up the price and you dumped. Can't have it both ways.
I say this as someone who had no exposure to the token, and is only here to arb the USD0++ redemption. Get out while you can. Its clear they are not looking out for you, and will take any opportunities to extract value from users. Don't be the bagholder.Jim
Be careful and don't be the bagholder. The market is trying to exit and TVL will be a straight line down
I don't buy the bearishness. Reality is this protocol requires adoption of USD0 and long term players in USD0++. Anyone who is mad or bearish is either operating short term or was aggressively leveled or both. No judgement for being short term minded or using leverage, it often works well in crypto. But this project was never designed for short term farming. The attacks on team are stupid, they only succeed if TVL grows and the only way TVL can grow is if USD0++ trades to $1. Why people holding USD0++ come in here with toxic commentary difficult to understand. You should be encouraging people to buy discounted USD0++ so you can get out at a better price.fredchan17999
Ya, instead of buying "discounted" USD0++ and get more rewards after locking 4 years, they want to be rich quickly and leave the project whenever they want after that, left real investors behind. Haha, it's the "fact" and the "fair" they want ๐ super funny ppl
I don't buy the bearishness. Reality is this protocol requires adoption of USD0 and long term players in USD0++. Anyone who is mad or bearish is either operating short term or was aggressively leveled or both. No judgement for being short term minded or using leverage, it often works well in crypto. But this project was never designed for short term farming. The attacks on team are stupid, they only succeed if TVL grows and the only way TVL can grow is if USD0++ trades to $1. Why people holding USD0++ come in here with toxic commentary difficult to understand. You should be encouraging people to buy discounted USD0++ so you can get out at a better price.xun2x
People talk the truth here
I say this as someone who had no exposure to the token, and is only here to arb the USD0++ redemption. Get out while you can. Its clear they are not looking out for you, and will take any opportunities to extract value from users. Don't be the bagholder.ravished
That makes zero sense for the team, they only have 10% of the project and its vested. Their incentives are to grow TVL and the price of usual. You clearly don't understand this project.
Cortina
I don't buy the bearishness. Reality is this protocol requires adoption of USD0 and long term players in USD0++. Anyone who is mad or bearish is either operating short term or was aggressively leveled or both. No judgement for being short term minded or using leverage, it often works well in crypto. But this project was never designed for short term farming. The attacks on team are stupid, they only succeed if TVL grows and the only way TVL can grow is if USD0++ trades to $1. Why people holding USD0++ come in here with toxic commentary difficult to understand. You should be encouraging people to buy discounted USD0++ so you can get out at a better price.
Lucasโก
@Noรฉ For early redemption, what percentage was used to calculate 'the current USUAL rewarded per USD0++' this time?
xun2x
It is a good buy for people not in trap before
I say this as someone who had no exposure to the token, and is only here to arb the USD0++ redemption. Get out while you can. Its clear they are not looking out for you, and will take any opportunities to extract value from users. Don't be the bagholder.Cortina
Translation: I'm here to buy USD0++ as cheaply as possible, recommend you sell your USD0++
sebastiantf
i need to know how long it will take to generate the required USUAL
ViNc
Hello, Usual Team, I am Pendle's eco CN community ambassador, will you be adding bribes to Penpie and Equilibria this week? EQB's bribe round will be closing in less than 6 hours ... I think it is beneficial to continue offer bribes to boost Pendle pools APY for your USD0++ farmers. Thanks!
is there a calculator how long it will take to generate the required USUAL tokens for early redemption with my current stake at the current apyMava (AI Support)
You can simulate the amount of USUAL tokens required for early redemption using the dApp. This will help you understand how much USUAL you need based on your current stake and the redemption mechanism. Reference: 1
Mava AI Betasebastiantf
is there a calculator how long it will take to generate the required USUAL tokens for early redemption with my current stake at the current apy
Mava (AI Support)
USUALx rewards are calculated at each block but are updated on the UI daily. The compounding is technically at each block, but for practical purposes, it is considered daily compounding.
Mava AI Beta
ansasexx
what is the frequency/mechanism behind usual x daily compounding of usual tokens?
I say this as someone who had no exposure to the token, and is only here to arb the USD0++ redemption. Get out while you can. Its clear they are not looking out for you, and will take any opportunities to extract value from users. Don't be the bagholder.ravished
Arbing the redemption?
I say this as someone who had no exposure to the token, and is only here to arb the USD0++ redemption. Get out while you can. Its clear they are not looking out for you, and will take any opportunities to extract value from users. Don't be the bagholder.
sebkim
could you explain how you plan on arbing the redemption?
ravished
@Mava (AI Support) if the price of usual goes up what happens to the apy for usd0++?
Jim
I say this as someone who had no exposure to the token, and is only here to arb the USD0++ redemption. Get out while you can. Its clear they are not looking out for you, and will take any opportunities to extract value from users. Don't be the bagholder.
sebkim
I will hold out to see what happens
chillout
what will affect the apy for usd0++
ravished
iUSD0++ is going to be a hot LP
fredchan17999
It's "early" redemption, you obviously have to pay penalties. The project cares about long-term investors and protects them, it's reasonable.
sebkim
ah thanks!
does anyone thing the iUSD0++ vault will create buy pressure for the USD0++ pool and increase the price up further. Wouldn't people want to buy USD0++ to lock, thus increasing price?Mava (AI Support)
The introduction of the iUSD0++ vault is designed to enhance the composability of USD0++ and provide additional yield opportunities. This could indeed create buy pressure as users may want to acquire USD0++ to deposit into the vault and earn rewards. As more users buy USD0++ for these benefits, it could potentially increase the price due to higher demand.
Mava AI Betasebkim
does anyone thing the iUSD0++ vault will create buy pressure for the USD0++ pool and increase the price up further. Wouldn't people want to buy USD0++ to lock, thus increasing price?
Jim
how much of that TVL is trying to get out lmao
sebastiantf
but for the users who just want to get out after the drama, they dont care
ravished
FDV/TVL is 1.4
KBG89
A mechanism to force upward pressure on the usual token.
ravished
For now
Mava (AI Support)
The 1:1 unstake feature allows users to redeem USD0++ for USD0 on a 1:1 basis before the end of the locking period by contributing USUAL tokens. This mechanism provides flexibility for users who wish to access their funds earlier than the standard locking period. The requirement to use USUAL tokens is part of the protocol's design to incentivize holding and using USUAL within the ecosystem.
Mava AI BetaKBG89
The market thinks otherwise
sebastiantf
whats the whole point of 1:1 unstake if i have to buy USUAL??
ravished
Makes no sense to sell usual
Lol except the Usual token is down only. Imagine getting hundreds of % in APY paid in Usual. You don't think that's going to create downward pressure on the token?ravished
You get paid in usd0 off revenues from USYC
KBG89
Couple that with a community that feels as if they've been duped with the USD0++ liquidity trap. I personally lost 30k but sold and am done.
KBG89
Lol except the Usual token is down only. Imagine getting hundreds of % in APY paid in Usual. You don't think that's going to create downward pressure on the token?
I staked 800K in USD0++, earned 25K ($16K) in Usualx. Now I want to unstake but loose $70K or cost me 129K in Usual, which is about 70K. I basically got rug pulled for $54K. I borrowed this 800K from Aave in USDS for 8% apy. Clearly not worth the arbitrage I had calculated. Anybody thinks that iUSD0++ will bring up the price of USD0++? Also, why wasn't USD0++ valued at .82 to begin with? There would have made more sense from the getgo.ravished
If you stake your usual emissions they may cover your aave expenses in the long run
Mava (AI Support)
Early unstaking allows users to redeem their USD0++ before maturity by burning accumulated USUAL tokens. While the cost might be similar to the market rate, it provides a guaranteed 1:1 redemption on the primary market, offering a secure option if market conditions are unfavorable. Reference: 1
Mava AI Betaxun2x
what is the meaning early unstake if it cost just on par with market
Jim
I'm used to playing pvp games in crypto but this is the first time I am pvping against the team. And I am losing!
Lucasโก
@Noรฉ For early redemption, what percentage was used to calculate 'the current USUAL rewarded per USD0++' this time?
xun2x
I dont know which announcement and I dont know the detail of your message
xun2x
Just put an explanation here
Very true. Why start from 1 and in the middle they cut to 0.87, usd0++ is usd0 + yield, nothing else. Usd0++ should price above usd0 (stablecoin)Noรฉ
Please refer to our previous announcements sir
I staked 800K in USD0++, earned 25K ($16K) in Usualx. Now I want to unstake but loose $70K or cost me 129K in Usual, which is about 70K. I basically got rug pulled for $54K. I borrowed this 800K from Aave in USDS for 8% apy. Clearly not worth the arbitrage I had calculated. Anybody thinks that iUSD0++ will bring up the price of USD0++? Also, why wasn't USD0++ valued at .82 to begin with? There would have made more sense from the getgo.xun2x
Very true. Why start from 1 and in the middle they cut to 0.87, usd0++ is usd0 + yield, nothing else. Usd0++ should price above usd0 (stablecoin)
I staked 800K in USD0++, earned 25K ($16K) in Usualx. Now I want to unstake but loose $70K or cost me 129K in Usual, which is about 70K. I basically got rug pulled for $54K. I borrowed this 800K from Aave in USDS for 8% apy. Clearly not worth the arbitrage I had calculated. Anybody thinks that iUSD0++ will bring up the price of USD0++? Also, why wasn't USD0++ valued at .82 to begin with? There would have made more sense from the getgo.Dave.race
๐ข Sorry for you, man
sebkim
I staked 800K in USD0++, earned 25K ($16K) in Usualx. Now I want to unstake but loose $70K or cost me 129K in Usual, which is about 70K. I basically got rug pulled for $54K. I borrowed this 800K from Aave in USDS for 8% apy. Clearly not worth the arbitrage I had calculated. Anybody thinks that iUSD0++ will bring up the price of USD0++? Also, why wasn't USD0++ valued at .82 to begin with? There would have made more sense from the getgo.
@Noรฉ Hi sir, the APY of usd0++ shown on dapp, the calculation is based on the usd0++amt * floor price ? or is based on the usd0++amt*1 ?Noรฉ
Not sure if itโs floor or market price - have to double check
Peter Pan
@Noรฉ Hi sir, the APY of usd0++ shown on dapp, the calculation is based on the usd0++amt * floor price ? or is based on the usd0++amt*1 ?
didida
Where can I see the current unlocking requirements?
้ๅๅฎฝ่กฃ๏ผusual code U7GWE๏ผ
@Noรฉ Could you explain about the "11%" part in the example?
It can be said that the probability of a large increase in the number of required customs will not occur, right?Noรฉ
Theoretically correct, unless rewards rate become a lot higher than currently
Mello.eth
It can be said that the probability of a large increase in the number of required customs will not occur, right?
Noรฉ
Not necessarily, if outflows stay high itโll stay the same, more or less
The official website writes: The amount to be burned is calculated based on the current unlocking demand. Does this mean that the higher the unlocking demand, the higher the burning amount?Mava (AI Support)
Yes, the amount of USUAL tokens required for redemption is influenced by the current unlocking demand. As more redemptions occur, the cost in USUAL tokens is designed to increase until it reaches a capped amount, which is based on the current rewards rate. This mechanism ensures that the burning amount can vary depending on the demand for unlocking.
Mava AI Betadidida
The official website writes: The amount to be burned is calculated based on the current unlocking demand. Does this mean that the higher the unlocking demand, the higher the burning amount?
Usual
Mello.eth
So to ask a direct question, this value will only become smaller, right?
Noรฉ
Correct, I was just answering in a general manner
0.3% weekly limit is a joke man. Hope they increase the limit to 3-5% atleast for the first few weeksNoรฉ
Sir, youโve already said that multiple times, we understood ๐ซก
DV
didnt you say that at start it would be lowest fee?
Blo Finc
0.3% weekly limit is a joke man. Hope they increase the limit to 3-5% atleast for the first few weeks
Noรฉ
Itโs currently the max fee - outflows are based on past 7 days
Mello.eth
So how many days does the change take?
@Noรฉ Excuse me, the number of usual tokens required for redemption should change now, right? Maybe next week or month the number will be different from now?Noรฉ
Correct, it changes depending the on the different parameters
Mello.eth
@Noรฉ Excuse me, the number of usual tokens required for redemption should change now, right? Maybe next week or month the number will be different from now?
Wonder why a floor price of 0.87 instead of something higher than say 0.95 was better? Since the team can redeem 4 year treasuries at 0.995 or something, it would still be very healthy and profitable for the protocol. At current situation, everyone feels trapped which isn't good for the project to actually growing term since hate is never good.
Setting a weekly limit of 0.3% instead of something between 3-5% supply was a nail in the coffin as wellMava (AI Support)
The floor price of 0.87 USD0 per USD0++ is set to reflect the expected revenue the DAO would earn until USD0++ matures. This mechanism is designed to balance liquidity needs with the protocolโs sustainability, ensuring that the DAO retains the projected future revenue forfeited by users opting for early redemption. The floor price is calculated using Federal Reserve interest rates and is set manually for now, but it will evolve into an automated, on-chain process as oracles integrate dynamic rate data. Over time, the price floor will converge toward 1, aligning with the protocolโs maturity date. This approach safeguards USUALโs value and ensures USD0++ yields remain robust, rewarding long-term ecosystem participants while providing liquidity options for others. References: 1
Mava AI BetaBlo Finc
Wonder why a floor price of 0.87 instead of something higher than say 0.95 was better? Since the team can redeem 4 year treasuries at 0.995 or something, it would still be very healthy and profitable for the protocol. At current situation, everyone feels trapped which isn't good for the project to actually growing term since hate is never good. Setting a weekly limit of 0.3% instead of something between 3-5% supply was a nail in the coffin as well
Saham Cobra (Zealy)
01/14/2025 at 22:02:55 ESTdev tp max?
alluring_sparrow_79038
what it means๏ผ
Noรฉ
Hi, it is
fredchan17999
For USD0 reward, u check on Earn page
fredchan17999
You can simulate unstake on Swap page, or go to debank to see your compounded USUAL amount
KingArthur
go to swap > chg it to unstake > choose usualx > max your usualx > then check yr output. thats how many usual u get currectly
fredchan17999
Bro, when u stake USUALX, you will get - USUAL amount immediately start to compound until you unstake (with 10% fee) - USD0 rev-switch every weekend (sent directly to ur wallet) I recommend u to check troubleshooting channel to dive into the docs
Usual
IChronos
and where can i see the reward???
oki
Don't know, vault live next week
Mava (AI Support)
Your USUALx stake will start accruing rewards almost immediately. However, you will only be counted for the next epoch, which typically starts weekly.
Mava AI Beta
Somni
Will my stake usualx started accuring next week or next month???
fredchan17999
Will be next week epoch, that's mean u will receive rev switch reward on next weekend. This week snapshot was taken on Monday already
Somni
If I stake usualx now, when will my revenue switch reward started accure? Next monday?
Einzig
is there any possibility that I will receive less USD0++ when I withdrawal from iUSD0++?
FlapJackson
Is the Usual Bera vault closed for new deposits? Got my USDC back, but willing to swap it to USDO++ now and redeposit
asdfc834289
What about PTs within an LP position?
@oki bro Can I deposit susde directly into iUSD0++๏ผor I must swap them into USD0++ to deposit?oki
Deposit with usd0++ only
asdfc834289
How much do PTs count towards the holding requirement for the 6 month airdrop vesting?
Einzig
@oki bro Can I deposit susde directly into iUSD0++๏ผor I must swap them into USD0++ to deposit?
@Labrin๐ธ๐น@quant_sheep @Mr. Lin I dnt understand the "11%", could you give a clear explaination?
Candy Factory
Yeah how did they come up with 11%
oki
If i don't understand i wouldn't put my money in usual lol. I also don't have to explain in detail, because I'm not part of the team or mod
xun2x
I think you dont understand
oki
I already said it above, and why you don't want to read the details in the docs?
Candy Factory
Is the early redemption not live yet?
xun2x
You just need to say wrong or right
Madmax
01/14/2025 at 21:05:02 ESTUseless token always ๐๐
oki
Read this https://docs.usual.money/usual-products/usd0-liquid-staking-token
USD0++ is a staked version of USD0 for 4 years, functioning as LST with USD0 as a principal
Not the same as susde, and its function also not the samexun2x
Usd0++ = usd0 + yield. Is it wrong or true ?
้ๅๅฎฝ่กฃ๏ผusual code U7GWE๏ผ
IDK why you guys @ that mfker, obvisouly he is neither ambassador nor team member
@BingChilling, usd0 is stablecoin. Usd0++ is a stake usd0. When it stake there is yield component as reward. In simple logic why usd0++ price below usd0 ? Have you see sUsde price below usde ?
Usd0++ = usd0 + yield
This a very simple quotation for this high tech defi product.
Will team will cut the price again to other number ?oki
USD0++ is a staked version of USD0 for 4 years, functioning as LST with USD0 as a principal Not the same as susde, and its function also not the same
SwEePer
TVL Going Down to 1,2B
Anonymous Apea
why I need to burn 6 months usual for early- unstake? I just staked usd0++ 20 days ago @BingChilling
xun2x
@BingChilling, usd0 is stablecoin. Usd0++ is a stake usd0. When it stake there is yield component as reward. In simple logic why usd0++ price below usd0 ? Have you see sUsde price below usde ? Usd0++ = usd0 + yield This a very simple quotation for this high tech defi product. Will team will cut the price again to other number ?
moonryu
is Usual Bera Vault deposit still available? don't see the option to deposit on website @Adli @Magicking @Mr. Lin
"Contributed $USUAL tokens are either burned (33.33% of contributions) or redistributed (66.67% of contributions) to long-term holders through $USUALx and $USUAL" So, as USUAL is cliffed now, all redistributed USUAL will belong to USUALx?Mava (AI Support)
Yes, since USUAL is currently cliffed, the redistributed USUAL tokens will belong to USUALx holders. USUAL holders will not receive these distributions until the cliff period ends.
Mava AI Beta
Einzig
"Contributed $USUAL tokens are either burned (33.33% of contributions) or redistributed (66.67% of contributions) to long-term holders through $USUALx and $USUAL" So, as USUAL is cliffed now, all redistributed USUAL will belong to USUALx?
FlyingArrowz
oh wow thanks @Noรฉ for explaining everything. Just read through and will be holding my usd0++ a while lol, rolling it into the next PT when 30 jan expires. initial comms by the team wasn't that good, but great you are addressing everything here.
I do feel team need a better explanation to help ppl understanding about this mechUsual
้ๅๅฎฝ่กฃ๏ผusual code U7GWE๏ผ
I do feel team need a better explanation to help ppl understanding about this mech
Z33
Until maturity means 4 years. You can redeem 1:1 before that by paying a certain amount of USUAL tokens as penalty. When you go to the early unstaking option it'll tell you exactly how much
Mava (AI Support)
Yes, holding your USD0++ until maturity allows you to redeem it for USD0 at a 1:1 ratio without any penalties. However, if you choose to redeem early, you may need to pay in $USUAL tokens depending on the time before maturity and other factors.
Mava AI BetaAzzam
I just need to hold my USD0++ for 5 month until maturity to redeem for 1:1 USD0?
BingChilling
lol i've seen it actually that's why i farm usual instead. do you actually have real opinion ? hype leader don't milk users are you for real is this not from CT pysops? at what metric u said that ? the only way you farm token is. 1) prep trading. 2) HLP every liquidation long/short will be hype leader profit and LPers staking: if we see at staking metric you only earn 2% apr and it is not LST you can restake into pendle or vault or morpho etc hlp: it was 12% more apy if people prep trading more that's predatory lol it's still better you farm curve pool more apy allocation: literally team has 30% of total supply vs 10% from usual. at what metric hype leader is not milking users, i'm geniunely want to know
fexsgolar
and why dashboard is showing zero rewards for USD0++ position?
hi team, can't figure out why I'm getting 10 time less rewards for YT USD0++ position. It was around 100 token per day, now it's 17 tokens. Is it UI bug or did reward distribution changed?Mava (AI Support)
The decrease in rewards for your YT USD0++ position could be due to changes in the underlying yield or the minting factor, which can vary constantly. This can lead to fluctuations in the rewards you receive. It's not necessarily a UI bug, but rather a reflection of the dynamic nature of the reward distribution system.
Mava AI Betafexsgolar
hi team, can't figure out why I'm getting 10 time less rewards for YT USD0++ position. It was around 100 token per day, now it's 17 tokens. Is it UI bug or did reward distribution changed?
Usual
SAIF M0D
01/14/2025 at 18:33:09 ESTAnyone here If you are having a problem and need my assistance or help in this project. I will never dm you first take note! If you are interested send me a DM.
DV
YT is next level rekt though
yes usd0++ because better yield.
if HLP can back to it's peak i will not be here lol.
i just trade inefficiency and huge APY that i know the risk.LukeOnChain
01/14/2025 at 18:29:07 ESTSo good luck then ๐ Hope you make the most money out of it. USUAL was on of my best trades so far (via YT pendle). Great narrative, good execution till the overnight FP Change, but I need my stables liquid ๐
i think andrew tate is right, imagine if the team keep USD++o redemable at 1:1 with %100 apy i think usual price will be more than $2
andrewdubai
I farmed before for pills without knowing the future token allocation. that's my point
fab1440
because people love ponzi
i think andrew tate is right, imagine if the team keep USD++o redemable at 1:1 with %100 apy i think usual price will be more than $2
dreamsee
Trapped ๐
yes it's a good tokenomics, I like the model and I think it's better than other. I don't understand why they decided this move. why they didnt give the opportunity to farm directly usualX so we don't have to compound manually? and in this way you achieve the same objective. good farmers without dumpravished
there is almost $20 million in the treasury, usual stakers will be able to vote on what to do with it. I would hold onto your usual emissions, if the price heads back to $1.5 you will probably make up the difference in your emissions instead of burning them. The tokenomics favor the long term investor.
kiratsunami
usual is not usualX is a governance token and a yield bearing one Usual is a reward token, there is a huge differrence ...
tbh it's a good idea to farrm directly UsualX
it will help the price to go higher and higher
but I think the main idea here is that Usual is some sorrt of a currency inside the prrotocol that you can do things with it
reedem UsualX, usd0++
mint UsualX
just like Ether coin is in ehterruemravished
its also a governance token and a yield baring token, its better than crv
kiratsunami
I'm not part of the team ... I'm just a mere user like you ^^
tbh it's a good idea to farrm directly UsualX
it will help the price to go higher and higher
but I think the main idea here is that Usual is some sorrt of a currency inside the prrotocol that you can do things with it
reedem UsualX, usd0++
mint UsualX
just like Ether coin is in ehterruemDV
Wanna price higher? Make usd0++ floor to 0.1 and demand 10x more usual to redeem ๐
yes it's a good tokenomics, I like the model and I think it's better than other. I don't understand why they decided this move. why they didnt give the opportunity to farm directly usualX so we don't have to compound manually? and in this way you achieve the same objective. good farmers without dumpravished
you don't need to farm Usual you can just stake it, the beauty is in its simplicity. USD0 has to be locked to protect the revenues and TVL. The team will take care of USD0++ with inovative and high yield farms. The point is we need to work together to grow TVL not fight amoungst ourselves. I also have USD0++ and a bunch of staked Usual.
tbh it's a good idea to farrm directly UsualX
it will help the price to go higher and higher
but I think the main idea here is that Usual is some sorrt of a currency inside the prrotocol that you can do things with it
reedem UsualX, usd0++
mint UsualX
just like Ether coin is in ehterruemUsual
yes it's a good tokenomics, I like the model and I think it's better than other. I don't understand why they decided this move. why they didnt give the opportunity to farm directly usualX so we don't have to compound manually? and in this way you achieve the same objective. good farmers without dumpkiratsunami
tbh it's a good idea to farrm directly UsualX it will help the price to go higher and higher but I think the main idea here is that Usual is some sorrt of a currency inside the prrotocol that you can do things with it reedem UsualX, usd0++ mint UsualX just like Ether coin is in ehterruem
ravished
Sit back and enjoy 10x what a rental property would give you
They are paying 100% of the revenue earned from locked USD0++ to usual stakers. You are earning usual emissions from your USD0++, so stake it and you will earn revenue from your locked USD0++. Its excellent tokenomicsandrewdubai
yes it's a good tokenomics, I like the model and I think it's better than other. I don't understand why they decided this move. why they didnt give the opportunity to farm directly usualX so we don't have to compound manually? and in this way you achieve the same objective. good farmers without dump
dreamsee
How to do early redemption? Canโt find it on the app
TVL will grow, the liquidity in the pool will increase, and there will be yield on top of a usual emissions and the usual price will increase. in my opinion anyone exiting USD0++ today will regret it.
Investus
What about UsualX?
ravished
They are paying 100% of the revenue earned from locked USD0++ to usual stakers. You are earning usual emissions from your USD0++, so stake it and you will earn revenue from your locked USD0++. Its excellent tokenomics
Investus
What do you guys think about Usual price within 2025? Will we go to $1?
kiratsunami
you offed ppl all the time calling ppl names it's not even my intention tbh it's just reality take it or leave it
LukeOnChain
01/14/2025 at 18:15:33 ESTpurple vs. blue fight is very entertaining
TVL will grow, the liquidity in the pool will increase, and there will be yield on top of a usual emissions and the usual price will increase. in my opinion anyone exiting USD0++ today will regret it.andrewdubai
who is going to quit with this conditions?
ravished
TVL will grow, the liquidity in the pool will increase, and there will be yield on top of a usual emissions and the usual price will increase. in my opinion anyone exiting USD0++ today will regret it.
andrewdubai
if you start to offend we are going to talk in another way
doesn't matter, the perception is we are trapped and there are no option to get out with a big losskiratsunami
tbh I don't care about your perception I had more respect forr you earlier ... now in my eyes you are no longer a successful person just a noob with money
fab1440
you made your money from your job ( not crypto ) wich is great so please stick to your job
should not trust the protocol but I was working on something similar and the idea and the tokenomics was reviewed. what was missing is the timeline and the short notice for the change. also the floor price wasn't mention and I didn't expected a 0.87$ as target pricefab1440
back in the day UST went from $1 to $0.00 no one expected that so please stick to your job crypto is not for you
it's 100% his fault
he wasn't trapped
he is playing the victim card
every one who made an efforrt knew about itandrewdubai
doesn't matter, the perception is we are trapped and there are no option to get out with a big loss
Dave.race
And they did say Q1
should not trust the protocol but I was working on something similar and the idea and the tokenomics was reviewed. what was missing is the timeline and the short notice for the change. also the floor price wasn't mention and I didn't expected a 0.87$ as target priceDave.race
0.87 is the price from the interests compounding for 3.5 years.
andrewdubai
should not trust the protocol but I was working on something similar and the idea and the tokenomics was reviewed. what was missing is the timeline and the short notice for the change. also the floor price wasn't mention and I didn't expected a 0.87$ as target price
kiratsunami
it's 100% his fault he wasn't trapped he is playing the victim card every one who made an efforrt knew about it
Mava (AI Support)
The floor price for USD0++ is managed on-chain and can be updated by authorized admins. It might not be directly visible on your dashboard if it's not integrated into the user interface. You can check the floor price by accessing the smart contract details on the blockchain or through any platform that provides this information. If you need further assistance, please contact support. Reference: 1
Mava AI BetaI did? I can mention and show how many wallets are belong me and the users that follow my advice. more tahn 100M and I can prove what I am saying. the worst things is to get people in to my adviceravished
wait for the USD0++/USD0 incentives first
andrewdubai
in total more split in multiple wallets
kiratsunami
0.87
biyoshi
Where can i check the floor price? I dont see it on my dahsboard?
I did? I can mention and show how many wallets are belong me and the users that follow my advice. more tahn 100M and I can prove what I am saying. the worst things is to get people in to my advicekiratsunami
"are belong me" english is not yourr native langage
Kix
It would continue going gradually up though if this didn't happen
ravished
you said you had 7m.. do you have more than 17m?
@andrewdubai make money with the team growing TVL with growth in the crypto market and growth in market share or try and fight it. We all have the same choices here, its a strong team, they care about the long term and all the participants in the echo systemandrewdubai
I did? I can mention and show how many wallets are belong me and the users that follow my advice. more tahn 100M and I can prove what I am saying. the worst things is to get people in to my advice
famousfxck
ATH TVL was 1.89B$
andrewdubai
at peak was 1.6B, now more than 500M left and still reporting 1.53B
this is true. this is exacty our feeling, trapping users funds for getting degen rich ๐คฃfamousfxck
We makes each other rich
ravished
@andrewdubai make money with the team growing TVL with growth in the crypto market and growth in market share or try and fight it. We all have the same choices here, its a strong team, they care about the long term and all the participants in the echo system
this is true. this is exacty our feeling, trapping users funds for getting degen rich ๐คฃkiratsunami
wether you think I'm deggen or not the truth is that you werren't trrapped lmao ... you didn't write the WP so you deserrve it and I'm a user like you ^^
fab1440
Invest in me i will create Stable coin project similar to USUAL
Investus
What is the right TVL?
andrewdubai
this is true. this is exacty our feeling, trapping users funds for getting degen rich ๐คฃ
kiratsunami
for now you are ... and you are making us rrich
BingChilling
yes usd0++ because better yield. if HLP can back to it's peak i will not be here lol. i just trade inefficiency and huge APY that i know the risk.
yes i will not close my long at some point short r:r is not good for you.
because better r:r you might jsut short fartcoin at topfab1440
literally Michael saylor of $usual
yes i will not close my long at some point short r:r is not good for you.
because better r:r you might jsut short fartcoin at topandrewdubai
I am not dealing with shitcoin, I am not a gambler
famousfxck
Itโs correct check etherscan
it's better to move out the funds and farm out of this. what do you think if we can short the usual token in order to buy the amount needed and get out? it's sound legit if the mechanism is like this?ravished
you can short it at this low price, pay the funding fees, and take the risk the market moves against you. You could also stake usual, collect yield in USD0++ and Usual, you can farm the USD0++ in the new i pool, I would farm it and stake the usual emissions but thats me, you do you
kiratsunami
what is the true value of the TVL then ?
Mava (AI Support)
It seems there might be a discrepancy in the TVL reported in the UI. Could you please provide more details about where you are seeing this issue? This will help us investigate further. Meanwhile, I can report this to our technical team for a closer look.
Mava AI Betalonging to 1.2 to the current price is not smart as you said. are you continue to long it even if USUAL will be traded to some cents?BingChilling
yes i will not close my long at some point short r:r is not good for you. because better r:r you might jsut short fartcoin at top
andrewdubai
TVL is not right in the UI, still reporting 1.53B
what i'm said the best thing they can do is they delay L1 forever.
because once L1 there you get the same problem with L1
slow and expensive.
if they delay forever they will be dex forever with arbitrum bridgeLukeOnChain
01/14/2025 at 18:05:31 ESTah now i get your point. all your funds now in usual/usd0? but yeah, usual lost the trust with many users. Narrativ was great. Trust is gone. Hype leader don't milking the users. I am astonished that you don't want so see this. You have the comparison.
famousfxck
TVL is still very decent, but needs to increase asap
I do agree tho itโs a make it or break it moment for Usual
andrewdubai
longing to 1.2 to the current price is not smart as you said. are you continue to long it even if USUAL will be traded to some cents?
BingChilling
yeah next cycle you guaranted money you can fronrun btc year-1 halving which is 2027
my reasoning is, why I need to contribute with my funds to get people like you rich (or the perception to be rich)?ravished
everyone here has the same options, we are all in the same boat it just depends where you want to steer. If you hold your usual you benefit from the yield generated from USD0++ LST
BingChilling
it was -260% apy holding short every hour at peak. that's why i long lol
Investus
I meant 1-4 years:)
andrewdubai
the volume there is ridicoulus, just 6M on HL
BingChilling
bro 4 years next cycle no more supply. no need wait 14 years
kiratsunami
Funding rrates for Usual are so small .... and they want to short it lmao
famousfxck
Dude crazy funding wtfffff
Investus
The price will be better. Wait 1-4 years. We will see $10
kiratsunami
@andrewdubai I bought at 0.33 1.44 0.91 0.58 and I'm buying more and more and more
famousfxck
We LITERALLY need each other
famousfxck
Bro without USUALx your USD0++ rewards would be worthless ๐๐๐
andrewdubai
the only good update that I see you is the new slowmode timer
kiratsunami
the currrent price floor is bottom caping Usual to 0.8 USD I did the math earlier ... forr 1000USD0++ you need either 130USD or 162Usual so for the prrice floor to be betterr, usual needs to be less than 130/162, 0.8usd
antdel7528
Stop crying and bounce
andrewdubai
I am sure you need me but I don't need you
andrewdubai
๐คฃ never again with usual
Cortina
I have honestly never met someone with this much money being such a tool in a discord chat. Very unique individual you are!
famousfxck
We need each other ๐
fab1440
put your millions USD++ into Beravault i heard their TGE is close
it's better to move out the funds and farm out of this. what do you think if we can short the usual token in order to buy the amount needed and get out? it's sound legit if the mechanism is like this?kiratsunami
Trump will be in a short time in office, so the rollcoaster will starrt, I don't think it's a good idea to shorrt anything now ...
famousfxck
USD0++ hold the revenue become good
Mava (AI Support)
If there isn't enough liquidity in the Curve pool for USD0, you may consider waiting for more liquidity to be added or exploring other options such as using the primary market for swaps if applicable. Usual is working on boosting liquidity through incentive programs to improve market efficiency.
Mava AI Betafamousfxck
USUALx holders hold the price to become better
BingChilling
spot btc trump inagurasi blow of top btc goes to 200k you will earn alot
andrewdubai
there isn't enough liquidity for me on the Curve pool just 17M of USD0
Investus
Best to stake usual/UsualX
the market price is trading over 13 cents so im not sure where you say you need to take this cut and if you farm in it the USD0++ pool you will receive yield that will bring your holdings above your market loss and you will receive usual emissions that hopefully will be a lot higher in 2-4 weeeksandrewdubai
depends how much USD0++ you have, in my case a lot...
kiratsunami
what job ? I worrk a 9 to 5 but it's making me an upper middle class, not a rich, so at the end I'm a brooskie
my reasoning is, why I need to contribute with my funds to get people like you rich (or the perception to be rich)?famousfxck
Because we make each other become rich lol
I think you don't get our point. we lose faith and trust. the implementation is another way to keep us here even if we want to quit. the last reasoning is to take the 0.13$ per dollar cut and farm outside and take the loss. at the end the loss is confirmed even if we tried the early unstake. the data confirm it's not suitable for us and who decide to farm few days ago are the biggest losers. Personally I started in the early stage and I promote a lot of whales on doing this and I regret to share and shill this project to them for the way the team managed this choice.ravished
the market price is trading over 13 cents so im not sure where you say you need to take this cut and if you farm in it the USD0++ pool you will receive yield that will bring your holdings above your market loss and you will receive usual emissions that hopefully will be a lot higher in 2-4 weeeks
andrewdubai
no I made from my hard job
my reasoning is, why I need to contribute with my funds to get people like you rich (or the perception to be rich)?kiratsunami
well you are, with usual or not, because you are in Crypto ... a market with super high volatility so at the end you are
BingChilling
what i'm said the best thing they can do is they delay L1 forever. because once L1 there you get the same problem with L1 slow and expensive. if they delay forever they will be dex forever with arbitrum bridge
andrewdubai
it's better to move out the funds and farm out of this. what do you think if we can short the usual token in order to buy the amount needed and get out? it's sound legit if the mechanism is like this?
lol the EVM and L1 not even there yet.
if you launch L1 you will sacrifice speed and cheap.
people move to hyperliquid because solana saturated it's faster and cheaper than solaana and txn never failed.
lol i HLP 6 figure and farm 30% apy before usual TGE blud before people afraid to bridgeLukeOnChain
01/14/2025 at 17:56:53 ESTdunno if you fudding or endorsing hyperliquid now ^^
BingChilling
yes because it's not self custody and it is not LST all the USDC is store in bridge.
Kix
Okay actually putting 7m in without reading the WP is insane
andrewdubai
my reasoning is, why I need to contribute with my funds to get people like you rich (or the perception to be rich)?
broski personally I am not broke even if I have a loss of 1M here... don't worry about thiskiratsunami
did you inherit your money
fab1440
Hi, is HLP risky assest?
BingChilling
i mean usd0++ literally still the bigest yield you can get in town. HLP 11% susde 10% if you want long btc because of trump of inaguration why not take haircut you will make it back more
andrewdubai
broski personally I am not broke even if I have a loss of 1M here... don't worry about this
kiratsunami
how could you be smart and not know about it while I'm a broookie and knew about it ...
I'm literally shocked ....
How do you have this much money if you aren't like super smarrt ?
and if you are, how dare you put this much money without reading the WP
and if you did rread the WP how you couldn't know they will reedem the 1:1 reedeming rate and its just a grace periodandrewdubai
I think this is because we are smart even if we accept losses
Pronounce
lawsuits wont go anywhere and are a waste of time, but you're lying to yourselves if you claim it was clearly outlined that one day the floor price would drop 13c while still allowing $1 minting. Blaming users isnt a good choice optically and its hard to rebuild trust there
BingChilling
lol the EVM and L1 not even there yet. if you launch L1 you will sacrifice speed and cheap. people move to hyperliquid because solana saturated it's faster and cheaper than solaana and txn never failed. lol i HLP 6 figure and farm 30% apy before usual TGE blud before people afraid to bridge
LukeOnChain
01/14/2025 at 17:50:28 ESTusual bro not reading docs and whitepaper? ๐คฃ
I put in 7mm in USD0++, now I need to spend 1.1m USUAL or around $600k USD to exit from early
I take a bigger or equal loss if trying to convert on market. I only farmed for like 20 days max.
Is there any better options ? How come you guys don't calculate the $USUAL based on how long you farmed.
I would be happy to give up all the yield I earned so far.kiratsunami
I'm literally shocked .... How do you have this much money if you aren't like super smarrt ? and if you are, how dare you put this much money without reading the WP and if you did rread the WP how you couldn't know they will reedem the 1:1 reedeming rate and its just a grace period
So you can waste a bunch of money on legal fees when you could instead get yield far in excess of your current amount with the iUSD0++ pool is live?ravished
If a guy like me with a little time behind the keyboard can figure out it was a 4 year lock there is no liability
I think you don't get our point. we lose faith and trust. the implementation is another way to keep us here even if we want to quit. the last reasoning is to take the 0.13$ per dollar cut and farm outside and take the loss. at the end the loss is confirmed even if we tried the early unstake. the data confirm it's not suitable for us and who decide to farm few days ago are the biggest losers. Personally I started in the early stage and I promote a lot of whales on doing this and I regret to share and shill this project to them for the way the team managed this choice.BingChilling
so it's just emotional impulse not logical act ? if you compare PT susde vs PT usd0++ usd0++ pt still profitable even until maturity + you pay exit fee what is the "cost of opportunity" here because usd0++ still the biggest yield you can farm in pendle. unless you want long BTC then why just not exit in 2nd market ?
I think you don't get our point. we lose faith and trust. the implementation is another way to keep us here even if we want to quit. the last reasoning is to take the 0.13$ per dollar cut and farm outside and take the loss. at the end the loss is confirmed even if we tried the early unstake. the data confirm it's not suitable for us and who decide to farm few days ago are the biggest losers. Personally I started in the early stage and I promote a lot of whales on doing this and I regret to share and shill this project to them for the way the team managed this choice.famousfxck
Believe in something bro. This is the test for USD0++ holders now. Either they panic and get rekt, or they hold on a few months longer and get better rates.
ravished
So you can waste a bunch of money on legal fees when you could instead get yield far in excess of your current amount with the iUSD0++ pool is live?
BingChilling
team supply not dilute with our supply. so usualx don't have problem
andrewdubai
I think you don't get our point. we lose faith and trust. the implementation is another way to keep us here even if we want to quit. the last reasoning is to take the 0.13$ per dollar cut and farm outside and take the loss. at the end the loss is confirmed even if we tried the early unstake. the data confirm it's not suitable for us and who decide to farm few days ago are the biggest losers. Personally I started in the early stage and I promote a lot of whales on doing this and I regret to share and shill this project to them for the way the team managed this choice.
ultralisk3669
What is Usual*?
hi there, just a comment on the iUSD0++ vault
the purpose of USD0++ is to lock as much USD0 as possible to increase the stability of the whole protocol, right?
then how does it make sense to incentivize users to swap it back to sUSDE? basically the protocol will spend $USUAL to increase the ethena TVL!!! (it also will make a cut on the revenue, but this should be a secondary concern for treasury, not part of the product design)famousfxck
No because if they withdraw it becomes USD0++ again
the team is in it for the long term, they will take care of USD0++ holders just don't do something stupid and jump out, give it a little timefamousfxck
Literally this
It would if the team handled this 1:1 change better. Now nobody trusts usual. It's a shame because it could reach Hyperliquid levels if team did things differentlyfamousfxck
โnobodyโ Still 1.5B$+ in TVL
famousfxck
New pool soon
trx314
my concern is that a massive flow of currently locked USD0 come to the market at once
BingChilling
i'm not suree i guess No. it's good to diverse risk to sustain bear market.
trx314
will there be a cap on the vault?
nuttcrackerjack
Why would he contact biggest larp kid ? Guy is 17
BingChilling
what you mean sol + sol meme was dump and underperform since hyperliquid launch. everybody ape hyperliquid meme lol.
hi there, just a comment on the iUSD0++ vault
the purpose of USD0++ is to lock as much USD0 as possible to increase the stability of the whole protocol, right?
then how does it make sense to incentivize users to swap it back to sUSDE? basically the protocol will spend $USUAL to increase the ethena TVL!!! (it also will make a cut on the revenue, but this should be a secondary concern for treasury, not part of the product design)BingChilling
diverse your risk on underlying assets when you exit you still convereted to usd0
Kix
I mean look at the recovery on both and compare
Guys question. It cost me USUAL to send USUAL to metamask. But if i send back it would cost me ETH?Mava (AI Support)
Yes, when you send USUAL tokens to MetaMask, you might incur a fee in USUAL. However, when sending tokens back from MetaMask, you will need to pay the transaction fee in ETH, as Ethereum network fees are required for transactions. Reference: 1
Mava AI Betaravished
I came in here and inquired about it and @Noรฉ gave me all the answers I needed, i have some in USD0++ as well and I will farm it in the i pool
JACH
Guys question. It cost me USUAL to send USUAL to metamask. But if i send back it would cost me ETH?
trx314
hi there, just a comment on the iUSD0++ vault the purpose of USD0++ is to lock as much USD0 as possible to increase the stability of the whole protocol, right? then how does it make sense to incentivize users to swap it back to sUSDE? basically the protocol will spend $USUAL to increase the ethena TVL!!! (it also will make a cut on the revenue, but this should be a secondary concern for treasury, not part of the product design)
It would if the team handled this 1:1 change better. Now nobody trusts usual. It's a shame because it could reach Hyperliquid levels if team did things differentlyBingChilling
hyperliquid literally pump by sol cabal by dumping sol meme bro is just dex coin lmao.
no the lock had to happen, it was part of the roadmap, it always said it was a 4 year lock from day oneKix
Yeah it had to happen but it was communicated extremely poorly
It would if the team handled this 1:1 change better. Now nobody trusts usual. It's a shame because it could reach Hyperliquid levels if team did things differentlyravished
no the lock had to happen, it was part of the roadmap, it always said it was a 4 year lock from day one
the team is in it for the long term, they will take care of USD0++ holders just don't do something stupid and jump out, give it a little time
BingChilling
usd0 you can exit anytime by providing LP you get decent APY too. usd0++ if you want long term hold. long term is not 20 days blud. for me if i think opportunity cost is greater than exit fee why not ? if btc today dump to 15k i wouldn't mind take 13%-20% haircut
Kix
It would if the team handled this 1:1 change better. Now nobody trusts usual. It's a shame because it could reach Hyperliquid levels if team did things differently
JACH
@Mava (AI Support) To send USUAL from metamask It cost me USUAL or ETH?
ravished
there will be new incentives on the USD0 pool and you will get your liquidity
Mava (AI Support)
Yes, when you unstake USUALx and move it back to your MetaMask wallet, you will incur Ethereum network gas fees. These fees are required for any transaction on the Ethereum blockchain.
Mava AI BetaJACH
If i unstake USUALx It would also cost me ETH to move back to metamask?
cryptosfo
4% slippage
ravished
it could trade at par eventually, likely prior to its maturity
cryptosfo
barely any liquidity to exit almost 8 figures of USD0++
ravished
its floating now, it hit 94 cents yesterday
6 months of opportunity cost of the market / other plays.
we essentially got rugged here, not sure how team has any defense against this ...BingChilling
i mean you should hold usd0 and provide lp curve usd0 is the stable coin.
cryptosfo
i dont see how market price will increase for USD0++
6 months of opportunity cost of the market / other plays.
we essentially got rugged here, not sure how team has any defense against this ...ravished
I would give it a month, maybe two before you break even, pure gustimates but there are a ton of ways to get you there soon
famousfxck
No doubt
Bro if thereโs altseason, Usual will be the biggest gainer
cryptosfo
6 months of opportunity cost of the market / other plays. we essentially got rugged here, not sure how team has any defense against this ...
I put in 7mm in USD0++, now I need to spend 1.1m USUAL or around $600k USD to exit from early
I take a bigger or equal loss if trying to convert on market. I only farmed for like 20 days max.
Is there any better options ? How come you guys don't calculate the $USUAL based on how long you farmed.
I would be happy to give up all the yield I earned so far.ravished
wait for the iUSD0++ pool and the USD0++/USD0++ incentives, farm it until you are break even, it shouldn't take long especially if the price of usual goes up since you will be earning usual emissions. At break even point you will probably not want to leave the farm is my guess. Not to mention USD0++ can start trading closer to 1 in the market in the near future
truthbeautyjustice
Im just thinking holding this out is the play. wait for the dust to settle not taking a 13% haircut on this.
BingChilling
i mean at that time you can exit floor price better rate
I put in 7mm in USD0++, now I need to spend 1.1m USUAL or around $600k USD to exit from early
I take a bigger or equal loss if trying to convert on market. I only farmed for like 20 days max.
Is there any better options ? How come you guys don't calculate the $USUAL based on how long you farmed.
I would be happy to give up all the yield I earned so far.truthbeautyjustice
Yea im same bot just smaller size need 10k usual earned 1100. NOt long staking.
I put in 7mm in USD0++, now I need to spend 1.1m USUAL or around $600k USD to exit from early
I take a bigger or equal loss if trying to convert on market. I only farmed for like 20 days max.
Is there any better options ? How come you guys don't calculate the $USUAL based on how long you farmed.
I would be happy to give up all the yield I earned so far.famousfxck
Why would you want to exit?
I put in 7mm in USD0++, now I need to spend 1.1m USUAL or around $600k USD to exit from early
I take a bigger or equal loss if trying to convert on market. I only farmed for like 20 days max.
Is there any better options ? How come you guys don't calculate the $USUAL based on how long you farmed.
I would be happy to give up all the yield I earned so far.BingChilling
hold 4 years or hold 6 months and or wait 2nd market floor price
cryptosfo
I put in 7mm in USD0++, now I need to spend 1.1m USUAL or around $600k USD to exit from early I take a bigger or equal loss if trying to convert on market. I only farmed for like 20 days max. Is there any better options ? How come you guys don't calculate the $USUAL based on how long you farmed. I would be happy to give up all the yield I earned so far.
famousfxck
BTC is holding good now, just need to see some action from alts
famousfxck
Oh definitely
Lucas
But still a way better then yesterday, and the day before ๐ฅฒ
famousfxck
Alts have performed horrible today damn lol
BingChilling
I mean u can just stake PT maturity + exit in 2nd market. You still get more yield than stake susde pt
famousfxck
There will also be a better Curve pool which will have a good rate
Floorprice goes up gradually, just hold a few months
LukeOnChain
01/14/2025 at 16:51:42 ESTNo one knows. It's PvP now. Parameters can change weekly.
Lmao USD0++ earned me 900 USUAL and it asks me 12 000 USUAL to unstake just to get back the capital I put. ๐คฃ Never seen such unprofitable project beforeKBG89
Lol
famousfxck
Guess who didnโt read the recent announcements
No sir, it's up to 180 days of $USUAL rewards at the current rate - so it depends on what you already earned compared to the amount required (could be less, could be more)
theanonymousone
stake 6 months to get your initial stake and 0% APy? sounds fair
Lmao USD0++ earned me 900 USUAL and it asks me 12 000 USUAL to unstake just to get back the capital I put. ๐คฃ Never seen such unprofitable project beforedevisse.
Early Redemption can indeed be more expensive than the secondary market, depending on the weekly outflows, the market rate and so on.
All the documentation for Early Redemption is available here, with a PDF diving into more details: https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-early-redemption-mechanismtheanonymousone
again wtf
Lmao USD0++ earned me 900 USUAL and it asks me 12 000 USUAL to unstake just to get back the capital I put. ๐คฃ Never seen such unprofitable project beforetheanonymousone
wtf
Noรฉ
hahaha, soon ๐ I'll enable them again tomorrow
Dave.race
Will we get reactions back as well? ๐
Lmao USD0++ earned me 900 USUAL and it asks me 12 000 USUAL to unstake just to get back the capital I put. ๐คฃ Never seen such unprofitable project beforeBingChilling
How unprofit u still protif 900 usual if you are not redeem
Noรฉ
Yes, please note that with all the changes, Mava could give inaccurate our outdated answers tho
Noรฉ
Yes, please note that with all the changes, Mava could give inaccurate our outdated answers tho
JACH
*Spend
JACH
Really? Then i dont understand why other people here told me it would cost me More. I send 5dlls. 4 to get ETH to metamask and another dollar to stake.
Dave.race
Mava back?
Mava (AI Support)
You can simulate the amount of $USUAL required to unlock USD0++ live on the Usual platform. Visit: Usual Swap to check the current requirements.
Mava AI Beta
teary
Can I see how much usual I need to unlock USD0++?
Someone spent 16$ worth of usual to gain 100 usd0, not counting the 7$ gas fee for the tx. Thatโs a 23% loss. I canโt breatheBingChilling
I mean just 1 time doing food delivery already breakeven
Someone spent 16$ worth of usual to gain 100 usd0, not counting the 7$ gas fee for the tx. Thatโs a 23% loss. I canโt breatheBingChilling
Biggeat bruh moment.
famousfxck
Yes
Dave.race
Thank you
Noรฉ
@Dave.race checking your ticket
famousfxck
Brethren donโt understand that everyone in this chat will be wealthy rich in max 6 months ๐ญ
Noรฉ
Hi, what do you mean sir?
famousfxck
These youngsters are so inexperienced
Someone spent 16$ worth of usual to gain 100 usd0, not counting the 7$ gas fee for the tx. Thatโs a 23% loss. I canโt breathefamousfxck
Lmfao
Noรฉ
or hold
btw, you can also exit at market rate
Lmao USD0++ earned me 900 USUAL and it asks me 12 000 USUAL to unstake just to get back the capital I put. ๐คฃ Never seen such unprofitable project beforeNoรฉ
Sir, that's because you're getting the max fee right now
Nez
Lmao USD0++ earned me 900 USUAL and it asks me 12 000 USUAL to unstake just to get back the capital I put. ๐คฃ Never seen such unprofitable project before
devisse.
Someone spent 16$ worth of usual to gain 100 usd0, not counting the 7$ gas fee for the tx. Thatโs a 23% loss. I canโt breathe
famousfxck
BismiโAllah generational wealth here I come โญ๏ธ
Just let the team cook. Low float, lots of volume, flywheel effect
39% of USUAL is now fully staked
aba20
ty
Noรฉ
No sir
aba20
Is there a cap on how much USD0++ can be redeemed with $usual per day?
Noรฉ
could you ping me again tomorrow if you'd like an answer on that?
so that means the params are set by onchain transaction and are not dynamic according to the current situationNoรฉ
I don't have further details on that at the moment, I could ask, but most of the tech is getting some rest rn
famousfxck
Youโre one of us now enjoy ๐๐ฅ
so that means the params are set by onchain transaction and are not dynamic according to the current situationfamousfxck
Bro itโs easy, youโre gonna pay 6 months of fees
andrewdubai
so that means the params are set by onchain transaction and are not dynamic according to the current situation
thanks, I read the documentation and I understand the formula. I would like to see the current params of the computation to understand the outcome.Noรฉ
Hi, I think that the parameters are onchain: https://etherscan.io/token/0x35D8949372D46B7a3D5A56006AE77B215fc69bC0#readProxyContract
Mava (AI Support)
You can monitor Net Weekly Redemption through the Usual protocol's dashboard or analytics tools provided by the platform. These tools typically display redemption activity and other relevant metrics.
Mava AI Beta
ipostol
Where possible to monitor Net Weekly Redemption ?
andrewdubai
I will wait for sure, I cannot quit with 1M of losses
anyone can help to understand the parameters of the early unstaking? If i tried to unstake using USUAL I will pay more than exit at floor or the secondary market. I can understand clearly if the parameters are stated in the UI. most of the time the UI showing better APY but afte calcuaton it's not true. @Noรฉ Can you ask to the team to be transparent on this? I want to quit as soon as possibile according to the rules but I want to check myself the rules.Cortina
you might want to wait and see what happens with the sUSDE vault. I understand you want to leave as soon as possible but this is a major catalyst for USD0++ demand.
Early Redemption can indeed be more expensive than the secondary market, depending on the weekly outflows, the market rate and so on.
All the documentation for Early Redemption is available here, with a PDF diving into more details: https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-early-redemption-mechanismandrewdubai
thanks, I read the documentation and I understand the formula. I would like to see the current params of the computation to understand the outcome.
anyone can help to understand the parameters of the early unstaking? If i tried to unstake using USUAL I will pay more than exit at floor or the secondary market. I can understand clearly if the parameters are stated in the UI. most of the time the UI showing better APY but afte calcuaton it's not true. @Noรฉ Can you ask to the team to be transparent on this? I want to quit as soon as possibile according to the rules but I want to check myself the rules.Noรฉ
Early Redemption can indeed be more expensive than the secondary market, depending on the weekly outflows, the market rate and so on. All the documentation for Early Redemption is available here, with a PDF diving into more details: https://docs.usual.money/usual-products/usd0-liquid-staking-token/usd0++-early-redemption-mechanism
andrewdubai
anyone can help to understand the parameters of the early unstaking? If i tried to unstake using USUAL I will pay more than exit at floor or the secondary market. I can understand clearly if the parameters are stated in the UI. most of the time the UI showing better APY but afte calcuaton it's not true. @Noรฉ Can you ask to the team to be transparent on this? I want to quit as soon as possibile according to the rules but I want to check myself the rules.
DV
Is the red bar below a representation of that?
DV
Btw rn it seems like its max penalty for redeeming, is that correct?
Leonidas
Ok, will check this days thx u all
No sir, it's up to 180 days of $USUAL rewards at the current rate - so it depends on what you already earned compared to the amount required (could be less, could be more)
stephen
Yes, you are right, sir. I read it twice and finally understand it. Thx.
sefishyโข โ
Yes
Leonidas
It supose to increase mi usualx value isn't?
Hello, i have usualx in stake, why si not increasing my tokens por ir value? It supose to do it daily or i'm wrong?sefishyโข โ
Depends on how long itโs been for
Noรฉ
This amount is currently bugged, indeed
Hello, i have usualx in stake, why si not increasing my tokens por ir value? It supose to do it daily or i'm wrong?Mava (AI Support)
USUALx works as a vault share, meaning rewards are reflected directly in its value rather than increasing the number of tokens. The value of your USUALx increases over time as rewards accumulate, but the token count remains the same. You can see the increase in value when you simulate an unstake.
Mava AI BetaLeonidas
Hello, i have usualx in stake, why si not increasing my tokens por ir value? It supose to do it daily or i'm wrong?
Noรฉ
unstaked amount sir
JACH
Its 10% of total stake or only reward?
Noรฉ
yes
JACH
Ok, after i do. I can unstake any time but losing 10%?
Mava (AI Support)
Swapping to USUALx is not mandatory, but it offers benefits such as eligibility for rewards and participation in governance. It depends on your investment goals and whether you want to take advantage of these benefits.
Mava AI Betachrisgm3773
yes
JACH
Do i need to swap to USUALx?
chrisgm3773
You need to trade your usual for usualx.
JACH
But now i dont know what to do.
vqwer
You have to connect metamask to Usual.money then stake
@Noรฉ Sir, I just read the article about burning Usual, and I have a question. According to the formula, if I hold USD0+ an excess of 180 (for about half a year), can I redeem USD0 at a 1:1 ratio without any usual burning? Am I correct?Noรฉ
No sir, it's up to 180 days of $USUAL rewards at the current rate - so it depends on what you already earned compared to the amount required (could be less, could be more)
stephen
@Noรฉ Sir, I just read the article about burning Usual, and I have a question. According to the formula, if I hold USD0+ an excess of 180 (for about half a year), can I redeem USD0 at a 1:1 ratio without any usual burning? Am I correct?
JACH
GUYS NEED HELP. What do i need to do to stake my USUAL on app? Already got them on metamask.
This is now. While the UI APY is 30% and 24%, why the discrepancy? Why is the team deliberately showing higher APY's than reality @NoรฉNoรฉ
Hi, I'll check with the team and revert with an answer. Btw, I'm sorry but I'm muting you for now, you are always throwing baseless accusations before even waiting for an answer. As a side note, we made the Dune dashboard ourselves, so it wouldn't be smart of us to deliberately lie lol. Don't worry tho, I'll ping you when I have an answer.
chrisgm3773
TGE snapshot was like nov28th
dv
well in bond/finance lingo, parity = face value = amount of money the issuer repays at the end. so 1 USD0 maybe they have a different definition but i'm not sure. curious what do you define as parity @Noรฉ ?
DingoApe
Can you expound on what circumstances might cause that value to go higher than 180 days ?
DV
I was getting pills before usual, maybe dashboard is crazy. Was crazy to see the amount of usual i need to give