#
๐งใspeculation
For price discussions and speculation! Reminder: this does not permit financial advice or baseless/random FUD. Ensure youโve read the documentation before sharing claims or analyses.Page 10 of 20
Noรฉ
"coins injection"
The Southerner
Many people loose trading because: 1) ร10-ร75 leverage, 10% fluctuations in high volatility market they will be liquidated . 2) very bad entry price. 3) panic buying or selling,no fixed strategy for trading. 5) Trading USUAL is very good if you manage your leverage and entry price, because it is the most predictable fluctuations actually in the market. โ ๏ธ So if you complain about the trading, you should review your strategy, I am complaining about the project strategy of coins injection .
famousfxck
Or well Iโm not in a loss tbh, just a loss on my bag that I bough. But overall still in profit because of airdrop
But Iโm not gonna sell with a loss so ๐คทโโ๏ธ Iโm max staking anyways
Pumping 20% and then going down to previous level, 2x is insane for most
Those last 2 fake rallies were ruthless
famousfxck
In all honesty I can understand everyoneโs price frustration, lmao I bought a huge bag at 1.2$ so I can agree
A lot of people are also saying that inauguration of trump is the sell the news event
Fernando Bu
01/04/2025 at 12:43:34 ESTWill he buy usual?
Fernando Bu
01/04/2025 at 12:43:30 ESTWhat trump is gonna do 20th
yns94
Trump will make us rich
cue
7th january + trump on 20th
yns94
They are nerfing it
famousfxck
Going up twice 20% and still not breaking out is mindbreaking
famousfxck
Those last 2 rallyโs were ruthless tho
Tbh as long as we donโt go sub 0.85$ we good fam ๐ซก
yns94
Otherwise its a scam
People want token with 9 zero
cue
let's buy pepe instead
Noรฉ
cue
"Why it's not 2$ yet? I bought at 1.2 and it's only going down, it's surely a scam"
"bro it's not working"
cue
tell trump to fix that
cue
infinite money glitch
Noรฉ
crazy to see posts like that lmao
"$USUAL USUAL โ ๏ธ๐งThe scam coin circle.
1. They stake million of USD0
2. Claim thousands of usual daily
3. Send to binance and sell
4. Withdraw this amount
5. Swap it to USD0 and add to farm amount
6. Repeat every day..
What u expect from token which for now used only for this circle?
Maximum share to prevent peoples from being scammed ,lost a lot of money and don't want to let them scam other people like me ."Noรฉ
bro is discovering staking/emissions
Rage4lyf00
surely someone have hired them to fud on binance square
famousfxck
Lmfaooo that was the funniest comment I read on there ๐๐๐
Yi Long Max
https://tenor.com/view/why-cry-why-pepe-why-why-pepe-cry-pepe-pepe-cry-gif-5847161834541812219
Fernando Bu
01/04/2025 at 12:21:41 ESTProblem is we go up by stairs and go down by elevator
cue
and everyone will be fcking rich!
hahaha yeah, 500K of $PEPE bought, and waiting for it to be 1$
yns94
Yeah in general they will put 2-3$ at some coin with 50b mc and then pray to be a x100๐๐๐
cue
30$ is a big investment for them, normally it's < 10$
famousfxck
๐๐๐
cue
Literally
yns94
They put 30$ at 1.4 and then panic because they lost 10$
cue
yeah lol, people on square saying "Guys what can i do?" when they're losing 2usdt on futures
yns94
Im speaking about the others
After the next pump dump it will only go up because wr will be 7th so my friend hold and stop complainingcue
he's not complaining
yns94
After the next pump dump it will only go up because wr will be 7th so my friend hold and stop complaining
"$USUAL USUAL โ ๏ธ๐งThe scam coin circle.
1. They stake million of USD0
2. Claim thousands of usual daily
3. Send to binance and sell
4. Withdraw this amount
5. Swap it to USD0 and add to farm amount
6. Repeat every day..
What u expect from token which for now used only for this circle?
Maximum share to prevent peoples from being scammed ,lost a lot of money and don't want to let them scam other people like me ."cue
bro skipped math classes
famousfxck
Ascending wedge
cue
wtf hahaha
famousfxck
Some people have good posts
cue
"$USUAL USUAL โ ๏ธ๐งThe scam coin circle. 1. They stake million of USD0 2. Claim thousands of usual daily 3. Send to binance and sell 4. Withdraw this amount 5. Swap it to USD0 and add to farm amount 6. Repeat every day.. What u expect from token which for now used only for this circle? Maximum share to prevent peoples from being scammed ,lost a lot of money and don't want to let them scam other people like me ."
lol
i0sm3
01/04/2025 at 12:13:32 ESTAbnormal hate ๐คฃ
cue
People on square are going crazy haha
For small stakers itโs almost 1:1 same as debank that youโd be able to withdraw
Max slippage so like 0.05%
1 USUALx= 1.15 USUAL
But on secondary itโs
So 1 USUALx = 0.9 USUAL
Is the rate Usual:UsualX different much from primary market?
And by now how many percentage you pay for fee on secondary market?famousfxck
Primary market is just through Usual which is 10% less
Zezzy
Is the rate Usual:UsualX different much from primary market? And by now how many percentage you pay for fee on secondary market?
famousfxck
But itโs better than paying 10% lol
You will never get the same amount that you see on debank
Rates are like 1 USUALx = 1.155 USUAL
famousfxck
Uhh nope, but I donโt care about the fee
Zezzy
Has anyone here reached break even in UsualX withdraw fee?
i0sm3
01/04/2025 at 12:04:00 EST๐คฃโ๏ธ Iโm pretty confident theyโll regret it sooner or later in a day or in a yearโฆ theyโll just feel like the guy who got 2 pizzas for 10000 bitcoin
People have no idea how lucky we are in the future โ ๏ธ
Like you said, just trading for the sake of trading
They barely have any money and have done 0 research
famousfxck
I donโt really care about those binance square users complaining tbh
Revenue sharing unlock
The same is going to happen with Usual
i0sm3
01/04/2025 at 12:01:22 ESTI agreeโฆ itโs very underrated but itโs comprehensive.. many are there to just trade another coin like they do alwaysโฆ they donโt even check the project
famousfxck
And then price went parabolic lol
But then more and more people began to know about it
Bro I saw Aerodrome at rank 200 when it was barely mentioned everywhere
Sooner or later price will catch up
Zezzy
Is it new UI for UsualX?
famousfxck
Which means? -> UNDERPRICED
famousfxck
Everything is up on this project except price
A9
waiting for 0.9 to long again ๐
famousfxck
Or sell โ ๏ธ
Just stake or buy more
But what can anyone do lol ๐ญ๐คทโโ๏ธ
Yes we know that price hasnโt been all good since we hit 1.65$ ATH
Noรฉ can be the middleman
Betting 10K$ rn that not even a single one in this chat that came from binance square complaining about emission, have even close to 5K$ in this project
JackNorris
Of course people are selling, itโs crypto and the market is particularly weak at the moment. ENA was chilling at 0.25 if you remember. Crypto does what crypto does.
famousfxck
Binance square users are peak humor
I am down -27K$ but some people act like theyโre down -500K$ or some shi lmfao ๐ญ
Zezzy
Soon you will see them get loss/liquidated or regret of selling tons of Ussual. But now, you can't stop people doing with their rewards.
JackNorris
Christ guys. You need to chill out.
SOS
Peoeple selling stake reward everyday T
Rage4lyf00
brahhhh
The Southerner
I one of the first stackers until now
JhoVendetta
how come itโs not worth it..Iโm speechless
100-1000 is too much for peoples in Asia and Africa, don't think most of people are rich like Europe and USA bro, we are talking about the project coins strategy not the amount of investment of people.Yi Long Max
@TheSouthernersInvest, everything gonna be alright.
If you are really worrying, just calm down. Stake your coins and keep receiving your auto compound reward daily. Currently nothing else on the market, except insiders info, could possibly bring you such profitThe Southerner
hhhh it is not worth your idea for me, i am stacking from the beginning bro when it was at 3000% APY
Gunner funk
Lol
It doesnโt matter what people text in squares. Like completely doesnโt matter. These people invested 100-1000$ at most dreaming about 10x within couple daysThe Southerner
100-1000 is too much for peoples in Asia and Africa, don't think most of people are rich like Europe and USA bro, we are talking about the project coins strategy not the amount of investment of people.
SOS
What's wrong with this project.... everyday dumping and dumping... any problem with this project?
If you consider I am spamming, I can send you my square profile, how I was defending the project. I am not spammers, if you consider I need to stop , it's ok brother, I will not post here, I just want to inform you about the situation.If you consider I am spamming, I can send you my square profile, how I was defending the project. I am not spammers, if you consider I need to stop , it's ok brother, I will not post here, I just want to inform you about the situation.
lirrboroncruiser
situation will soon change when the fee switch is on
If you consider I am spamming, I can send you my square profile, how I was defending the project. I am not spammers, if you consider I need to stop , it's ok brother, I will not post here, I just want to inform you about the situation.JhoVendetta
It doesnโt matter what people text in squares. Like completely doesnโt matter. These people invested 100-1000$ at most dreaming about 10x within couple days
Yi Long Max
lets fookin yalla habibi
If you consider I am spamming, I can send you my square profile, how I was defending the project. I am not spammers, if you consider I need to stop , it's ok brother, I will not post here, I just want to inform you about the situation.Noรฉ
We made the project sir, we know about the emission
The Southerner
If you consider I am spamming, I can send you my square profile, how I was defending the project. I am not spammers, if you consider I need to stop , it's ok brother, I will not post here, I just want to inform you about the situation.
JhoVendetta
Thatโs smart ๐ด
Now after your comment they are going to change the emission model
Noรฉ
๐ซก
I read it well,I searched in gouv.fr about the company, I believed in the project, but my brother, I told you do it in a smart way.Noรฉ
You should apply into our quant team
I read it well,I searched in gouv.fr about the company, I believed in the project, but my brother, I told you do it in a smart way.JhoVendetta
Yes, sure, the team been working since 2022 on this project
Noรฉ
Lmao
Iโm tired
The Southerner
I read it well,I searched in gouv.fr about the company, I believed in the project, but my brother, I told you do it in a smart way.
@Noรฉ I know you need to increase TVL, but do it in a smart way don't let peoples loose hope in the project, personally I put all my economy in this project because I believe in it, actually I am loosing money brother ,I am very disappointed because I defended the project during its launch period like it was my project.JhoVendetta
Canโt you understand that not everything in crypto about 1day profit?
Noรฉ
Stop spamming now
@Noรฉ I know you need to increase TVL, but do it in a smart way don't let peoples loose hope in the project, personally I put all my economy in this project because I believe in it, actually I am loosing money brother ,I am very disappointed because I defended the project during its launch period like it was my project.Noรฉ
Mate you just had to read the docs
Your coin injection is dumping the coin, we are loosing hope for this project, we are here to make money not to have a love story with coins.Noรฉ
Btw itโs kind of funny to post this and both of your screenshots have a green daily percentage lmeow
The Southerner
@Noรฉ I know you need to increase TVL, but do it in a smart way don't let peoples loose hope in the project, personally I put all my economy in this project because I believe in it, actually I am loosing money brother ,I am very disappointed because I defended the project during its launch period like it was my project.
yns94
Can we stay at >1$ plz thanks๐๐๐
The Southerner
Selling a stacked coins at a single time from users means they got it from the stacking, actual stacking rewards is nearly 0.2% daily, they need to stack 1B usual to release 2M coin, and the market increases nearly more than 2M daily, this is not from stacking bro ๐
Noรฉ
So Iโll just ask to stop posting those baseless things
If you donโt read the docs thatโs not really a Usual related issue
Total supply increases in a single time, they sell 1-1.5M coins each time and run, who is the well organized and have all this number of coins to do it in the same time.Noรฉ
Again, thatโs # ๐งใspeculation and I already talked about it multiple times. You canโt force people to not sell rewards lol. But staked supply constantly increases. Our mechanisms have always been public.
JhoVendetta
Read docs before spamming
Yeah thatโs how emission works lol welcome to the project. If youโve done any research you wouldโve know that most of the emission actually goed back into staking. 34% of the total supply is now stakedTotal supply increases in a single time, they sell 1-1.5M coins each time and run, who is the well organized and have all this number of coins to do it in the same time.JhoVendetta
Read docs, or leave pls. Usual supply depends on usd0. Do your research
famousfxck
Inshallah
moonshotcat
hey Noe, what are the pioneer roles?
The Southerner
Total supply increases in a single time, they sell 1-1.5M coins each time and run, who is the well organized and have all this number of coins to do it in the same time.
Your coin injection is dumping the coin, we are loosing hope for this project, we are here to make money not to have a love story with coins.Your coin injection is dumping the coin, we are loosing hope for this project, we are here to make money not to have a love story with coins.Noรฉ
# ๐งใspeculation + already talked about this multiple times
Gunner funk
Usual will see green candles only on short squeezes untill it fully bottomes out
Yi Long Max
I cancelled $0.2
The Southerner
Your coin injection is dumping the coin, we are loosing hope for this project, we are here to make money not to have a love story with coins.
Gunner funk
0.2 will probably be the bottom
any ETA on this bro? and about the rev switch, will there be a proposal and voting or will it be directly imposed
KubzThe14Th
very good question, @Noรฉ would you be able to share a few more details on that yet?
Gunner funk
๐งฒ 0.6
OIESIS
any ETA on this bro? and about the rev switch, will there be a proposal and voting or will it be directly imposed
So they would build a net neutral position on stacks or something and farm the funding rate and yield like ethena?
Lucky Boy
No i think its just smart contracts for btc im not sure
@Noรฉ what do you think price of usual can get to? You seem to understand this project better then anyone. Do you have any estimation of what will happen with all of this. Just curiousNoรฉ
Unfortunately I can't speculate on that sir, I'm part of the team haha
Lucky Boy
I felt good at that time i was able to make small fortune buy a car
There was a time that i converted some of my usual to stx when it was 1.4 then it went 1.6 i sold and exactly at that time usual went .8 i reenteredlil m
nice, my average price on usual is around 1.10 so i probably bought your bag lol
Lucky Boy
There was a time that i converted some of my usual to stx when it was 1.4 then it went 1.6 i sold and exactly at that time usual went .8 i reentered
yes but this will also give you price exposure to stacks which can go up and down a lot harder then btcLucky Boy
Yeah it volatile its 1 then its 3 then its 1 again
lil m
So they would build a net neutral position on stacks or something and farm the funding rate and yield like ethena?
Lucky Boy
Not sure but i just watched the stacks learning thing in youtube about thwir thinf
lil m
yes but this will also give you price exposure to stacks which can go up and down a lot harder then btc
Lucky Boy
Stacks stx
peli
Isnโt Rootstock like the OG l2 for btc ?
Lucky Boy
Yeah when you stake stacks you earn btc
lil m
yes i am aware, i just havent heard anything about this in the stacks community.
Lucky Boy
Stacks is a l2 smart contract thing for btc
lil m
@Noรฉ what do you think price of usual can get to? You seem to understand this project better then anyone. Do you have any estimation of what will happen with all of this. Just curious
Lucky Boy
Loool
lil m
it will use stacks? ok thats interesting. im in that ecosystem as well lol
yns94
When people will say usual is a scam im going to send this screen๐๐ @Lucky Boy
how woud something like btc0 generate real revenue though. i would understand eth since it can be changed into staked eth and earn low risk yield. its basically the same as usd0 but instead of the american treasury you are generating revenue from stakingLucky Boy
Its the protocols built around it that generates profit like stacks and icp
generalmasango
So the apy on Usual web will no longer apply or i get both?
lil m
what do you mean by that?
I have USD0++ staked on usual when i connect my wallet on veda tech, can the same be deposited or i need new onesgeneralmasango
I have USD0++ staked on usual when i connect my wallet on veda tech, can the same be deposited or i need new ones
how woud something like btc0 generate real revenue though. i would understand eth since it can be changed into staked eth and earn low risk yield. its basically the same as usd0 but instead of the american treasury you are generating revenue from stakingLucky Boy
Btc is digital capital
lil m
how woud something like btc0 generate real revenue though. i would understand eth since it can be changed into staked eth and earn low risk yield. its basically the same as usd0 but instead of the american treasury you are generating revenue from staking
We currently work with Hashnote and M^0.
Both are tokenizing short-term T-Bills (overnight repos, MMFs). Those are permissioned assets, so a lot of the risks are already mitigated. On top of that, well, it's custody, so there's no commercial banking or anything else involved, SVB-style.
It's actually better, since tokenized assets enables more composability, transparency and flexibility for us - reserves are onchain and so on.lil m
got it , thank you
for weeks
rev-switch was actually already hinted
Noรฉ
Nothing to read and not much I can explain 
we gave a few hints in the airdrop checker
Also, see this (https://discord.com/channels/1106588534871179280/1280255988120813609/1324875283949555844) and this (https://discord.com/channels/1106588534871179280/1107144153076347022/1324699393609306164)
whats in theory the biggest risk in using hashnote you think? normally when you stack protocols on top of each other its creates more risk. are there any other candidates to also work with? or is all the tvl just going through hashnote?Noรฉ
We currently work with Hashnote and M^0. Both are tokenizing short-term T-Bills (overnight repos, MMFs). Those are permissioned assets, so a lot of the risks are already mitigated. On top of that, well, it's custody, so there's no commercial banking or anything else involved, SVB-style. It's actually better, since tokenized assets enables more composability, transparency and flexibility for us - reserves are onchain and so on.
cue
we are waiting like crazy for this
whats in theory the biggest risk in using hashnote you think? normally when you stack protocols on top of each other its creates more risk. are there any other candidates to also work with? or is all the tvl just going through hashnote?Noรฉ
didn't see your message, let me reply
lil m
can you maybe explain how this would work? is there anything to read about this?
Noรฉ
aaand
famousfxck
And then slowly invade the other integrations and platforms ๐
Yep so first have a strong basis where we have most liquidity and popularity
Noรฉ
afaik it's in the roadmap but not directly in the works right now, focus is on improving USUALx's UI, USUAL's DeFi integrations, L2 expansion, Ethena x Usual vault, BUIDL & USDtb integration, Rev-Switch for USUALx etc.
cue
yeah CEX, sorry
lil m
whats in theory the biggest risk in using hashnote you think? normally when you stack protocols on top of each other its creates more risk. are there any other candidates to also work with? or is all the tvl just going through hashnote?
Noรฉ
you meant CEX?
lil m
got it, thank you sir
Noรฉ
so it's essentially MMs, the DAO and whales
and then you'd have the option appearing on our dapp
are there whitelists for redeeming ? Or is it possible for everyone? havent looked into that yetNoรฉ
For USD0 you should be onboarded with the collateral provider, Hashnote
We're scaling our MMs rn
lil m
are there whitelists for redeeming ? Or is it possible for everyone? havent looked into that yet
Noรฉ
but yeah at that point it's just a matter of who makes the fastest tx
its can depeg for some time because of it. But i agree that its actually aa good time to buy usd0 in that point.Noรฉ
Indeed, but it would essentially be quick
cue
@Noรฉ btw, when is USD0 planned to debut on big dex?
lil m
i actually bought some usd0 this last slight depeg
There's no issue with that tbh, our risk policy is very strict and our liquidity scales with our TVLlil m
its can depeg for some time because of it. But i agree that its actually aa good time to buy usd0 in that point.
Godralho
Probably they short it and fudding
famousfxck
People like to fud new projects
Noรฉ
We could insta redeem $300M in one tx right now
thats all true but if everything gets bigger like luna you will at one point get a lot of people holding this that have no idea how it works. Which can result in some pretty epic run to the door kind of behaviourNoรฉ
There's no issue with that tbh, our risk policy is very strict and our liquidity scales with our TVL
Noรฉ
Yeah but he could've just went through the primary market and get a better rate
Godralho
People don't care about their depeg and care about USD0 depeg lol
lil m
thats all true but if everything gets bigger like luna you will at one point get a lot of people holding this that have no idea how it works. Which can result in some pretty epic run to the door kind of behaviour
famousfxck
Bro FDUSD and USDe are struggling daily to get back to 1$ depeg
Noรฉ
lmfao
I still don't understand why a whale decided to swap $20M
famousfxck
Together with USDC
Noรฉ
and if you look at USDe or even USDT, they depegged for more time than us
Noรฉ
lmeow
in a few hours
but at the end markets are markets
famousfxck
Like couple days ago
i understand you point. thats a good one. but supply is still increasing so holders of usual that would already hold in this downturn would still loose moneyNoรฉ
Yes, but it is theoretically heavily mitigated (even more if you stake)
famousfxck
USD0 has processed over 600M$ in one day and had a -1% depeg only a few seconds.
lil m
yes haha, this made me more bullish. it got stresstested now
But it has nothing to do with luna - we can redeem the entire supply almost instantly if there's the need for itGodralho
Banks can't do that
Yes and no, I don't completely agree with the "dilution" statement as emission is based on the revenue and is always lower than the revenue, while being disinflationary over time.
"Dilution" is too much like "oh look at Curve", which has nothing to do with Usual's mechanismslil m
i understand you point. thats a good one. but supply is still increasing so holders of usual that would already hold in this downturn would still loose money
Noรฉ
That's what actually happened earlier this week lmeow
famousfxck
https://tenor.com/view/goku-dragon-ball-z-dragon-ball-thumbs-up-approval-gif-5130883159510254210
i agree, but i do feel this will get a big run for the door at one point since it looks very similar to luna1/3 of the unstaking fees are already burned. Then, when the Early Redemption mechanism is implementend, 1/3 of it will also be burned.Godralho
That is pretty nice to hear
lil m
i agree, but i do feel this will get a big run for the door at one point since it looks very similar to luna
Noรฉ
even when USD0 depegged a bit earlier this week, we made nice bucks
we make profits on those arbs
there is a pretty decent risk/chance of this thing depegging for a while though when it usd0 goes down in market cap.especially if this thing goes to like 50 billion and the bear market strarts then it needs to be arbitraded back to peg. But if you wait long enough this should always happen since its fully backedNoรฉ
It's easy arbitrage, for MMs, for users, and for us
Noรฉ
1/3 of the unstaking fees are already burned. Then, when the Early Redemption mechanism is implementend, 1/3 of it will also be burned.
lil m
there is a pretty decent risk/chance of this thing depegging for a while though when it usd0 goes down in market cap.especially if this thing goes to like 50 billion and the bear market strarts then it needs to be arbitraded back to peg. But if you wait long enough this should always happen since its fully backed
Mava (AI Support)
Yes, there is a mechanism for burning USUAL tokens. The 'Early Redemption Mechanism' involves burning USUAL tokens if you want to redeem USD0++ before the maturity period through the primary market at a 1:1 guaranteed rate.
Mava AI BetaGodralho
Is there any token burning planned in the future?
Noรฉ
Yes and no, I don't completely agree with the "dilution" statement as emission is based on the revenue and is always lower than the revenue, while being disinflationary over time. "Dilution" is too much like "oh look at Curve", which has nothing to do with Usual's mechanisms
lil m
correct. As long as hashnote doesnt get hacked or america goes bankrupt or there is some other exploit you should be fine, i think
Godralho
safe
fab1440
01/04/2025 at 08:34:56 ESTbecause its collateralized
if it collapses it wont generate much revenue anymore so usual should be repriced down as well. its directly correlatedfab1440
01/04/2025 at 08:34:46 ESTUSDo++ is safe right? even if usual went to 0
lil m
.
lil m
yes but its still dillution, just less dillutioon
if it collapses it wont generate much revenue anymore so usual should be repriced down as well. its directly correlatedNoรฉ
But again, it means the emissions will follow
Godralho
Token has dividens lol
lil m
if it collapses it wont generate much revenue anymore so usual should be repriced down as well. its directly correlated
Godralho
Usual for me is like the bank stock
Noรฉ
emissions are always lower than the revenue
Noรฉ
Well, even if it collapses, emissions will still follow the new revenue
i think when people start seing the real yield they are getting payed it will turn around and people will start aping
Godralho
I think before the news is accumulating zone
lil m
and its already at 40 percent at this pricepoint which is pretty insane
if usual sells of more it will only increase the real yield apr you are getting payed in usd0
Godralho
They have 100k~ 3M usuals but many don't understand how it works
Godralho
That is the thing people still don't understand how it works
lil m
i agree it doesnt seem priced in at all since no one really seems to understand how this works
Godralho
I also think so
lil m
the fee swich cant be anything other then bullish imo
Noรฉ
this implies it's been fully priced in
hmm intresting, why is that? buy the rumour sell the news? im confused, but might be missing somethingGodralho
Disappointing news might cause the sell off
famousfxck
Better be not North Koreans ๐ญ
Godralho
Koreans who can't speak English lol
lil m
hmm intresting, why is that? buy the rumour sell the news? im confused, but might be missing something
Noรฉ
lmfao no they're not....
famousfxck
https://tenor.com/view/quant-quantitative-big-short-math-math-specialist-gif-10373315621475200773
fab1440
01/04/2025 at 08:28:38 ESTi want my refund right noww!!
famousfxck
Itโs just 1-3 months lol
Noรฉ
We actually have 4 full time quants
lil m
yeah the guy who invented this has a mastery in ponzenomics haha
im somewhat confident in this, but things always seem to play out differntly then i expect so curious to see what happens after the 7thGodralho
in my community sell off is expected
lil m
im somewhat confident in this, but things always seem to play out differntly then i expect so curious to see what happens after the 7th
Godralho
Giving stable coins to the stakers as extra reward is crazy
lil m
so that closes the dillution gap its suffering from right now
Godralho
This is crazy return lol
lil m
its around a 40 percent apy in real yield at this point
lil m
yes, they are getting payed out in usd0 if i understood correctly.
not really, we are printing usual though. And usual is being used to attract usd++ holders. THey are being payed in dillution not i real yield. So we are printing usual bit indirectly are printing usd++ out of thin airGodralho
Do you think that Xusual holders will get additional reward of USD0 after 7th Jan?
lil m
the only risk of blowing up is usual the token. not usd0 in my opinion
its a genious system honestly
lil m
not really, we are printing usual though. And usual is being used to attract usd++ holders. THey are being payed in dillution not i real yield. So we are printing usual bit indirectly are printing usd++ out of thin air
Godralho
Even usdt usdc have risks
Godralho
There is always risk
famousfxck
And crypto was declining
But the problem was that he was incredibly high leveraged
Godralho
Not everyone can steal billions
famousfxck
He knew his plan was gonna work, BTC and SOL would go to the moon
fab1440
01/04/2025 at 08:23:37 ESTso you telling me that USDo++ i locked in berachain vault for year is at risk??
famousfxck
But he was egoistic
i dont think hes a genius at all. Who ends up in jail steeling billions when you have an exchange that is making a infinate amount of moneyfamousfxck
He was a genius in all honesty
lil m
not really. ust and luna sealed the deal on that one.
famousfxck
He would be worth more than CZ and Saylor together now
Godralho
Without FTX 2021 cycle top would have been higher
lil m
i dont think hes a genius at all. Who ends up in jail steeling billions when you have an exchange that is making a infinate amount of money
famousfxck
Was long on BTC
Bro he has a HUGE bag of Solana
He would be worth crazy money now if that BTC crash didnโt happen
Godralho
Demon genius tho
He is genius yes
famousfxck
That if FTX would fail, it would cause a black swan event
Tbh SBF was a genius but he forgot one thing
lil m
also using others peoples funds to trade with his firm to cover losses and stuff. That is just retaarded. If he just ran ftx without gambling with user funds he would be one of the ritchest men in the world right now
Godralho
SBF shouldn't trade any coins
lil m
yeah fuuck that guy
bankman fried is where he belongs though. its completely different in my opinion but they seem to be seen in the same lightGodralho
Agreed. He is the one who shorted UST a ton tho
lil m
yeah true. it was a pretty epic blow up
Godralho
The biggest fail in the crypto history
lil m
bankman fried is where he belongs though. its completely different in my opinion but they seem to be seen in the same light
Godralho
Failed too big
I agree that his intention is not a scam
i mean. i soccer trainer is responsible for his soccer team. but when the team looses should he go to jail?Lucky Boy
They should cutoff his hands for stealing like in Saudi Arabia
lil m
This guy do kwan namen his actual doughter Luna lmao. Is that someone that started this as a scam? i would doubt it
but i know im the minority in thinking like this.
im not so sure
lil m
i mean. i soccer trainer is responsible for his soccer team. but when the team looses should he go to jail?
Godralho
Anyone who cause market crash might be charged
He is responsible anyways because he was a leader of LUNA
Lucky Boy
No this one has collateral
Lucky Boy
Oh i must have misread the news
lil m
we are doing the same thing here sir haha
Godralho
He was trying to come to Korea
Lucky Boy
Bassically printing moneh out of thin air
lil m
hes in usa now yes. but i think he plead non guilty
Lucky Boy
He got extradited right
lil m
thinking an algo stable coin could work?
Godralho
to be arrested
lil m
for what though
good for him. im honestly not mad at do kwan or this guy. its just placing a bet where you think markets will go and if this project would work outLucky Boy
He plead guilty
lil m
im not sure why do kwan has to be put in prison for that
good for him. im honestly not mad at do kwan or this guy. its just placing a bet where you think markets will go and if this project would work out
Godralho
What a legend lol
Lucky Boy
Made billions
lil m
he shorted luna to 0 right?
Godralho
That's crazy man
lil m
sold like 5 percent i had available on 100 dollars and ran the rest to 0 lol
lil m
i bought at 7 and ran it all the way up lol. I remember wanting to sell when market cap of ust came to close to the market cap of luna. but i was 2 months abroad and didnt have acces to my coins to sell. Should have just flown home i guess
its never his intention for this thing to blow up. it was just miscaculated. if it had a little bit longer of a runway with accumulating btc and other coins back at the time to back ust it would have worked imoGodralho
The disaster began with UST listing on FTX
lil m
its never his intention for this thing to blow up. it was just miscaculated. if it had a little bit longer of a runway with accumulating btc and other coins back at the time to back ust it would have worked imo
Godralho
I held Luna at $0.02 from private sale but I sold at 0.2 lol
What is grc?
Lucky Boy
@Godralho you know grc?
lil m
meh, this guy is still a legend in my opinion. in a lost more then 6 figures in this one.
this coin is basically just luna, only with it actually being backed by real world assets. This thing can go a lot higher in usd0 marketcap then everyone thinksGodralho
Yes and I am so shameful that Luna founder is Korean
lil m
when a coin is correlated to the market cap of th estable coin you have a fly wheel. its basically luna all over again only they learned from their mistakes
this coin is basically just luna, only with it actually being backed by real world assets. This thing can go a lot higher in usd0 marketcap then everyone thinks
Lucky Boy
Yeah some says if it does not hit ath after the 7th its all bs
Lucky Boy
Agreed lol
Godralho
I think the best marketing is the token price lol
Lucky Boy
A little bit of good marketing here and therr
i think with a little bit of good ui and more accomodation for the poor this will hit 10b in 2 years
Godralho
My expectation of BTC top is 150~180k
Lucky Boy
The first coin to hit 90k is yfi right?
Godralho
Don't you think bull market will be over this year?
Lucky Boy
Mcap
Godralho
Did you mean 10b at FDV?
lil m
i think this project actually has the potential to be a threat for tether. which might sound pretty insane now. the only thing it needs to solve for that is to become deflationary. if it burns more then there are emmisions you have a infinate money loop. i think this is achievable when it integrated other stuff that generates fees and burns a portion of that when its being used in protocols
Godralho
My avg price is 0.91
Lucky Boy
2years 10b.
Lucky Boy
2 years
Godralho
20x from here? wow
lil m
that covers a bit of the downside when a fomod in lol
Lucky Boy
10b
lil m
there like a 30 percent free arb there
Godralho
I expect this project to be valued at 3B mkt cap
well, i fomo'd pretty hard on this one. my average is like 1.10 when i found it haha. Since then i got a bit worried about the emmisions, but i think as long as usd0 will go up in market cap which i think its innevatable then at least xusual should be fine.Lucky Boy
I think a good strategy for you is borrow sell so you can average it down
Godralho
I think that is the mechanism of this project
lil m
usual itself without the emmisions is a pretty dangerous investment though i think
well, i fomo'd pretty hard on this one. my average is like 1.10 when i found it haha. Since then i got a bit worried about the emmisions, but i think as long as usd0 will go up in market cap which i think its innevatable then at least xusual should be fine.
Lucky Boy
Why would anyone not love this coin man it has deep fukin value.
Godralho
Are you bullish on USUAL too?
That is not bad
lil m
its burning like 3 million usd per month i think more than its emmitting
Lucky Boy
not that much
lil m
i actually bought some pancake last week after 3 years of being out. its also burning more than its emmiting at the moment. so supply is deflationary at the moment
Godralho
Are you money printing machine? lol
Lucky Boy
I love this coin man. you can profit when it bearish you can profit its bull. Its a profitable venture
lil m
things are different now haha
what a great time
lil m
pancake swap was good times. bought it around 1 dollar before the run up during the bsc defi hype summer
Godralho
This coin is my second investment for Defi. the first was Pancake swap back then lol
lil m
its likely it turns around at one point due to it burning more than 1 percent of its total supply every month, but thats a entire other topic i guess
Thatโs clearly not the case for most projects, and Rollbit has unfortunately never been understood by the marketlil m
it has though it did like a 100 x. its been in a bear when other coins have been in a bull though the last year
Noรฉ
๐ซก
Also look at our Earnings per Token
i agree, xusual is actually my biggest holding of those 3. im just saying you shouldnt buy this for the pe ratioNoรฉ
Ofc, but it is a good indicator of health when you compare it to others RWA projects
Lucky Boy
This coin really is a tell bonus round in life. Its a gift from God
lil m
i agree, xusual is actually my biggest holding of those 3. im just saying you shouldnt buy this for the pe ratio
Godralho
Not everyone is like you. When the price goes down, I am pissed! haha
i am in a lot of protocols with way lower pe ratio's honestly. banana gun and rollbit for exampleNoรฉ
Thatโs clearly not the case for most projects, and Rollbit has unfortunately never been understood by the market
Lucky Boy
Yeah im also bullish on the dowside of this coin. And super bullish in the upside. Haha
unknown l
very different projects
lil m
i am in a lot of protocols with way lower pe ratio's honestly. banana gun and rollbit for example
unknown l
ludicrously
we are also getting a fee swich in a couple days that will add 40 percent in real yield in usd0 to xusual holders. So in that case there is an argument there is no dillution going on since the apr in usd is equalling that. Its pretty interesting if you think about itNoรฉ
Emission is based on the revenue, itโs not Curve, thereโs something backing it
unknown l
relative value very good
lil m
we are also getting a fee swich in a couple days that will add 40 percent in real yield in usd0 to xusual holders. So in that case there is an argument there is no dillution going on since the apr in usd is equalling that. Its pretty interesting if you think about it
Noรฉ
P/E of Usual is maybe one of the fairest of all crypto, around 60-70 FDV while Ondo is at like 999999999
unknown l
and as Noรจ says protocol valuation metrics
as long as the yields (40 percent) are way way higher then the income the protocol generates with that revenue(4 percent) its going to be tough to go up i think. That means there is 36% gap of dillution going on. any opinions on this? I think if apr for usd++ is around 15 /20 percent its still the highest yielding stable coin in the game. It would just have a lot less dillution.unknown l
look at magic emissions while it 200x'd
as long as the yields (40 percent) are way way higher then the income the protocol generates with that revenue(4 percent) its going to be tough to go up i think. That means there is 36% gap of dillution going on. any opinions on this? I think if apr for usd++ is around 15 /20 percent its still the highest yielding stable coin in the game. It would just have a lot less dillution.Noรฉ
Did you check the P/E of other protocols lmfao?
lil m
to be fair not everyone is staking their usualx so the real yield for those holders is probably a lot higher then 4 percent. If the real yield of xusual and usd++ dillution get near the same apr its a slam dunk long i think
if its profitable to short with a hedge price will just stable out while the shorts keep piling. That might set up for a pretty epic short squeeze at one point.famousfxck
Not always tho, or just when funding rates becomes good for longs again
Lucky Boy
Then we get happy then it goes down again. People get frustrated here in discord in the square hahah its psychological warfare
Godralho
But MM always destroys the consensus
as long as the yields (40 percent) are way way higher then the income the protocol generates with that revenue(4 percent) its going to be tough to go up i think. That means there is 36% gap of dillution going on. any opinions on this? I think if apr for usd++ is around 15 /20 percent its still the highest yielding stable coin in the game. It would just have a lot less dillution.Godralho
I think this is the market consensus imo
Lucky Boy
Then it will pump
Lucky Boy
They get buyed back right away coz the borrowing normalized to 2%
There are whales who specifically short reward tokens with high emission. SBF used to be onelil m
as long as the yields (40 percent) are way way higher then the income the protocol generates with that revenue(4 percent) its going to be tough to go up i think. That means there is 36% gap of dillution going on. any opinions on this? I think if apr for usd++ is around 15 /20 percent its still the highest yielding stable coin in the game. It would just have a lot less dillution.
Godralho
Many people starts shorting this ocin
I would love to see all shorts be burnt
Lucky Boy
Yeah i was saying earlier this coins is getting shorted big time
Borrow sell
I checked with other exchanges same
Lucky Boy
This is a tell that the amount of borrowing in binanmce is unusually high
Godralho
The matter is when the accumulation is over
Lucky Boy
Its a self shorting coin with good upside profitability lol
Yeah thats what we do short it during rewards claim
Godralho
Hmm I didn't know about that
Gunner funk
Usual is now the whales favourite token to short after CRV
SBF literally killed most of defi token prices
There are whales who specifically short reward tokens with high emission. SBF used to be one
Godralho
I 100% agree with you
lil m
unless it just dumps i guess, but it doesnt have to be a bad thin
if its profitable to short with a hedge price will just stable out while the shorts keep piling. That might set up for a pretty epic short squeeze at one point.Godralho
But it doesn't follow huge volume tho
lil m
if its profitable to short with a hedge price will just stable out while the shorts keep piling. That might set up for a pretty epic short squeeze at one point.
Lucky Boy
The mm has large room to paly around 1.4 - .8
Godralho
I think It will take time to reach 1.2
Lucky Boy
But there i can tell if it will excee 1.2
Godralho
Well daily volume seems to be dead lmao
Dunno who he is probaby MM
Gunner funk
Who?
Godralho
Probably long liquidation
Lucky Boy
Yeah but if you checkef the day chart it doesnt meet the standard of the true volume
Godralho
I also think he sold and bought again
It was this
Lucky Boy
Buying and selling to himself
The fake pump without volume is a tell hahaha
Godralho
Because my time it was around 5~6PM, some whale dumped with market price, then 2hours later this order book showed up.
unknown l
makes sense they'd want to get established trading usual though
unknown l
yeah I remember you said they weren't an incentivised MM
Lucky Boy
Its all a fugazi
Lucky Boy
It get cancelled right away ive sen those
Godralho
He bought more than 5M $USUAL
I saw over 1M $USUAL buy side on the order book, am 100% sure this one made price went up
Noรฉ
Theyโre actually not our MM, they are doing this on their own
Lucky Boy
Low risk infinite upside
unknown l
we want dwf or someone else who'll put the pump on the coin
Lucky Boy
Its better with calls options lownriskbhigh yield
Godralho
This MM on $USUAL want to destroy bot Long and Short
unknown l
they suck tbh
Lucky Boy
Nobody wants to pay out those
unknown l
can see on Arkham that wintermute is a major MM for usual
Godralho
Exactly, feel like MM is watching all long postions
Lucky Boy
My chinese friend says its harder than a tigers game haha
Literally went under to take out all those longs
Godralho
There is something in this project
Lucky Boy
Its always someone trying to take away money from someone
unknown l
but that's a special situation
Godralho
Some of coins on Upbit performs very well but new listing coins normally very underperfom
Lucky Boy
Same with svb we took it to zero
Godralho
Listing upbit means this coin is almost over
Lucky Boy
Frc did we took it to zero
Rage4lyf00
Wen listing on upbit
unknown l
market never lets this kind of behaviour profit for long
Lucky Boy
In havent checked ill try to do a side by side chart
Godralho
I don't know $USAL is a beta play for ETH or not
I think $USUAL might follow $ETH price action also
Lucky Boy
Apes come together stronk
The algo looks the same as movement of tesla but smaller
The oscillations are a tell hahah
Lucky Boy
Hahaha you know right its so easy. That why i keep on saying usual is a gift that keeps on giving
Rage4lyf00
Bottom confirmed
Godralho
They say : Want to easy money? Short $USUAL when it has green candle lol
Lucky Boy
Theres a true range the true range is the price after premarket to ath
unknown l
that is genuinely good to hear
I choose 3.6
Godralho
In Korean crypto community, many people short $USUAL nowadays
famousfxck
I chose 2.6
unknown l
I choose 1.6
Lucky Boy
Pros know it its very easy to spot hahah
Yes, and hedging something that volatile isn't done by everyone and requires a bit of monitoring, so it's statiscially minimal imhofamousfxck
And many people shorting because funding rates are beneficial for shorters
Godralho
I think MM can make the price 0.6 or 1.6 very easily
famousfxck
Donโt forget alot of people are being hedged now also
Lucky Boy
Bro the chart is a tell eveyone knows it so easy to spot oppurtunities
famousfxck
They want all paperhands out before they send this one
Imo itโs just one big manipulation
Godralho
But I could see how it is easily manipulated
Today price action was a bit of disappointing to me tho
Lucky Boy
We did good today thanbyesterday
Okay Lucky Boy, after doing a bit more digging, there is an address called FEE_SWEEPER_ROLE that is the only one that can redeem the 10% withdraw fees from USUALx vault.
When the FEE_SWEEPER collects the fees, 33.34% of USUAL tokens are burned and the rest are transferred directly to the Yield Treasury Contract address.Godralho
What does that mean?
0x81ad394C0Fa87e99Ca46E1aca093BEe020f203f4
This is the contract treasury address, where the USUAL tokens from 10% withdrawl fees arrives, weird ENS for the contract creator: fromzero.ethLucky Boy
Bro can you collate all this in a sub reddit we cant do like this in chat its hard messages gets moved
Godralho
Daily candle seems to be a turn around to be uptrend.
peli
0x81ad394C0Fa87e99Ca46E1aca093BEe020f203f4 This is the contract treasury address, where the USUAL tokens from 10% withdrawl fees arrives, weird ENS for the contract creator: fromzero.eth
Lucky Boy
Theres a lot of leveraging at that time. I have chinese lady friend who have a huge leverage position at .8 im not sure she already closed it
Godralho
Do you see more dumping coming?
Godralho
I can see how crazy volume it was when it was pico top
Lucky Boy
My speculation its just the mm trying to mintain the price for the dump
Lucky Boy
mediocre the true pump is above 200 24hour volume
Godralho
When it was shooting up yesterday, do you think the voulume was positive?
peli
Okay Lucky Boy, after doing a bit more digging, there is an address called FEE_SWEEPER_ROLE that is the only one that can redeem the 10% withdraw fees from USUALx vault. When the FEE_SWEEPER collects the fees, 33.34% of USUAL tokens are burned and the rest are transferred directly to the Yield Treasury Contract address.
Lucky Boy
What they cant hide is the volume
Godralho
Some body dump big with market price and later on huge buy comes in
Lucky Boy
Order book is fake anyone can bluff there
I look at 4 hour and daily
Godralho
I am paying attention to the order book for a couple of days
Lucky Boy
Depends on timeline on your chart
We are accumulating
Godralho
I think this moving is accumulation phase
Lucky Boy
We are at the accumulation phase
Lucky Boy
Volatility is good its a double edge sword. Everything stock or crypto it goes to A M D accumulation manipulation and distribution
Godralho
It just dumps crazy and shoots crazy lol
Volatility is good bro what are you talking about, oscillations can return good profit you knowGodralho
May be I am not a proffesional trader like you haha
Lucky Boy
Volatility is good bro what are you talking about, oscillations can return good profit you know
@Lucky Boy btw it's burning afaik
Noรฉ
huh
Godralho
$USUAL is one of the most volatile coins I have ever seen lol
So difficult to react against volatility
Lucky Boy
Or exited the position spectacularly without loss if you have the coins to cover
Noรฉ
(or you get squeezed lmeow)
I mean hedging is 100% normal, it's the case for absolutely all markets and it's normal behavior
Yes, and hedging something that volatile isn't done by everyone and requires a bit of monitoring, so it's statiscially minimal imhoIf you are not hedging you dont have downside risk protection
Noรฉ
you also have to lock capital in order to hedge, or use leverage (which increases the need to monitor)
Noรฉ
Yes, and hedging something that volatile isn't done by everyone and requires a bit of monitoring, so it's statiscially minimal imho
I'd advise reading the docs
Noรฉ
Well there's two parts for USUALx, one which is $USUAL rewards, because it's revenue based, and the other is the future rev-switch
Mava (AI Support)
The revenue generated by the Usual protocol is distributed to token holders through the $USUAL token. 90% of the protocol's revenues are allocated to the community via governance tokens, while 10% is distributed to insiders such as the team, advisors, and investors. This distribution is designed to ensure that the community benefits from the protocol's growth and success. Reference: 1
Mava AI BetaNoรฉ
also, people using hedge aren't the majority tbh
Godralho
How the 'revenue' will be distributed to token holders?
Noรฉ
I'm not really worried about people hedging, how could you blame them, that's just normal market behavior tbh
Lucky Boy
Yes it has deep fukin value now due to dividends?
Noรฉ
and is revenue-based, meaning if it gets scarcier while there is the same amount of revenue, the implied value per token rises over time
Noรฉ
You do know that $USUAL gets scarcier over time?
Lucky Boy
And will propagate every hour
Lucky Boy
16:30 cst in my side
Godralho
It will be very difficult to maintain the token price for the long term IMO
Around this time dumping always occured
Due to the high APY, many usualX holders have a tendency to make a short position to hedge against token price dropping. On top of that daily emission can also have impact on selling pressure. I think it helps sell side than buy side. How can we fix this?Lucky Boy
Yes this what i do there is a dump schedule. You can notice the time in the daily chart
Godralho
Due to the high APY, many usualX holders have a tendency to make a short position to hedge against token price dropping. On top of that daily emission can also have impact on selling pressure. I think it helps sell side than buy side. How can we fix this?
Noรฉ
checking rn btw
Lucky Boy
Yes after that
Noรฉ
In what context sir? In four years minimum, as planned?
lil m
not sure what the plans are for this though. does anyone know?
Lucky Boy
@Noรฉ sorry for stupid question. But what happens if all coins are already minted?
lil m
there probably should be a burn mechanism implemented to keep the flywheel effect intact. Or it would go at least a accelarated timeline by doing this. half of revenue being burned and other half being distributed to usual holders
lil m
got it ๐
but i understand. this entire scheme is thought out extremely well. thats why its just somewhat surprising to me this is not thought aboutNoรฉ
This is thought about sir, this is the most efficient way
Lucky Boy
@Noรฉ how about the burning did you get the answer if the token is removed from the game?
famousfxck
https://tenor.com/view/goku-son-goku-db-dragon-ball-gif-3129327465965424915
Noรฉ
Nope, even if people in the future could choose between a speculative yield in $USUAL and a risk-free guaranteed one in USD0, it would be claim bearing in our case
lil m
but i understand. this entire scheme is thought out extremely well. thats why its just somewhat surprising to me this is not thought about
you can do both though. Have people choose what they use
basically and usd++ that would go higher and higher then 1 dollar. with the yield compoundend in the assetNoรฉ
That's not how the protocol is designed tho, it's intended for USD0++ to not be yield bearing (but to be claim bearing instead), because in our case, it's more efficient.
lil m
i apprecheate your explanations sir
No, you're overthinking it. We differentiate those buckets and the USD0++ held there, so it's not because part of it is LP'd on Curve that they "forfeit" their USD0++ "base" rewards to others. They are separated.lil m
i understand, but its not the perfect defi tool to be used in this case because of it in my opinion.
yes understand. I am in a lp pool on another chain with some other tokens where it means you would get both yields. its just differently set up i guess. it would be pretty sick if they also introduce a yield bearing usd++ so you can earn additional yield by using it in defi like earning lp fees and all thatNoรฉ
Well you do get additional yield by using it in DeFi sir. We give the $USUAL rewards (claim bearing) for the bucket you're in, but if you're in the USD0++ "basic" bucket, receiving 45% of the emission, and on top of that you're let's say on Polynomial, who gives $OP incentives plus trading fees, you also get those on Polynomial.
lil m
basically and usd++ that would go higher and higher then 1 dollar. with the yield compoundend in the asset
Basically, all USD0++ that is just held or in integrations that aren't the Curve pools mentioned in my screenshot, share 45% of the USUAL emission.
Curve pools on the other and, get a different % of the emission, to always have a proportional amount of the TVL on the secondary market, as previously explained.lil m
yes understand. I am in a lp pool on another chain with some other tokens where it means you would get both yields. its just differently set up i guess. it would be pretty sick if they also introduce a yield bearing usd++ so you can earn additional yield by using it in defi like earning lp fees and all that
so usd++ holders are getting even more yield then they think percentagewise. Because not al usd++ is getting rewards from the usd++ ucked since its used in lp poolsNoรฉ
No, you're overthinking it. We differentiate those buckets and the USD0++ held there, so it's not because part of it is LP'd on Curve that they "forfeit" their USD0++ "base" rewards to others. They are separated.
lil m
so usd++ holders are getting even more yield then they think percentagewise. Because not al usd++ is getting rewards from the usd++ ucked since its used in lp pools
Look at the screenshot from the WP.
USUAL's distribution is divided between buckets, one of them is for pure (just holding) USD0++, and others are for specific Curve pools.
People who LP in the USD0/USD0++ pool for example, share 10.5% of the emission - this is the APY you see on our dashboard.famousfxck
USUALx only gets 10% of the allocation but the APY is to the moon ๐
Noรฉ
Basically, all USD0++ that is just held or in integrations that aren't the Curve pools mentioned in my screenshot, share 45% of the USUAL emission. Curve pools on the other and, get a different % of the emission, to always have a proportional amount of the TVL on the secondary market, as previously explained.
so no
Noรฉ
claim bearing, not yield bearing
technically usd++ /usd0 should get half of the 45% in usd++ rewards plus the 10.5 percent at the same time.Noรฉ
No sir, it's a different bucket, Curve pools are totally different
lil m
usd++ would be a yield bearing asset if you hold it
technically usd++ /usd0 should get half of the 45% in usd++ rewards plus the 10.5 percent at the same time.
Noรฉ
More TVL = less on Curve = higher APY on Curve = people LP more on Curve etc. When USD0++'s native APY equals the APY for LP'ing on Curve, it's because you reached the perfect balance.
because of APY arbitrage
the liquidity on Curve follows TVL
meaning
This is because, with separate % between native USD0++ and curve pools, they don't dilute each other
maybe im confusing myself, but it seems to me those usd++ yield also should go somewhere since you are technically holding usd++ in that pool as well so it should be double rewards?Noรฉ
Look at the screenshot from the WP. USUAL's distribution is divided between buckets, one of them is for pure (just holding) USD0++, and others are for specific Curve pools. People who LP in the USD0/USD0++ pool for example, share 10.5% of the emission - this is the APY you see on our dashboard.
lil m
haha
i think
lil m
got it, thank you
Lucky Boy
Happened long ago when the tulip bulb mania of the 17th century is the same
lil m
aah got it, so its auto compounded?
maybe im confusing myself, but it seems to me those usd++ yield also should go somewhere since you are technically holding usd++ in that pool as well so it should be double rewards?Mava (AI Support)
USD0++ holders receive rewards in the form of $USUAL tokens. The yield from USD0++ is distributed to those who hold or invest in USD0++. This means that the earnings from USD0 are fully transferred to USD0++, and only those who hold or invest in USD0++ will receive returns. Therefore, the rewards are not 'double' but rather consolidated into the USD0++ yield.
Mava AI Betalil m
maybe im confusing myself, but it seems to me those usd++ yield also should go somewhere since you are technically holding usd++ in that pool as well so it should be double rewards?
Noรฉ
not including the fees you get as a LP etc
BingChilling
ponzi tech + ponzi strategy = gazllion dollar welcome to future of finance
Noรฉ
Nope sir, the APY is for $USUAL rewards
lil m
its different rewards though. its the lp rewards
Noรฉ
at a different APY
Noรฉ
You do
Lucky Boy
Sound promising whats the latest pyramiding scheme out there haha
lil m
but not on the lp pool right?
and where is that actual apy going of the usd++ that is not accruing rewards? is it just not seen as circulating supply?Noรฉ
All USD0++ accrue rewards
and where is that actual apy going of the usd++ that is not accruing rewards? is it just not seen as circulating supply?Mava (AI Support)
The earnings from USD0 are fully transferred to USD0++, meaning only those who hold or invest in USD0++ will receive returns. If USD0++ is not accruing rewards, it might be due to the specific platform or integration not supporting direct reward accrual. However, the USD0++ itself is part of the circulating supply as it represents staked USD0.
Mava AI Betalil m
and where is that actual apy going of the usd++ that is not accruing rewards? is it just not seen as circulating supply?
Noรฉ
Because if less people LP, APY goes up sir. Basically if you see the same APY for LP than for just holding USD0++, it's because the equilibrium was found, as intended.
lil m
but these pools are pretty deep
BingChilling
quintuple down still more profit = bet more
lil m
got it , thank you. so why would anyone lp in this case? its just added risk for the same apr?
BingChilling
we just don't know which one deliver first
BingChilling
yeah that priority there l2 network in roadmap
the apr on the curve pool for usd0/ usd++ is 37 percent. Does this mean when half of that pool is usd++ which is also earning 37% when you just hold it is also accruing rewards? This would mean my total apr would be 37% + 37/2 = 18.5 = 55.5%?Noรฉ
No, it's for the whole pool
Could be same like other restaking but you dont need switch protocol.
You can do all in usual so tvl up onlyZezzy
Look promising. But the protocal should expand to many networks to work efficiently.
with current mcap Pyramiding still the best strategy.
long side get better r:r unless we blow up billions mcapLucky Boy
Hahaha my stomach is hurting lmao
Theres a lot of stratetgy with options iron condor is good because you get profit from downside and upside volatility i find hard to do it in crypto i have to setup manuallyBingChilling
with current mcap Pyramiding still the best strategy. long side get better r:r unless we blow up billions mcap
lil m
the apr on the curve pool for usd0/ usd++ is 37 percent. Does this mean when half of that pool is usd++ which is also earning 37% when you just hold it is also accruing rewards? This would mean my total apr would be 37% + 37/2 = 18.5 = 55.5%?
yeah what you are doing if you borrow usual and sell it while holding your existing usual tokens is equivalent to 1) owning usual spot and 2) taking a short position using perps. Or it is basically the same as just selling all your spot usual for cash - with the plan to buy it back when the price falls.
It's not that far away from selling covered calls either
You have capped downside from the short because you can cover with the usual tokens you own, but you are also reducing your upside if it works (because your economic exposure to usual is still above 0%)
Longs obviously are different because you're increasing your total exposure to usual, but if the loan collateral is bnb you're effectively going long usual and short bnbLucky Boy
Theres a lot of stratetgy with options iron condor is good because you get profit from downside and upside volatility i find hard to do it in crypto i have to setup manually
Do you have any idea abt this concept? Look like the protocal accepts Btc, Eth as collaterals and issue lsd backing 1:1?Do you have any idea abt this concept? Look like the protocal accepts Btc, Eth as collaterals and issue lsd backing 1:1?Zezzy
Do you have any idea abt this concept? Look like the protocal accepts Btc, Eth as collaterals and issue lsd backing 1:1?
lil m
i dont think you understand, kind bot
yes but besides the usual rewards for the lp, am i also getting rewarded usual for simply holding the usd++?lil m
yes but besides the usual rewards for the lp, am i also getting rewarded usual for simply holding the usd++?
Are you still getting usual rewards with your usd++ if you put it to work in defi? lets say i join the usd0/usd++ pool on curve?lil m
Are you still getting usual rewards with your usd++ if you put it to work in defi? lets say i join the usd0/usd++ pool on curve?
yeah what you are doing if you borrow usual and sell it while holding your existing usual tokens is equivalent to 1) owning usual spot and 2) taking a short position using perps. Or it is basically the same as just selling all your spot usual for cash - with the plan to buy it back when the price falls.
It's not that far away from selling covered calls either
You have capped downside from the short because you can cover with the usual tokens you own, but you are also reducing your upside if it works (because your economic exposure to usual is still above 0%)
Longs obviously are different because you're increasing your total exposure to usual, but if the loan collateral is bnb you're effectively going long usual and short bnbLucky Boy
its also good to sell options you gain profit from the theta when the option expires worthless. Puts are goods for insurance purposes in the spot positions warren buffet and mark cuban use all the time
ZIGO
@Noรฉ when does coinbase trade usual
famousfxck
And then BTC0 ETH0 follows
First making USUAl staking model excellent
In terms of roadmap weโre between the pre-launch and launch
Thank for the explanation. It's great if it's real but if i choose Usual as rewards, what are metrics the mount of Usual i could get? I don't ask, just raise the question for speculations.Wouldn't be the same yield tho, it's more to give an option to people who want a risk-free "guaranteed" yield or a more speculative one.
There is no ETA on this feature tho, not a priority rn afaikI dont know if this true.
But you can lock your usd0++ for 6 month to earn more apy.
You can choose u want $usual or usd0++
So this to prevent daily dumpZezzy
Thank for the explanation. It's great if it's real but if i choose Usual as rewards, what are metrics the mount of Usual i could get? I don't ask, just raise the question for speculations.
I dont know if this true.
But you can lock your usd0++ for 6 month to earn more apy.
You can choose u want $usual or usd0++
So this to prevent daily dumpfamousfxck
Makes more sense
Ohhh yeah that could be true
Zezzy
Could you explan it clearer?
famousfxck
I donโt know if itโs supposed to be for USD0 or USUAL
Btw on the roadmap there is โ price locking โ
Like just hold 1$ please thanks
famousfxck
Same lmfao
unknown l
please repeg
i feel so much better when the price is above $1
Kogilan
01/04/2025 at 05:43:10 ESTI've just been ......
Hi guys
unknown l
yeah what you are doing if you borrow usual and sell it while holding your existing usual tokens is equivalent to 1) owning usual spot and 2) taking a short position using perps. Or it is basically the same as just selling all your spot usual for cash - with the plan to buy it back when the price falls. It's not that far away from selling covered calls either You have capped downside from the short because you can cover with the usual tokens you own, but you are also reducing your upside if it works (because your economic exposure to usual is still above 0%) Longs obviously are different because you're increasing your total exposure to usual, but if the loan collateral is bnb you're effectively going long usual and short bnb
Lucky Boy
This way i will have less exposure when the trade goes wrong i could cover with salary
See this long i have when usual went .8
That why i habe bnb because bnb is powerful always against any other coins
Then if my short went against my position it went straight up i can just cover with my usual coins in hand right?unknown l
yeah you could, although most places won't lend you the same token you are providing as collateral
Lucky Boy
But if the the trade goes favorable it went down "i have the option to rebuy the usual tokens" to pay loan cheap with extra profit
As if exited the market in the position before it went up
Then if my short went against my position it went straight up i can just cover with my usual coins in hand right?
unknown l
you're right
yes
Mava (AI Support)
Yes, if you take a loan in USD0 and immediately sell it for USDT, you are effectively shorting USD0. This is because you are betting that the value of USD0 will decrease relative to USDT, allowing you to buy back USD0 at a lower price to repay the loan. Reference: 1
Mava AI BetaLucky Boy
If i make a loan of usual then sell it immediately for usdt i made a short right?
Mava (AI Support)
Yes, by taking a loan in USDT and using BNB as collateral to buy USUAL, you are essentially taking a long position on USUAL. This means you are betting that the value of USUAL will increase over time, allowing you to profit from the price difference.
Mava AI BetaLucky Boy
I make a loan of usdt then collateral some bnb then buy usual i took lile a long right?
unknown l
how does margin work?
Lucky Boy
How does that work can you tell me
Lucky Boy
Its like with margin?
Out of the money calls right now if there would have been perfect before the 7th
unknown l
i do like non liquidatable leverage but most people do just destroy value with options
Lucky Boy
Butbit would be good to buy calls now lots of it
unknown l
do you think anything about financial markets might have changed since then tho?
Lucky Boy
Yeah its a more advance derivatibe instrument
Noรฉ
I wouldn't advise to use options for majority of users lmao
Lucky Boy
Yes
unknown l
not loads but occasionally i decide to light some of my money on fire
Lucky Boy
But i think usual is more like a crypto security
unknown l
i think ppl just use them to degen + people that care more about liq do perps
options spreads on them are all generally really bad (and compare unfavourably to tradfi which is unusual for crypto), nobody has really cracked token options imo
famousfxck
They would be missing out on a lot of money if they donโt
Lucky Boy
You guys do options? Or have idea with options?
famousfxck
If we hit a crazy number like 5B$ TVL, every platform has to take us seriously
Time will tell, we just have to prove ourselves now tbh
unknown l
they mostly really struggle for liquidity even on majors
Lucky Boy
Yesh im talkong about options contracts
unknown l
or synquote or anything similar
i wouldn't expect usual to be on deribit
that would be very cool
Lucky Boy
Im talking about options contract
famousfxck
Option to lend USUAL and borrow USDC/ USD0
Spot listings everywhere
Team is probably working hard to fix that
Lucky Boy
im just wishing that someone is selling options for this in deribit but there no one sellingnits all btc
famousfxck
3$ would be my first moon target
famousfxck
Inshallah
Egaspol
Hi @Mava (AI Support) what is the exact formula of revenue switch APY?
Lucky Boy
Its accumulation
See its a breakout
Lucky Boy
See the time stamp of the dumps is alnost identical day by day ive been here for a week calling douple top im watching it
unknown l
simplest explanation would be time zone rather than coordinated (but conclusions could be the same)
no mava not you
unknown l
claim is usually around this time?
Lucky Boy
You can be right but what im saying is the price falls everytime during this claims
Just dyor and see if im wrong
I dont know but if they claimingbin this times the price falls
famousfxck
They staking it for long term
Donโt even dump their usual
And whales who have 100M$ in Usual
Lucky Boy
Just like in any launchpools
Bro they are usong multiple wallers
famousfxck
Selling 40k daily doesnโt do anything to the price
That is nothing
Lucky Boy
That when they are claiming its dumping
famousfxck
You can only claim 40K usual daily
Bro even with 10 million dollars in USD0++
Lucky Boy
Theres a correlation
But theres a pattern you undrstand me
famousfxck
Claiming doesnโt mean selling lol
Lucky Boy
Its the same time of when the price is going down
unknown l
they are talking about the wallets the address is sending to
famousfxck
Itโs not 1 man
Lucky Boy
Yeah but if you time it with this claims
famousfxck
This only shows claims of everyone
Bro the 00xnul is just contract address
Lucky Boy
Yes you misunderstande me they have multiple wallets just like what they do in bnb launchpools
famousfxck
LMFAO
Thatโs literally the contract address everyone is claiming from
Lucky Boy
Yes
famousfxck
Bro this is not 1 wallet ๐๐
Lucky Boy
They have schedule to dump if you notice the time yesterday of dump and time today its almost the same
So our plan is to sell also when they the chinese start dump then buy back later
We already have discussion of this from seperate group
unknown l
it's a lot of money to most ppl tbh
Lucky Boy
its multiple wallet if you go to etherscan the dump is coming everytime the claims is happening claims happening from multiple 10k coins
@unknown l maybe small amount for you but its big for me
Usual
Lucky Boy
I ask treebeard before help to stake
I stake in web3 wallet only usualx 1600 coins but i have 6k coins in binance exhange wallet because i sold half a while ago
unknown l
how much of the sell pressure is legit just one guy?
unknown l
do you have the wallet link?
Lucky Boy
Yeah we are doing good today now is a good entry
the small guys are staking and that guys is dumping making eveyone a c u ck
famousfxck
Everything statistically wise is doing good
Lucky Boy
But the chinese bastard is dumping daily
famousfxck
Despite the meh price action of Usual
Usual users have very high conviction in the project
Almost half of the supply is staked, thatโs insane
Incredible low float man
Compared to circulating supply like 35.5% is staked
Lucky Boy
It will go up soon
famousfxck
Not even circulating
And this is compared to TOTAL supply
Now at 33.7% ๐
Lucky Boy
Just rebuy when it goes down
famousfxck
We were at 25% staked just a couple days ago
But USUALx is also growing fast
Supply is going up daily by like 2-5m
Lucky Boy
If you borrow coins and sell it immediately
unknown l
very true
famousfxck
Most people stake it again
Lucky Boy
You can borrow coins then sell it
famousfxck
So itโs not just people farming USUAL and straight dumping it
Lucky Boy
But if you guys doubting you can exit without really selling.
famousfxck
33.7% of the total supply now is being staked
But also a lot of being staked too
usual has a high fdv but actual circulating market cap is much lower (just the issue is high inflation)famousfxck
Lots of emission yeah
Lucky Boy
Its in accumulation
I think the coin is bullish
unknown l
usual has a high fdv but actual circulating market cap is much lower (just the issue is high inflation)
Lucky Boy
Its 3b market cap now i got lucky very lucky
unknown l
mantra is at almost 4bil market cap
famousfxck
Mantra was worth peanuts at .7-.5 not comparable at all
unknown l
it's not the drawdown for me it is just how heavy trading has been since
unknown l
did also run like 8x to the peak
Lucky Boy
Now the price is 3 to 4
That normal when i bought om mantra at .7 it went to .5
famousfxck
We went 3X down harder than BTC during peak
Lucky Boy
Its still a new coin plenty of chance to be successful
famousfxck
But that doesnโt mean anything because we went more down than BTC
We bounced with 18%
Lucky Boy
Yes because michael saylor is swallowing btc coins any chance he got
famousfxck
BTC bounced 8% from the bottom 91.5K
Lucky Boy
But its not that bad compared to yesterday.
famousfxck
Anyway super horrible price action
Lucky Boy
Nobody knows whats gonna happen
Its not that bad compared yesterday
Yesterday the lowest see
famousfxck
0.7-0.8$ would be really max pain for me tbh
Lucky Boy
Where making higher lows
famousfxck
Still not out of the trenches
Lucky Boy
If .8 is broken its sureball .6 hahaha my orders at .6 will be filled
famousfxck
We are currently making lower lows and lower highs
Kogilan
01/04/2025 at 04:30:52 ESTHello guys Don't trust anyone on the platform
unknown l
how can a lower low go high?
unknown l
??
Lucky Boy
Theres still chance because the daily lower lows are going high.
unknown l
please save us rev switch apy
Yi Long Max
yep, $0.2 seems realistic. ๐คฒ ๐งโโ๏ธ
famousfxck
Every -1k$ decline from BTC, we will dip 10 cents
If BTC goes back to lower levels
At this point crashing to 0.60$ is easy
unknown l
i am officially depressed
Lucky Boy
Its hard to squeeze the short because of the chinese bastard who is dumping coins
famousfxck
We barely went up lol and then dipped harder than the rest
Usual dipped with 8%
Most coins dipped with 2-3%
This price action bro ๐คฆโโ๏ธ
Lucky Boy
Its being shorted plus the usd0++ reward dump double whammy
Its being shorted because everytime the interest goes back to 4% the price of usual goes up it the buy back
basedscarf
up only
Yi Long Max
https://tenor.com/view/joker-well-whatever-oh-well-yea-ok-gif-16423376
Rage4lyf00
We going 1.4
Rage4lyf00
Never
Yi Long Max
hey anon how soon will we drop to $0.5? ๐งโโ๏ธ
Yes can you make a deep reddit thread with your thesis with all the details send me the link lets discuss thereLucky Boy
If you do that youll get a little bit of how a true degen regard iam hahah ive been a member of bets since gme
Kogilan
01/04/2025 at 02:28:10 ESTThanks
Lucky Boy
I did mot stake all my coins i have mine ready to move
Yes can you make a deep reddit thread with your thesis with all the details send me the link lets discuss therepeli
Cool
Because there is another mechanism, when accumulated fees are swept by treasury address a portion of the fees is burned and the other gets transferred to treasuryLucky Boy
Yes can you make a deep reddit thread with your thesis with all the details send me the link lets discuss there
peli
Thats the beauty of smart contracts, everything is visible to everyone to critic ๐
Because there is another mechanism, when accumulated fees are swept by treasury address a portion of the fees is burned and the other gets transferred to treasury
Kogilan
01/04/2025 at 02:24:05 ESTAre u guys experiencing an increase in value of your usual x coins relative to the usual coin.Wheres the 256apy.Is it a gimmick.
Lucky Boy
Because maybe you could be wrong or right. I just want to see the actuakml flow
peli
Sure Iโll do a bit more digging into the treasury contract and come back with a more detailed investigation.
I donโt use X but we can talk on DMs if youโre interested in the subject, my intention is not to create FUD but seek tranparencyLucky Boy
Maybe you can make a reddit thread with all the details of your thesis and flow of this so non technical people can understand.
peli
I donโt use X but we can talk on DMs if youโre interested in the subject, my intention is not to create FUD but seek tranparency
Thats not correct, fees are no longer vault shares, they got converted in concrete asset (USUAL token) and moved to accumulatedFees bucket and manually moved to treasury address by a contract call.
Hence existing USUALx holders do not directly receive the withdrawer 10% shareLucky Boy
Can you make a detailed post of this thesis in x i want to study it
peli
Thats not correct, fees are no longer vault shares, they got converted in concrete asset (USUAL token) and moved to accumulatedFees bucket and manually moved to treasury address by a contract call. Hence existing USUALx holders do not directly receive the withdrawer 10% share
Can somebody explain where does the 10% withdrawl fees from USUALx unstaking goes ? Iโve investigated the smart contract and they get accumulated in a bucket and sent over to the treasury address rather than staying in the vault for existing stakersMava (AI Support)
The 10% unstaking fee for USUALx is paid in USUALx and is redistributed to all current USUALx holders. This means that the fees are used as buybacks and added to the total underlying USUALx, benefiting those who continue to stake.
Mava AI Betapeli
Can somebody explain where does the 10% withdrawl fees from USUALx unstaking goes ? Iโve investigated the smart contract and they get accumulated in a bucket and sent over to the treasury address rather than staying in the vault for existing stakers
BingChilling
https://tenor.com/view/el-risitas-lol-lmao-so-funny-laugh-gif-17907880
JazzySt
Whereโs Mr. Lin lol we need his uncle whales
I close my eyes itโs playing beautifully wake up and the jeet market has done its damage again ๐คฃ da f k hahaha Beijing whales arenโt doing their job to counteract when they usually play nice
Gm Gm
Lucky Boy
Its that chinese guy again eh?
@BingChilling man im so bullish about todays dumpiness the chart offers a lot of oppurtunityBingChilling
Lmao buy more usual
Lucky Boy
@BingChilling man im so bullish about todays dumpiness the chart offers a lot of oppurtunity
Mava (AI Support)
Pendle YT UsualX and LP UsualX both earn rewards, but the specifics of fee distribution are not detailed in the available documentation. Generally, USUALx rewards are auto-compounded, and fees collected from USD0++ are used to buy back USUAL for distribution. However, for precise details on fee switch mechanisms, further clarification from Usual's support might be needed.
Mava AI Beta
Jimny2024
Hmm, i wonder whether Pendle YT UsualX or LP UsualX get fee swith?
Lucky Boy
Everyone is quite looks like calm before the storm. Hehe will it go up or will go down.
SatoshiXXX
GM
Mava (AI Support)
If your wallet appears connected on Usual Money but you're experiencing issues, it might be a temporary glitch or a specific issue with the connection. Ensure that you are on the correct website and try reconnecting your wallet. If the problem persists, consider clearing your browser cache or trying a different browser.
Mava AI BetaKogilan
01/03/2025 at 19:48:43 ESTDoes this mean my wallet is not correctly connected even though it appears on usual money
When I last checked my conversion rate from usual x to usual is decreasing rather than increasing
Mava (AI Support)
When you swap USUAL for USUALx, you are essentially participating in a staking mechanism where USUALx acts like a vault share. The interest or yield you receive is not directly tied to the act of swapping but rather to the staking mechanism and the rewards accumulated over time. The 256% interest rate you mentioned would depend on the specific terms and conditions of the staking program you are participating in. It's important to ensure that your wallet is properly connected and that you are following the correct procedures to earn the stated interest.
Mava AI BetaKogilan
01/03/2025 at 19:45:10 ESTI was able to swap usual for usual x on metamask.Didnt have to connect wallet.Will I get the 256% interest
Mava (AI Support)
The 256% APY is calculated based on the compounding of returns over a year. APY, or Annual Percentage Yield, includes the effect of compounding, meaning that the interest earned is reinvested to earn more interest. This rate is typically calculated assuming a daily compounding frequency, which means the interest is calculated and added to the principal balance every day. This results in a higher yield compared to a simple interest rate.
Mava AI BetaKogilan
01/03/2025 at 19:43:03 ESTHow does the 256% apy work
lirrboroncruiser
https://usualmoney.notion.site/Usual-Explained-111ab2a39ead80169c09c4419ce62a6c
kiratsunami
bro where did you find their roadmap
purple line is % staked, you can see that it increases constantly, meaning at each cycle, more and more people stakekiratsunami
what website is this ?
yns94
Thanks for sharing ur knowledge bro
Im going to learn about it
Its not money glitch options can expire worthless if nothing happens profit goes to the sellers the theta well at least lessbrisk theres a lot of options strategy like iron condor
Lucky Boy
Options are good. You can sell them also and gain profit form the theta. Warren buffet use em all the time
yns94
Interessant
New money glitch
Oh i see
yns94
Ive never used it
Theres not too much volume in that no?
yns94
So you can be safe
yns94
Yeah i think it will go up this night no dump
Lucky Boy
@Noรฉ burnt meaning removed from the game, from total supple eh?
Lucky Boy
Im doing nothing im sitting this one out
Talal
30% of the 10% unstaking fees goes to stakers . Where will the 70% goes ?
Mava (AI Support)
USUALx acts like a vault share, meaning your share increases in value as rewards accumulate. To check your earned interest, simulate an unstake in the dApp. The conversion from USUALx to USUAL will reflect your accumulated rewards.
Mava AI BetaKogilan
01/03/2025 at 17:00:12 EST@Mava (AI Support) I have usual x tokens in my metamask wallet.How will I know I earned interest
Lucky Boy
Meh im not going ro do anhthing and just drink outside
Or do nothing and drink a few pints outside?
So borrowed sell again just incase? at the moment of good green candle cover the margin?
Mava (AI Support)
The concept of equilibrium in the context of USUALx refers to the balance between long-term participation and rewards distribution. The system is designed to incentivize long-term staking by redistributing fees from short-term users to those who remain staked. Exiting and reentering might affect your rewards, as fewer stakers mean higher rewards for those who stay. However, timing your exit and reentry depends on your personal strategy and market conditions.
Mava AI BetaLucky Boy
Did we find equilibrium is this a good exit point and reenter again later?
Talal
Where does 10% fees of unstaking usualx goes ?
Mava (AI Support)
The tokenomics of USUAL are structured around two main phases: 1. USUAL Token Issuance: USUAL tokens are issued based on the amount of USD0++ minted. Each minting event triggers the issuance of a corresponding number of USUAL tokens, reflecting the growth in protocol activity and underlying assets. 2. Distribution of USUAL to Value Contributors: USUAL tokens are allocated to users who contribute value to the Usual protocol. This distribution incentivizes behaviors that enhance the protocolโs growth, security, and overall adoption. Value contributors may include liquidity providers, active users, and partners who bring additional Total Value Locked (TVL) to the platform. Reference: 1
Mava AI BetaTalal
Can you explain the usual tokenomics ?
Mava (AI Support)
USUAL tokens are minted and distributed on a daily basis. The exact amount minted each day is calculated using a formula that considers the global distribution rate, minting rate, supply of USD0++, and the primary market price of USD0.
Mava AI BetaTalal
How many usual are been minting every day ?
unknown l
don't think that is right
The amount off usual minting per day is fixed regardless off usd0++ amount but if the usd0++ amount is increasing then the ratio off minting usual/ USD0++ will decrease.
Is that right ?Talal
The amount off usual minting per day is fixed regardless off usd0++ amount but if the usd0++ amount is increasing then the ratio off minting usual/ USD0++ will decrease. Is that right ?
famousfxck
1-2 million usual per day
Hmm so like the same rate as now lol
So 625M usual per year
Meaning 2.5B supply will be shared over 4 years
Which will cause minting rate to drop to 1 USUAL per USD0++
So basically if TVL goes to like 2.5B$
Hmmm
@Mava (AI Support) does this mean when TVL was lower thus minting rate was higher, does this mean all previous USD0++ that was minted will be emissioned at previous rates?Mava (AI Support)
No, the emission of USUAL tokens is dynamic and adjusts based on current conditions such as TVL and interest rates. The minting rate is not fixed for previously minted USD0++. As the TVL increases, the minting rate decreases, which means that the emission rate for USD0++ will adjust according to the current conditions, not the conditions at the time of minting. Reference: 1
Mava AI Betafamousfxck
@Mava (AI Support) does this mean when TVL was lower thus minting rate was higher, does this mean all previous USD0++ that was minted will be emissioned at previous rates?
@Noรฉ ID 1006921146614153286
JazzySt
Sending friend requests
Mava (AI Support)
The minting rate of 3.2 USUAL per USD0++ indicates the amount of USUAL tokens that are minted relative to the amount of USD0++ in the protocol. This rate is influenced by various factors including the total value locked (TVL), the underlying interest rate for the collateral of USD0, and other dynamic factors. The minting factor is calculated over a 4-year period, meaning that the 3.2 USUAL per USD0++ is distributed over this timeframe.
Mava AI Betafamousfxck
@Mava (AI Support) the minting rate of USUAL is now at 3.2 USUAL per USD0++. Explain this
famousfxck
@Mava (AI Support) can you explain the minting rate
Mava (AI Support)
The USUAL emission model is designed to promote scarcity and align incentives for early adopters and long-term holders. As the Total Value Locked (TVL) of USD0 grows, the protocol generates more revenue, which is allocated directly to the protocolโs treasury. USUAL tokens are minted against the guarantee of future revenue, ensuring protection from dilution over time. The emission is disinflationary, meaning the rate of token issuance decreases as the TVL increases, supporting scarcity. The emission strategy uses a dynamic supply-adjusted mechanism that adjusts daily emissions based on TVL growth and changes in interest rates. Emissions are distributed across various channels to align incentives within the ecosystem. The emission rate is capped to prevent excessive inflation, and it decreases as the USD0++ supply grows. This model ensures that inflation does not lead to dilution, and early participants benefit the most.
Mava AI BetaIt depends on the TVL
4B is the max supply
The token unlock formula is on the website. Total supply of Usual is 4B and will be released in approximately 4 yearsfamousfxck
Nah incorrect
Vetoletz
The token unlock formula is on the website. Total supply of Usual is 4B and will be released in approximately 4 years
But again, time has to do it's thing remember : Theter is worth 137 Billions. The goal is to plug that money flow in USD0famousfxck
True
Dunno man. Really big things take time and total token unlock is going massive. 4-5 months isn't massive. It's really pleasing to see a maybe 3-400%. Thinking that'll be a great 3000%famousfxck
What unlocks?
Vetoletz
I'm only on Binance, but it seems easier to connect wallets with Coinbase from what I have seen in most platforms connect proposals
But again, time has to do it's thing remember : Theter is worth 137 Billions. The goal is to plug that money flow in USD0
famousfxck
Itโs the best for bridging and stuff
I use Coinbase wallet and it works perfectly
unknown l
(i have no basis for that i just want it to be true)
unknown l
4-5 weeks*
unknown l
use rabby
Vetoletz
Dunno man. Really big things take time and total token unlock is going massive. 4-5 months isn't massive. It's really pleasing to see a maybe 3-400%. Thinking that'll be a great 3000%
famousfxck
4-5 months*
famousfxck
That is common sense
Hi ! I said how to see your earnings sooner on the french canal. To be able to see your assets on the Binance Web3 wallet while stacking directly on the Usual App :
1) Go to your Binance Web3 wallet and select Assets in the under right corner
2) Click on token management and select the "+" icon in the upright corner
3) Choose ERC-20 and enter Usualx contract adress. Double check correspondance via Etherscan.io :
https://etherscan.io/token/0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8EJazzySt
It is helpful for binance users
Vetoletz
Salut ! Pour tous les utilisateurs de Binance qui se sont connectรฉs ร l'application Usual.money et qui voudraient voir leurs Usualx sur leur wallet Web3, voici comment j'ai procรฉdรฉ : 1) Allez sur le Binance Web3 wallet et allez dans Assets. 2) Cliquez sur gestion des tokens et cliquez sur l'icรดne + en haut ร droite de votre รฉcran sur l'App mobile. 3) Choisissez le rรฉseau ERC-20 et entrez l'adresse de contrat de Usualx. Vรฉrifiez bien la correspondance via Etherscan.io : https://etherscan.io/token/0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8E @Noรฉ sans vouloir dรฉranger, tu peux peut-รชtre confirmer mes dires ? Le but est juste d'aider
Vetoletz
Tagged him but did not got a reply. That's how I did
Noรฉ
Smart contracts page
Donโt have my computer right now but you can double check the contract on our docs
JazzySt
I was reading it too. Besides the address which I canโt confirm the info is legit
Hi ! I said how to see your earnings sooner on the french canal. To be able to see your assets on the Binance Web3 wallet while stacking directly on the Usual App :
1) Go to your Binance Web3 wallet and select Assets in the under right corner
2) Click on token management and select the "+" icon in the upright corner
3) Choose ERC-20 and enter Usualx contract adress. Double check correspondance via Etherscan.io :
https://etherscan.io/token/0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8Efamousfxck
@Noรฉ this legit?
famousfxck
Same lol
JazzySt
It was super easy for me to use
Vetoletz
Hi ! I said how to see your earnings sooner on the french canal. To be able to see your assets on the Binance Web3 wallet while stacking directly on the Usual App : 1) Go to your Binance Web3 wallet and select Assets in the under right corner 2) Click on token management and select the "+" icon in the upright corner 3) Choose ERC-20 and enter Usualx contract adress. Double check correspondance via Etherscan.io : https://etherscan.io/token/0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8E
famousfxck
MetaMask is horrible btw
Tbh I donโt know why everyone is getting these issues with their wallet
621936
already have eth and cleared cachee
Mava (AI Support)
It seems like you're experiencing an issue with the transaction getting stuck at the 'confirm swap' stage. Please ensure that you have enough ETH in your wallet to cover the gas fees. If the issue persists, try clearing your browser cache and cookies, or use a different browser. If the problem continues, you may need to contact support for further assistance.
Mava AI Beta621936
i unstake xusual to usual pay gas for approve then its stuck in confirm swap
famousfxck
Funding rates is in shorters advantage
But yeah thereโs some pressure
famousfxck
I mean not so superrr heavy
unknown l
we are so heavily shorted rn
unknown l
usual next
Hampex
I have the same issue are you using binance web3 wallet? Could you resolve the issue?
Godralho
Wen 20
famousfxck
Ethena is killing it, almost 20% up today
Fernando Bu
01/03/2025 at 14:12:00 ESTIf we beat this 1.86 I'm happy af
AJOEY91
Madness Jan
famousfxck
Usual would be way more valuable
With the new feature coming 7th of January
awson
No one would question oh this is overrated
Imagine usual tvl at 3.5bn and price at 2.5$ to 3$
famousfxck
Which would give us incredible exposure
2-2.2$ is a big milestone because that would make us enter top 100 ranking on CMC
And then see whatโs gonna happen after that
Tbh letโs just try to hit 2.2$ first
awson
But how long we stay at 3$ that's a different question coz of how market functions.
It's all about growth of tvl