We can actually instant redeem the full supply during business hours, and a good chunk of it outside of it. Also, what happend with USDC & SVB wasn't because of the need to redeem anything. What happened with USDC, because of the SVB bank is totally different: Circle held part of the funds at SVB, which is a commercial bank, which had a heavy concentration of tech clients, did loans etc. They had a bankruptcy, impacting USDC's backing. Usual isn't exposed to those risks. First of all, the entire T-Bills backing is a tokenized version of an MMF (mostly Hashnote's), composed of overnight repos. Second of all, those MMF's overnight repos are held at BNY Mellon (top 10 biggest AUM in the world), which isn't a commercial bank - only a custody one. No bankruptcy can really happen. Even if it did, assets in "custody" aren't the same as the ones at commercial banks - we'd still have full ownership over them and the ability to redeem them.

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ilker

ilker2761

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doesn't it will cause a depeg from the 1USD:1USD0 since you can't sell your Treasury Bills fast enough without losing some value ? that's what happend to the SVB bank from what I understood (even if the law forced them to use it to secure their funds )

so cold

lol

it's a non-issue

we redeem the entire supply in the same day

how much time is short-term U.S. Treasury Bills ?

Which events can lead usualX price to drop below the initial deposit value in dollars ?

Which events can lead usualX price to drop below the initial deposit ?

What's the most profitable ratio between stacking both Usualx and USD0++ ?

Are the USUAL rewards locked for 1-3 months post Berachain launch?

Does anyone know what happens to USUAL rewards if you deposit in the Berachain vault?

Check earn section or do math

stake usd0++ -> stake in beravault is the play

sorry but you will have to do your math homework yourself

I am curios if most of the folks went the USD0 stake route or directly in the dao token

Is the usualx yt in pendle the subject of the fee switch?

this is smart

yes usd0++ also back by US goverment

They have good military resources for protecting their currency 🤣

yes demand > supply lol people don't understand economy.

Because world prefer dollars as collateral rather than BiingChilling pennies 😂

How much 100k usd0++ earn Usual per day?

Does the increase in TVL have a real impact on the price of Usual?

Yes

IMO the emission rate is designed to maintain a decreasing stock price earning ratio given usual price fixed. Naturally usual price will increase if the market price its value based on PER unless TVL drop a lot.

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Cortina

0xcortina

unknown l

unknown_l7

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It only benefits to stake early if you already had usual and did not purchase or sell it

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fredchan17999

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Lemoussu

lemoussu

SatoshiXXX

satoshixxx

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No, purchasing usual staking to usualx now would net you more than purchasing usual and staking a week prior

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fredchan17999

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Lemoussu

lemoussu

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No, because emission is lower over time, so the earlier you stake, the more rewards you have

Zero is not the determining factor. With the purchasing power of usualx tokens be less or more than the dollar some time in not to distant future? With very high inflation that outpaces revenue is questionable at best.

zerrroooo

Why usd still not worth zero when goverment print trillion dollar

it will reach 4B in November 2028 not tomorrow ^^

just like the USD ... wait ... capitalism is powered by debt and inflation? surprised pikachu face

Emisison will not stop but lower

If you care probably not lol You can short tao also by your logic

actually backed by real metrics

+ our emission is indexed (and lower) on revenue

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BingChilling

awenhyun

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I mean I don't mind of inflation outpaces my emissions if the market cap, token price, and revenues outpace the inflation

Tao? Lol It has 20% apy emission

idk if it'll answer your question but there's some data here: https://dune.com/usual_team/dashboard-draft and https://dune.com/desnakeee/usual-analytics

Okay

Is there a dune graph or equation I can use that can tell me if my emissions are below inflation, at par, or above?

And this EPT increases through scarcity

Yes, but more technically not necessarily, since it follows revenue, each USUAL always has a certain Earnings per Token ratio.

Yes but 90% of the emissions that don't get paid to usualx holders are inflation on usual

idk why some people understood something else

no

Because the supply is 4 billion over 4 years

because the supply isn't limited to that

USUALx exactly gets 10% of the emission, but the same emission is revenue-based, meaning depends on the protocol's revenue and never exceeds it

What do you exactly mean by outpacing inflation?

"Could potentially outpace inflation" is concerning language. Maybe the true alpha is in selling the perps to hedge the delta. I should of done more research before aping in.

I don't have enough information to determine if my emissions from usualx will outpace the usual inflation. It would be nice to have a spreadsheet with a proforma on different estimates but I don't know the equation. Im guessing it involves price, TVL, ratio of usualx/usual, etc. It would be helpful to know at what rate does usual inflation outpace usualx emissions.

I'm actually curious about simulating that

Also, this assumes that in case of dumping, USUAL will still be well valued. Ideally yes, indeed, and it'll make a great token when the unlocks happen since any user will be able to buy it through pools. But also, I can make the counter argument that: - There's a deep lack of understanding around USUAL and its value, even around investors. This means that while you, or I, think it could be traded at a premium, if people don't think it will, it won't. - Just like with USUALx, if you transfer it, you don't get past rewards. So if the price for USUAL dumps a lot, it means that USUAL*'s ROI also dumps (even if indeed technically partially mitigated by its limited supply, but still), and so, its price dumps. The likest scenario for its valuation, imho (and that's purely speculation), will be a price determined by the ROI ratio between USUALx and USUAL*, at each moment.

Well, it's an assumption I already agree a bit more with, but don't forget: - You can exit, buy or sell at anytime - it's up to your strategy and you can adapt it to the market during this time - The staking APY is tbh still very high, knowing that 33% of the current supply is staked - that's actually really great and make a badass ROI for anyone staking early - You'll soon get actual direct rev-share on top of the current APY in $USUAL Plus, USUALx is a bit designed like an edge, and a hedge, against others' impatience or dumping: - One of the mechanism to reward long-term believers is the unstaking fee, which is redistributed to those who stay taking - If more people sell, it means less supply is staked, meaning APY increases for stakers The game-theory is really well-thought imho, but at the end it's a market right, anything can happen (and you can exit, buy or sell at anytime).

Obviously founders and investors should be compensated more, I'm not arguing that. I staked around $1.45, I wasn't an airdrop recipient. I don't care if others make more but as I see it if usual price stays the same or even goes down from here usual* will be fine in 3 years usualx might not be.

Early users also got one of the biggest airdrops of 2024 lmeow

1) What Again, it's absolutely normal for USUAL to have a limited supply. - They are locked for years and can't dump anything while people who stake in USUALx get the same properties and can insta-dump when they want - They have uncertainty about the ROI for three years - Supply is limited because, if on top of being locked 3 years while users aren't, you get diluted for 3 years, well, it's just stupid. - Having a separate token enables to limit any sell pressure on USUAL by investors, because, well, it's separated, and most of those trades will be OTC. And, their rewards still get diluted, because the rewards are in USUAL, just like for USUALx, and USUAL is minted everyday until 2028 (about 4B supply). What doesn't get diluted is basically: - Their own supply - Their share of the rewards Incentives are clearly aligned. USUAL holders represent only 10% of the supply, and are literally the investors and team. Basically the people who funded dozens of millions of dollars for the project to exist, and the people who built it. What do you expect? For them to, on top of being locked and have basically the same rights as any user staking, be diluted for three years? Team + investors represent 10% of the supply, are locked 3 years, their rewards are also locked a year, they have basically the same rewards as any other user taking (who isn't locked btw), and we'll still have people complaining? 90% of the supply is for the community, and most of the revenue will be directly given to users through rev-share, and still complaining? So, do you guys just want the team to earn nothing and investors to not fund? Seriously lol.

If they receive 33% of the fees in a fixed amount of 360 million tokens how does inflation apply?

Inflation applies to their rewards tho lmeow? And, on top of that, meanwhile they're locked for three years, everyone can get about the same rewards and insta dump.

Three years of collecting fees with no inflation.

I mean, the least USUAL* investors can get is to not be diluted lmfao. They are literally locked for 3 years, can't sell any rewards for a year, represent 10% of the supply (one of the lowest % in DeFi) and meanwhile everyone else can stake to USUALx, enjoy the same benefits without being locked.

Same with btc 2010 ago Supply inflate alot

I'm invested in the wrong token

But in the case of USUAL* those rewards are cliffed for a year, and the token itself is vested for 2 years after the cliff

It receives 33% of the unstaking fees, and 10% of the emission, just like USUALx

It receives 33% of the earned fees from 9% of the supply.

360M

Not necessarily, because as USUAL*'s supply is limited, it also means it doesn't track growth through increased scarcity (and so, Earnings per Token).

So its entirely possible for usual and the usualx market cap to be low while the usual* market cap moon.

What is the supply of Usual*?

haha ..

so the mava answer is not correct

any answer finally?

Yes, I personally think that - but that’s a bit uncertain and most investors prefer seeing that as 1:1 (simpler I guess)

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Cortina

0xcortina

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Yes, agreed. The only difference relies on the fact that USUAL* related rewards can’t be diluted further than its original supply

Because the supply of USUAL* is finite and if it will always receive 33% of unstaking fees that could become quite a bit more USUAL per unit compared to USUALx

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deepwood

kamjn

Florent Th

flt6271

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I'm not complaining because I think its a reasonable design but I don't think it is accurate to say that it is the same for USUALx and USUAL*. Yes, they both receive 33% of unstaking fees but that will eventually be spread across far fewer USUAL**than USUALx

So If I don't stake my usual I get 10% of the air drop . BUTIf I stake them to usualx I get a part of 33% of the collected fee and the 10% air drop ? Is that right? And do you have a illustration how and how mutch the apy will drop in the future?

The platform is clear, but the concept of getting a present and future value USUALx in USUAL is strange given the unstaking penalty and the decoupling of USUAL/USUALx price on DEXs.

@vmele also for Pendle, you can toggle a setting that allow to see what is the outcome at maturity, here for instance it appears the outcome is usualx and not "vanilla usual" 😉

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vmele

vincentmele

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we're building finance products

Also no, since again, USUAL* is a different token with is own fixed supply since the beginning (unlike USUAL who mints until reaching 4B).

"MC" more like supply

agreed but at that point just distribute 20% of the commission after a fair peg by MC

Probably not sir

would the USUAL be worth like USUAL MC : USUALx MC ; say theres 10x less USUAL* than USUALx would make it 10x more valuable no?

I'm not sure on that sir, could be better to ask Pendle, as they have their own architecture for that pool

QQ about USUALx on Pendle: I have lets say 10,000 USUALx. I buy 14,082 PT USUALx with that 10,000 USUALx. Pendle says, "redeem 14,082.8 USUAL staked in USUALx (21.97% gain) at maturity." I take this to mean (and I'm questioning) that the PT USUALx will provide USUALx upon maturation, so in reality, I would need to unstake the USUALx and be hit with the 10% penalty. Therefore, the 10,000 USUALx now put into Pendle as 14,092 PT USUALx is really redeemable for 12,674.52 USUAL, right?

its own market

No, as USUAL* is a separate token that has it owns supply (USUALx is just a staked version of USUAL).

if they're earning the same can we peg it to usualx / transform to usualx? it would make thing less confusing for newcomers in the future

(if there's people selling tho)

You'll be able to buy USUAL* as soon as the cliff for it ends (in a year)

oh I thought they earned more, can one still buy usual* or was it a pre prelaunch thing?

Investors and team represent 10% of the supply, earn the same as anyone staking, but are cliffed and vested for several years, and people will still call that "unfair"

what lmfao, it's literally the same for USUALx

when governance is out im voting/proposing for the transformation of USUAL* into USUALx

so USUAL* hodlers get 33% + 10%??

can we buy USUAL* on secondary market? any advantages over USUALx?

1/3 to USUALx holders, 1/3 to USUAL* and 1/3 burned iirc

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unknown l

unknown_l7

0xFar5eer

0xfar5eer

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lets peg usual 1$ 😛

Kem

buying 500k usual under <$1.003 usual

33% of unstaked fees goes to USUALx holders, where does the rest 67% go?

asking that you don't want to keep quiet, will the circulation of coins stop at 494 million?

4B

How many USUAL can there be in total?

the whole supply of USUAL* only has a right to 10% of the emission - just like USUALx

Not sure to understand?

It's 20% considering 10% of revenue goes to the team. Only if team dosnet stake their part of Usual

yes team and vc but only 10%

@BingChilling ah I see looked as a gas price chart and today is high

yes eth always expensive you need to time the GWEI l2 and other chain is cheap.

@BingChilling I'm just used to other chains which costs almost nothing to stake and move, kind of why I avoided ETH

transfer fee always cheap interact with smart contract depend on gas fee study ETH

Swapped usual between wallets 8 usd, tried to stake it to usualx 55usd am I doing something wrong? Or are gas fees just that high?

what is the problem lol

What could explain the problem when I try to swap USUALx back to USUAL to my Binance Web3 wallet ?

I hope this over confident bot is right and not just arrogant and an idiot 😂

If I don’t claim them at 24 hours, do I lose them?

Will all the pending rewards become claimable by end of the current cycle?

Hello, in my usual dashboard I see pending rewards next to a clock. Then I see some other number on the right which I can claim immediately. Is the pending rewards total for all the participants ?

ok

ok TY

How can I check the cost of commissions?

Then use rabby

ok

in case you don't have a hardware wallet?

Hi, can someone help me find out which are the best or most compatible tools to stake USD0 to USD0++? In other words, which wallet is better?

you still showering or already learning about pendle?

Thank you. That was a shower thought I had

(has nothing to do with usual money but rather how pendle works)

you should try to learn about pendle before asking more questions. any YT always goes to 0 on maturity. therfore your receive the yield

Thanks 👍

Fugg off Joan

Hello I bought USD0++ Jan 2025 YT. The value is dropped by 40% or so over 1 week. What’s the cause of this price drop? Thanks

it has nothing to do with meta mask. its secondary market. you would best use an aggregator to swap, but be mindful of slippage and a possibly implied 10% fee in the rates

The option to swap USUALX to USUAL is available on wallets like MetaMask. Is that not legit?

Can I swap my USUALX to USUAL through a wallet (e.g. MetaMask / Rabby etc) instead of unstaking?

can someone tell me shoul i wend my USUAL from Binance to Metamask

no worries

thanks for the answer 🫡

so if you unstake, you can keep claiming the pending rewards after the time passes ?

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unknown l

unknown_l7

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you just get them later on

Yes, but if you ever plan to unstake your USD0++ that means you will never get the full amount

this is wrong

Do you lock your USD0++ for 7 days for 0 yield?

So you only get rewards 7 days after depositing

what happens to pending rewards if you withdraw your USD0++ ?

There is no stake fee. Only unstake fee

Do you pay the 10% from my rewards or from the amount I stake ?

you dont' pay for staking, therefore you only need ~ 10days staking to unstake with break even

in 350% APY.. how many days to breakeven in 10% stake fee & 10% unstake fee?

nah, but like it for the data sets specific to projects

Does binance/kraken invest in them?

grafana is better

Besides what the bot answered, you can use the debank website and search your wallet address, it’ll have a DeFi tab where you can see any DeFi position you have, broken down by asset. You can also use the Rabby wallet, from the same dev of debank, imo the best wallet manager out there

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Stingy

stingy2330

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how do I know how much usual i have on my usualx stake

Do we have more infos on the fees switch

dividends in what form, usd0 or more USUAL?

the fee switch is when the interest of the RWA payoff and increase the usual/usualx rate? correct me if im wrong please

What is the usual fee switch ?

ask mava bot (nvm you just did)

for rewards, should I unstake USUALx in USD0, USUAL, or USD0++?

Usualx APY will be remaining stable upcoming 3 months? Wondering buy Usualx YT or not

if I use "keep yt mode", regulary claim YT USUALx rewards and put in staking, it gives me equal to "holding USUALx without Pendle LP" benchmark or something above it? I mean I want to keep the same amount of USUALx at maturity.

Ask in pendle discord for yt

what is YT USD0++?

why is the price of USUALx different than the price of USUAL?

Can i swap ETH to USUALx

what is the APY for staking USUAL?

thanks and happy new year mava

Are the yt usualx rewards in pendle compounding or do I need to claim the rewards to get better compound effect?

U can swap it in uniswap or pendleswap

Wait I thought the pill program was over ?

any other referral program beside the Pill?

the referral program ended with the pill?

is there a referral program?

absurd rate, hahaha

what is the fee to change the stake from usualx to usual?

if the price of usual 2x, will the usualx APY /2 ?

Is the value of USUAL and USUALx the same?

Sometimes the calculation does not take the 10% fees into account on the withdrawal simulation, thus creating this variation in amount over the day. Try adding the 10% fees on the withdrawn amount to see if it checks out !

Now I have a lower balance then last night

it increases and decreases over the day

Staked my usual for a while now, there is a fluctuation in the number of usual I have ?

but swap fees and pendle rewards can offset it for sometime

yes since portion is ptxusual

Where can I see the latest treasury value? The one of the website doesn’t update.

So lp in oendle get less than xusual stacked in dapp

When running the unstaking simulation, the total value does not appear to have increased. It’s more lower. If the asset ratio between USUAL and USUALx is the same, shouldn’t I can check the amount of staked USUALx increase as expected?

So why do you have this?

ohh that's clear.. thanks.. so basically the play now is to do nothing in $USUALX and just pray for the healthy market 😄

so will i get 1413 $USUALX after maturity and ride the $USUAL=$USUALX APY in case it appreciated in value

Hi, Does anybody know why I haven’t gotten any reward after 7 days of staking Usualx? It’s been more than 10days

can i send a sample calculation here?

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treebeard

_treebeard_

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not usual? so basically it is a yield on top of $USUALX?

so in the pendle maturity.. Will i also get usualx after maturity?

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lihuajkl

lihuajkl

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what happens if i swap my usualx into ptusualx on pendle?

why do depegs happen with usdo

are you familiar with Pendle PTUSUAL.. which is better staking $USUALX or Pendle PTUSUAL

It’s been 10days and doesn’t show any reward

Do USUALX staker also earn revenue from the protocol? how

what drives APY higher? Thanks

in 350% APY.. how many days to breakeven in 10% unstake fee

how many days before breakeven to 10% unstake fee

can there be an event where $USUAL and $USUALX be 1=1 conversion?

Does the APY rate decrease over time?

So if 350% APY continues.. what will be the $USUAL=$USUALX conversion after a year?

so $USUALX will increase in count rather than $USUAL?

will the $USUALX staked in my port will also accumulate overtime?

How do you monitor $Usual rewards from $USUALX Staking?