Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
After unanchoring from USD0++, Usual plans to activate the profit switch function and initiate 1:1 early redemption of collateral to stabilize the ecosystem

After unanchoring from USD0++, Usual plans to activate the profit switch function and initiate 1:1 early redemption of collateral to stabilize the ecosystem

Bitget2025/01/11 13:27

RWA stablecoin issuer Usual announced on the X platform that it has recognized the significant community response triggered by its collateralized stablecoin USD0++ deviating significantly from 1 US dollar. Therefore, a series of measures will be launched to address user concerns and stabilize the ecosystem.

It is reported that the "Revenue Switch" feature is scheduled to launch on January 13th, allowing Usual Protocol to share its earnings from real-world assets and protocol operations with the community. The team expects monthly income to be about $5 million, under current conditions annual return rate will exceed 50%. These distributions will take place once a week in order to consolidate USUAL's actual value, balance its economic model and revenue generated by the protocol. (The Revenue Switch function of Usual will officially start when more than 50% of USUAL tokens are pledged as USUALx. If this requirement is not met, it will automatically activate on February 1st, 2025. Once activated, all profits (up to $5 million per month) will flow towards those who have staked their holdings in USUALx in form of USD0.)

In addition, the Usual Protocol team also stated that they would launch a "1:1 Early Redemption" feature next week which allows users to exchange USD0++ at an exchange rate of one dollar but requires them to forfeit some accumulated rewards as punishment.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!