![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
加密货币新闻
Usual Labs Faces Scrutiny After Stealthily Changing Redemption Mechanism for USD0++ Yield-Bearing Staked Token
2025/01/10 17:26
Stablecoin protocol Usual is facing heat over changes to the 1:1 redemption mechanism for USD0++, its yield-bearing staked token pegged to the USD0 stablecoin.
After new early exit options triggered a sell-off and disrupted its largest Curve pool, USD0++, the staked version of the USD0 stablecoin by Usual, dropped to $0.92 — a whole 8% below its previous redemption value.
USD0++ isn't a stablecoin. Instead, it's a staked version of USD0, designed to lock funds for four years while earning USUAL tokens as rewards. Previously, USD0++ could be redeemed 1:1 with USD0, but now users must choose between two exit options: a conditional exit, redeeming 1:1 but forfeiting part of accrued rewards, or an unconditional exit at a floor price starting at $0.87 and gradually increasing to $1 over four years.
So @usualmoney team has been claiming for a few weeks that USD0++ was redeemable for 1:1 USD0 so everything was chill.
Today, they stopped the 1:1 redeem function without any prior announcement to trap farmers and keep their TVL.
USD0++ is now trading at $0.92. Please send this… pic.twitter.com/aZNArIQoy0
The changes have turned USD0++ into a mix of a bond and a yield farming tool. While high-risk users can stake USD0 into USD0++ to farm USUAL tokens with high yields, more conservative holders can lock funds for four years to earn a fixed 4% annual yield.
In turn, the system's design creates trade-offs. USD0 holders sacrifice yield for stability, while USD0++ holders lock funds and hope USUAL rewards offset their lost yield, and USUAL stakers capture yields from others while betting on the token’s price appreciation.
The recent updates have made USD0++ riskier and less appealing, with long lock-up periods and changing redemption rules making it less attractive than more liquid options, which led to a wave of selling as traders and yield farmers tried to exit, causing the largest Curve pool to become unbalanced and pushing the price of USD0++ below $1.
As of press time, Usual Labs, the company behind the Usual protocol, made no public statements on USD0++’s price changes. In 2024, Usual Labs raised $7 million and secured a $75 million commitment in total value locked for USD0 from investors including IOSG Ventures, Kraken Ventures, GSR, Mantle, Starkware, and Flowdesk, among others.
免责声明:info@kdj.com
所提供的信息并非交易建议。根据本文提供的信息进行的任何投资,kdj.com不承担任何责任。加密货币具有高波动性,强烈建议您深入研究后,谨慎投资!
如您认为本网站上使用的内容侵犯了您的版权,请立即联系我们(info@kdj.com),我们将及时删除。
-
-
-
-
- 比特币,加密和智商:当天才遇到数字黄金时?
- 2025-09-30 23:17:30
- 当Binance调整保证金交易和炒作面对投资者退出时,高级智商个人大胆的比特币举动引发了辩论。这对加密货币的未来意味着什么?
-
- Stablecoins,美国创新和钱包代币:下一个边界
- 2025-09-30 23:15:03
- 探索美国创新和诸如$ best的钱包令牌越来越受欢迎的美国的稳定币的兴起。
-
- 乌克兰的NBU,硬币和加密货币:纽约人
- 2025-09-30 23:14:07
- 探索有关乌克兰加密货币场景,NBU的纪念硬币和模因硬币的兴起的最新信息。这是一次疯狂的旅程,所以搭扣了!
-
-
-