The Usual Protocol has taken steps to address recent concerns about its USD0++ floor price mechanism, unveiling two key updates designed to enhance trust and improve its long-term viability.
After the USD0 stablecoin lost its dollar peg, the protocol announced a new early payout feature. Starting next week, users will have the option to redeem their assets at a 1:1 ratio by forfeiting a portion of their accrued rewards.
This payout system, which spans a maximum of six months, is intended to provide users with more flexibility while alleviating liquidity challenges.
Additionally, the protocol has decided to accelerate its revenue-sharing initiative. Beginning Monday, holders of USUALx tokens will receive weekly revenue distributions in USD0.
Usual Protocol estimates monthly revenues of around $5 million, translating to an annual percentage rate (APR) of over 50% under current market conditions.
In a statement, the team emphasized that these measures aim to bolster the protocol’s sustainability and address community concerns. By advancing its revenue distribution timeline and offering liquidity options, the Usual Protocol seeks to restore confidence among its users.
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