**DeFi Shake-Up: Usual's USD0++ Update Sparks Market Turmoil**

Usual, a DeFi stablecoin issuer, has revamped its USD0++ protocol, introducing dual exit options to enhance token sustainability. This move aims to transform USD0++ into a bond-like instrument backed by real-world revenues. However, the update caused market disruption, with the token dropping to $0.89 before settling at $0.92, below its $1 peg.

The new exit options include a "conditional exit," allowing 1:1 redemption with forfeited rewards, and an "unconditional exit" at a floor price of $0.87, rising to $1 over four years. This shift led to volatility and liquidity issues, with significant USD0++ withdrawals from DeFi platforms.