Hi! Another future A9 boss clicked into my article~
Today's benchmark | [Greed Index: 54] | [Altcoin Index: 48] | [BTC Market Share: 57%]
🚀🚀🚀
"Usual has been listed on Binance. I deposited $10,000 USDC into the protocol 14 days ago. So far, I have received more than 200 Usuals, with a net interest of $300. It helps you accurately identify risks. Come and seize the opportunity!" 1. Usual project explanation
Usual is a new RWA protocol, and many friends may not understand RWA. Simply put, it can convert your assets into tokens. For example, if you want to sell a house, you can directly sell the token corresponding to your house to promote the liquidity of assets.
In fact, its scope is wider, and its main application is in the rapid development of national debt tokenization. Usual mainly tokenizes U.S. debt and superimposes a complex DEFI mechanism to promote your stablecoin income.
Our stablecoin will be exchanged for U.S. Treasury bonds at a 1:1 ratio, and its security is relatively reliable. We have previously published professional articles and analyses on the project for your reference.
Stablecoin annualized 64%? What on earth is Usual doing? ? ? During our actual testing, we deposited $10,000 USDC into the protocol 14 days ago.
Ten thousand dollars of USDC will be converted into their USD0++. Holding USD0++ will receive dividends from the official token Usual. The longer you hold it, the more dividends you will receive. The tokens you receive as dividends can be sold directly on the market.
As shown in the picture, we got a total of 178 Usual (actually more than 200 in total, because USD0++ tokens were transferred to other addresses in two days). The current market price is 1.3 dollars. The daily income is about 15 Usual, and the annualized rate of return is about 60%. And it can be withdrawn and bought and sold at any time, which is quite convenient.
2. Operation method and precautions First, we need to prepare a wallet on the chain. We recommend OKX and Little Fox. Pay attention to protecting your private key. Then recharge USDC to the Ethereum chain (note that the operation can be performed in the morning or early morning to minimize GAS consumption).
Then go to the official website https://usual.money/. First convert your USDC into USD0, and then convert USD0 into USD0++.
It is OK now. You can see the income to be collected in Figure 2 above the next day. Some friends may ask,
What happens if you buy USD0++ directly on the market, or transfer USD0++ to other addresses?
Answer: You can also buy USD0++, which also has benefits. As long as you have USD0++ in your wallet, you can get Usual benefits. (The benefits of two days missing above are transferred to other addresses).
3. Risk Warning
Risks: Under the bundling mechanism, the price drop of Usual will cause a decline in yield, and the redemption wave of USD0++ will cause decoupling from USDC (currently USD0++ can only allow you to get back USDC by directly exchanging it in the market, and USD0 currently has a lock-up period and cannot be reversed).
But the official also has a countermeasure, the PAR mechanism. Under this mechanism, the official will decide by voting to release the locked USD0 in advance. At this time, due to the increase of USD0 in the market and the reduction of the total supply of USD0++, the price of USD0++ will return to normal and continue to maintain a 1:1 exchange with USDC.
4. Summary
At present, the income of Usual is really good for stablecoin investors. And the operation is simple. Although there are risks, they are generally controllable because the underlying assets of the project are all US bonds, unlike the previous stablecoins such as LUNA, which have no asset support.
With the implementation of the PAR mechanism, investors’ losses will be minimized. In addition, the TVL of the project is currently in a stable upward state, and the price of Usual still has room to rise, further increasing the rate of return.