According to ChainCatcher, the latest update of the Usual Money protocol has caused a market shock. The price of the staking stablecoin USD0++ on decentralized exchanges has dropped 8.5% from $1 to $0.915. The update introduced a dual-path exit mechanism, where users can choose to redeem USD0++ at a floor price of 0.87 USD0, or give up part of their earnings for a 1:1 redemption. However, the changes without prior notice have caused widespread criticism from the community.

USD0++ was originally a zero-interest bond-type token locked for four years, with a market value of usually $0.855, but it could previously be redeemed at 1:1 for USD0. After the update, a large number of holders chose to sell, resulting in a serious imbalance in the Curve pool, with price fluctuations to 92%. The community has mixed reactions to this. Some people accuse the team of not announcing in advance and locking up a large amount of funds, but there are also views that this move will help long-term stability.