#USAL $USUAL
🚨 Attention: Potential Issue with USUAL and USD0++ 🚨
Based on information circulating on Twitter/X, sources in the DeFi community have raised serious concerns about the USUAL project and its token USD0++. It’s crucial for all participants to carefully assess the situation. Below is a summary of the key points:
What happened?
1. Change in Price Floor Mechanism:
Initially, USD0++ could be minted or purchased at $1.00 (1:1).
According to reports, the project recently updated its documentation, establishing a manual price floor of $0.87 per USD0++, resulting in a 13% loss of principal for investors.
2. Market Impact:
The USD0/USD0++ pool on Curve, with over $245 million in TVL, has been severely affected.
The price of USD0++ has dropped to approximately $0.9568, reflecting a loss of confidence in the market.
3. Lack of Transparency:
The change was reportedly made without prior communication, raising concerns about possible favoritism or manipulation.
Investors are now demanding explanations and evidence about how and why these changes were implemented.
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Why is this important?
Direct financial losses: The reduced redemption value means immediate losses for investors who trusted the project.
Reputation damage: Unanticipated changes without transparency can severely harm trust in a DeFi protocol.
Potential manipulation: The sequence of events raises red flags that certain groups may have been unfairly advantaged over others.
1. Stay informed:
Follow ongoing discussions and updates regarding the situation.
Look for direct clarifications from the USUAL team.
2. Monitor official channels:
Check for announcements and explanations from the project on relevant platforms.
⚠️ This alert is based on secondary sources and reports from Twitter/X. We strongly advise all participants to verify information independently before making any financial decisions.
Stay informed and invest responsibly! 💡
