🚀 Hold onto your crypto hats! Usual's latest USD0++ update has sent ripples through the DeFi seas. Introducing a dual exit mechanism, users now face a choice: a "conditional exit" with a 1:1 redemption but a reward penalty, or an "unconditional exit" at a floor price of $0.87, gradually rising to $1 over four years.
Market chaos ensued, with USD0++ dipping to $0.89 before stabilizing at $0.92. Liquidity providers are feeling the heat, but Usual's DAO promises to cover any bad debt.
What do you think of this DeFi shake-up? Share your thoughts below! 💬