I have experienced 312, 519, 84, 1220, Brexit, the Luna collapse, Three Arrows Capital collapse, the FTX top-tier crash, the clearing out of major exchanges, the clearance of mining machines, the issuance of documents by ten ministries, the prohibition documents from twelve ministries, the US stock market circuit breaker, the Ukraine war, the Middle East airstrikes, Grayscale's market crash, the US government's market crash, the German government's market crash, strikes, and whales crashing the market, the Federal Reserve's continuous interest rate hikes, the Japanese stock market circuit breaker, and the South Korean stock market circuit breaker.

In short, what I have experienced is a storyline that you couldn't even write in a novel; others have not lived as vividly in just a few years as I have. So, this small drop does not scare me.

Usual circulation increases with the growth of TVL, but the higher the TVL, the more dividends there are, and the price will rise, so this is not a big problem.

In contrast, ENA is just a governance token with very few dividends; in my view, it's not even on the same level. The project's vision is not in the same dimension; distributing 90% of the profit dividends to all pools is actually quite simple: the higher the TVL, the higher the income dividends, and the higher the staking returns.

The TVL has reached 950 million; two hours ago it was still 880 million, and three days ago it was still 600 million. The founder of Usual has relationships with many US lawmakers; many congressional members follow his Twitter. Over the years, Usual is the only one that has traded before the Binance launch, which also indirectly indicates the shadow of Binance behind it.

Essentially, it is about replacing the foundation of DeFi - ETH with US Treasury bonds and similar items. The other logic is the same as DeFi, just the DeFi-style gameplay, but this is currently a first case. The previous TRU also played this way, but it wasn't as complete.

Its core lies in: how to decentralize the way to put treasury bonds on-chain. Because APR can be achieved through mining Usual, it doesn't matter if treasury bond yields are 1%; it follows the same logic as DeFi tokens. The mining logic does not rely on the annualized support of staked ETH, just like when you originally staked ETH in LDO; your actual income comes from mining LDO tokens. ETH can seamlessly go on-chain because it has high transparency.