The Fantastical Drift of the 'Web3 Teachers' — USUAL Edition (Part 1)
Recently, some web3 'teachers' have been frantically FUDing USUAL, and I find it puzzling. USUAL is such a transparent protocol with such excellent fundamentals; from what angles are they FUDing it?
Looking at the content of these 'teachers', I feel like I'm in a toilet, surrounded by 💩💩💩
Here are two 'teachers' and their 'insights' 🤮🤮🤮:
🤡 'Teacher Zhu Talks Blockchain'
Followers on the platform: 11.9K+, reportedly also has a significant following on Bilibili and WeChat public account, main points:
1️⃣ The USUAL team is not real-name verified.
Actual situation:
The USUAL team has always been verifiable by real names, for detailed information, see: https://rootdata.com/zh/Projects/detail/Usual?k=MTE5NTI%3D…
Teacher, are you part of the Chinese web3 circle? If you had ever heard of Rootdata, you wouldn't come up with such a stupid lie. I suspect you aren’t seriously FUDing; such a poor loophole is laid out like this...
2️⃣ US treasury bonds once dropped 30%. If there is no clearing mechanism, who provides the margin when US treasury bonds depreciate?
Actual situation:
🤏 US treasury bonds dropped 30%?
I don't know where the teacher found this data from a parallel universe. You must be referring to a 30% drop in US treasury bond yields, right? A single word difference makes a world of difference; you know how to play.
US treasury bonds have never dropped below $1 face value. As long as yields don't drop below 0, the face value won't be lower than 1.
🤏 Do dollar-denominated assets backed by US treasury bonds still need margin?
Sorry, I haven’t heard of such operations on Earth.
US treasury bonds are used as collateral for other assets; this is the first time I've heard they need to find a 'guarantor' for themselves.
3️⃣ Cannot stabilize the exchange rate between USD0 and USDC.
Actual situation:
USD0 is a stablecoin backed 1:1 by US treasury bonds, with the exchange rate fluctuation against USDC only between 0.2% to 0.02%.
And yesterday, the exchange rate between USDT and USDC also reached 0.142%.
4️⃣ RWA yields are low, and APY is too high; it's a scam.
Actual situation:
RWA yields are the baseline, amplified through DeFi mechanisms and marketization. Isn't this a normal operation?
You’re already involved in web3 but still trying to apply web2 models rigidly?
The high initial APY is due to the low supply; this is known as the 'head mining effect.'
The teacher shouts scam after looking at the data but refuses to do the math; haven't you heard of the term 'head mining'?
⬇️⬇️⬇️ Please go to the personal homepage to see the second part — Bit Fool Teacher
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