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?> Binance-Listed Altcoin Announces New Measures Following Major Concerns
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BitcoinSistemi 2025-01-11 06:55:05

Binance-Listed Altcoin Announces New Measures Following Major Concerns

Binance-Listed Altcoin Announces New Measures Following Major Concerns

The Usual Protocol has responded to concerns regarding its USD0++ floor price mechanism by introducing two significant changes aimed at increasing trust and improving the sustainability of the protocol. Usual Protocol’s stablecoin USD0 recently lost its peg to $1. Starting next week, Usual Protocol will enable a 1:1 early payout option. This feature allows users to give up a portion of their accumulated rewards and use their assets at a 1:1 ratio. The payback period covers a maximum of six months, which the developers claim offers flexibility while addressing liquidity concerns. The protocol has decided to activate its revenue distribution mechanism earlier than planned. Starting Monday, Usual will distribute revenues to USUALx holders weekly, in USD0. The protocol estimates that monthly revenues will be around $5 million, which corresponds to an annual percentage rate (APR) of over 50% in current conditions. Related News: Institutional Giant Whale Bulks Up On This Altcoin As The Price Plummets Usual Protocol detailed these updates in a public statement: “To address concerns and ensure the sustainability of the protocol, the activation of the revenue switch will be brought forward. Starting Monday, Usual will begin distributing revenues to USUALx holders in USD0 on a weekly basis, with monthly revenues anticipated to be approximately $5 million.” *This is not investment advice. Continue Reading: Binance-Listed Altcoin Announces New Measures Following Major Concerns

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