News

RWA stablecoin issuer Usual announced on the X platform that it has recognized the significant community response triggered by its collateralized stablecoin USD0++ deviating significantly from 1 US dollar. Therefore, a series of measures will be launched to address user concerns and stabilize the ecosystem. It is reported that the "Revenue Switch" feature is scheduled to launch on January 13th, allowing Usual Protocol to share its earnings from real-world assets and protocol operations with the community. The team expects monthly income to be about $5 million, under current conditions annual return rate will exceed 50%. These distributions will take place once a week in order to consolidate USUAL's actual value, balance its economic model and revenue generated by the protocol. (The Revenue Switch function of Usual will officially start when more than 50% of USUAL tokens are pledged as USUALx. If this requirement is not met, it will automatically activate on February 1st, 2025. Once activated, all profits (up to $5 million per month) will flow towards those who have staked their holdings in USUALx in form of USD0.) In addition, the Usual Protocol team also stated that they would launch a "1:1 Early Redemption" feature next week which allows users to exchange USD0++ at an exchange rate of one dollar but requires them to forfeit some accumulated rewards as punishment.

On January 11, the re-pledging platform Swell announced that the Wavedrop 2 checker is now online, and users can now check the rewards they can claim in Wavedrop 2. Swell also stated that claims are expected to open on January 22, and Wavedrop 1 claims will also be reopened on Swellchain at the same time, which is currently suspended for convenience of migration from the main network.