Overview
- Proposal to enable USD0/USDT 0.05% V3 gauge on Ethereum.
Background
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Usual is a secure and decentralized fiat-backed stablecoin issuer that redistributes ownership and value through the $USUAL token.
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With PancakeSwap being one of the primary exchanges, we want to develop a deep liquidity pool making USD0 a core token of the PancakeSwap DEX.
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Additionally, depositors of the USD0/USDT pool will receive a retroactive Pills distribution.
Details
- Boost Multiplier and Emission Cap
- 1.00x boost multiplier and 0.5% emission cap
- Audits:
- Token Utility:
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USD0 is an institutional-grade stablecoin issued by the Usual Protocol. USD0 is fully backed by short-term treasuries and can be redeemed at any time against the underlying RWA, while also having deep liquidity through the DeFi ecosystem.
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USD0 can be converted into USD0++ to receive the underlying RWA base yield.
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The following DeFi integrations are already live: Morpho, Pendle, Balancer, Curve
- Volatility:
- USD0 is a stable coin, designed to have close to zero volatility. In case the stable coin depegs to the downside, simply buying USD0 and redeeming it for the underlying RWA will restore the peg. Similar for a depeg to the upside, any user can come to the Usual website and mint new USD0 and sell it into the available liquidity pool bringing the peg back to 1$.
- Oracles:
- We are on the fast track to get a Chainlink oracle, and are also in the works with RedStone.
- Control:
- Merit:
- Usual can potentially bring a lot volume and attention to PancakeSwap, besides that more concretely liquidity providers on PancakeSwap for the USD0/USDT pair will receive a retroactive airdrop via Pillls.
Links
- Token address
- USD0 contract: 0x73a15fed60bf67631dc6cd7bc5b6e8da8190acf5
- Liquidity pool address
- Website
- Socials
- Documentation