USD0 Liquid Staking Token

TL;DR USD0++, a LST for RWA

• USD0++ is a staked version of USD0 for 4 years, functioning as a LST with USD0 as a principal

• Yield Distribution: USD0++ distributes yield in the form of coupons paid daily in $USUAL tokens. This yield is variable, depending on the $USUAL token price in the secondary market.

---

USUAL revolutionizes value distribution by redistributing protocol-generated value to holders of USD0 Liquid Staking (USD0++).

To enhance the productivity of their USD0 stablecoin, holders can stake it into a liquid wrapped form called USD0++. This wrapped asset serves as a liquid representation of the original USD0, locked for a fixed maturity period of 4 years (additionally offering further liquidity and leverage through the Usual Stability Loan).

Key Features of USD0++

• Liquidity and Composability: USD0++ maintains liquidity and composability within DeFi, similar to USD0.

• Yield Access: Holding USD0++ unlocks access to yield mechanisms, allowing users to claim yield in $USUAL tokens.

USD0++ Characteristics

• Locked USD0: USD0++ is a bond containing locked USD0 and can further be leveraged via the Usual Stability Loan.

• Liquid on the Secondary Market: Unlike many permissioned assets, USD0++ is liquid on the secondary market. You can either mint it via USD0 or purchase it directly on the secondary market.

• Permissionless and Composable: USD0++ is integrated with numerous DeFi protocols, making it composable with a wide range of products.

• No Minimum Amount Required: USD0++ can be held without any minimum amount required.

• Higher Yield through USUAL Tokens: The innovation of USD0++ lies in its ability to distribute ownership of the Usual protocol to users through $USUAL tokens. This governance token ensures that USD0++ holders share in the present and future revenues of the protocol, providing extra value to the yield distributed in this form.