USD0 Liquid Staking Token
Last updated
Last updated
USD0++ is a staked version of USD0 for 4 years, functioning as 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.
Floor Yield: USD0++ offers a minimum yield in USD0, equivalent to at least the risk-free yield.
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.
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 either $USUAL tokens or $USD0, corresponding to the risk-free yield.
Pre-Launch Benefits: During the pre-launch campaign, USD0++ holders earn points (Pills) that qualify them for airdrop eligibility. Post-campaign, USD0++ generates returns in $USUAL tokens.
No Risk to Principal: USD0++ is a bond containing locked USD0. There is no risk taken by the protocol with the locked USD0, as they remain simply immobilized.
No Volatility from Interest Rate Risk: USD0++ guarantees a yield linked to the interest rate of the underlying RWA in the form of USD0 through the Base Interest Guarantee (BIG). Since the collateral consists of overnight repos with very short maturities, the value of USD0++ is not affected by the volatility of interest rates, whether they rise or fall.
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.
Guaranteed Risk-Free Yield: Thanks to the Base Interest Guarantee (BIG) mechanism, USD0++ Liquid Bond ensures its holder a yield at least equal to that generated by the USD0 collateral, boosted by the floating liquidity of non-locked USD0.
Bear and Bull Market Product: The yield distributed by the protocol, whether in $USUAL or $USD0, is designed to perform well in both bull and bear markets.
