The USD0 liquidity transition under UIP-11 reaches its final phase. Curve incentives are removed, Fluid enters reduced mode, and Uniswap v3 becomes the primary incentivized venue, creating a cleaner, more efficient liquidity path.
USD0/++ Liquidity Transition's Final Phase
The liquidity transition introduced under UIP-11 has now reached its final phase. Over the past weeks, the protocol has moved through each step of the new structure, guiding USD0 toward a clearer and more efficient liquidity path. Today completes the last stage of this migration.
The transition began with the removal of incentives from the USD0/USDC Curve pool.
A migration option was provided for users who wished to adjust their position. Pending rewards stopped accruing on November 20 at 02:00 UTC, and claimable rewards were updated three days later, following the standard validation window.
Starting today, the same applies to the USD0/USD0++ Curve pool. Liquidity in USD0/USD0++ may remain on Curve, but all USUAL incentives have been removed. Users are encouraged to migrate their liquidity to Uniswap.
During the transition period, Fluid continued to operate to ensure continuity.
In line with UIP-11’s disinflation objectives, Fluid now enters a reduced mode with a 50% cut in USUAL rewards. Depending on USD0 liquidity conditions and spreads, Fluid incentives will be phased out in two stages throughout December.
Today marks the final step of the transition.
The USD0/USDC and USD0/USD0++ pools on Uniswap v3 are now live and receiving incentives, becoming the primary incentivized liquidity venue.
The pool is fully integrated into the dApp, enabling users to deposit directly into the incentivized range with a smooth and streamlined UX.
New APYs are visible at go-live, and users will begin receiving rewards one day after the epoch concludes, in line with the standard reward-processing cycle.
With Uniswap v3 now active, the liquidity transition outlined under UIP-11 is complete. The system now operates with a single, efficient incentivized venue and a clearer structure for users interacting directly through the dApp. Thanks to concentrated liquidity, USUAL products now benefit from tighter spreads, delivering greater efficiency for users, as requested by the community.
