We’re excited to announce the launch of our latest USD0++/wETH liquidity pool on Gammaswap. This marks an exciting milestone in Usual’s journey, adding perpetual options trading for USD0++ holders and opening new opportunities for liquidity providers to earn rewards.
As a powerful DeFi tool, Gammaswap allows users to trade and provide liquidity for options in a flexible, decentralized way. With this new pool, USD0++ holders gain access to Gammaswap’s ecosystem of perpetual options, providing not only a unique use case but also a chance to enhance their DeFi strategies.
What is Gammaswap?
Gammaswap is an innovative decentralized platform that enables perpetual options trading through options liquidity pools. Unlike traditional options, perpetual options on Gammaswap don’t have an expiry date, allowing users to maintain or adjust positions as market conditions change without worrying about the limitations of traditional expiration cycles. By providing liquidity in the pool, users benefit from both trading fees and added rewards, while traders can leverage liquidity to take options positions for a wide array of strategies.
With its unique approach, Gammaswap offers flexibility in managing risk, accessing leverage, and generating yield in DeFi. This makes it an ideal partner for Usual’s mission to enhance the utility and composability of USD0++.
New Incentives for Liquidity Providers
Our collaboration with Gammaswap brings powerful incentives to USD0++ liquidity providers, making participation in this pool both lucrative and versatile. Here’s what you can earn by providing liquidity to the USD0++/wETH pool:
Ether.fi Points: Accumulate 2 Ether.fi points/day per $ in the LP.
Eigenlayer Points: Receive 1 Eigenlayer point/day per $ in the LP.
GS Tokens: Gammaswap will distribute 150,000 GS tokens every month to all LPs, escrowded with a 30-day vesting period.
Pills: Earn 3 Pills daily for each USD0++ in the pool.
Fees APY: Earn yield from option and spot traders.
ETH Staking Rewards: Variable rewards for securing the Ethereum network.
These rewards make it incredibly attractive for USD0++ holders to get involved in Gammaswap’s options ecosystem while boosting their returns from multiple protocols.
How Does Perpetual Options Trading Work?
Perpetual options on Gammaswap are a novel twist on traditional options, operating on a continuous funding model that doesn’t involve expiry dates. Here’s how they work:
No Expiry: Unlike traditional options, perpetual options do not expire, allowing users to hold and manage positions indefinitely.
Automated Funding Rate: The cost of holding an option is adjusted through a funding rate that balances the pool between supply and demand, creating dynamic pricing.
Enhanced Liquidity: By participating in a pool, liquidity providers supply funds that options traders can utilize, making trading more accessible and profitable for everyone involved.
Through the USD0++/wETH pool, USD0++ holders can now use their assets as collateral for options trading, unlocking new strategies and access to financial tools not typically available in DeFi.
Why USD0++ for Perpetual Options?
USD0++ serves as a powerful and highly composable DeFi asset, and by integrating with Gammaswap, we’re adding an additional layer of utility for USD0++ holders. Perpetual options trading introduces a new level of financial freedom, giving users the opportunity to hedge, leverage, and diversify with a stable, yield-generating asset.
By utilizing USD0++ in the options market, holders can:
Manage Portfolio Risks: Hedge against potential market fluctuations.
Leverage Positions: Take leveraged positions without needing direct exposure to volatile assets.
Earn Sustainable Yield: Continue earning yield on USD0++ while participating in a high-liquidity options market.
What is Usual?
Usual is a safe, transparent, and decentralized stablecoin protocol that redistributes ownership and value through its governance token, USUAL, as yield. It decentralizes traditional fiat-backed stablecoins, offering a higher-quality alternative like USD0, which is fully backed and more secure. Through USUAL, users not only earn yield but also gain governance rights, aligning them with the protocol’s success and providing ownership over its future.
Why Collect Pills?
Pills are Usual’s point system, used to determine airdrop rewards in November, where 7.5% of USUAL tokens will be distributed to Pill holders. By participating in pre-launch activities across top Ethereum protocols, you can accumulate Pills, transforming from a user into an owner. Learn more about maximizing Pills by checking the Pills Campaign Rules.
Usual’s Top Integrations
Usual is already integrated with leading Ethereum protocols, offering rewarded positions to supercharge your Pills experience:
Join Usual today and help build a more decentralized, user-focused financial future. Don’t miss your chance to be part of this movement!
