We are thrilled to announce the launch of our new Vault with MEV on Morpho, designed to maximize returns and enhance user experience.
Enhancing Usual's Composability
Usual Labs is dedicated to making our protocol's assets highly composable. Our goal is for USD0 and USD0++ to become cornerstones of DeFi. To achieve this, Usual will integrate with numerous DeFi protocols in the coming weeks. The first step, in collaboration with MEV Capital and Morpho, is to offer a money market for USD0++ and LP USD0/USD0++ holders.
Leverage Your Positions and Maximize Pills
Borrow USDC against USD0++ or LP USD0/USD0++ and earn more Pills. Our Vault, with an 86% LLTV ratio, allows you to borrow USDC against your USD0++ and USD0/USD0++ Curve LP collaterals, while keeping the Daily Pills from these collaterals. This high LLTV ratio provides the flexibility to leverage your positions, enabling you to re-mint more USD0++ or LPs and boost your Pills earnings.
Post USD0++ Collateral
Borrow USDC with low risk by leveraging your USD0++ position while still earning Daily Pills. Maximize your points by re-entering the protocol with your USDC, or use your capital for other needs.
Earn 3 Pills per day
As a reminder USD0++ ERC20 address is:
0x35D8949372D46B7a3D5A56006AE77B215fc69bC0 (Etherscan)
Post USD0/USD0++ LP Collateral
Borrow USDC with low risk by leveraging your USD0/USD0++ LP position while still earning Daily Pills. Maximize your points by re-entering the protocol with your USDC, or use your capital for other needs.
Earn 3 Pills per day + Bonus Pills for every new USD0++ minted
As a reminder accepted token is Curve LP (USD0/USD0++), ERC20 contract address is: 0x1d08e7adc263cfc70b1babe6dc5bb339c16eec52 (Etherscan)
Lend Your Stablecoin and Earn Pills + Interest
Lend your USDC in the Vault and benefit from a yield plus extra Pills. In addition to the yield paid by borrowers, USDC lenders earn 1 Pill for every USDC they contribute to the Lending Vault, ensuring steady rewards for their contributions.
Earn 1 Pill per day + Bonus Pills for every new USD0++ minted
Maximum Multiplier for Lenders and Borrowers
Both lenders and borrowers in the Vault gain the maximum multiplier on Usual as if they entered from Day 1. This amplifies your contributions, allowing you to earn enhanced rewards from the outset. This multiplier significantly boosts your potential earnings, making your participation in the Vault even more valuable.
Lenders and borrowers entering the Vault will receive the maximum multiplier on Usual, applied retroactively as if they had entered on Day 1. This multiplier significantly boosts your potential earnings, making your participation in the Vault even more valuable. This benefit is maintained as long as users continue participating in the Vault, rewarded pools, or hold USD0++.
Please note that the multiplier will be applied retroactively, and you won't be able to see the accumulation of pills or your multiplier immediately. This feature will be integrated by the Usual Lab team within 10 days. Rest assured, all points will be accounted for.
Additionally, when borrowing USDC against your USD0/USD0++ LP or USD0++, you might temporarily see your multiplier disappear. Don't worry, the maximum multiplier will be displayed once the integration is effective.
Extra Morpho Rewards and Cross Incentives
The Vault offers attractive default interest rates for lenders, providing steady returns. In addition, enjoy extra rewards with the introduction of $MORPHO.
