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Oct 16, 2024

New Pendle Pool

New Pendle Pool

We know you loved the first Usual pool on Pendle - that’s why we want to further spoil you with another new USD0++ pool by doubling the rewards.

And BAM, 5 billion Pills are up for grabs in 10 lottery draws! Hold YT-USD0++ for a chance to snatch that Golden YT and stack Pills like a boss. 💰🎰

Also, our Dune intern has made a mistake but it's good news—there are fewer (25%) Pills being distributed than what’s shown on Dune. Please visit the dApp to run your own simulations.

New USD0++ pool

Maturity: March 27, 2025
🔥 YT Bonus Madness
  1. Score 6 Pills/day for each standalone YT you’re stacking till TGE. You heard it right - we doubled the pills!

  2. After the end of the Pills Campaign in November, get $USUAL token directly.

  3. Catch that Max Boost as Usual

Our protocol ensures fair play—collect Pills honestly or face the consequences!

To protect the community’s best interests and prevent abusive behavior, if you hold both PT and YT from this pool, only the YT exceeding your PT balance will be rewarded with 6 Pills per YT. The remaining YT will earn 3 Pills per YT. Don’t try splitting across multiple wallets—the Usual protocol sees you!

For example:

  • If you hold 1,000 PT and 500 YT, all 500 YT will earn 3 Pills per YT.

  • If you hold 500 PT and 900 YT, 500 YT will earn 3 Pills, while the remaining 400 YT will earn 6 Pills per YT.

⚖️ Pendle LP
  • Approximately 3 pills per USD0++ (assuming a 50:50 SY/PT ratio) or 6 pills per LP token.

  • After the end of the Pills Campaign in November, get $USUAL token directly.

  • Native yield of the pool.

  • Catch that Max Boost as Usual

💰 PT - Keep it Steady

No Pills here, but hold tight for a Boost Catchup and your sweet Final Boost Multiplier.

Find the Golden YT and Hit the Jackpot!

Ready to become a Pills billionaire? You and 9 other lucky degens could split a whopping 5 billion Pills in 10 lottery draws. The more YT-USD0++ you hold, the bigger your chances of snagging a Golden YT. First draw lands on October 2024, so stack ’em while you can! We’ll let the Pendle intern drop his hot take on YT valuations, so you can start dreaming about just how wild this bonus is gonna get!

General Participation Rules

  • Eligibility Period: Holders of YT USD0++ 2025 must retain their tokens from October 17 to mid-November to qualify for all the draws of the lottery.

  • Snapshot and Draw Timing: Multiple snapshots will be taken during this eligibility period. Each snapshot will facilitate one specific draw, ensuring that the process is both decentralized and transparent. Address that action the contract will be communicated publicly to prevent any manipulation.

  • Prize Reception: Winners will receive their pills at the end of the pre-launch period, which will then be incorporated into their total pill count for conversion into USUAL tokens.

Draw Transparency

  • Blockchain and Smart Contracts: Each draw will be managed through contract on Arbitrum, ensuring that the process remains decentralized, transparent, and verifiable.

  • Chainlink VRF Integration: Chainlink’s Verifiable Random Function (VRF) will be utilized to select winners randomly, ensuring fairness and transparency.

  • Snapshot Timing: Snapshots of YT token holdings will be taken randomly 24 hours before each draw to determine the eligible participants for that draw.

  • Ticket Assignment and Winner Selection Logic:

    • Tickets are assigned based on the proportion of YT tokens each wallet holds. For instance, a wallet holding 80% of the tokens will receive 80% of the tickets.

    • The winner is determined by the Chainlink VRF-generated random number, which will correspond to one of the assigned tickets.

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