We’re excited to announce that Usual is now live on Pendle, making it the second-ever stablecoin to join the platform. For all the Pills enthusiasts out there, this collaboration with Pendle is designed to supercharge your USD0++ experience—get ready for the Pills Overdose! If you don't know Pendle, you can learn how the protocol works here.
Earn More Pills
On Pendle, you can earn additional Pills and leverage Pendle's unique mechanisms to maximize your rewards. Here's how you can benefit:
USD0++ YT (Yield Tokens): Earn 3 Pills/day per YT, plus enjoy a Boost Catchup as long as you stay within Pendle or other Usual products. Do note that Pendle's DAO take a 3% fee on all YT Pills.
LP (Liquidity Provider Tokens): Earn 3 Pills/day per 1 USD0++ provided in LP, plus receive a Boost Catchup as long as you remain within Pendle or other Usual products.
PT (Principal Tokens): While no Pills are awarded for PT, you can benefit from a Boost Catchup and your Final Boost multiplier as long as you stay within Pendle or other usual products.
Boost your Final Boost
New users and those already engaged with Usual rewarded products can benefit from a Final Boost that automatically adjusts to the maximum current rate when entering Yield Tokens (YT) or Liquidity Provider tokens (LP) on Pendle. Here’s how it works:
Existing Usual Rewarded Positions: If you’re already holding rewarded Usual positions, you can freely trade Usual products on Pendle (like YT for PT) or exit your Pendle position. Your Final Boost will continue to accrue without interruption as long as you maintain other rewarded Usual positions.
Usual Positions Only on Pendle: If you only hold Usual positions on Pendle (such as USD0++ YT, LP & PT), your Final Boost will keep accruing as long as you maintain your position or trade within Usual products on Pendle (like YT for PT). If you switch to a non-standard product (e.g., selling YT for USDC), you’ll have a one-week grace period to revert to a standard Usual product on Pendle or another recognized Usual product (like USD0++, LP on Curve, Lend on Morpho, etc.), ensuring your Final Boost remains protected.
With Usual now on Pendle, you have more opportunities than ever to maximize your rewards and take full advantage of the unique benefits of USD0++ and Pills. Dive in and explore the new possibilities today!
Why Collect Usual Pills?
Do you believe in a future where crypto is driven by its users and the value generated by stablecoins is shared among them, not just by the giants like Tether and Circle? If so, Usual Pills are your ticket out of the matrix.
By engaging with Usual during our pre-launch phase, you can earn Pills—points that will later be converted into $USUAL tokens. These tokens represent 7.5% of the total $USUAL supply at TGE, scheduled for Q4 2024. Participating in the Pills campaign means you're not just a user, but an integral part of shaping the protocol's future, and you own the protocol.
For more details on how to maximize your Pills, check out our Pills Campaign Rules.
What is USD0++?
USD0++ is an enhanced 4-year DeFi T-Bill secured by locked USD0, distributing yield in $USUAL tokens. This product is your gateway to owning a piece of the stablecoin issuer itself, allowing you to benefit directly from the growth and success of the Usual protocol. USD0++ not only provides a boosted yield but also gives you a stake in the protocol’s governance and future revenues. For a deeper dive into USD0++, explore the details in our product documentation.
How It Works
During the Pills campaign, holding USD0++ gives you access to Pills and a proportional share of the $USUAL airdrop. Once the campaign concludes, USD0++ will continue to generate returns in $USUAL tokens, ensuring ongoing rewards. Additionally, the Base Interest Guarantee (BIG) mechanism ensures a minimum yield, safeguarding your investment against market volatility. To learn more about how this mechanism works, visit our Base Interest Guarantee (BIG) page.
By participating in the Usual ecosystem, you're not just earning rewards; you're actively contributing to the evolution of a more decentralized and user-centric financial future. Don't miss out on your chance to be a part of this revolutionary movement.
