After USD0++ is depegged, Usual Protocol plans to activate the revenue switch function in advance to stabilize its ecosystem
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Odaily reports that RWA stablecoin issuer has posted on the announcing that it has recognized the significant community reaction to the substantial depegging of its stablecoin from $1, and will therefore implement a series of measures to address user concerns and stabilize the ecosystem. It is reported that the "Revenue Switch" function is planned to be activated on January 13, allowing to share its earnings from real-world assets and protocol operations with the community. The team expects a monthly revenue of around $5 million, and under current conditions the annual return rate will exceed 50%. These allocations will be made on a weekly basis, in order to consolidate the actual value of , balance its economic model, and generate income for the protocol. (Note: The revenue switch function of will be officially enabled when over 50% of tokens are staked as . If the requirement is not met, it will be automatically activated on February 1, 2025. Once enabled: 100% of the earnings (up to $5 million per month) will flow to stakers in the form of .) Furthermore, the team also stated that they will launch the "1:1 early unstaking" function next week, allowing users to redeem at a rate of $1, but requiring them to forfeit a portion of their accumulated rewards as a penalty.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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