Usual community releases UIP-6 proposal, proposing to raise USD0++ lower limit to $0.92

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According to Foresight News, RWA stablecoin issuer Usual's community has released UIP-6 proposal "to maximize value for USUALx holders", suggesting raising the floor price of USD0++ from $0.87 to $0.92, and redistributing 47 million USUAL tokens collected from early redemption to USUALx holders before the second quarter of 2025. The proposal notes that the USUALx ecosystem faces unfair arbitrage issues, with early redemption mechanisms expected to cause annual income losses of $11.1 million, reducing USUALx's value by approximately 22%.

Additionally, they plan to adjust the unlocking time (UT) for early redemption from 6 months to 2 years to prevent harmful arbitrage behaviors and protect long-term value. Voting in support of the proposal will help maintain USUALx's value and promote sustainable protocol growth. The voting will take place within 3 days, and users holding both USUALx and USUAL tokens can participate.

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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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