The stablecoin USD0++, which is a liquid staking derivative of USD0, has lost parity with USD0 and is now trading at around $0.92. USD0++ functions as a bond with a four-year maturity and is designed to reward users who stake their USD0 in exchange for USD0++ and earn yields and rewards in the protocol's native token, USUAL. However, an announcement of an alternative exit option for USD0++ to USD0 has caused the price to decrease further. The new exit option allows users to redeem USD0++ to USD0 at a manually set floor price of $0.87 USD0 per USD0++, while still retaining rewards. This change in exit options has affected the market and led to a dump of the USD0++ Pendle pool. There have been rumors of insider trading, but Gauntlet, a risk curator, claims they were not privy to any advance notice. The native token of the protocol, USUAL, has seen an -18.7% decrease in value in the last 24 hours.



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