一如天空8
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一如天空8
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The Wind Rises
不会炒币的小白
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Will Usual Protocol crash like LUNA?
As for whether Usual Protocol will collapse like LUNA, this question involves several key risk points, mainly related to the design of its stablecoin and governance mechanism. In order to make a reasonable analysis, we can evaluate its potential risks by comparing the reasons for LUNA's collapse and the design mechanism of Usual Protocol.
1. The reason for LUNA’s failure
LUNA crash (i.e. Terra ecosystem collapse) mainly occurs in the following aspects:
The mechanism of algorithmic stablecoins failed: Algorithmic stablecoins (such as UST) are used in the LUNA ecosystem, which relies on LUNA tokens on the market to maintain the value stability of UST. The 1:1 price lock relationship is maintained by "burning LUNA for UST" and "exchanging UST back to LUNA". When market confidence collapsed, large-scale redemptions caused the price of LUNA to plummet, which in turn triggered the depegging of UST.
1. The reason for LUNA’s failure
LUNA crash (i.e. Terra ecosystem collapse) mainly occurs in the following aspects:
The mechanism of algorithmic stablecoins failed: Algorithmic stablecoins (such as UST) are used in the LUNA ecosystem, which relies on LUNA tokens on the market to maintain the value stability of UST. The 1:1 price lock relationship is maintained by "burning LUNA for UST" and "exchanging UST back to LUNA". When market confidence collapsed, large-scale redemptions caused the price of LUNA to plummet, which in turn triggered the depegging of UST.
Need to fully wash the pledger.
Quintin Ruezga snlI
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Bearish$USUAL Pledged USD0, the dealer goes to buy government bonds, government bonds have an annual interest rate of 5% exchanged for usual white条interest, the dealer uses empty hands to collect 10% interest from government bond interest, then the large account white条interest usual pledges for a year at 350% interest. If you do not pledge, your interest will be taken by those who do pledge. In the end, the price of usual keeps getting lower, and when usual is low, those small orders who do not pledge do not want to buy. The remaining large pledgers, after 4 years, 4 billion white条interest will greatly depreciate. Once it depreciates, the large accounts will want to escape, and a stampede will occur. At this time, adding a few zeros is possible. Now, those who are pledging have started to decline, and at this time, whoever pulls the market up will die. If not, this week will double flow into USD0 and yield will come up, otherwise it will still fall.
usual
Still need one more needle, I have hung 0.7 and 0.6!
Still need one more needle, I have hung 0.7 and 0.6!
usual My strategy is to let it drop, not catch falling knives, not bottom fish, and buy in batches when it stabilizes with reduced volume.
Good thing
耐心才能有所收获
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$USUAL came as soon as it was said, the project party still followed their own deployment step by step and step by step
Usually hold on for a few more days, it is expected to fluctuate within a narrow range in the next couple of days, then batches will need to be placed to take positions. If you have time, don't rush. There will be an optimistic result before early January.
Let's understand the basic knowledge.
暴富锦李
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EU removes USDT, USUAL's potential is prominent, it's time to layout at a low point!
Below is an in-depth study of USUAL:
USUAL has a strong lineup of investment institutions, including Binance, EuroEasy and dozens of other institutions. Its 4-hour K-line shows a double bottom pattern, and short-term investors can consider ambush entry. It is worth mentioning that the founder is the vice chairman of the French presidential party, with a strong background.
1. Project positioning
Usual is committed to becoming a safe and decentralized issuer of fiat stablecoins. It aggregates RWA tokens (mainly tokenized U.S. Treasury bonds) from institutions such as Hashnote and BlackRock, and converts them into a permissionless, on-chain verifiable and composable stablecoin USD0, and redistributes ownership and governance rights through the governance token USUAL, which can be called an innovator of Tether on the chain.
2. Hit the pain point
User ownership
USDT and USDC are the two major stablecoins, with a market value of over 140 billion US dollars for USDT and over 42 billion US dollars for USDC. According to public data, Tether's profit in 2024 can reach 10 billion US dollars, and Circle's annual profit is 3 billion US dollars, but these profits are monopolized by the issuer. Usual is different. It returns profits and power to the community. 100% of the protocol's income flows into the treasury, and 90% is distributed to the community through governance tokens.
Risk of bank bankruptcy
USDT and USDC rely heavily on commercial bank guarantees, and there are security risks due to the partial reserve system. Usual innovates the issuance method. The underlying assets of stablecoins are 100% mortgaged by short-term US Treasury bonds, decoupling from the traditional banking system, and avoiding the risk of bank bankruptcy.
3. Working mechanism
The Usual ecosystem has five core tokens:
- USD0: stablecoin, which can be exchanged with USDC or USYC at a 1:1 ratio.
- USD0++: LST tokens generated by USD0 pledge, holders receive USUAL incentives.
- USUAL: governance token.
- USUALx: available by staking USUAL, activating governance rights and receiving rewards, and voting on the protocol.
The above analysis is for reference only and does not constitute investment advice!
$USUAL
Below is an in-depth study of USUAL:
USUAL has a strong lineup of investment institutions, including Binance, EuroEasy and dozens of other institutions. Its 4-hour K-line shows a double bottom pattern, and short-term investors can consider ambush entry. It is worth mentioning that the founder is the vice chairman of the French presidential party, with a strong background.
1. Project positioning
Usual is committed to becoming a safe and decentralized issuer of fiat stablecoins. It aggregates RWA tokens (mainly tokenized U.S. Treasury bonds) from institutions such as Hashnote and BlackRock, and converts them into a permissionless, on-chain verifiable and composable stablecoin USD0, and redistributes ownership and governance rights through the governance token USUAL, which can be called an innovator of Tether on the chain.
2. Hit the pain point
User ownership
USDT and USDC are the two major stablecoins, with a market value of over 140 billion US dollars for USDT and over 42 billion US dollars for USDC. According to public data, Tether's profit in 2024 can reach 10 billion US dollars, and Circle's annual profit is 3 billion US dollars, but these profits are monopolized by the issuer. Usual is different. It returns profits and power to the community. 100% of the protocol's income flows into the treasury, and 90% is distributed to the community through governance tokens.
Risk of bank bankruptcy
USDT and USDC rely heavily on commercial bank guarantees, and there are security risks due to the partial reserve system. Usual innovates the issuance method. The underlying assets of stablecoins are 100% mortgaged by short-term US Treasury bonds, decoupling from the traditional banking system, and avoiding the risk of bank bankruptcy.
3. Working mechanism
The Usual ecosystem has five core tokens:
- USD0: stablecoin, which can be exchanged with USDC or USYC at a 1:1 ratio.
- USD0++: LST tokens generated by USD0 pledge, holders receive USUAL incentives.
- USUAL: governance token.
- USUALx: available by staking USUAL, activating governance rights and receiving rewards, and voting on the protocol.
The above analysis is for reference only and does not constitute investment advice!
$USUAL
Usual
Discuss the recent insights on the continuous growth of TVL despite the decline in coin prices. Currently, the APY is relatively high, and large holders (possibly market makers, institutions, or whales) are aggressively staking and mining, producing a large amount of Usual daily and restaking it, thus increasing the TVL, with the aim of acquiring more coins.
However, as more coins are mined, many people will sell off and exit, leading to a decrease in coin prices. At this point, market makers are not 'insiders'; they won't throw money into the sea.
Large holders conduct short hedging to counteract the depreciation of their holdings caused by falling coin prices, using the profits from shorting during price declines to offset the losses from holding coins.
Currently, large holders are in a stage of madly mining and hoarding coins, and the gradual decline in prices aligns with their interests, as no one is foolish enough to raise prices to support those who are unlocking (coins). (Don't expect market makers to be so foolish; as long as prices do not fall below the market makers' control price, they won't care about the gradual decline).
As long as the APY is still far greater than the fees, this model will not change; in other words, coin prices will not rise.
Therefore, we only need to pay attention to the value of APY now.
Discuss the recent insights on the continuous growth of TVL despite the decline in coin prices. Currently, the APY is relatively high, and large holders (possibly market makers, institutions, or whales) are aggressively staking and mining, producing a large amount of Usual daily and restaking it, thus increasing the TVL, with the aim of acquiring more coins.
However, as more coins are mined, many people will sell off and exit, leading to a decrease in coin prices. At this point, market makers are not 'insiders'; they won't throw money into the sea.
Large holders conduct short hedging to counteract the depreciation of their holdings caused by falling coin prices, using the profits from shorting during price declines to offset the losses from holding coins.
Currently, large holders are in a stage of madly mining and hoarding coins, and the gradual decline in prices aligns with their interests, as no one is foolish enough to raise prices to support those who are unlocking (coins). (Don't expect market makers to be so foolish; as long as prices do not fall below the market makers' control price, they won't care about the gradual decline).
As long as the APY is still far greater than the fees, this model will not change; in other words, coin prices will not rise.
Therefore, we only need to pay attention to the value of APY now.
Wow haha 😄
三思宁
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Do you know what position you are in?
Originally, I didn't want to say anything because there was no practical value in discussing this, but the recent launch of these coins is unacceptable to me. This is blatant 'cooperation'. Cooperation is a good term, but why put it in quotes? Retail investors must have a deep understanding of this.
Retail investors are at the very bottom, which everyone knows, but do you know how many layers there are above you? Let me briefly explain.
Level One: Regulators. This identity represents power capital. Regulators have absolute authority over whether all secondary market activities can be conducted. Think about why regulators can allow centralized exchanges to operate.
Retail investors are at the very bottom, which everyone knows, but do you know how many layers there are above you? Let me briefly explain.
Level One: Regulators. This identity represents power capital. Regulators have absolute authority over whether all secondary market activities can be conducted. Think about why regulators can allow centralized exchanges to operate.
Usual holders: Those who held coins after listing with a cost above 0.8. A large number are above 1.4, pre-market traders have costs between 0.2-0.7, and stakers.
The fundamentals are fine, supported by big names like Binance, CB, OKEx, and Haima. The pie is very big.
So far, there hasn't been any USD 0 profit. The first phase reward is given to usual holders; currently, usual is still just a virtual currency, without the benefits of government bond yields, not yet a coin.
Market makers are washing the盘, previously defended between 0.9-0.95 and then rebounded to 1.4, but now it has dropped again for washing. Between 1-1.1, many post-listing holders and pre-market traders have been washed out, and some stakers have begun to unstake.
Since it has reached the daily level, it needs to continue washing. The first phase looks at whether 0.9-0.95 can hold, it should be possible, leading to a rebound, then wash again, impacting the range of around 0.8, thoroughly washing out post-listing holders, causing pre-market traders to flee, and separating the muscles of stakers. In the worst-case scenario, a spike around 0.75 could wipe out all long contracts.
If the project doesn't die, then it has successfully passed the tribulation.
Currently holding 60% of the coins, two layers are set at 0.95; if filled, it will rebound to 1.1 and be kicked out.
DYOR!
The fundamentals are fine, supported by big names like Binance, CB, OKEx, and Haima. The pie is very big.
So far, there hasn't been any USD 0 profit. The first phase reward is given to usual holders; currently, usual is still just a virtual currency, without the benefits of government bond yields, not yet a coin.
Market makers are washing the盘, previously defended between 0.9-0.95 and then rebounded to 1.4, but now it has dropped again for washing. Between 1-1.1, many post-listing holders and pre-market traders have been washed out, and some stakers have begun to unstake.
Since it has reached the daily level, it needs to continue washing. The first phase looks at whether 0.9-0.95 can hold, it should be possible, leading to a rebound, then wash again, impacting the range of around 0.8, thoroughly washing out post-listing holders, causing pre-market traders to flee, and separating the muscles of stakers. In the worst-case scenario, a spike around 0.75 could wipe out all long contracts.
If the project doesn't die, then it has successfully passed the tribulation.
Currently holding 60% of the coins, two layers are set at 0.95; if filled, it will rebound to 1.1 and be kicked out.
DYOR!
How to operate the 1.4 version better?
三思宁
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$USUAL Continue from the previous article, which said that as long as the oblique support is not broken, it will rise back to around 1.15. At present, there is a cannonball pit on the market, commonly known as a cannonball wash. I know this, but I don’t know if you have any idea. I opened a position at 1.03 on Zhima, because I went to play Soon. Screenshots are not allowed here, and they will be blocked. I have a position at 1.03. I think this platform is a bullish platform, so I judge it to be a cannonball wash. You can learn about various wash methods, you can ask me, or you can check it yourself.
Where is the morning protection team's cost range?
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Thank you for the sharing, the usual has given me some thoughts, which is quite interesting, so I posted my first message with my account. Please take a look when you have time, and give me some advice. This is not for traffic, purely for communication. 🤝
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The coin $USUAL is currently widely regarded as a coin with practical value, recognized by Wall Street elites as a RWA coin, and its practical value is self-evident.
There is a thought process, throwing a brick to attract jade. I believe that the usual coin, like the other coins bought by the one who understands, can become a meme 2.0 after his governance.
Consideration: Before he takes office, he needs to create momentum, requiring a large number of followers, making a show, and inciting a meme frenzy, which can be called meme 1.0 during his selection period. Accompanied by his election, we can analyze from the coins he recently purchased that he values coins with real value more; once he actually governs, he will definitely strive to maintain national credibility and the growth of the bond market. Whenever his policies or speeches involve bonds, it will stimulate the nerves of the usual coin, and over time, this will become the definition of the new meme after Trump's governance 2.0, which can be understood as Trump meme 2.0. Upon governing, he must be practical and not just engage in those 1.0 air memes. This shift seems to be similar in other countries as well.
Fish head stage: Long-term stakers can earn the coin-based usual + government bond returns. According to compound interest calculations for staking, it is not profitable to withdraw within the first week of staking. Some say it takes about 10 days to break even; however, regardless, today is the 4th day after listing, and we are still in the fish head stage. It has risen suddenly, and a market adjustment is to be expected.
Risk Warning: As time passes, about 10 days after listing, the number of coins being unstaked in the market will increase, and it is inevitable that some will incur losses. Of course, if you study its mechanism carefully, you will find it difficult to trigger a spiral crash. However, we have reached a stage surrounded by many participants, and the price growth will slow down significantly. This is the fish body stage.
DYOR
There is a thought process, throwing a brick to attract jade. I believe that the usual coin, like the other coins bought by the one who understands, can become a meme 2.0 after his governance.
Consideration: Before he takes office, he needs to create momentum, requiring a large number of followers, making a show, and inciting a meme frenzy, which can be called meme 1.0 during his selection period. Accompanied by his election, we can analyze from the coins he recently purchased that he values coins with real value more; once he actually governs, he will definitely strive to maintain national credibility and the growth of the bond market. Whenever his policies or speeches involve bonds, it will stimulate the nerves of the usual coin, and over time, this will become the definition of the new meme after Trump's governance 2.0, which can be understood as Trump meme 2.0. Upon governing, he must be practical and not just engage in those 1.0 air memes. This shift seems to be similar in other countries as well.
Fish head stage: Long-term stakers can earn the coin-based usual + government bond returns. According to compound interest calculations for staking, it is not profitable to withdraw within the first week of staking. Some say it takes about 10 days to break even; however, regardless, today is the 4th day after listing, and we are still in the fish head stage. It has risen suddenly, and a market adjustment is to be expected.
Risk Warning: As time passes, about 10 days after listing, the number of coins being unstaked in the market will increase, and it is inevitable that some will incur losses. Of course, if you study its mechanism carefully, you will find it difficult to trigger a spiral crash. However, we have reached a stage surrounded by many participants, and the price growth will slow down significantly. This is the fish body stage.
DYOR
Is this a golden pit?
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Thank you for sharing. I would like to ask again, how to determine the critical point during the initial stage of formal trading accompanied by high yield pledge price increase? How is the first target price of 2u determined? Thank you.
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