USD0++

Overview

USD0++ is a liquid staking token derived from USD0, staked for 4 years, providing holders with liquidity and yield opportunities. It offers daily yield distribution in $USUAL tokens, with a variable rate based on market price, and guarantees a floor yield in USD0, matching the risk-free yield. USD0++ remains liquid and composable within DeFi. Pre-launch, holders can earn points (Pills) for airdrop eligibility, and post-launch, they receive returns in $USUAL tokens.

USD0++ Issuance

A holder of USD0 can stake their USD0 at any time to make them productive through a USD0 liquid staking token (USD0++):

1. Staking USD0: The user stakes their USD0 to convert them into USD0++

2. 1:1 Issuance: USD0++ are issued on a 1:1 basis with the staked USD0

3. Staking Duration: The staked assets are immobilized for the maturity period of the USD0++

USD0++ Redemption

Users can exit their position in the following ways:

1. Secondary market: USD0++ can be sold on the secondary market

2. Unstake against floor price: USD0++ can be sold against USD0 at a specific floor price set by the DAO

3. Unstake against a fee in $USUAL: Users pay a fee in $USUAL and can unstake 1:1 to USD0

USD0++