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Usual community releases UIP-6 proposal, proposing to increase the USD0++ lower limit to $0.92
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2025-04-04 15:02 3,875
Golden Finance reported that the Usual Community, a stablecoin issuer, released a UIP-6 proposal to "maximize value for USUALx holders", proposing to increase the floor price of USD0++ from USD0++ to USD0++ from USD 0.87 to USD 0.92, and redistribute the 47 million USUAL tokens collected since the early redemption to USUALx holders by the second quarter of 2025. The proposal points out that the USUALx ecosystem faces unfair arbitrage problems. Through the early redemption mechanism, it is expected to cause a revenue loss of US$11.1 million each year, reducing the value of USUALx by about 22%.
Keywords: Bitcoin
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