Good evening, guys. I came across the Usual Money project on my radar, and I immediately decided to look into it with you. After reading a bit of the documentation, I decided to record a video because the project is interesting and not very simple. It would be convenient for me to do it in video format because I am planning to figure out and understand whether it's worth getting into NM now. First of all, a beautiful website is the face of the project for me. It's the first impression. Secondly, they have this play on words, ter, which is a stable coin backed by toned assets. They want to centralize the coins, and there is a certain mission for the project. This is already good because there is an ideology, and followers should believe in the ideology, not giving anyone peace, those incomes of Tether and Ccle that do not share their incomes from bonds and deposits they have in the bank. They just give us a coin that costs one unit, but all the income from it goes to

They are taking it, and these guys want to change it, I mean, to make everything open and decentralized. The baking is there, you can see it clearly, provided by whom. Not these Tether guys, so that the management rights of all this goodness would belong to the community, I mean, to those who farm them. The managing token will be called usual, and of course, it can be arranged through the program. Now let's get into the mechanics. So, their main product is USD with a zero. Well, I hope it's the future, not just a cool name. It will be backed by rva, that is, by these American overnight treasuries. In general, it is considered the safest asset in the world. Let's see how it actually works. For now, someone has to hold it. Let's mark a note to come back to this issue. And there is a second token, USD 0p. Well, it's basically like the USDe and SDe, meaning you can stake it here using the Point program. Pillyulkin will provide pills, meaning they will be given to us.

Trying to extract from one financial matrix to another. So, this is their app. To enter here, you need a code. Well, we'll figure it out with the codes later. So for now, let's go to the documentation. What interests us is what will be stored in the software. From this reference, we understand that treasury bills US will be stored. These are some bonds that generate income at approximately the current key rate in the USA, around 4-5%. They have providers, meaning they don't store it in a bank somewhere; they are a fully decentralized organization. Therefore, they need tokenized providers of these bonds. The first one is an institutional organization where investors can enter and do something there. Essentially, it's a custodial service that can store these bonds in their American accounts. Tokenized means an American bank that allows them to trade them. There are auditors as well.

Not bad here. Well, there is regulation, American and non-American. Apparently, according to American laws, it's not that simple to issue these receipts, so they have this SD token. I understand it's a token that is backed by the USD Zero token. Well, not bad to start with. It's also important to know that only certain obligations can be issued from these receipts. Well, only certain things are allowed from the list, just like outside, in general. So, for us ordinary people, we can enter through USDC and USD. Well, these are regulated in America and in the European Union. So basically, there is an entrance and exit. That's good. In the future, they plan to connect additional protocols, some of which we know are already working, like Mountain. Well, and several other new projects. So, diversification is planned, but for now, there is only one provider. Well, we can convert back to stablecoins, so USC, not everyone can do that, but this is through.

The exchange, as usual, targets everyone, I understand that they have a scheme to maintain the peg through Arbitrage, as they have the ability to issue these bonds from their issuer and receive full collateral. So, it is fully secured. And here in the picture, it was shown somewhere. So, yes, they compare themselves with a stablecoin where there may be incomplete collateral, something may disappear in a bank. In general, it's funny to compare with a bank at all because essentially when you deposit money in a bank, the bank has partial collateral, and they issue multiple loans against this collateral. Well, in general, it's an interesting picture. Next, we are interested in the second token. Let's figure out what this USD 0 with two pluses is. By the way, it's interesting how this token will look in the interfaces of exchanges, a green one like a dollar, it's quite cool. As far as I understand, USD p+ - is the same.

The most USD 0 only to stake here, in my opinion, it says for either two or 4 years. But it's liquid, meaning it will also be tradable on Curve through the USD Z pool, and we will have the opportunity to withdraw from it after staking. And this scheme is what interests us the most, yes, for 4 years, but it's wrapped, meaning we enter USD 0 and from USD 0, we create Log on the usual platform and receive this USD + Plus token, becoming its holder. When we become its holder, we receive income every block, well, like in DeFi, if there is little staked SD, then the income on this token is very high. So, the entire protocol pays out income for staking here. I understand it like this, a similar concept, but they did it quite cleverly; they pay it out not in dollars, but in their usual token. So, they will issue the token, I don't know yet how they will calculate specifically its value, maybe there will be some Oracle, and you can claim this.

The yield does not have to be claimed and stored. At the end of the term, you can choose to receive a guaranteed yield in the form of USD 0, which will be equal to the accumulated yield from these bonds that serve as collateral. Normally, USD 0 does not receive anything, but stakes all the yield from all the collateral USD 0, so the yield can be interesting in principle, and we will at least receive these 5%. At most, we will receive a yield in usual tokens, which, due to the volatility of usual itself, can be many times higher than these 5%. So, this is an interesting gamification, it turns out. When the expiration approaches, we can receive back USD 0. So, in theory, this token, USD 0++, will be at least equal to the value of USD 0. This is ensured by the fact that they have this parity arbitrage, which means that it is possible to vote to make an early allocation and receive USD 0, if it is profitable to then sell or reinvest.

Oh, about the dollar, I mean, the market essentially has the ability to Price Sit this Arbitrage so that the pluses do not become tangled through this thing, but here it is written that it will do it, yes, but in order for it to appear, yes, tokens need to be already in circulation, that is, the voting has passed and the mechanism started working. I understand, well, and this is what I previously explained, that essentially our minimum profitability is ensured by those RV assets that are held as collateral. Now, about the token US. There was also an interesting picture on this matter here. Tokens, and early contributors receive 10%. Early contributors - these are developers, and I understand that these defg are also good, such nfg that there are guys here that we know and trust. Well, and the token, by the way, has a very similar design to many protocols that support them, which is very important because the idea is not very new, and he tried to do it. Well, he did it like that.

Stablecoin, but it's not very popular, and then he tried to lay Zero, this USV, to make his own, but its market capitalization, I think, didn't even exceed 20 million. And here in Uli, you can see it's already 81 million. But apparently, this is due to private contributions in this farming. And it's evident that it has an effect, so the more TVL this protocol gathers, the more interesting the evaluation of this protocol of this token will be, and the more interesting farming will be. And here, there are rewards for early adopters. So, it turns out that you earn yield not in dollars, but in tokens of the protocol right away. And as far as I know, I've just searched in Telegram for something about this project because here you need a code. And our member Dan found a post by Dion precisely because he entered at the private stage earlier, he already has a link here and a project review.

In principle, he repeats what I told you. There are some details here that will be highlighted. They collected 7.5 million USD from investors and 75% of tokens will be allocated. So, now there is a farming program for pills, and it is very interestingly organized. It has been going on for 4 months, and there is also gamification involved. Now we will move on to A. Here it also says 75%. Well, cool, it's all transparent, so we understand the rules of the game here and can roughly assess our strengths. We are offered to mint this USD that will be... It says the program will last for 4 months, but I understand that... However, if we want, we can exit because we are offered to not just hold, but to provide liquidity on the exchange with two of their tokens and receive the same three pills for one dollar each day. And besides that, there is some profitability because there is turnover, I understand that these USD tokens are partially obtained from the market now, plus there are some arbitrage strategies.

They work, and once we receive five pills for every dollar. The most interesting thing here is that there is Multilandia, free liquidity now in stablecoin. If you like the project, then it's probably better not to delay too much. Here are all the additional rules. And of course, there is a referral program. So, you have a choice of Revka Rodion, who basically brought the idea first. Yes, and if they give me a referral, I haven't joined yet. I will also leave it in the post, I will be grateful for the transition, in general, for my small, modest work. Besides, I will join under Revka Rodion. I understand that it also includes a detailed multi-lesson. I will also make a link to Rodion's post because he mentioned some general details about the audit here, maybe I can highlight and delve into some insights since he mentioned it in a private round. So, let's discuss the project in the comments. Thank you all for watching, I'm off to search.

Where can I get a staple for this program because I like the project and I want to participate here.

💎 Краткий обзор проекта USUAL MONEY

💎 Краткий обзор проекта USUAL MONEY