Unveiling the Truth of the USUAL protocol: The $2 billion TVL Behind the RWA Ponzi Scheme

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The Truth About USUAL Protocol: A Ponzi Scheme Dressed in RWA Clothing

The USUAL protocol appears to be a Real World Asset project that provides US Treasury yield (RWA), but in reality, it is a carefully designed Ponzi Scheme. The protocol has a total of 5 tokens:

  1. USUAL - governance token ( mining coin )
  2. USD0 - Stablecoin ( is actually useless )
  3. USD0++ - 4-year Treasury bond token ( is in fact a conspiracy )
  4. USUALX - USUAL Staking Version ( Yangmou )
  5. USUAL* - Team and investor exclusive token ( conspiracy )

The Usual's conspiracy and strategy

The banner raised by the project party is: obtain 4% US Treasury yield without permission. However, to attract users, they launched USUAL token mining with returns as high as 70%. Users can mint USD0++ at a 1:1 ratio while also receiving USUAL token rewards.

The Conspiracy and Conspiracy of USUAL

The high returns are hiding significant risks. Although USD0++ is minted at 1 dollar, it is actually a government bond token with a 4-year lock-up period, worth only 0.84 dollars after discounting. The project party uses various means to cover up this fact, even fixing the price of USD0++ at 1 dollar on lending platforms, enticing users to engage in high-leverage operations.

The Conspiracy and Strategies of USUAL

After the TVL reached nearly $2 billion, the project team suddenly closed the USD0++ 1:1 redemption channel, allowing redemption only at a floor price of $0.87. This means users instantly lost 13%, approximately $260 million was cashed out by the project team. This fund was distributed to USUALX holders and the project team.

The Conspiracy and the Open Scheme of USUAL

The project party has also reserved USUAL* tokens, holding a large amount of equity. Through this method, the team has already profited at least 72 million dollars.

USUAL's Conspiracy and Strategy

The price of USUAL continues to fall, and the project team has no choice but to take extreme measures to maintain operations. However, this only delays the collapse; ultimately, USUAL will surely go to zero. All participants will suffer losses, and the only winner will be the project team.

The Conspiracy and the Strategy of USUAL

In the unregulated cryptocurrency market, projects without moral bottom lines emerge endlessly. Investors need to remain highly vigilant and cautiously participate in such high-risk projects.

The Conspiracy and Strategy of USUAL

USUAL's Conspiracy and Strategy

USUAL's schemes and strategies

The Conspiracy and the Open Plan of USUAL

The Conspiracy and Scheme of USUAL

USUAL-2.2%
RWA7.34%
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RadioShackKnightvip
· 6h ago
Rolex recycling doesn't even bother to find someone like me.
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CoconutWaterBoyvip
· 6h ago
A monk can run away, but the temple cannot.
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TerraNeverForgetvip
· 6h ago
Familiar formula, familiar taste.
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SadMoneyMeowvip
· 6h ago
This coin is stable, play people for suckers and it's done.
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