ETH000
$eth0
MCAP9.51M
+2.21%

what's ETH0?

ETH0 is a yield-bearing token within the Usual protocol, designed to provide liquid exposure to Ethereum staking rewards without lockups. Users can mint ETH0 by depositing ETH or stETH equivalents, enabling flexible participation in yield generation through automated strategies that capture staking returns while maintaining composability in DeFi applications. The token operates on Ethereum, integrating with protocols like Curve and Pendle for enhanced liquidity and looping opportunities. It emphasizes transparency and user ownership, with yields derived from real protocol revenues redistributed to holders, positioning ETH0 as an efficient alternative to traditional staked ETH for maximizing returns in a decentralized manner.

Snapshot

USD0++ ranks 8th among largest tokenized funds by market cap.

contract

ethereum

1W ago
TECH EVENT

Completed liquidity upgrade to Uniswap v3, improving capital efficiency and market structure.

2W ago
MARKET ACTIVITY

Has a funding rate arbitrage opportunity of 338% APR on December 31, 2025.

1M ago

USD0++ ranks #8 among the largest tokenized funds by market cap.

Protocol burns 25% of max supply and reduces daily selling pressure by 85% following DAO disinflation ratification. One-year investor cliff vesting event completed, USL borrowing rate drops to 1.5% APY, and new sUSD0/sEUR0 savings products go live.

USD0a launches with collateral backing from T-bill fund $USTB and crypto basis fund $USCC.

New Omnix402 integration developed at ETHGlobal Hackathon allows payment for x402 endpoints using USD0 from Polygon with automated LayerZero bridging.

USD0++ stablecoin depegged to $0.87 following team contract changes made without proper governance disclosure, causing token to crash 97% from $1.62 peak to current $0.02-$0.04 range. Team implemented emergency recovery measures including 100% protocol revenue sharing and early 1:1 redemption options (with forfeited rewards), while token vesting just begins.

DeFiLlama data shows a P/S ratio of 3.17, ranking among cheaper protocols by this valuation metric.

Deflationary reform vote concludes on Tuesday, November 18.

USD0++ supply stands at $525.1M with 96.03% of all USD0 locked into the upgraded asset, and USUALx yields 13.99% APY.

2M ago

UIP-11 governance proposal is under active vote to reduce token emissions and tighten supply in preparation for V2 protocol upgrade.

USUALx locking rewards integrate with Brevis_zk to verify on-chain participation for airdrop distribution.

Q4 roadmap expands to include EUR0 for multi-currency DeFi and FX rails as a new FX liquidity engine, moving beyond the previously announced USD lineup products.

USD0 total supply stands at $550M while USD0++ records $90M in 4-year cash flow.

The project ranks in the top 15 stablecoins and is gaining position according to Tokenterminal data, with backing from Triton. A metric decline from 650M to 33M is mentioned in critical commentary.

The protocol bought back 10M USUAL tokens this week, representing nearly 1% of circulating supply.

Usual Money ranks 9th among top 15 stablecoin issuers on Ethereum.

Uses Brevis ZK infrastructure to enable verifiable on-chain rewards distribution.

Q4 roadmap unifies USD lineup under common architecture with three products: USD0 (accrual/rebasing), USD0x (delta-neutral yield), and bUSD0 (bond & ownership).

$158K in USD0 distributed to USUALx lockers this week, with one-year locks earning 95% APY.

3M ago

USD0 shows highest percentage increases in whale transfers over $100K according to on-chain data.

The DAO has bought back 5% of the circulating token supply.

One-year USUALx locks currently yield 49% APY, with $158K in USD0 distributed to lockers.

Total redistributions to users have reached $18M+, demonstrating cumulative value delivered through the revenue-sharing mechanism for locked USUAL tokens.

Project receives a "Questionable" score on Ethos Network, with public allegations of a long history of shady practices and misleading communication to users.

USDai launch preparation includes allo points program with Pendle YT-token integration offering 25x point boost; team confirms participation cap won't be raised anytime soon.

Usual is included in M0's stablecoin expansion alongside Metamask and USD_HL projects.

Emission rate decreased by 20%+ and buybacks prepared to absorb up to 50% of emissions, alongside current metrics showing 67% of supply staked with 63% of staked tokens locked.

4M ago

USUALx lockers receive $158K in USD0 rewards this week with 40% APY for one-year commitments, showing a $2K increase in distribution but 5% decrease in APY compared to the previous week.

A major crypto supply chain attack prompts the team to advise against onchain transactions despite their frontend being unaffected due to potential wallet dependency risks.

ETH0 is now live with EUR0 and additional products in development pipeline. A roadmap refresh is imminent.

Competitor ResolvLabs characterizes Usual as tied to single-strategy models, claiming its own clusters offer more adaptable multi-yield approaches.

USUALx lockers receive $156K in weekly USD0 rewards, offering 45% APY for 1-year commitment

New Bunni pool achieves 8x capital efficiency vs Curve with equal volume and 8x higher APR.

Deep dive event reveals CPI program and Revenue Switch as key components of RWA rewards system implementation with ZK technology.

USD0 stablecoin launches on TAC platform with LayerZero integration and InterportFi bridge support.

5M ago

New airdrop goes live on Stake DAO platform, targeting previous Pills strategy participants.

Project ranks in top 10 for weekly increase in $100K+ transactions, indicating elevated whale activity.

Accumulation zone identified at $0.16-$0.20 amid growing stablecoin narrative focus.

Weekly USD0 rewards reach $156K with 44% APY for annual lockers

15.7M tokens bought back from market, reducing circulating supply and implementing buyback strategy.

Five distinct vaults now live offering 8-13%+ APY across institutional, chain farming, credit yield, and DeFi-native strategies.

Active phishing campaign targeting USD0++ holders via permit signatures steals $340,117.

6M ago

100M tokens locked within 24 hours with 86% choosing maximum lock period.

5M tokens locked for 12 months as UIP-9 proposal launches, indicating governance activation post-crisis.

New governance proposal introduces token locking, revenue-funded buybacks, and rewards restructuring to align long-term incentives with protocol revenue.

Market value collapses to 7M FDV from initial 1.2B FDV sale price.

Project faces severe deterioration due to management decisions prioritizing self-interest over community growth, indicating possible governance crisis despite strong previous metrics.

Anchorage Digital announces phase-out of USD0 support, citing lower safety scores compared to alternative stablecoins.

Staking APY increases to 98% with $520K weekly USD0 distribution

Final wave of Early Redemption program distributes 18.5M USUALx to committed holders.

Protocol reaches $654M TVL with $26M annual revenue, distributing $500K+ weekly in stablecoins to stakers with $13M USD0 already paid out.

Minting reaches 15,000 ETH ($38M) with 239 holders; USUAL staking APY adjusts to 76%

Infrastructure partner brevis_zk launches OG role program for early stakers with $100+ USD0 rewards.

Vested airdrop claims complete; USUAL staking offers 79% APY paid weekly in USD0

Protocol distributes 6.5M USUALx in first wave of Early Redemption fees Loyalty Bonus program.

Smart money accumulates with $97.6K in net buys over 24 hours.

7M ago

10,000 ETH cap filled within hours; USUAL stakers earn 105% APY with 60% in stablecoin revenue

New 10,000 ETH ($25M) cap announced with 4,000 ETH already minted rapidly.

4,000 ETH minted across two funding caps; next round opens at 1PM UTC.

ETH0 launch sees first deposit cap filled within 10 minutes, offering >10% native APY with zero lockups and full liquidity.

Initial 500 ETH cap filled in 10 minutes; next cap opens same day UTC.

Protocol launches with 500 ETH cap ($1M), offering >10% APY backed by wstETH with zero lockups.

Project listed on CoinGecko; capped system launch imminent.

Resolv Vault launches with triple reward structure (stUSR yield, USUAL rewards, RESOLV tokens), with RESOLV distribution beginning Thursday.

Protocol distributes $525K in USD0 rewards with current staking APY at 69%.

Protocol achieves $630M TVL with $27M annual revenue, while distributing $13M in USD0 rewards to stakers who locked $581M for 4 years.

Protocol announces buyback program planned for Q3 implementation.

Staking APY reaches 112% with 66% paid in stablecoin, driven by protocol revenue streams.

Strategic pivot transforms protocol into revenue-sharing financial layer with new 2025-2026 roadmap.

Seventh Early Redemption fee distribution completes with 8M USUALx redistributed to holders.

Arbitration exploit attempt on vault detected; all funds secure with no losses.

A $43k arbitration exploit affects USD0++ investment vault through unwrapping mechanism; no user funds lost and core protocol remains operational.

Active hack detected by Phalcon security system; protocol operations suspended.

$16M bug bounty program, backed by Sherlock and Nexus, reports zero critical vulnerabilities after 6 weeks of testing.

Sixth wave of Early Redemption fees distributes 8M USUALx to eligible holders.

Protocol distributes $500K to stakers, offering 52% APY from real revenue sharing.

New USD0-USDC DEX pool launches on Fluid with triple yield opportunities: lending APR, trading APR, and token rewards.

High-performing trader ($15M+ profit) opens short position on multiple assets including the token

Treasury-backed stablecoin USD0++ offers 17% APY.

New USD0++ liquid staking pool launches on Penpie platform with enhanced PENDLE rewards.

Superstate Vault specifically offers 22% net APY through combined crypto basis yield and daily rewards.

8M ago

8.10M USUALx distributed in fifth wave of Early Redemption fees.

Operates on LayerZero's cross-chain infrastructure alongside PayPal and Tether, leveraging the platform that controls 70% of the stablecoin market.

New yield farming opportunity offers 70% ROE through USD0++ collateral deposits with 5% fixed borrowing rate.

Multiple yield strategies now live with ROE up to 64% and APY ranging from 19-37% across various vaults and pools.

8.2M USUALx tokens distributed to holders in fourth wave of Early Redemption fees.

Staking system offers up to 100% protocol revenue sharing with $10M already distributed to participants.

Protocol's yield structure reveals sustainability risks as USD0++ rewards depend on USUAL token price rather than actual underlying asset yield, while synthetic eUSD0 adds complexity to collateral composition.

$500K revenue distributed to USUAL stakers, representing largest weekly DeFi distribution, backed by protocol earnings.

TAC Vault reaches $4M TVL with 34% APY yield farming opportunity through combined rewards.

New USUALx/USUAL market launches on Morpho with 10M USUAL liquidity and 94.5% LLTV, enabling APY looping strategy.

Token receives highest smart money inflow ($39.9K) among AI projects in 24h period.