$USUAL #usual

Obviously not happy with Usual chart. And yes, loss of opportunity on other projects. I’m down 6 figures.

However, honestly, I’m still scratching my head as to why would so many pass on 100% USD APY yield?

I can totally understand APY in Usual is less appealing, it’s risky and price has tanked. And yes, slower money is worth less than fast money.

But USUALX pays rewards in USD. It still has $1.2B in TVL at 4% which is $50M in shared revenue ~ $4-5M per month. This amount is 100% given to USUALX stakers.

USUALX ratio vs USUAL is also now 1.223 and growing. Over 50M Usual have been burned.

It’s also backed 100% by US Gov bonds, which are verifiable on-chain. It has big backers, and a reputable team.

So what is happening?

My take is that the protocol is simply too complex for retail investors, in a climate where a token like MELANIA can even be considered as an investment. Massive pumps and dumps everywhere. It’s a crazy world. Real value is hidden by collective insanity.

The truth is that BTC is the real daddy, and we’ve all forgotten about this. We’re now stuck with crapcoins.

Can anyone honestly say they haven’t lost tons on other cat-litter tokens? At least USUAL sends me weekly rent and holiday money.

Bullish because it makes sense to be.