💲New drama for a stablecoin?  

You may have noticed that USD0++ has lost its peg to the dollar. Basically USD0++ is the staking version of USD0 (backed by real assets such as US Treasuries). Users lock USD0 in stake and earn USD0++ with high returns (up to 60% APY from February 1, 2025) through the issuance of the $Usual token. USD0++ however has a 4-year lock but before the new update (January 9) it was redeemable for about $0.99 by selling it spot.

The sudden update provides a double exit regarding the redemption options:  
1) Conditional exit (1:1 redemption/early unstaking but renounces the accumulated rewards --> $Usual yield burn, penalizing early withdrawals) 
2) Unconditional exit (immediate redeem at $0.87 as minimum price with gradual re-peg to $1 within 4 years)

Early unstaking was mentioned in the protocol's working mechanisms as early as November 2024 (yield burn for premature unstaking), the sudden addition was "unconditional exit".