- Topic1/3
36k Popularity
38k Popularity
39k Popularity
53k Popularity
20k Popularity
- Pin
- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
USUAL protocol Revealed: The Ponzi Scheme Trap Behind 70% High Returns
The Truth About the USUAL Protocol: A Ponzi Scheme Disguised as Government Bond Returns
The USUAL protocol appears to be a project that provides the actual asset of US Treasury bond yields (RWA), but in reality, it is a cleverly designed Ponzi Scheme. This protocol has issued a total of 5 types of tokens:
The protocol attracts users with the banner of obtaining a 4% government bond yield without permission. However, for cryptocurrency investors accustomed to high returns, a 4% yield is clearly not attractive enough. Therefore, the protocol launched a mining program for the USUAL token with a yield of up to 70%, allowing users to participate in mining by exchanging USD0++ at a 1:1 ratio.
In order to alleviate user concerns, the protocol has also set up multiple liquidity pools and fixed the oracle price of USD0++ at 1 dollar. This creates the illusion that USD0++ can be redeemed 1:1 at any time, enticing some investors to engage in high-leverage operations.
However, the protocol suddenly announced the closure of the USD0++ 1:1 redemption channel, allowing exit only at a price of 0.87 USD. This means that the protocol withdrew about 260 million USD from a total locked value of nearly 2 billion USD ( TVL ). It is reported that these funds will be allocated to USUAL stakers.
In fact, the biggest beneficiaries are the project team. They gain a substantial stake through USUAL* tokens, including 10% of the total USUAL supply and 50% of the fee distribution. Just from this, the project team has already profited $72 million.
The reason the project team is taking such aggressive measures is that the Ponzi Scheme is hard to sustain. The USUAL price continues to decline, and if no action is taken, the protocol will fall into a death spiral. By opening up profit sharing and imposing a 13% "tax" on TVL, the project team is trying to keep the eyewash running.
The biggest victims of this series of operations are all participants, including USD0++ holders, leveraged traders, and liquidity providers. In the end, USUAL is very likely to go to zero, while the project team has already made huge profits.
For investors who have not yet participated in USUAL, the wisest choice is to stay away. Those who have already participated need to make a choice between stop-loss and continuing to take risks. In the cryptocurrency market, which lacks effective regulation, similar unscrupulous behavior occurs from time to time, and investors must remain vigilant.