USUALx unlock window is now open 🔓

As outlined in UIP-11, an unlock window was included to give existing USUALx lockers the option to reassess their positions following changes to the reward and inflation model. That window is now open.

From January 27 at 00:00 GMT to February 3 at 00:00 GMT, users can submit manual requests to unlock their USUALx positions. You can unlock one position or multiple positions, and submit multiple requests during the window if needed. Submitting an unlock request is irreversible.

Unlock requests are collected during the window and executed after it closes. All positions with a submitted request will be unlocked on February 3. Positions without a request remain locked and continue until their original maturity.

USD0 rewards continue to accrue in full through February 1 (end of day). Submitting an unlock request does not affect rewards during the window. From February 2 onward, USD0 rewards stop accruing for positions that will be unlocked. Any USD0 already accrued remains claimable via the dApp.

Following the unlock window, USD0 rewards allocated to USUALx will follow the UIP-11 framework and correspond to 33% of realized DAO revenue per distribution period. The resulting APR will depend on how much USUALx remains locked after the window closes.

You'll find the opportunity to unlock via a popup in the Usual dApp