Pierre Person and Adli Takkal Bataille are the CoFounders of Usual.
In this episode, we review the grand vision behind Usual to rebuild Tether, but one that is fully owned and governed by its users onchain. Although Tether (USDT) and Circle (USDC) generated over $10B in revenue in 2023, none of this wealth is shared with the users who contribute to their success. Meanwhile, Usual sees the opportunity to reimagine Tether as a permissionless, decentralized stablecoin called USD0, along with a product for capturing T-Bill yield called USD0++. With $240M TVL in its first few months, we ask the CoFounders why they're the right team to build it and how we can get involved.
🔗 Essential Show Links 🔗
► Youtube: youtube.com/@DeFiDad
► Apple: tinyurl.com/edgepod
► Spotify: tinyurl.com/edgepodspotify
► Linktree: linktr.ee/edge_pod
► Follow DeFi Dad: twitter.com/DeFi_Dad
► Follow Nomatic: twitter.com/Nomaticcap
► Learn about DeFi and Web3: defidad.com/
The Edge Podcast Sponsor Resources
☀️ SUMMER.FI | THE BEST PLACE TO BORROW AND EARN IN DEFI
summer.fi/?utm_source=DeFidad
🧙♂️ MERLIN CHAIN | THE RISE OF BITCOIN'S LARGEST LAYER 2
merlinchain.io/
🍵 MATCHA.XYZ | THE BEST PRICE ON OVER 5 MILLION TOKENS
matcha.xyz/?utm_source=theedgepodcast&utm_campaign=2q24
🔥 FBTC | YOUR GATEWAY TO BITCOIN EARNINGS
fbtc.com/ongoing-campaign
🐡 PUFFER FINANCE | LIQUID RESTAKING FOR THE LITTLE FISH
puffer.fi/
🌕 MOONBEAM | INTEGRATED WEB3 FOR BUILDERS AND USERS
moonbeam.network/
Timestamps
0:00 - Intro
4:06 - Why we need Usual?
7:42 - What's missing with stablecoins?
10:20 - How Usual works
14:39 - Collateral, USD0, and the USD0 Liquid Bond
18:04 - An aggregator for US T-Bill yield
21:27 - How to mint USD0
24:06 - Does Usual Counter route to best rates for USD0?
25:57 - How USD0 maintains its dollar peg
30:00 - USD0 Liquid Bond (Enhanced T-Bill Yield)
35:58 - FBTC mid-roll
36:39 - Yields available for USD0 or USD0++
42:45 - Pre-launch Phase, airdrop, and what's next?
46:31 - Moonbeam mid-roll
47:16 - What happens to Usual if we go back to low T-bill yields?
54:34 - Is Usual working with regulators?
58:36 - Closing
🔗 Guest Links 🔗
► Usual Website: usual.money/
► Usual on Twitter: x.com/usualmoney
► Pierre Person on Twitter: x.com/Pierr_Person
► Adli Takkal Bataille on Twitter: x.com/AdliTB
If you're a DeFi/Web3 builder, contact our team at: fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. 4RC invested in the seed round for Usual. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
Pierre Person and Adli Takkal Bataille are the CoFounders of Usual.
In this episode, we review the grand vision behind Usual to rebuild Tether, but one that is fully owned and governed by its users onchain. Although Tether (USDT) and Circle (USDC) generated over $10B in revenue in 2023, none of this wealth is shared with the users who contribute to their success. Meanwhile, Usual sees the opportunity to reimagine Tether as a permissionless, decentralized stablecoin called USD0, along with a product for capturing T-Bill yield called USD0++. With $240M TVL in its first few months, we ask the CoFounders why they're the right team to build it and how we can get involved.
🔗 Essential Show Links 🔗
► Youtube: youtube.com/@DeFiDad
► Apple: tinyurl.com/edgepod
► Spotify: tinyurl.com/edgepodspotify
► Linktree: linktr.ee/edge_pod
► Follow DeFi Dad: twitter.com/DeFi_Dad
► Follow Nomatic: twitter.com/Nomaticcap
► Learn about DeFi and Web3: defidad.com/
The Edge Podcast Sponsor Resources
☀️ SUMMER.FI | THE BEST PLACE TO BORROW AND EARN IN DEFI
summer.fi/?utm_source=DeFidad
🧙♂️ MERLIN CHAIN | THE RISE OF BITCOIN'S LARGEST LAYER 2
merlinchain.io/
🍵 MATCHA.XYZ | THE BEST PRICE ON OVER 5 MILLION TOKENS
matcha.xyz/?utm_source=theedgepodcast&utm_campaign=2q24
🔥 FBTC | YOUR GATEWAY TO BITCOIN EARNINGS
fbtc.com/ongoing-campaign
🐡 PUFFER FINANCE | LIQUID RESTAKING FOR THE LITTLE FISH
puffer.fi/
🌕 MOONBEAM | INTEGRATED WEB3 FOR BUILDERS AND USERS
moonbeam.network/
Timestamps
0:00 - Intro
4:06 - Why we need Usual?
7:42 - What's missing with stablecoins?
10:20 - How Usual works
14:39 - Collateral, USD0, and the USD0 Liquid Bond
18:04 - An aggregator for US T-Bill yield
21:27 - How to mint USD0
24:06 - Does Usual Counter route to best rates for USD0?
25:57 - How USD0 maintains its dollar peg
30:00 - USD0 Liquid Bond (Enhanced T-Bill Yield)
35:58 - FBTC mid-roll
36:39 - Yields available for USD0 or USD0++
42:45 - Pre-launch Phase, airdrop, and what's next?
46:31 - Moonbeam mid-roll
47:16 - What happens to Usual if we go back to low T-bill yields?
54:34 - Is Usual working with regulators?
58:36 - Closing
🔗 Guest Links 🔗
► Usual Website: usual.money/
► Usual on Twitter: x.com/usualmoney
► Pierre Person on Twitter: x.com/Pierr_Person
► Adli Takkal Bataille on Twitter: x.com/AdliTB
If you're a DeFi/Web3 builder, contact our team at: fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. 4RC invested in the seed round for Usual. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
Lens V2 Upgrade Highlights
1. On-Chain Blocking: Users can now block each other on-chain, similar to Web2 platforms. Blocked accounts lose commenting, following, and other specific crypto features.
2. Monetization Boost: V2 introduces enhanced monetization opportunities, elevating decentralized social media to new heights.
3. Crypto-Native Actions: Lens delves into more crypto-native actions, enabling seamless integration of DAO participation and direct donations to public goods within content.
4. ERC-6551 Standard Profiles: Profiles, now ERC-6551 NFTs, function like crypto wallets. Users can buy, sell, and store cryptocurrencies, offering more utility than standard digital collectibles.
5. Profile Manager: Lens V2 allows now to store your profile on ledger and delegate social actions to multiple wallets. Improved UX while owning Lens profile securely on your hardware wallet.
Running my own Lens DA node, really cool to see the transactions coming through in real time!
it's also simple to get up and running with:
bonsai --node 'YOUR_NODE_URI' --environment='POLYGON' --concurrency=10
you can see the full instructions and codebase on GitHub github.com/lens-protocol/bonsai
Are you ready to become a true fan and earn your Creator Badge? Our latest product is not for the faint of heart. Creator Badges are NFTs that track and reward your every move. The more you engage with the creator's posts, the more reward points you'll earn. But beware, these dynamic, non-transferable NFTs come with a dark twist. The metadata changes as you accumulate points, revealing your darkest secrets to the creator. Will you take the risk and become a top fan? Check out our announcement post for more details and let us know if you're brave enough to earn your Creator Badge. #madfinance #creatorbadges #NFTs #topfans #rewardpoints #engagement #darktwist #secretsrevealed #braveenough #becometopfan 🖤💀🕸️👀🔮🦇🌙👻
