Usual: ETH0 is now live, with the first cap set at $1 million
Stablecoin protocol Usual has announced that ETH0 is now live, with the first cap now open and a limit of $1 million (500 ETH). According to the official statement, "ETH0 is backed 1:1 by Lido's wstETH, offering over 10% native annualized yield and full liquidity. During this genesis phase, there is no lock-up period. When the genesis phase ends, users can decide whether and when to migrate to the future ETH0++ to continue earning yields."
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