Demex Daily #325: Usual Protocol Launches Revenue Sharing and Early Unstaking

What’s Interesting Today:

Usual Protocol is activating a revenue-sharing model after its stablecoin USD0++ depegged from $1, dropping in value. To stabilize the ecosystem, the protocol introduced a “revenue switch,” which will allow it to distribute earnings from real-world assets and operations to its community. Additionally, a “1:1 Early Unstaking” feature will be launched, enabling users to redeem USD0++ at the $1 peg, but with a penalty on their accrued rewards.

Babylon Labs is collaborating with Bitcoin developers Fiamma to create a trust-minimized bridge between Bitcoin and Cosmos chains, using BitVM2. This bridge aims to enhance Bitcoin's interoperability with other blockchains, enabling Ethereum-style smart contracts on Bitcoin and facilitating zero-knowledge technology for secure digital asset transfers. Babylon's Bitcoin staking protocol, with significant total value locked, is part of a broader effort to unlock more utility from Bitcoin and expand its use beyond its inherent limitations. The project follows the success of BitVM's predecessor, which allows faster and cheaper transactions on Bitcoin through rollups.