We're excited to announce Usual Money and GammaSwap are partnering for a combination of point and token incentives on Arbitrum! 🍾

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What is Usual Money?

Usual decentralizes traditional fiat-backed stablecoins by offering a higher-quality stablecoin, while also empowering users with ownership rights through its governance token. This approach not only enhances the stability and security of USD0 but also allows users to have a stake in governance, aligning interests with the success of the protocol and providing higher capital efficiency.

There are two main components:

1. Usual is a stablecoin infrastructure that aggregates the growing tokenized Real-World Assets (RWAs) from entities like BlackRock, Ondo, Mountain Protocol, M0 and Hashnote to transform them into a permissionless, on-chain verifiable, and composable stablecoin (USD0).
2. Usual is financial infrastructure that aims to redistribute ownership to users and third parties, similar to a scenario where Tether's TVL providers would own the company and its associated revenues.

What is GammaSwap?

GammaSwap is the first onchain perpetual options protocol that enables traders to speculate or hedge volatility. Traders borrow liquidity from the AMM to short the LP position or profit from the Impermanent Loss. 

Perpetual options are available in straddle, long or short positions with no liquidation price. By providing a way to hedge or get insurance on CFMM risk, they aim to significantly increase onchain liquidity with their various products.

What incentives are available?

Here are the available incentives in the weETH/USD0++ pool:

• 2x EtherFi points per day
• 1x EigenLayer points per day
• 3x Usual pills per day
• 150k escrowed GS (esGS) per month for LPs

Escrowed GS is GS, the GammaSwap token, with a 30 day vest. It can also be staked for protocol revenue in ETH and additional esGS rewards.

Traders can leverage points up to 195x for Usual, 130x for EtherFi and 65x for EigenLayer by opening perpetual option positions.

Conclusion

Stay tuned for educational content regarding the partnership between Usual and GammaSwap.  There will be a livestream this Thursday, November 7th at 2pm UTC where members from the core team will walk through the protocols and partnership.