TVL (current + 30d trend)
Usual (USD0 / bUSD0 / USUAL)'s assessment for RD-F-063 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
TVL $104.77M as of 2026-05-16; 30-day change -2.65%; 90-day CoV 0.029 (stable). However, the protocol collapsed ~94% from a $1.87B peak on 2025-01-07 to current $104.77M — triggered by the unilateral bUSD0/USD0++ floor-price introduction in January 2025 without prior DAO vote. bUSD0 fell to $0.89 on secondary markets; cascading liquidations occurred on Morpho (LLTV 86% near the $0.87 floor); Curve USD0/USD0++ pool swung to ~92% imbalance. TVL collapse of this magnitude and origin from a governance-triggered economic-design failure is a severe red signal. Current stability reflects post-crisis floor, not recovery.
Sources #
- URLThe Block — USD0++ depeg reportThe Block — Usual Money protocol update sparks community concern as USD0++ drops below 92 cents (2025-01-09); documents depeg trigger and TVL outflowretrieved 2026-05-17
- DefiLlama — Usual TVL (pipeline fetch)DefiLlama API — Usual protocol page; pipeline fetch 2026-05-16; tvl_usd=104767922.87, tvl_30d_change_pct=-2.65, tvl_cov_90d.cov=0.029retrieved 2026-05-16
- Data cache — Usual TVL daily series and 90-day CoV00-data-cache.json sources.defillama.tvl_daily[ts=1736208000]=1870870523 (peak 2025-01-07); tvl_cov_90d window 2026-02-16 to 2026-05-16retrieved 2026-05-16
Methodology #
Read current TVL in USD and 30-day trend using DeFiLlama adapter methodology.
See the full factor methodology and distribution across all protocols →