Unlike traditional finance, the Usual project aims to redistribute power and ownership back to the community. The protocols used allow users to have a say in financial processes, offering a decentralized governance model.

Supporters and Investors

The Usual project continues to grow with contributions from over 150 investors who share the same vision. Major venture capital firms supporting the project include Kraken Ventures, LBank Labs, Axelar, IOSG Ventures, and flowdesk.

Additionally, individual investors include Michael Egorov, the founder of Curve Finance; Sam, the founder of Frax Finance; and Charlie, an influential figure in the DefiLlama and Curve ecosystems.

The Team

– Pierre Person – CEO

– Adli Takkal Bataille – DEO

– Hugo Sallé de Chou – COO

– Manfred Tourron – CTO

– Pete – CFO

– Allan Floury – VP of Product

What is $USUAL Token?

$USUAL is the core token of the ecosystem, designed to provide benefits to its holders. The token incentivizes usage by offering governance rights and staking rewards.

$USUAL Tokenomics

– Binance Launchpool – 7.50%

– Initial Airdrop – 8.50%

– Investors and Advisors – 5.68%

– Team – 4.32%

– DAO and Ecosystem – 7.50%

– Liquidity – 2.00%

– Community Incentives – 64.50%

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Although flagged as a scam by many users, the app continues to trend in regions such as Europe, Latin America, New Zealand, the United States, and Southeast Asia, putting unsuspecting users at risk.

The poorly written store description still has a negative impact on vulnerable users. The description reads: “Curve defi v3 is a great app. Arrange the blocks, create a perfect sequence, and clean up!”

Preview of the fake Curve Finance app on Apple’s store. Source: Apple

Response Awaited from Curve Finance

Cointelegraph reached out to Curve Finance for comment but did not receive a response before publication.

This fraudulent app, labeled “Fake Curve Finance,” was created by a developer named Tao Duong Van and misleads users by copying the Curve Finance logo and functionality of the real platform.

While the app claims to offer features such as token swaps, liquidity staking, and DeFi services, all reviews rate it one out of five stars, using terms like “scam” or “hack.”

One image in the app falsely claims it has “30 million global users” to establish fake credibility.

Fake Curve Finance Social Media Alert

The fake Curve Finance app was highlighted on the X platform by fintech engineer and app store fraud identifier Babu. His tweet, one of the first to identify the issue, tagged the official Curve Finance account, warning users to “stay vigilant and report suspicious apps!”

Currently, users are advised to report the fake app and avoid interacting with it while it remains available in the Apple app store.

Not the First Time, According to Babu

This is not the first time a fake app mimicking Curve Finance has appeared on Apple’s official app store.

On February 14, Curve Finance warned the X community to “beware of scams” and clarified that no DeFi Curve app existed in the app store. The unauthorized app listed at that time was created by a developer called MK Technology, presenting itself as a “powerful app for managing loans and credits” and had a 4.6-star rating with only nine reviews.

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This partnership between the TON Foundation and Curve Finance will leverage Curve’s CFMM (Fixed Function Market Maker) technology to optimize stablecoin swaps. This technology will reduce price slippage, providing users with a better trading experience. TON Foundation’s DeFi leader Vlad Degen emphasized the importance of this partnership, stating that more stablecoins and assets from different chains will soon be seen on the TON blockchain.

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This development comes at a time when demand for stablecoins on the TON blockchain is rapidly increasing. In particular, since the launch of USDt on TON, net circulation has reached approximately $730 million. The new stablecoin exchange platform is expected to meet this growing demand, increasing liquidity and accelerating adoption in TON’s Web3 ecosystem.

The project will be managed by an independent team selected through a transparent process by the TON community, with Curve Finance founder Michael Egorov serving as advisor to the team.

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Kamino Finance is a decentralized finance protocol that operates on the Solana ecosystem, enabling debt issuance, borrowing, and trading.

Kamino Finance incorporates a host of financial applications, including debt issuance, borrowing, liquidity provision, beta-phase multiply, and leveraged transactions.

Borrowing: By providing liquidity on the platform (which is used as collateral), users can borrow in accordance with the dollar equivalent at that time. This loan is repaid at an annual interest rate.

Lending: By providing liquidity on the platform, users can earn interest returns at the annual percentage rate offered.

Multiply (Beta): Users set a multiplier on the platform and invest sol or liquid-staked assets. They are then provided a loan through JitoSol and earn APY returns at your multiplier rate. The application also includes various tools, such as a risk simulator.

K-Lend:

Kamino lends or K-lend is a dApp that combines the advanced liquidity provider features of high-infrastructure liquidity lending platforms like Aave, Curve, and Uni. It forms the basis of Kamino 2.0.

K-lend aims to combine various features such as an advanced risk management mechanism (benefiting from Oracle), eMode technology used in Aave v3 (customized leverage mechanism), a single pool liquidity system, and protected collateral in the K-lend dApp.

Airdrop and Token Allocation

As of the writing of this article, Kamino has a TVL of 135 million dollars and is the fifth largest in the Solana network. Kamino, which came to the agenda with an airdrop and stirred up the Solana ecosystem with its partnership with Jito and having no circulating tokens, has brought up airdrop questions.

On November 28th, Kamino announced a scoring system on their Medium page and will soon disclose the details and requirements of this system. Assuming that this scoring will be like other lending platforms (Marginfi and JTO);

1. Staking SOL or another supported asset on the platform
2. The amount of time and stake amount on the platform
3. Borrowing and lending
4. Generating TX at different times
5. Referral points

These conditions can be set, and after these conditions, your rank is determined, and if there will be an airdrop, the amount of token that will be given to you can be given under these conditions.

It is hard to predict this amount at this stage but JTO distributed 10% of the supply. Generally, projects distribute 5% to 10% of supply through airdrops. Presuming a token market cap of approximately 350M dollars, we could consider a 35M dollar airdrop.

Kamino Finance Team

While there isn’t sufficient information about the team, we can see that there are 13 employees on LinkedIn and only four profiles are open. Although the team is not often on camera, they are active on Discord and have made various posts regarding the project.

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We can say that 34,000$ is a strong support level for Bitcoin. Even in case of drops, there is usually a tendency to recover above this level. If we conduct a detailed analysis, we can predict that a flag formation can occur. Therefore, it is important to be careful about potential breaks.

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The Latest Status in Cryptocurrencies – October 29

• Bitcoin (BTC) is currently trading at $34,180 with a 0.17%. The resistance levels for BTC are in the range of $36,000 to $39,800, while the support levels are in the range of $31,000 to $30,200.
• Ethereum (ETH) is currently trading at $1,786 with a 0.60%. The resistance levels for ETH are in the range of $1,885 to $1,960, while the support levels are in the range of $1,815 to $1,789.
• Ocean (OCEAN) is currently trading at $0.38 with a 4.63%. The resistance levels for OCEAN are in the range of $0.40 to $0.50, while the support levels are in the range of $0.35 to $0.30.
• Curve (CRV) is currently trading at $0.48 with a 1.42%. The resistance levels for CRV are in the range of $0.54 to $0.62, while the support levels are in the range of $0.46 to $0.40.
• Coin98 (C98) is currently trading at $0.17 with a 3.35%. The resistance levels for C98 are in the range of $0.20 to $0.24, while the support levels are in the range of $0.15 to $0.13.

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Bitcoin has witnessed a slight increase, reaching a level of 26,900, but uncertainty regarding its direction continues. In Bitcoin, CPI data and unemployment benefits data may need to be awaited to witness fluctuation. Severe fluctuations can occur in cryptocurrencies. In such cases, it is correct to monitor the market from a distance. The critical support level for Bitcoin is 26,400, and the resistance level is 27,200.

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The Latest Status in Cryptocurrencies – 12 October

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We observe a sluggish week for Bitcoin, and as we approach the weekend, we notice low volume and consolidation. The price is currently finding support around $26,400 while encountering resistance around $26,600. We might see some pullbacks to the $26,000 levels in the upcoming hours or over the weekend.

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The Latest Status of Cryptocurrencies September 23

‣ Bitcoin (BTC) is trading at $26,598 with a 0.08% decrease in the BTC/USD pair. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are in the range of $25,400 to $25,000.

‣ Ethereum (ETH) is trading at $1,594 with a 0.08% increase in the ETH/USDT pair. The resistance levels for ETH are in the range of $1,694 to $1,731, while the support levels are in the range of $1,550 to $1,465.

‣ StormX (STMX) is trading at $0.0074 with a 12.92% increase in the STMX/USD pair. The resistance levels for STMX are in the range of $0.0077 to $0.0084, while the support levels are in the range of $0.0060 to $0.0051.

‣ Arbitrum (ARB) is trading at $0.83 with a 0.50% decrease in the ARB/USD pair. The resistance levels for ARB are in the range of $0.90 to $0.98, while the support levels are in the range of $0.79 to $0.74.

‣ Curve (CRV) is trading at $0.48 with a 1.36% decrease in the CRV/USD pair. The resistance levels for CRV are in the range of $0.50 to $0.54, while the support levels are in the range of $0.45 to $0.43.

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