📢 USD0/++ Liquidity Transition - The Final Phase

The liquidity transition introduced under UIP-11 is now complete. Over the past weeks, the protocol has moved away from the legacy multi-venue setup and aligned around a single, more efficient liquidity path.

Here’s what changes today.

🔹 Curve Pools Remain, but All Incentives Are Removed

Incentives on the USD0/USDC Curve pool were removed as part of the initial phase.

A migration option was provided for users who wanted to adjust their position.

Pending rewards stopped accruing on 20 November at 02:00 UTC, and claimable rewards were updated three days later, following the standard validation window.

Starting today, the same applies to the USD0/USD0++ Curve pool.

Liquidity may remain on Curve, but all USUAL incentives have been removed.

Users are encouraged to move their liquidity to Uniswap.

🔹 Fluid Moves Into a Reduced Phase

Fluid continued to operate during the transition to ensure continuity.

In line with UIP-11’s disinflation goals, Fluid now enters a reduced mode with a 50% cut in USUAL rewards.

Depending on USD0 liquidity and spread, Fluid incentives will be reduced in two stages throughout December.

🔹 Uniswap v3 Becomes the Primary Incentivized Venue

The USD0/USDC and USD0/USD0++ pools on Uniswap v3 are now live and receiving incentives.

Uniswap v3 is now the primary incentivized liquidity venue for USD0.

The pool is integrated directly into the dApp, allowing users to deposit simply and without complexity into the incentivized range with a smooth UX.

New APYs are visible at go-live, and users will begin receiving these rewards one day after the epoch concludes, following the standard reward-processing cycle.

🔹 A Unified Liquidity Path Going Forward

With Uniswap v3 active, the liquidity transition outlined under UIP-11 is complete.

The system now operates with a single, efficient incentivized venue and a clearer structure for liquidity providers.

Thanks to concentrated liquidity, USUAL products now offer tighter spreads and greater efficiency - directly reflecting community requests.

https://usual.money/blog/finalizing-the-usd0-liquidity-transition