According to Foresight News, the stablecoin protocol $Usual announced that ETH0 has been launched. The first cap is now open, with an upper limit of 1 million USD (500 ETH). ETH0 is backed 1:1 by Lido's wstETH, offering over 10% native annual yield with full liquidity.
During this genesis phase, there is no lock-up period. When the genesis phase ends, users can decide whether and when to migrate to the future ETH0++ to continue earning yields.