USUAL is Usual’s native utility and governance token, which is used in the following functions:
Governance control: Provides token holders with the power to manage the protocol and influence key financial decisions.
Disinflationary issuance: Issuance of USUAL is tied to the TVL of staked USD0 (USD0++), creating scarcity as new TVL enters the system.
Revenue based model: USUAL issuance is aligned with future cash flows. The inflation rate of USUAL supply remains lower than the growth of revenue and treasury.
Staking rewards: By staking USUAL, holders activate governance rights and receive 10% of newly issued USUAL, incentivizing long-term behavior.
Gauge mechanism: Directs and optimizes liquidity distribution within the protocol.
Collateral management: Governance determines the collateral types and their respective weighting behind USD0, ensuring stability and flexibility.
Treasury management: Governance and mechanics will enable USUAL holders to manage the treasury efficiently and maximize the compounding effect.
The protocol is structured around three tokens:
USD0 is a stablecoin fully backed by short-term, liquid and risk-free SD0++ is the USD0 liquid staking token, distributing rewards in the form of $USUAL USUAL rewards the growth of USD0, its adoption, and its usage wit$USUAL acts as ownership on the protocol's revenue - a governance token backed by real cash flows.
As at Nov 14th 2024, the total supply of USUAL is 4,000,000,000 and the circulating supply upon listing will be 494,600,000 (~12.37% of the total token supply.).
3,505,400,000 Not listed yet