It is a decentralized issuer of a stable fiat currency, redistributing ownership and governance through the $USUAL token.
USUAL is the native utility and governance token of Usual, used for the following functions:
Governance control: It allows token holders the ability to manage the protocol and influence key financial decisions.
Inflation-reducing issuance: The issuance of USUAL is tied to the TVL value of stored USD0 (USD0++), leading to scarcity as new TVL value enters the system.
Revenue-based model: The issuance of USUAL aligns with future cash flows. The inflation rate in the supply of USUAL remains lower than revenue and treasury growth.
Storage rewards: By staking USUAL, token holders activate governance rights and receive 10% of newly issued USUAL tokens, encouraging long-term behavior.
Measurement mechanism: It guides and optimizes liquidity distribution within the protocol.
Collateral management: Governance determines the types of collateral and their relative weights behind USD0, ensuring stability and flexibility.
Treasury management: Governance and mechanisms empower USUAL holders to manage the treasury efficiently and maximize accumulation impact.
The protocol revolves around three tokens:
USD0 is a stablecoin fully backed by short-term, liquid, risk-free assets, with the ability to be formed, no need for permits, and transparency within the decentralized finance ecosystem.
USD0++ is the hedging liquid token of USD0, distributing rewards in the form of $USUAL tokens.
Rewards $USUAL the growth, adoption, and use of USD0 within the ecosystem. $USUAL acts as ownership of the protocol's revenue - a governance token backed by actual cash flows.
As of November 14, 2024, the total supply of USUAL reached 4,000,000,000, and the circulating supply at listing will be 494,600,000 (approximately 12.37% of the total token).
Usual is a decentralized issuer of a stable fiat currency, redistributing ownership and governance through the $USUAL token.
USUAL is the original utility and governance token of Usual, used for the following functions:
Governance control: Token holders are granted the authority to manage the protocol and influence key financial decisions.
Deflationary issuance: The issuance of USUAL is tied to the TVL value of staked USD0 (USD0++), causing scarcity as new TVL value enters the system.
Revenue-based model: The issuance of USUAL aligns with future cash flows. The inflation rate in the supply of USUAL remains lower than revenue and treasury growth.
Storage rewards: By staking USUAL, holders activate governance rights and receive 10% of newly issued USUAL tokens, encouraging long-term behavior.
Measurement mechanism: It guides and optimizes liquidity distribution within the protocol.
Collateral management: Governance determines the types of collateral and their relative weights behind USD0, ensuring stability and flexibility.
Treasury management: Governance and mechanisms empower USUAL holders to manage the treasury efficiently and maximize the impact of compounding interest.
The protocol is based on three tokens:
USD0 is a stablecoin fully backed by short-term, liquid, risk-free assets, with the ability to be formed, no need for permits, and transparency within the decentralized finance ecosystem.
USD0++ is the liquid storage token of USD0, which distributes rewards in the form of $USUAL tokens.
USUAL rewards the growth, adoption, and use of USD0 within the ecosystem. USUAL represents ownership of the protocol's revenue - a governance token backed by actual cash flows.
On November 14, 2024, the total supply of USUAL reached 4,000,000,000, and the circulating supply at listing will be 494,600,000 (approximately 12.37% of the total token).
