金石为开开

【Usual community is voting on the 'Early Redemption Fee Redistribution' proposal】On April 17, news reported that the Snapshot voting page shows that the Usual community has opened voting for the 'Early Redemption Fee Redistribution' UIP-7 proposal, which will end on April 18. This proposal is a natural continuation of UIP-6 and aims to complete the redistribution of USUAL tokens collected from early redemption fees. According to community approval, 134 million USUAL tokens will be distributed as follows: 67 million USUAL allocated to USUALx holders; 67 million USUAL allocated to USUAL* holders. Among them, the first 47 million of each group corresponds to the early redemption fees mentioned and approved in UIP-6. This portion will be distributed through a Time-Weighted Average Price (TWAP) system over the coming weeks, rewarding stakers based on their holdings' scale and stability since January 19, 2025. The remaining 20 million of each group has accumulated due to ongoing early redemption activities after UIP-6 was passed. This newer portion will be allocated based on loyalty criteria towards the end of the redistribution period, focusing on rewarding those who maintain their holdings and have not sold their allocated rewards. The TWAP-based distribution will be conducted regularly from the approval date of this proposal until the end of June 2025, fully adhering to the timeline defined in UIP-6.

【Usual and Sherlock Launch $16 Million Bug Bounty Program】Golden Finance reports that the decentralized stablecoin protocol Usual has collaborated with blockchain security company Sherlock to launch a bug bounty program, offering $16 million to find critical vulnerabilities in the codebase. This bounty exceeds the previous awards set by Uniswap ($15.5 million), LayerZero Labs ($15 million), and Wormhole ($10 million). The Usual codebase has undergone 20 audits, including the most recent Sherlock audit competition, but no medium or higher-level vulnerabilities were found. Only vulnerabilities classified as critical are eligible for the highest reward. Usual currently manages over $880 million in total locked value (TVL).