Understanding Usual: A Guide to Earning Pills for the Usual Airdrop

Usual Labs is a decentralized finance (DeFi) protocol, and is making waves with its innovative approach to integrating traditional finance with blockchain technology. The firm has introduced USD0, a stablecoin that leverages real-world assets (RWAs) to enhance liquidity and accessibility within the DeFi space.

Founded by a team of French entrepreneurs, Usual Labs has successfully raised $7 million and attracted significant investments, totaling $75 million in committed value locked (TVL).

Decoding Usual's Mission

At its core, Usual aims to tokenize RWAs, including real estate, commodities, and financial instruments. By aggregating US Treasury Bill tokens from prominent institutions like BlackRock and Ondo, Usual seeks to create a stablecoin, USD0, that is verifiable and permissionless. This approach addresses the challenge of integrating RWAs into DeFi, a space that has seen limited participation despite the growing interest in these assets.

Usual's governance model distinguishes it from other fiat-backed stablecoins. By allowing holders of its governance token to influence decisions on risk policies and liquidity incentives, Usual fosters a community-driven infrastructure.

Unlike traditional stablecoins, which often rely on fractional reserves held in commercial banks, Usual's model is tightly linked to short-term bonds, backed by a stringent risk policy and an insurance fund.

Earning Pills: The Pre-Launch Incentive

As part of its pre-launch strategy for the USUAL governance token, Usual Labs has initiated the Pills campaign. Participants can earn Pills—pre-launch points that will determine their allocation of USUAL tokens during the airdrop—by engaging in various activities on the Usual platform.

Step-by-Step Guide to Earning Pills

Step 1: Connect Your Wallet

To start earning Pills, users must connect their wallets to the Usual platform. This process involves entering an early access invite code and accepting the platform's terms and privacy policy.

Following this, users are encouraged to follow Usual on social media platforms to engage with the community.

Step 2: Issue and Hold USD0++

Once connected, users can mint USD0 or obtain USD0++ by providing liquidity. Holding USD0++ is particularly beneficial, as users earn instant Pills rewards for every USD spent and accrue additional Pills daily simply by holding these tokens.

Step 3: Interact with Partner Protocols (Optional)

While optional, interacting with partner protocols can further increase Pills earnings. Depending on the activities undertaken, users can earn between 1 to 3 Pills per USD daily.

The Usual platform provides a Drugstore section, where users can explore available protocols and track their earnings.

Step 4: Refer Others

Another avenue for earning Pills is through referrals. Users can share their referral code with friends, earning a bonus based on the Pills generated by their referees.

This system allows for exponential growth in Pills earnings, as users can benefit from multiple referral levels.

Wrap Up

Usual represents a significant step toward bridging the gap between traditional finance and decentralized finance. Its innovative use of RWAs and a community-driven governance model positions it uniquely in the growing DeFi landscape.

As the protocol gears up for the launch of the USUAL token, the Pills campaign offers an enticing opportunity for early adopters to familiarize themselves with the platform while earning rewards. However, as with any investment, potential participants should conduct thorough research before committing assets or engaging with the protocol.