Deep Dive
1. Record $16M Bug Bounty (April 2025)
Overview: Usual launched the largest bug bounty in crypto at the time, offering $16 million for finding critical vulnerabilities. This directly makes the protocol safer for all users by incentivizing expert security researchers to scrutinize the code.
The bounty, hosted with security firm Sherlock, surpassed Uniswap's previous record. It specifically targeted flaws that could lead to permanent loss or indefinite freezing of user funds. This initiative followed 20 prior security audits and a separate audit contest, demonstrating a layered approach to security.
What this means: This is bullish for $USUAL because it shows a serious, institutional-grade commitment to protecting user funds. A safer protocol builds greater trust, which is essential for attracting more deposits and sustaining its high Total Value Locked (TVL).
(CoinJournal)
2. Real-Time Exploit Prevention (28 May 2025)
Overview: A sophisticated, multi-stage attack targeting Usual's cross-chain contracts was detected and neutralized in real-time by BlockSec's Phalcon system. The protocol was paused as a precaution, and no user assets were lost.
The attempted exploit involved flash loans and complex contract manipulations across multiple blockchains. The successful interception highlights the integration of advanced, automated monitoring tools into Usual's defense infrastructure.
What this means: This is extremely bullish for $USUAL because it proves the protocol's security measures work under real attack conditions. For users, it means their stablecoins and staked assets are protected by cutting-edge technology, reducing the risk of catastrophic hacks common in DeFi.
(CoinMarketCap)
3. Multi-Chain & Vault Expansion (Q2 2025)
Overview: Usual expanded its technical footprint by deploying assets on Base, BNB Chain, and Arbitrum, and launched strategic vaults with partners like Euler and Hashnote. This allows USD0++ holders to farm additional yield across the DeFi ecosystem.
These updates required new smart contract deployments and integrations. The "USL" fixed-rate borrowing pool with Euler, which filled a $200 million capacity instantly, also represents a significant codebase addition for generating lending revenue for the DAO.
What this means: This is bullish for $USUAL because it increases the protocol's utility and revenue streams. More chains and vaults mean more users and TVL, which directly feeds into the revenue shared with $USUAL stakers, supporting the token's value accrual.
(Usual Blog)
Conclusion
Usual's recent development trajectory is defined by a dual focus on fortress-like security and scalable utility, moving it closer to its vision of a "community-owned BlackRock." How will the upcoming directional yield and buy-back logic further solidify its tokenomics?