What is Usual (USUAL)?

Deep Dive

1. Purpose & Value Proposition

Usual Protocol aims to solve issues of transparency and centralized profit capture in traditional stablecoins. It provides a decentralized alternative where stablecoins are fully backed by verifiable real-world assets (RWAs), such as tokenized U.S. Treasury Bills (Bitrue). This structure intends to minimize depegging risk and share the yield generated from these assets directly with the protocol's community, rather than central issuers.

2. Technology & Ecosystem

The protocol operates on a multi-chain architecture, deploying its stablecoins across various networks. Its ecosystem is built around four main pillars: Cash (stablecoins), Savings (yield-bearing tokens like sUSD0), Alpha (advanced strategies), and Bonds (long-term staking). A key innovation is USD0++, a liquid staking derivative that lets users earn rewards while keeping their stablecoin liquidity.

3. Tokenomics & Governance

USUAL's value is intrinsically linked to protocol revenue. Its unique model commits a significant portion of earnings—up to 70%—to buybacks, while the remaining 30% is paid weekly in USD0 to users who lock their tokens (Usual). This "proof of revenue" system rewards long-term commitment, with locking periods from one to twelve months granting multiplier boosts on rewards.

Conclusion

USUAL fundamentally represents ownership in a decentralized financial infrastructure that turns traditional asset yield into community-governed, on-chain value. How will its model of direct revenue sharing influence the broader evolution of DeFi economics?