What is Usual (USUAL)?

Deep Dive

1. Purpose and stablecoins

Usual aims to bring asset backed currencies into decentralized finance. USD0 is its dollar linked token, while EUR0 is its euro linked token. A stablecoin is a digital token designed to maintain a steady value against a currency; backing and redemption arrangements matter, and do not make that value risk free. The Defiant

2. Savings products

Usual also offers savings tokens, including sUSD0 and sEUR0. The protocol says deposits may be allocated to regulated short term government and institutional markets, with returns reflected in the savings tokens. Usual

3. USUAL token

USUAL is distinct from USD0: it is not the protocol’s dollar linked currency. It supports governance, and can be staked as USUALx. The protocol describes USUALx as a way to access governance power and, when locked, revenue sharing. Usual app

Conclusion

Usual combines asset backed digital currencies and savings products with a governance token intended to give users a role in the protocol. How well its backing, savings, and governance mechanisms work will shape what the platform can offer.