What is Usual (USUAL)?

Deep Dive

1. Purpose & Value Proposition

Usual Protocol aims to decentralize stablecoin issuance and equitably distribute the value generated from reserve assets. Unlike traditional models where issuers capture profit, Usual is designed to return up to 90% of protocol revenue to USUAL token holders and users (Bitrue). This creates a direct link between the stablecoin's usage and the token's intrinsic value.

2. Tokenomics & Governance Mechanics

USUAL functions as a productive ownership layer. Holders can stake their tokens to receive USUALx, which unlocks governance voting power and revenue-sharing rights. A unique feature is the "Lock & Boost" system, where locking USUALx for longer periods (1–12 months) multiplies a user's share of the weekly USD0 revenue distributions (Usual). The protocol also commits up to 70% of its revenue to buy back USUAL from the market, reducing circulating supply.

3. Ecosystem & Core Products

The ecosystem is built around its cash-equivalent stablecoins, USD0 and EUR0, which are backed by short-term government debt. On this foundation, Usual offers products like Usual Savings (earning yield via sUSD0/sEUR0 tokens) and USD0++, a liquid staking derivative. The dApp is organized into "Earning Modes"—Cash, Savings, Alpha, and Bonds—providing structured yield opportunities (Usual).

Conclusion

Fundamentally, USUAL is a DeFi governance token engineered to capture and redistribute value from a transparent, RWA-backed stablecoin economy. Will its community-aligned model drive sustainable adoption against established competitors?