What is Usual (USUAL)?

Deep Dive

1. Purpose & Value Proposition

Usual Protocol aims to create a more transparent and community-aligned stablecoin system. It addresses issues like centralized profit capture and opaque reserves seen in traditional stablecoins by building a decentralized protocol where users can permissionlessly mint stablecoins and where the majority of generated revenue is shared back with token holders.

2. Core Ecosystem & Tokens

The ecosystem is built around several key tokens. USD0 and EUR0 are its primary stablecoins, fully backed by short-term government debt. The USUAL token is the centerpiece, functioning as the governance and rewards asset. Holders can stake USUAL to receive USUALx, which unlocks governance rights and access to revenue sharing. A major feature is the "Lock & Boost" system, where locking USUALx for 1 to 12 months multiplies a user's share of the weekly USD0 rewards paid from protocol revenue.

3. Tokenomics & Community Alignment

The model is designed to tightly align long-term holders with protocol growth. According to the team, up to 70% of protocol revenue is used to buy back USUAL tokens from the market, while the remaining ~30% is paid weekly to users who have locked their USUALx. The team states that 90% of the USUAL token supply is allocated to the community, emphasizing a decentralized ownership structure.

Conclusion

Fundamentally, USUAL is the engine for governing and benefiting from a decentralized stablecoin protocol that prioritizes transparent, asset-backed currencies and direct value redistribution to its users. How will its unique revenue-sharing model influence long-term holder behavior and protocol stability?