What is Usual (USUAL)?

Deep Dive

1. Purpose & Value Proposition

Usual Protocol addresses centralization and opacity in traditional stablecoins. It provides a permissionless system where users can mint stablecoins like USD0 and EUR0, which are backed 1:1 by transparent, institutional-grade assets such as U.S. Treasury Bills (Bitrue). The core value is shifting profits from reserve yields—traditionally captured by centralized issuers—directly to the protocol's users and token holders.

2. Technology & Architecture

The protocol operates on-chain, allowing for verifiable reserve transparency. Users deposit approved collateral to mint stablecoins, with reserves held by regulated partners. A key innovation is its integration with zero-knowledge proof systems like Brevis, which enables trustless, verifiable computation for features like continuous user rewards based on real-time activity (Intern).

3. Tokenomics & Governance

The USUAL token is central to governance and value accrual. Holders vote on protocol parameters. Its economics are designed for direct value sharing: up to 70% of protocol revenue is used for buybacks, while 30% is distributed weekly to users who lock their tokens (Usual). This model aims to tightly align holder incentives with protocol growth and profitability.

Conclusion

Usual is fundamentally a community-aligned financial primitive that merges the safety of real-world asset-backed stablecoins with decentralized governance and profit-sharing. How will its focus on transparent, user-owned economics influence the broader evolution of decentralized finance?