Usual price

USUAL

#373

Usual is a decentralized Fiat Stablecoin issuer that redistributes ownership and governance through the $USUAL token.

USUAL is Usual’s native utility and governance token, which is used in the following functions:

• Governance control: Provides token holders with the power to manage the protocol and influence key financial decisions.
• Disinflationary issuance: Issuance of USUAL is tied to the TVL of staked USD0 (USD0++), creating scarcity as new TVL enters the system.
• Revenue based model: USUAL issuance is aligned with future cash flows. The inflation rate of USUAL supply remains lower than the growth of revenue and treasury.
• Staking rewards: By staking USUAL, holders activate governance rights and receive 10% of newly issued USUAL, incentivizing long-term behavior.
• Gauge mechanism: Directs and optimizes liquidity distribution within the protocol.
• Collateral management: Governance determines the collateral types and their respective weighting behind USD0, ensuring stability and flexibility.
• Treasury management: Governance and mechanics will enable USUAL holders to manage the treasury efficiently and maximize the compounding effect.

The protocol is structured around three tokens:

• USD0 is a stablecoin fully backed by short-term, liquid and risk-free assets, ensuring no exposure to banks or counterparty risks, while being composable, permissionless, and transparent within the DeFi ecosystem.
• USD0++ is the USD0 liquid staking token, distributing rewards in the form of $USUAL tokens.
• $USUAL rewards the growth of USD0, its adoption, and its usage within the ecosystem. $USUAL acts as ownership on the protocol's revenue - a governance token backed by real cash flows.