Usual (USUAL): A New Milestone in Decentralized Finance
The Usual (USUAL) token is set to revolutionize the decentralized finance (DeFi) market with its innovative and robust approach. Developed by Usual Labs, USUAL is a decentralized issuer of fiat stablecoins, designed to offer a blockchain-verified stablecoin backed by Real World Assets (RWAs), such as investments from industry leaders like BlackRock, Ondo, and Mountain Protocol.
Technical Functioning and Foundation of the Usual Token
Technical Functioning:
Stablecoin USD0: Usual issues the stablecoin USD0, which is backed 1:1 by real-world assets. This ensures that each USD0 has a stable and secure value, providing confidence to users.
Decentralized Governance: USUAL token holders have the power to govern the protocol, voting on critical decisions such as treasury management and development updates.
Yield Rewards: Staking USD0++ unlocks yield rewards paid in USUAL tokens, encouraging long-term community participation.
Participatory Voting: USUAL holders can influence the allocation of liquidity pool rewards, ensuring the community has an active voice in decisions.
Scarcity Dynamics: The issuance of USUAL tokens is directly correlated with the Total Value Locked (TVL) of USD0 in staking, creating a scarcity dynamic that drives demand as TVL grows.
Foundation:
Usual aims to redistribute financial power and ownership, challenging the inequalities of traditional financial systems. Unlike centralized systems, where control and profits are concentrated in the hands of a few, Usual seeks to ensure that financial power and profits are shared fairly among participants. This is achieved through decentralized governance and yield rewards, aligning users' interests with the protocol's growth and success.