$USUAL
The important news previously announced by Usual officials has been released. In short, all the monthly protocol income will be distributed to USUALx holders in the form of USD0.
In this way, USUALx after USUAL pledge will have real cash income and community DAO governance rights. USUALx is equivalent to the stock of a company in the real world, with dividends and voting decision-making rights.
The above mechanism has indeed built the real value support of USUAL tokens, which is greatly beneficial to the long-term development of the Usual project.
There are several points to note about the income distribution:
1. The target audience of distribution is USUALx holders, and USUALx cannot be placed in Morpho or Pendle for other purposes.
2. The income is calculated and distributed based on the natural month cycle, based on the snapshot at the beginning of the month. The income of the cycle must be obtained after a complete cycle. The income of the withdrawal in the middle will not be counted, and the income of the next cycle will be counted in the middle. The time is UTC+0.
3. The current monthly protocol revenue (the amount that USUALx holders can share) is about $5 million, which will grow with the growth of TVL.
4. The mechanism will be implemented when 50% of USUAL is used for staking, and it will be automatically activated from February 1, 2025 (UTC+0) even if the conditions are not met.
The above is my personal understanding of the new mechanism. If there are any omissions, please correct and supplement~
The important news previously announced by Usual officials has been released. In short, all the monthly protocol income will be distributed to USUALx holders in the form of USD0.
In this way, USUALx after USUAL pledge will have real cash income and community DAO governance rights. USUALx is equivalent to the stock of a company in the real world, with dividends and voting decision-making rights.
The above mechanism has indeed built the real value support of USUAL tokens, which is greatly beneficial to the long-term development of the Usual project.
There are several points to note about the income distribution:
1. The target audience of distribution is USUALx holders, and USUALx cannot be placed in Morpho or Pendle for other purposes.
2. The income is calculated and distributed based on the natural month cycle, based on the snapshot at the beginning of the month. The income of the cycle must be obtained after a complete cycle. The income of the withdrawal in the middle will not be counted, and the income of the next cycle will be counted in the middle. The time is UTC+0.
3. The current monthly protocol revenue (the amount that USUALx holders can share) is about $5 million, which will grow with the growth of TVL.
4. The mechanism will be implemented when 50% of USUAL is used for staking, and it will be automatically activated from February 1, 2025 (UTC+0) even if the conditions are not met.
The above is my personal understanding of the new mechanism. If there are any omissions, please correct and supplement~
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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