Usual has announced the activation of the "Revenue Switch" mechanism, a mechanism designed to distribute 100% of the monthly revenue of the protocol directly to those staking USUALx.
This distribution will begin when more than 50% of USUAL tokens are staked in the form of USUALx or on February 1, 2025, whichever comes first.
With the current revenue level, this amount is equivalent to approximately 5 million USD per month.
Rewards will be distributed in USD0, in addition to the existing USUAL staking yields.
To qualify for rewards, positions must be maintained throughout the entire monthly calculation period, starting from the first day of the month and ending on the last day of the month.
Any additions to the position during the calculation period will count for the next period, while withdrawals during the period will forfeit the right to receive rewards.
This Revenue Switch mechanism is part of Usual's strategy to increase the value and utility of the USUAL token, while aligning interests with users who contribute to the development of the protocol.
The USUAL token represents ownership rights to the protocol's revenue and is designed to become increasingly scarce as the protocol develops, with 90% of tokens distributed to the community.