1. What is USUAL, and why USUAL?
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.
WHY USUAL
USUAL is based on three key observations:
Tether and Circle generated over $10 billion in revenue in 2023, with valuations exceeding $200 billion. None of the assets created are shared with the users who contribute to their success.
Real-World Assets (RWA) are growing, but integrating them into DeFi still faces many challenges, despite the U.S. Treasury appearing on-chain. This is evident in the fact that there are fewer than 5,000 holders of RWA on the main network.
DeFi users want to see the success of projects they support. The current profit distribution model does not sufficiently incentivize users who take on greater risk by participating early and contributing to the project's success.
2. USUAL products
The protocol is structured around three tokens:
USD0 is a stablecoin fully backed by short-term, liquid and risk-free assets, 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.
3. Referral program
The referral program allows you to invite your friends and community to join Usual while earning additional rewards based on the number of Pills they earn. This mechanism is simple and applies throughout the entire Pills Campaign.
Connect to the dApp and get your referral link from the Hall Page or Drugstore. Share this link, invite friends, and earn a 10% bonus on all Pills earned by your referrals.
Additionally, you can earn 1% or 0.5% from your friends' friends. This includes all types of instant and daily Pills, along with their multipliers.
4. Core Contributors
5. Token Distribution và Token Allocation
6. Token Allocation
7.Token release schedule
8.Instructions for participating in Launchpool USUAL and Pre-market
⏰ Farming time: lasts 4 days from 07:00 November 15, 2024 - 06:59 November 19, 2024 (Vietnam Time)
⏰ Listing time: Update soon
⚒ Stake: BNB & FDUSD
Tutorial Usual Launchpool Binance HERE
