1. What is Usual?
Usual is a decentralized protocol that aims to address challenges commonly found in the $191B stablecoin market.
It focuses on redistributing ownership and providing users with more control and benefits through its ecosystem, which is built around three key components:
USD0
USD0++
USD0++: Liquid Staking Token
USD0++ builds on USD0 by providing users with the opportunity to earn rewards through staking. It allows users to lock up their USD0 for a period of time to earn tokens USUAL while still keeping their funds transferable.
This product is similar to a savings account but is fully integrated within the DeFi space, making it accessible for anyone who wants to benefit from their holdings.
$USUAL: Governance Token
The token USUAL powers the Usual protocol. The token provides governance rights, empowering token holders to influence decisions related to the management of the protocol, such as what types of collateral are accepted or how revenue is distributed.
USUAL is also tied directly to the protocol’s revenue, this is to ensure that holders share in the protocol’s financial growth.
One of the unique aspects of is its USUAL approach to token issuance. The number of $USUAL tokens released is linked to the Total Value Locked (TVL) in the protocol, this ensure that there is a balance between supply and revenue. This model helps reduce dilution, making the token more attractive for long-term holders.
USD0: Stablecoin Backed by RWA
Usual’s stablecoin, $USD0, is designed to maintain stability by being backed by real-world assets like U.S. Treasury Bills.
This stablecoin is meant to be like a dollar in a digital form, which means that it can be used as a medium of exchange, as a store of value, as a trading asset, and much more.
USD0 focuses on transparency and security, which means that Usual is maintaining real-time reserves, offering an alternative to stablecoins like USDT and USDC.
USD0++: Liquid Staking Token
USD0++ builds on USD0 by providing users with the opportunity to earn rewards through staking. It allows users to lock up their USD0 for a period of time to earn tokens USUAL while still keeping their funds transferable.
This product is similar to a savings account but is fully integrated within the DeFi space, making it accessible for anyone who wants to benefit from their holdings.
Community Ownership
A key feature of Usual is its focus on community ownership. Ninety percent of the value generated by the protocol is distributed back to the community, either through staking rewards or governance participation.
This approach shifts the traditional model of stablecoins, where profits are often retained by a centralized entity, towards a model where users are active participants in the ecosystem.
1. USD0: The Stablecoin
USD0 is the foundation of the Usual protocol, offering stability and reliability for users. It is fully backed 1:1 by real-world assets, such as U.S. Treasury Bills. This means every USD0 token is supported by tangible assets, ensuring that it maintains its value even in volatile market conditions.
Key Use Cases of USD0:
Payments: USD0 can be used for everyday transactions within and outside the DeFi ecosystem, functioning as a stable medium of exchange.
Trading Counterparty: It provides a stable asset for use in trading pairs, minimizing the risks associated with volatile cryptocurrencies.
Collateralization: USD0 can be used as collateral for loans or other financial products in DeFi, offering users a secure and transparent option.
USD0 stands out because it avoids fractional reserve practices. This means the value of USD0 is always backed by actual assets, providing users with trust and transparency, which are often lacking in traditional stablecoins
2. USD0++: Liquid Staking for Yield Generation
USD0++ is the liquid staking version of USD0, allowing users to earn rewards while still maintaining liquidity. By staking USD0 in USD0++, users receive tokens usual as incentives for contributing to the protocol’s growth.
How USD0++ Works:
Users lock their USD0 for a specified period.
In return, they receive tokens Usual as rewards.
Despite being staked, USD0++ remains transferable, enabling users to continue using their funds in the DeFi ecosystem.
USD0++ serves as a way for users to earn rewards passively, similar to a savings account. This feature encourages the adoption of USD0 by providing additional benefits without locking users into rigid systems
3. $USUAL: Governance and Ownership Token
USUAL is the governance token of the Usual protocol. Unlike many governance tokens that serve only symbolic purposes, $USUAL is directly tied to the protocol’s revenue, making it a valuable asset for its holders.
Key Features of $USUAL:
Governance Control: Holders can influence decisions about revenue distribution, collateral types, and other protocol-related matters.
Revenue Sharing: The token is backed by 90% of the protocol’s generated revenue, ensuring that holders benefit directly from the ecosystem’s growth.
Disinflationary Model: The issuance of tokens Usual is tied to the Total Value Locked (TVL) in USD0++, ensuring that fewer tokens are issued as the protocol grows.
Staking Rewards: USUAL who stake their tokens receive a portion of newly issued $USUAL, encouraging long-term participation.
Through USUAL, the Usual protocol offers a model that combines governance with financial rewards, ensuring that users are both active participants and beneficiaries of the ecosystem.
Funding and Backing
The protocol has raised $7 million in funding and is supported by 160 investors. This financial backing reflects confidence in the protocol’s long-term sustainability and its potential to reshape the stablecoin market.
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