$USUAL
Detailed interpretation of the latest updates from Usual official:
1. Activation of USUALx holder income conversion function
Function Overview: From January 13, the income conversion function for USUALx holders has been activated. This means that users holding USUALx positions within this week will be eligible to receive income distribution from collateral from the previous week.
2. 1:1 Early Unstaking Function Launch
Launch Time and Rules: The 1:1 early unstaking function will be launched on January 14, along with all related rules. Users can choose farming and unstaking strategies. However, according to news from January 11, if users want to exchange USD0++ at a rate of 1 dollar, they must forfeit part of the accumulated rewards as a penalty.
3. Usual Ecosystem Income Redistribution Operation
Distribution of USUAL Token Supply: 90% of the USUAL token supply is allocated to the community.
4. Collateral Income Distribution: 100% of the collateral income is distributed weekly to USUAL stakers, rewarded in USD0.
5. Detailed Documents on Distribution Mechanism and New Staking Mechanism
Detailed Document Release: A detailed document regarding the distribution mechanism will be released this week.
6. Launch of New Staking Mechanism: A new staking mechanism will be launched soon, aimed at creating a more autonomous and elegant redistribution system.
7. Weekly Report Release
Weekly reports will also be released to allow everyone to verify on-chain income.