Given the excitement of the Pre-Market market in recent days, especially USUAL. I will update more information for everyone to refer to. Thank you everyone for reading the articles on the Meinya Spotlight channel.
In the face of the ever-evolving cryptocurrency market, USUAL emerged with a design that strikes a balance in the distribution of value created, emphasizing transparency, alignment, and fairness. This approach empowers users by aligning their interests with the success of the platform. USUAL is a fair and transparent protocol. The USUAL governance token plays a central role in its design, promoting a virtuous cycle where any value created by the protocol, whether utility or governance related, is distributed fairly among all parties contributing to the development of the protocol. As you explore USUAL, you will discover innovative tokenomics designed to end the privatization of profits and ensure a more equitable distribution of value and power.
1. $USUAL ?
USUAL is a secure and decentralized Fiat Stablecoin issuer, redistributing ownership and governance through the $USUAL token.
-USUAL is a multi-chain infrastructure that aggregates tokenized Real World Assets (RWAs) from entities such as BlackRock, Ondo, Mountain Protocol, M0 or Hashnote to convert them into a verifiable on-chain stablecoin.
-USUAL is built on redistributing power and ownership to users and third parties, similar to a scenario where Tether's TVL providers would own the company and the associated revenues.
2. Strategic goals.
A. Rebuild Tether on-chain.
Cryptocurrency needs a fiat-backed, fully on-chain, stablecoin backed by an infrastructure that ensures neutrality, transparency, and high security.
USUAL introduces a model that aims to rebuild Tether entirely on-chain. In this system, the issuer is controlled by holders of the USUAL governance token. This includes making decisions about risk policy, the nature of collateral, and liquidity incentive strategies.
B. Ability to guarantee value.
The key requirement of a stablecoin is to ensure that its value remains stable relative to the currency it represents. Users must have unwavering confidence that their funds are safe. Usual offers a collateral model that is not tied to the traditional banking system but directly to very short-term bonds. The security provided by this conservative approach is reinforced by a strict risk policy and insurance fund.
C. Say no to: "Privatization of profits".
Tether and Circle are set to generate over $10 billion in revenue by 2023, with valuations exceeding $200 billion. Yet none of these assets are shared with the users who contribute to their success. USUAL is designed to provide an alternative to fiat-backed stablecoins, privatizing the profits from customer deposits while socializing the losses. The centralized actors behind major fiat-backed stablecoins replicate the problematic structures of traditional banking, which is antithetical to the principles of decentralized finance.
USUAL's goal is to create a fairer financial system by redistributing value and power more equitably among all users. USUAL's goal is to empower users to become owners of the infrastructure, treasury, and governance of the protocol. By redistributing 100% of the value and control through its governance token, Usual ensures that its community is in control. The USUAL protocol allocates governance tokens to users and third parties who contribute value, realigning financial incentives and returning power to the participants in the ecosystem.
3. USD0?
USD0 is the world's first RWA stablecoin that aggregates multiple US Treasury Bond tokens, providing a secure, bankruptcy-proof solution that is not tied to traditional bank deposits. USD0 is fully transferable and permissionless, ensuring seamless integration and accessibility within the DeFi ecosystem. USUAL addresses fundamental challenges in the stablecoin market by combining Real World Assets (RWA) with a decentralized finance (DeFi) governance model. Here are the key features:
1. Redistribution Model: Unlike conventional fiat-backed stablecoins that retain all profits for the issuer, USUAL balances risk and reward, democratizing financial power. This model directly challenges the traditional financial model, where profits are privatized and losses are socialized.
2. Permissionless and Configurable: USD0 is designed to be both permissionless and configurable, providing users with unrestricted access to higher yields and sophisticated liquidity strategies.
3. Real-time Transparency: To combat the lack of transparency prevalent in the market, USUAL is committed to enhancing transparency by automatically providing the latest information on collateral in real-time.
4. Decentralized issuance: Typically, permissioned assets will connect to DeFi through increasingly decentralized governance, reducing the dependency and vulnerabilities associated with centralized control. This approach addresses common failures witnessed in recent collapses among centralized entities.
5. Scalability: Backed by a highly liquid Treasury (T-Bill) market, USUAL tokens have the potential to scale to trillions, placing them in a favorable position compared to crypto-backed stablecoins that struggle to handle similar volumes.
6. Separate Collateral: The collateral backing the tokens is typically separated from the balance sheets of the institutions responsible for transfer and custody, significantly enhancing security and providing remote protection from bankruptcy.
7. Risk-Free Collateral: Composed solely of cash or cash equivalents such as short-term US Treasury Bonds, USUAL's collateral is guaranteed to be strongly backed by tokenized real-world assets, maintaining a stable 1:1 peg to the US dollar.
8. Capital Efficiency: USD0 is backed with full capital efficiency. Users always mint and redeem 1:1, making USUAL's capital efficiency reach 100% compared to over-collateralized protocols. The USUAL Treasury acts as over-collateralization when the protocol's revenue increases.
USD0 positions itself as a leading stablecoin with real-time transparency of reserves, eliminating the fractional reserve risk associated with commercial banks. Fully collateralized by US Treasury Bonds, USD0 is protected from the risk of bankruptcy that often occurs with other fiat-backed stablecoins that rely on assets held by banks. This robust financial structure ensures that USD0 holders enjoy EXTREME security and stability.
4. Overview.
With the goal of ushering in an un-tethered era of USUAL, it's clear that this hasn't been an easy road for the development team.
Currently, there is a large selling pressure from the Usual Pills airdrop hunting community due to the difference in reward allocation with Binance Launchpool. This does not reflect the value of the project to the market because the airdrop of projects always faces fraudulent players, fake refs,...
The current Binance Pre-Market price of USUAL is at $0.235, which is a relatively high opportunity cost. The Pre-Market is expected to last 1 to 2 weeks. The Pre-Market price may vary greatly between exchanges and is NOT the official Spot listing price.