Attention‼️
$USUAL is not equivalent to USDT,
it can be worth much more than 1 dollar!
USUAL is the governance token of the Usual protocol, aimed at facilitating access to real-world assets (RWA) and redistributing its profits to users. It is paired with the stablecoin USDO, which is backed by RWAs (such as US Treasury bonds).
Core Mechanism:
USDO: Similar to other stablecoins, it aims to maintain a 1:1 peg with the US dollar. Users can mint and redeem USDO by directly depositing qualified collateral or through an indirect matching system.
USUAL: Is a governance token, allowing holders to participate in protocol governance and receive rewards. Rewards come from the revenue generated by the protocol, such as earnings from USDO++ and liquidity provision fees.
USDO++: Similar to liquidity staking, users who lock USDO for a period can earn USUAL rewards. It provides a way to earn yields.
Liquidity provision incentives: Encourage users to provide liquidity for USDO trading pairs and earn USUAL rewards.
Governance: USUAL holders have voting rights over the future direction of the protocol, such as deciding on the types of collateral that support USDO and how rewards are distributed.
Token distribution: The distribution mechanism of USUAL is designed to incentivize long-term participation and prevent whale control. A portion of the tokens is allocated to USUALx (staked USUAL), USUAL* (early investors and contributors), and other ecosystem participants.