Redistributing Value: Challenging the Stablecoin Giants

Since its inception, Usual has been on a mission: to reclaim and redistribute the value monopolized by traditional stablecoin giants. As a revenue-based protocol, Usual ties its USUAL token directly to income generated from its ecosystem, including fees and real-world asset (RWA) yields backing USD0 and USD0++.

The USUAL token represents ownership of the Usual protocol and will continue to provide access to rights associated with the protocol, along with new features designed to enhance its fundamental value and utility. USUALx already benefits from staking yield rights, enables the activation of conditional features, and will offer more specific advantages in the near future. To date, the protocol has amassed $20M+ in diversified revenue, all of which belongs to USUAL holders. 

Now, it’s time to unlock the full potential of this groundbreaking model.

Introducing the “Revenue Switch”

The Revenue Switch is Usual’s next leap forward—a bold mechanism designed to deliver direct value to USUAL holders. It ensures the protocol’s sustainability, preserves the intrinsic value of USUAL tokens, enhances USD0++ yields, and enables the protocol to achieve sustainable growth.

How the Revenue Switch Works

1. Activation Driven by the Community:

• The switch activates when more than 50% of USUAL tokens are staked as USUALx, making a clear decentralized condition for the community.

• If the threshold isn’t met, the switch will automatically go live on February 1, 2025 UTC+0.

2. Distribution Mechanics:

• Revenue tracking begins one day after activation (via community threshold or February 1, 2025).

• 100% of monthly protocol revenue will be distributed directly to USUALx stakers. At today’s revenue levels, this means ~$5M monthly.

• Rewards will be distributed in USD0, on top of USUAL staking yields, compounding the value for participants.

  
  

3. Holding Requirements:

• Rewards are eligible only for positions held throughout the monthly epoch.

• The epoch begins at the start of the month (UTC+0) and ends on the last day. At the start of each epoch, a snapshot is taken. Any position top-ups made during the epoch will be considered for the next one, while withdrawals during the epoch will void reward eligibility, encouraging long-term alignment.

• Direct Access Only for End-Users: The Revenue Switch is exclusively available to USUALx tokens held in addresses accessible to end-users. This means revenue distribution applies only to non-aggregated positions—for example, not via Morpho or Pendle.

• More intuitive mechanisms to lock the USUALx will be available in the next few weeks.

  
  

4. Uncapped APY Potential:

• With TVL & protocol revenues continuously growing, the projected APY for USUALx stakers has only one direction: up.

Why the Revenue Switch Matters

The Revenue Switch positions Usual as a leader in DeFi innovation, directly addressing critical questions of token value, yield sustainability, and protocol growth. It solidifies USUAL as more than just a governance token—it’s the key to unlocking real, recurring value for its holders.

A Glimpse of the Future

This initial rollout is just the beginning. The “Revenue Switch” is an alpha version, paving the way for an advanced staking and revenue-sharing system. Usual is actively developing an innovative veModel-like that will enhance governance and staking utility, pushing DeFi boundaries even further.

Get Ready to Stake Your Claim

The future of decentralized finance is here, and it’s built on value, transparency, and community-driven innovation. Stake your USUAL, activate the Revenue Switch, and redefine what it means to hold a DeFi token.

Unveiling the Metrics Behind USUAL’s Growth

USUAL has firmly established itself as a rising star in the decentralized finance space. Here’s a snapshot of its latest key performance indicators as an example:

• Market Cap: $470M

• Projected Monthly Revenue: $5M

• Supply of USUAL Staked (USUALx): 36.53%

• 275% Annual Percentage Yield (APY) with : 

  • 42% In USD0

  • 233% In USUAL