The USUALx unlock window is live. This step completes a provision included in UIP-11, giving holders a defined opportunity to reassess their positions following changes to the USUALx reward and inflation model, which directly affect protocol revenues.

UIP-11 reduced inflation by half and reduced daily selling pressure on USUAL by 85% related to farming activities. As part of that proposal, an unlock window was explicitly included so users could make an informed choice under the updated framework. That window is now open.

Why the Unlock Was Included in UIP-11

UIP-11 introduced structural changes to how protocol revenue is generated and distributed. Because those changes affect the economics of USUALx, it was important that existing lockers retained the ability to reassess positions they entered under prior assumptions.

The unlock window is the execution of that commitment. It allows users to either remain locked under the updated framework or submit a request to unlock their positions before the transition fully completes.

Unlock Window Timeline

The unlock window runs from January 27 at 00:00 GMT to February 3 at 00:00 GMT.

During this period, users may submit requests to unlock their USUALx positions. Submissions must be made before the window closes. After February 3 at 00:00 GMT, no new unlock requests will be accepted.

Submitting an unlock request does not immediately unlock the position. All requests are collected during the window and executed once the window has concluded.

How the Unlock Process Works

Unlocking requires an explicit, manual action. Users can select one position or many positions, including cases where USUALx was locked incrementally over time. While each position must be selected individually, all selected positions are bundled into a single unlock request when submitted. This avoids the need for multiple transactions, even for users with many individual locks.

Submitting an unlock request is irreversible.

Once the window closes, all submitted requests are processed together. Positions with a submitted request will be unlocked on February 3 (morning CET). Positions without a request remain locked and continue until their original maturity.

Rewards and Yield During the Transition

USD0 rewards continue to accrue normally throughout the unlock window. Rewards accrue in full through February 1 (end of day). Submitting an unlock request at any point during the window does not affect rewards during this period. From February 2 onward, USD0 rewards stop accruing for positions that will be unlocked, ahead of the unlock execution on February 3.

Any USD0 rewards accumulated up to that point remain fully claimable through the dApp.

Following the unlock window, USD0 rewards allocated to USUALx will follow the UIP-11 framework. This corresponds to 33% of realized DAO revenue for each distribution period.

While the basis for distribution is therefore defined, the resulting APR cannot be determined in advance. It depends on the total amount of USUALx that remains locked after the unlock window concludes, which cannot be known ahead of time.

Unlocking, Wallets, and Re-locking

Unlocking USUALx gives users full control over their tokens. Unlocked USUALx can be transferred to another wallet, including a newly created or more secure one, and then re-locked if desired.

If a user chooses to re-lock, the standard locking rules apply. If they choose to unstake instead, the existing unstaking fee remains unchanged at 10%. The unlock window itself does not introduce new penalties or special conditions.

dApp Visibility and User Experience

During the unlock window, the dApp will surface multiple clear indicators highlighting that the window is open and when it closes. Individual lock expiry dates remain visible in the Locked tab, consistent with the current interface. No changes to position expiry presentation are planned for the current dApp version.

After the Window Closes

When the unlock window closes on February 3 at 00:00 GMT, the process is complete.

Positions with a submitted unlock request will be unlocked. All other positions continue unchanged until maturity. From that point forward, the USUALx reward model operates fully under UIP-11.

This marks the final execution step related to USUALx in the proposal.

Looking Ahead

The unlock window reflects a broader principle embedded in UIP-11: transitions should be explicit, time-bounded, and user-directed.

As the protocol evolves, requests such as simplifying long-term lock management and compounding behavior are noted. Some of these would require deeper contract changes and are not part of the current release, but they remain part of ongoing discussions around future iterations.

For now, the unlock window is live, and users can choose how they want to proceed under the updated framework.