Usual

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Usual

Usual is a decentralized issuer of fiat-backed , designed to provide stability, security, and decentralized governance within the sector. Its primary stablecoin, USD0, is supported by , intended to maintain a stable value for users operating in fluctuating markets. Usual’s governance model redistributes ownership and decision-making responsibilities among holders of its governance token, USUAL. [4][5][7][9]

Overview

Usual’s approach centers on stability and decentralization, responding to the demand for options. By employing a governance structure that delegates control among USUAL token holders, Usual aligns with decentralized principles and emphasizes community-driven transparency. This governance model enables token holders to participate in decision-making related to stablecoin issuance, risk management, collateral, and the protocol’s development strategy. [4][5][7][9]

Technology

Usual operates on a infrastructure that uses decentralized ledger technology to support transparency, security, and immutability. This distributed relies on a involving network participants () to verify transactions and maintain data integrity, reducing the risks associated with single points of failure and unauthorized modifications.

Key technological elements of Usual include:

  1. Smart Contracts: Usual employs self-executing , which enforce agreements without intermediaries, enhancing accuracy and efficiency, particularly for complex financial transactions.
  2. Scalability: Usual’s infrastructure accommodates high transaction volumes by implementing techniques like sharding or protocols, which optimize network efficiency and support potential large-scale usage.
  3. Privacy and Transparency: Transactions on Usual’s are visible, while user identities remain pseudonymous.

The governance model within Usual’s framework extends to a participatory system, allowing USUAL token holders to influence protocol development, contributing to ecosystem resilience and adaptability. [4][5][7][9]

Use Cases

Usual aims to bridge traditional and by offering a fiat-backed to provide value stability in the market.

The following areas illustrate potential applications of USD0:

  1. DeFi and Peer-to-Peer Transactions: USD0 supports activities by providing a stable medium of exchange and store of value for users within the ecosystem.
  2. Supply Chain and Healthcare: Usual’s technology can enhance transparency in supply chains and improve secure data management in healthcare, sectors reliant on precise record-keeping and trust.
  3. Smart Contract Automation: In fields such as insurance and supply chain settlement, facilitate efficient, automated transactions, reducing reliance on intermediaries.[4][5][7][9]

Development

Usual Labs launched USD0 as its primary product, emphasizing decentralization in fiat-backed . Following a $7 million funding round led by Kraken Ventures and IOSG Ventures, Usual continued its development in areas including infrastructure decentralization and the addition of T-Bill and infinite yield features for USD0.

In 2024, Usual took part in global events such as the European Blockchain Convention, , and , engaging with other blockchain professionals and presenting advancements in technology and integration. [4][8]

USD0 and USD0++

USD0 is the first Liquid Deposit Token (LDT) introduced by the Usual Protocol, functioning as a backed 1:1 by Real-World Assets () with short maturities. This design provides a stable and secure asset with continuous redeemability and transparency in reserves, distinguishing it from traditional stablecoins.

Key Features of USD0:
  • Reserve Transparency: USD0 maintains real-time accessible reserves and avoids fractional reserve practices, promoting greater stability.
  • Collateral Security: USD0 is fully backed by U.S. Treasury Bills and repos, reducing risks associated with fractional reserves and exposure to the banking system.
  • Unified Liquidity: USD0 consolidates liquidity across various deposits, supporting an integrated financial infrastructure within the protocol.

USD0++ is an enhanced liquid T-bill bond, secured by principal locked in USD0 for a four-year period. It allows participation in the protocol’s value and provides rewards in the form of USUAL tokens. USD0++ is designed to offer a guaranteed low-risk yield, with the potential for additional returns.

Key Characteristics of USD0++:
  • Principal Security: The principal in USD0 remains immobilized within the protocol, minimizing direct principal risk.
  • Interest Rate Stability: Through the Base Interest Guarantee (BIG) mechanism, USD0++ ensures a yield linked to the rates of underlying assets, stable against interest rate volatility.
  • Secondary Market Liquidity: USD0++ can be traded on the secondary market, allowing for flexible buying and selling.
  • DeFi Composability and Integration: USD0++ is compatible with various protocols, enabling use across a wide range of decentralized financial products.
  • Governance and Revenue Distribution: USD0++ provides governance and revenue-sharing benefits through USUAL tokens, which distribute a share in the protocol’s revenues.

USD0++ serves as a DeFi asset designed to balance secondary market liquidity flexibility with stable yields, applicable across various market conditions. [10][11][12]

Governance

The USUAL token is central to Usual’s decentralized governance structure, allowing holders to participate in decisions affecting the protocol. Token holders vote on policies, risk management, and liquidity decisions. Additionally, USUAL facilitates community-driven revenue redistribution, aligning incentives with protocol objectives. [4][5][7]

Airdrop

Usual Labs initiated an campaign called the Pills Campaign ahead of the USUAL token launch. Pills are pre-launch points that users can accumulate to determine their allocation of USUAL tokens at the Token Generation Event (TGE), representing 7.5% of the token’s initial supply. These points can be earned through several activities, including providing liquidity to the Usual protocol, holding USD0++, interacting with partner protocols, and referring others.

This initiative is part of Usual’s efforts to engage early participants in its ecosystem by rewarding contributions during its bootstrapping phase. The Pills Campaign, which runs on the and through platforms such as , allows users to complete various tasks to earn Pills. These tasks include participating in , engaging in community activities, and completing steps on external platforms. The is expected to take place in Q4 2024, following the close of the campaign in mid-November. Through this campaign, Usual aims to distribute governance and decision-making powers more widely among early supporters. [1][2][3][6]

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Price

$0.999879

0.18%

Market Cap

$957,928,280.00

9.70%

Diluted Market Cap

$4,434,517,384.06

9.70%

Volume
24h

$1,019,459,150.23

321.78%

Usual

USUAL

USD

USD

Edited By

Profile picture of Anonymous userDevMaxFllip

Edited On

November 15, 2024

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REFERENCES

[1]

What Is Usual and How to Earn Pills for the USUAL Airdrop

Nov 8, 2024

[2]

Instructions for completing tasks and activities for Usual

Nov 8, 2024

[3]

$USUAL Airdrop to List Next Month: A New Opportunity for Crypto Enthusiasts

Nov 8, 2024

[4]

What is Usual?

Nov 8, 2024

[5]

Introducing USD0: Usual USD Fiat-Backed Stablecoin

Nov 8, 2024

[6]

Why USD0++?

Nov 8, 2024

[7]

About Usual Stablecoin

Nov 8, 2024

[8]

DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG Ventures

Nov 8, 2024

[9]

Everything You Need To Know About Usual Money (Stablecoin Alpha) w/ Pierre Person - Flywheel #124

Nov 8, 2024

[10]

USD0++ Characteristics

Nov 12, 2024

[11]

USD0++, USD0 Liquid Bond

Nov 12, 2024

[12]

USD0, Fiat USD Stablecoin

Nov 12, 2024