Usual (USUAL) is a cryptocurrency associated with the Usual Protocol. The protocol issues USD0, a stablecoin fully backed 1:1 by Real-World Assets (RWAs) like U.S. Treasury Bills, offering users a stable and secure asset within the decentralized finance (DeFi) ecosystem.
The USUAL token serves as the governance token of the Usual Protocol, granting holders ownership and voting rights. Unlike typical governance tokens that rely on hype or offer vague, symbolic voting rights, USUAL is designed to be a real, value-driven asset, underpinned by tangible revenue streams generated by the protocol itself.
The tokenomics of USUAL are structured around two main phases:
1. USUAL Token Issuance: USUAL tokens are issued based on the amount of USD0++ minted. Each minting event triggers the issuance of a corresponding number of USUAL tokens, reflecting the growth in protocol activity and underlying assets.
2. Distribution of USUAL to Value Contributors: USUAL tokens are allocated to users who contribute value to the Usual protocol.
