USUALx (USUALX)
Usual protocol represents an innovative approach within the cryptocurrency landscape, focusing on a decentralized banking framework. Central to this framework is USD0, a stablecoin designed to function as a liquid deposit token. Usual protocol aims to redistribute the value generated by users through its unique revenue-based token, USUAL. This model allows users to access yields while also gaining exposure to the protocol's growth and long-term success.
The role of USD0
| Ticker | USUALX |
| Category | Decentralized Finance (DeFi) |
| Website | https://usual.money/ |
| Contract Addresses | |
|---|---|
| ethereum | 0x06...8e Copied! |
USD0 is designed as a stablecoin, which means it aims to maintain a stable value over time, providing stability and predictability within the Usual protocol's ecosystem. As a liquid deposit token, USD0 facilitates various financial operations within the system, allowing users to engage in transactions with confidence in its value stability. The stable nature of USD0 is crucial for users who seek to minimize volatility while participating in the protocol’s opportunities.
USUAL: The revenue-based token
USUAL is a core component of the Usual protocol, functioning as a revenue-based token. This token enables users to partake in the value generated by the protocol. By redistributing revenue back to users, USUAL provides an incentive for participation and engagement within the ecosystem. The structure of USUAL allows users to benefit from the protocol's successes, aligning their interests with the platform's overall growth and sustainability.
The staked variant: $USUALx
$USUALx represents the staked version of the USUAL token. By staking USUAL, holders receive $USUALx, which empowers them with governance rights within the Usual protocol. This governance capability allows stakeholders to influence protocol decisions, contributing to the decentralized nature of the platform. Additionally, $USUALx holders earn daily USUAL rewards, providing an incentive for long-term participation and engagement in the ecosystem.
Governance and community involvement
The governance structure of the Usual protocol is designed to promote community involvement and decentralized decision-making. $USUALx holders play a critical role in this process, as their staked tokens grant them the ability to vote on proposals and influence the direction of the protocol. This participatory approach ensures that the Usual protocol remains aligned with the interests and needs of its community, fostering a collaborative and dynamic ecosystem.
Daily rewards and incentives
One of the key benefits of holding $USUALx is the daily USUAL rewards that are distributed to stakers. These rewards serve as a continuous incentive for users to participate in the protocol's staking mechanisms, promoting long-term commitment and stability within the ecosystem. By offering regular rewards, the Usual protocol encourages users to remain engaged and invested in its ongoing development and success.