Usual (USUAL)
Usual is a decentralized issuer of fiat-backed stablecoins, providing stability and security in the cryptocurrency sector. Its primary stablecoin, USD0, is backed by real-world assets, ensuring a stable value for users. Usual's governance model involves holders of its governance token, USUAL, in decision-making processes.
Overview
Usual emphasizes stability and decentralization, meeting the demand for stablecoin options. Its governance structure allows USUAL token holders to participate in decisions about stablecoin issuance, risk management, and protocol development, promoting community-driven transparency.
| Ticker | USUAL |
| Category | Decentralized Finance (DeFi) |
| Website | https://usual.money/ |
| Contract Addresses | |
|---|---|
| ethereum | 0xc4...8e Copied! |
Technology
Usual operates on blockchain technology, using a decentralized ledger to ensure transparency, security, and data integrity. Key technological features include:
- Smart contracts: These self-executing contracts enhance accuracy and efficiency in financial transactions.
- Scalability: Usual's infrastructure supports high transaction volumes using techniques like sharding or Layer 2 protocols.
- Privacy and transparency: While transactions are visible, user identities remain pseudonymous.
Use cases
Usual aims to bridge traditional and decentralized finance by offering a fiat-backed stablecoin. Potential applications of USD0 include:
- DeFi and peer-to-peer transactions: USD0 provides a stable medium of exchange within the cryptocurrency ecosystem.
- Supply chain and healthcare: Usual's blockchain technology enhances transparency and secure data management.
- Smart contract automation: In sectors like insurance, smart contracts facilitate efficient transactions.
Development
Usual Labs launched USD0, focusing on decentralization in fiat-backed stablecoins. After securing $7 million in funding, Usual continued developing its infrastructure and integrating new features. In 2024, Usual participated in major blockchain events, showcasing advancements in stablecoin technology and DeFi integration.
USD0 and USD0++
USD0 is a stablecoin backed 1:1 by real-world assets, offering redeemability and transparency. Key features include reserve transparency, collateral security, and unified liquidity. USD0++ is an enhanced liquid T-bill bond, providing secure yields and rewards in USUAL tokens. It offers principal security, interest rate stability, secondary market liquidity, and DeFi integration.
Governance
The USUAL token plays a crucial role in Usual's decentralized governance, allowing holders to vote on protocol policies and risk management. This structure facilitates community-driven revenue redistribution, aligning incentives with protocol goals.
Airdrop
Usual Labs launched the Pills Campaign as part of its airdrop strategy before the USUAL token launch. Participants earn Pills to determine their USUAL token allocation at the Token Generation Event, representing 7.5% of the initial supply. This initiative involves activities like providing liquidity and interacting with partner protocols. The campaign aims to distribute governance powers among early supporters, concluding in mid-November 2024.