Usual Airdrop

Problem Solved

Usual Protocol tackles several critical challenges that have plagued the stablecoin market, particularly the issues of transparency, equitable value distribution, and the centralized control of profits. Traditional stablecoins often operate in a manner that privatizes profits while placing the risks and potential losses on the broader community. Usual addresses these concerns by creating a stablecoin, USD0, which is backed by real-world assets (RWAs) and operates on a permissionless and decentralized framework.

By aggregating RWAs from reputable entities like BlackRock and Ondo, Usual ensures that USD0 is both secure and verifiable on-chain. The protocol's design also empowers the community by redistributing profits through yield generation from these real-world assets. This approach not only enhances transparency but also aligns with the core ethos of web3, where value is shared among the participants. Additionally, the governance token, USUAL, gives users a say in the protocol's future, fostering a truly decentralized and community-driven ecosystem.

Tokenomics

Usual Protocol's tokenomics revolve around its two key tokens: USD0 and USUAL. USD0 is a permissionless stablecoin backed 1:1 by Real-World Assets (RWAs) with ultra-short maturity, making it a secure and reliable store of value within the DeFi ecosystem. Users can mint USD0 by depositing stablecoins like USDC or USDT. Once minted, USD0 can be further enhanced by converting it into USD0++, an enhanced T-Bill, which allows users to earn additional yields.

The protocol incentivizes participation through its XP campaign, where users earn points in the form of "pills" for minting, holding, and providing liquidity to USD0++ pools. These pills will be converted into USUAL tokens after the Token Generation Event (TGE). USUAL, the governance token, grants holders the right to vote on proposals and guide the protocol's future direction. Additionally, Usual has allocated 7.5% of the total USUAL supply for an airdrop campaign, rewarding early participants and fostering community engagement.

Perspectives

Usual Protocol presents a compelling vision for the future of stablecoins by addressing the inherent flaws in existing models and introducing a more transparent, equitable, and community-driven approach. Its integration of Real-World Assets (RWAs) as the backing for USD0 provides a robust foundation for the stablecoin, ensuring its stability and reliability in the volatile crypto market. The protocol's commitment to redistributing profits to its community, combined with the introduction of a governance token, USUAL, aligns with the broader trend of decentralization and user empowerment in the DeFi space.

As stablecoins continue to play a critical role in the global financial system, Usual's innovative approach is likely to attract significant attention and adoption. The confirmed airdrop campaign and the potential for future token launches add further incentives for early participation, making Usual a promising platform for both retail and institutional investors looking to engage in a more transparent and equitable stablecoin ecosystem.

Founders and Team

Usual Protocol is led by Pierre Person, a former politician and member of the French National Assembly who has been a key figure in shaping France's crypto asset legislation. Person’s leadership brings a unique blend of political acumen and deep understanding of the blockchain space, positioning Usual Protocol to navigate the complexities of regulatory environments while pushing the boundaries of decentralized finance. The team behind Usual comprises a group of experienced professionals with backgrounds in finance, technology, and blockchain development.

Funding

Usual Protocol has secured $7M in funding from prominent investors, including Kraken Ventures and StarkWare, underscoring the confidence in the protocol's vision and potential. This financial backing has been crucial in the development and launch of Usual’s core features, including USD0 and the upcoming governance token, USUAL. The funding also supports the ongoing XP campaign, which incentivizes early adopters and fosters community engagement. With these resources, Usual is well-positioned to continue innovating and expanding its platform, further establishing itself as a leader in the stablecoin and DeFi sectors.

Previous Projects

The team combines significant expertise in crypto legislation and decentralized finance (DeFi). Pierre Person, a former French Member of Parliament, was instrumental in shaping France’s crypto legislation, including the 2019 Pacte law, which introduced a regulatory framework for ICOs. His move from politics to leading Usual reflects his deep commitment to advancing blockchain innovation. While direct details of other team members' past projects are sparse, their involvement in significant DeFi initiatives is clear.

For instance, members associated with Solend, a prominent Solana-based platform with over $200 million in TVL, demonstrate their strong grasp of blockchain technology and DeFi principles. Their transition from Solana to Sui, as seen in projects like Suilend, underscores their adaptability and expertise in leveraging new platforms for enhanced security and scalability. Collectively, the team's background in regulation, DeFi, and blockchain positions Usual as a robust and innovative player in the evolving stablecoin and multi-chain infrastructure landscape.

Competitors

Usual Protocol operates in a competitive landscape alongside other stablecoin projects and DeFi platforms that focus on integrating real-world assets. Competitors such as Tether and USDC dominate the stablecoin market, but Usual differentiates itself by offering a more transparent and community-driven approach. Unlike traditional stablecoins, which often centralize profits and decision-making, Usual redistributes value to its users through yield generation and governance participation. Additionally, the integration of RWAs as backing for USD0 provides a level of stability and security that many other stablecoins lack.

Trends

The DeFi sector is rapidly evolving, with increasing demand for stablecoins that offer greater transparency, security, and equitable value distribution. Usual Protocol is well-positioned to capitalize on these trends by offering a stablecoin that is backed by Real-World Assets (RWAs) and operates within a decentralized, community-driven framework. The protocol's focus on integrating RWAs with DeFi aligns with the growing trend of bridging traditional finance with blockchain technology.

Additionally, the rise of governance tokens as a means of empowering users and decentralizing decision-making processes is reflected in Usual's introduction of the USUAL token. As the stablecoin market continues to mature, Usual's innovative approach is likely to set new standards for transparency and user empowerment, making it a key player in the next generation of DeFi platforms.