The Usual community continues to gain momentum as the protocol approaches a pivotal milestone—the Token Generation Event (TGE). With strong traction in Total Value Locked (TVL), strategic integrations, and a clear path toward decentralization, Usual is positioning itself as a leading force in the next generation of fiat-backed stablecoins. This comprehensive roadmap outlines the progress made, upcoming features, and long-term vision for the protocol.
🌟 Community Growth and Protocol Milestones
Since launching on July 10, 2024, Usual has achieved remarkable growth despite challenging market conditions. In just two months, the protocol reached $225 million in TVL, placing it among the top 15 stablecoins globally. This rapid ascent highlights both the strength of the community and the demand for transparent, user-first financial infrastructure.
Key achievements include:
- Fastest-growing fiat-backed stablecoin on Ethereum this summer.
- Ranked 5th in trading volume among fiat-backed stablecoins over the past 90 days, with $1.18 billion traded.
- Second-largest fiat-backed stablecoin pool by TVL on Curve.
- Home to the first USDC vault on Morpho offering top-tier yields, now exceeding $50 million in deposits.
- Projected annualized revenue of $10 million, placing Usual among the top 40 most profitable crypto projects.
- Over 12,000 holders, doubling the entire RWA market’s holder count.
These milestones underscore Usual’s growing influence in decentralized finance (DeFi) and set the stage for its transition into full protocol maturity.
🗺️ Pills Campaign and Pre-Launch Roadmap
The Pills campaign has been central to Usual’s pre-launch strategy, incentivizing early participation and fostering a fair distribution model. As the campaign nears its conclusion around November 15, 2024, the protocol is finalizing preparations for the TGE and the launch of Usual v1.
During this phase, Usual has successfully integrated with major DeFi platforms including Curve, Morpho, and Pendle, enhancing asset composability across ecosystems. Additional partnerships are expected to be announced soon, expanding Usual’s reach across multiple blockchains.
The end of the Pills campaign will mark the official close of the pre-launch phase, enabling all core mechanisms—including staking, governance, and yield distribution—to go live.
💎 $USUAL: Governance and Value Distribution
$USUAL is more than a governance token—it represents ownership in the protocol’s infrastructure and revenue stream. Designed with long-term sustainability in mind, 90% of the total supply will be distributed to the community, while only 10% is allocated to insiders (team, advisors, investors), ensuring minimal dilution risk.
Token issuance is dynamically tied to protocol performance, including TVL and income. As Usual grows, the rate of new token issuance decreases, creating built-in scarcity that benefits long-term holders.
Key TGE Features for $USUAL
- TGE & Exchange Listings (Mid-November 2024): The public launch of $USUAL is scheduled for mid-November 2024. Shortly after, liquidity will be available on major exchanges.
- Airdrop via Pills Campaign: Participants in the pre-launch phase will receive an airdrop based on their Pills holdings. Collectively, Pills holders will claim 7.5% of the total $USUAL supply. Details will be released in early October 2024.
- $USUAL Staking Module:** From TGE onward, users can stake $USUAL to become $USUALx, unlocking future governance rights and earning 10% of all newly issued tokens**—a powerful incentive for long-term commitment.
👉 Learn how token staking can boost your returns in decentralized protocols—start exploring now.
🔐 USD0++: Yield-Bearing Stablecoin with Real Utility
USD0++ is the staked version of USD0, designed to support protocol sustainability while delivering superior yields. By locking USD0 into USD0++, users gain access to daily rewards in $USUAL and help drive fair token distribution.
Post-TGE, USD0++ is expected to become a key collateral asset across lending protocols, perpetual DEXs, centralized exchanges (CEXs), and treasury management systems—offering yields above the risk-free rate.
Core Features at TGE
- 1:1 Redemption Guarantee: At TGE, USD0++ holders can redeem their tokens for USD0 at a 1:1 ratio, ensuring liquidity stability and trust in value distribution.
- **Daily $USUAL Rewards:** After the Pills campaign ends, USD0++ stakers will earn $USUAL rewards claimable daily via the dApp.
- DeFi & CeFi Integration: Already live on major DeFi platforms, USD0++ will expand into CeFi environments, increasing its utility and adoption.
Q1 2025 Enhancements
- Base Interest Guarantee (BIG): Ensures holders receive at least the market’s risk-free rate, acting as a yield safety net.
- Multi-Maturity Options: Introduce flexible lock-up durations tailored to user needs.
- Price Stability Module (PSM) & Unbonding: Enable controlled unbonding linked to $USUAL metrics, supporting price stability and liquidity health.
💸 USD0: The Transparent, Bankless Stablecoin
USD0 is engineered to be safer than traditional stablecoins like USDC and USDT by eliminating reliance on fractional banking reserves. Fully collateralized and backed by real-world assets (RWAs), USD0 offers:
- Real-time collateral verification
- Insurance mechanism against black-swan events
- Full transparency in reserve composition
Since pre-launch began, Usual has prioritized liquidity optimization for USD0, positioning it as the primary medium of exchange within its ecosystem.
Upcoming Developments
- Cross-chain Compatibility (October 2024): USD0, USD0++, and $USUAL will be available across major EVM-compatible chains.
- Major Platform Listings (November 2024): Official listings on leading exchanges will enhance accessibility.
- Strategic TradFi Partnerships: Collaborations with real-world asset providers will diversify collateral backing and increase trust.
🏦 Future Expansion: Governance and Synthetics
As Usual evolves into a fully decentralized protocol, governance will shift entirely to $USUAL holders. Key powers include:
- Approving new risk policies
- Managing treasury allocations
- Deciding on eligible collateral types
- Voting on synthetic asset launches
A Gauge system will empower the community to direct liquidity incentives efficiently across pools and chains.
By Q2 2025, Usual plans to launch new synthetic assets built on the same resilient infrastructure as USD0. These directionally aware, crypto-collateralized instruments will expand financial options for users—bridging DeFi innovation with traditional finance principles.
❓ Frequently Asked Questions (FAQ)
Q: When is the $USUAL TGE?
A: The Token Generation Event is expected around mid-November 2024. Exchange listings will follow shortly after.
Q: How do I qualify for the $USUAL airdrop?
A: Holders of Pills during the pre-launch phase will be eligible. The top 7.5% of $USUAL supply will be distributed based on Pills ownership. More details will be shared in October 2024.
Q: Can I unstake USD0++ at any time?
A: Yes—after TGE, a structured unbonding process linked to $USUAL metrics will allow users to unlock funds while maintaining system stability.
Q: Is USD0 fully backed?
A: Yes. USD0 is fully collateralized through real-world assets like Hashnote’s $USYC via overnight repo agreements, with full transparency verifiable on-chain.
Q: What makes $USUAL different from other governance tokens?
A: $USUAL offers direct exposure to protocol revenue and infrastructure ownership. Its dynamic issuance model promotes scarcity and long-term value accrual.
Q: Will there be more synthetic assets beyond USD0?
A: Yes. In Q2 2025, Usual plans to introduce new synthetic assets that combine crypto-backed collateral with directional exposure, expanding its decentralized banking capabilities.
🔚 Final Thoughts
Usual Protocol is building a resilient, neutral, and sustainable foundation for the future of digital finance. With strong fundamentals, strategic integrations, and a community-first distribution model, it stands poised to redefine what a modern stablecoin ecosystem can achieve.
As we approach the TGE and beyond, every feature—from staking and governance to cross-chain expansion and synthetic innovation—is designed to deliver lasting value to users.
👉 Stay ahead of the next wave in DeFi—see what’s possible with next-gen blockchain finance.