Usual Money: Unique Features, Potential Airdrop, and How to Participate

Usual Money has just launched its public mainnet and is hosting an exciting airdrop campaign!

Remember the Ethena airdrop? They gave airdrop values nearly equivalent to the amounts deposited into their protocol ($1,000 deposited ~ $1,000 airdrop). Now, there’s a new contender – Usual Money!

What is Usual Money?

Imagine being able to collect tokenized Real World Assets (RWAs) from major companies like BlackRock and Ondo and transform them into USD0, a secure and decentralized fiat stablecoin.

They further distribute power and ownership to users and third parties through their governance token, $USUAL. Impressive, right?

Model Used

  • Ethena Model: USDe Stablecoin ➔ $ENA governance token airdrop
  • Usual Money Model: USD0 Stablecoin ➔ $USUAL governance token airdrop

Key Points to Note:

  • Campaign Duration: 4 months
  • Airdrop: 7.5% of the total $USUAL supply minted at the Token Generation Event (TGE)
  • Farming: The campaign is gamified, allowing you to farm Pills 💊 instead of SATs like in Ethena or potions like in Elixir.
  • Linear Airdrop: The more you deposit, the more you get. But, if your wallet isn’t substantial, it might be better to focus on farming something other than USUAL.

How to Get Pills and Airdrop:

1. Open Usual Money dApp

Open https://app.usual.money/#4TG4Z and connect your wallet

2. Enter Early Access Code

Enter the Invite code 4TG4Z or any other early access code you want

3. Mint USD0

Deposit USDC, USDT, ETH to mint USD0 (Ethereum Mainnet). You can mint USD0 here https://app.usual.money/counter/deposit

After you successfully mint USD0, there are 3 ways to get Pills in different amounts. The following is the explanation.

Three Ways to Earn Pills:

  1. Provide USD0 as liquidity in the USD0/USDC Curve pool:
    Earn 1 Pill daily for every USD0/USDC LP you hold.
  2. Mint & Hold USD0++ with your USD0, as Liquid Bond:
    Earn 5 Pills for each USD0++ you mint and 3 Pills daily for each USD0++ you hold.
  3. Provide USD0 as liquidity in the USD0/USD0++ Curve pool:
    Earn 3 Pills daily for every USD0/USD0++ LP you hold, plus a different bonus distributed across the pool each time USD0++ is minted.

My strategy is to provide liquidity USD0/USD0++ to get 3 pills/lp tokens every day. Here’s how:

4. Provide Liquidity USD0/USD0++

Open the following link https://app.usual.money/desk/liquidity , then make sure to select the USD0/USD0++ option, enter the amount USD0.

Confirm the use of the token in the wallet then confirm the deposit again in the wallet.

If the button doesn’t click, try clearing cache, refreshing, and repeating again. I recommend using OKEx Wallet.

Key Features of Usual Money

Redistributive Model:

  • Usual Money challenges traditional stablecoin systems by redistributing value and ownership through its governance token, $USUAL.
  • Unlike Tether and Circle, which generated over $10B in 2023 without sharing wealth with users, Usual ensures equitable distribution of generated value.

Real-World Assets Integration:

  • By integrating RWAs directly into DeFi, Usual provides a more secure, transparent, and decentralized alternative.

Decentralized Governance:

  • Users control the infrastructure, treasury, and governance through the $USUAL token, promoting long-term value creation.

Security and Transparency:

  • Smart contracts undergo rigorous audits by reputable cybersecurity firms, with results publicly available to ensure transparency and trust.

Scalability:

  • Backed by deep, liquid Treasury Bill markets, Usual tokens offer scalability into the trillions, surpassing cryptocurrency-backed stablecoins in handling large volumes.

Final Thoughts

Get ready to enjoy and start farming Pills! 💊💰 Usual Money is set to revolutionize the stablecoin market by combining real-world assets with decentralized governance, providing a secure, transparent, and decentralized solution that rewards users equitably.

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