Usual: Plans to turn on token fee switch before February 1
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2025-01-07 22:02 6,065
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Golden Finance reported that Usual announced the launch of the "Revenue Switch" mechanism on the social platform, which will directly distribute the protocol income to USUAL pledgers. The activation condition is that more than 50% of $USUAL is pledged to USUALx, or automatically on February 1, 2025. day start.
Once this mechanism is activated, the protocol’s monthly revenue of up to $5 million will all be distributed to USUALx stakers in the form of USD0. Rewards are only available to users who continue to pledge during the entire monthly cycle. Those who transfer out midway will lose the current income qualification. Currently, the agreement has generated more than US$20 million in undistributed revenue.