Usual USD0(USUAL)
Total Value Locked$84.07m
TVL by Chain
Ethereum$84.07m
Key Metrics
Fees 30d$299,832
Fees 30d by chain
Ethereum$299,832
Fees 7d$56,215
Ethereum$56,215
Fees 24h$6,197
Ethereum$6,197
Cumulative Fees$75.92m
Ethereum$75.92m
Revenue 30d$290,801
Revenue 30d by chain
Ethereum$290,801
Revenue 7d$54,112
Ethereum$54,112
Revenue 24h$5,896
Ethereum$5,896
Cumulative Revenue$61.38m
Ethereum$61.38m
Holders Revenue 30d$102,198
Holders Revenue 30d by chain
Ethereum$102,198
Holders Revenue 7d$11,601
Ethereum$11,601
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$13.32m
Ethereum$13.32m
Market Cap$23.59m
$USUAL Price$0.012
$23.96m
$USUAL Volume 24h$2.33m
CEX Volume$1.71m
DEX Volume$843,715(36.23% of total)
Staked$11.76m(49.86% of mcap)
Total Raised$18.5m
Apr 17, 2024$7mRound: StrategicInvestors: IOSG Ventures, Kraken Ventures, GSR, Mantle Network, Flowdesk, StarkWare, Avid3, Bing Ventures, Breed VC, Hypershere, Kima Ventures, Psalion, Public Works, 0x Ventures, LBank Labs, TRGC, Capsule Corp., Pleb Capital, Kalpha DAO, KaizenDAO, Primony, 0xSalazar, apolynya, HighStakesCap, DCF God, Nicolas Bacca, Sebastien Couture
Nov 6, 2024$1.5mRound: Community RoundInvestors: echoxyz, Comfy Capital, Jed Breed
Dec 23, 2024$10mRound: Series AInvestors: Binance Labs, Kraken Ventures, Galaxy Digital, OKX Ventures, Coinbase Ventures, Wintermute Ventures, Echo, IOSG Ventures, Fasanara Digital Ventures, Symbolic Capital, Amber Group, GSR, Psalion, Hypershere, Avid3, FunFair Ventures, LeadBlock Partners, White Loop Capital, PHAEDRUS, Krypital Group, JPEG Trading, M^0
Protocol Information
The Usual protocol is a decentralized finance framework centered around USD0, a stablecoin designed as a liquid deposit token. It embodies the principle of redistributing value generated by users through a revenue-based token, USUAL. This approach enables users to access yields while simultaneously gaining exposure to the protocol’s growth and long-term success.
Sub Category: Treasury Bills
Audits:
Methodology
TVL: TVL represents the value held by the protocolView code on GitHubFees: Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.View code on GitHubRevenue: Fees kept by Usual (treasury and USUAL holders), excluding the USD0 paid to sUSD0 and USD0a stakers and the Euler vault interest paid to lenders.View code on GitHubHolders Revenue: USD0 paid to USUALx lockers from RWA yield, plus USUAL early unstake penalties distributed to USUALx stakers or burnt.View code on GitHubYields
Pools Tracked6
Average Supply APY10.38%
Hacks
Date: May 27, 2025
Amount: $43,000
Classification: Input Validation
Technique: Missing Input Validation
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Usual USD0's TVL?
Usual USD0 currently has $84.07m in total value locked. TVL has decreased 6.4% over the past 30 days.
What chains does Usual USD0 operate on?
Usual USD0 operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Usual USD0 generated in fees and revenue?
Over the past 30 days, Usual USD0 generated $299,832 in fees. Of that, $290,801 was protocol revenue. Based on the trailing year, the annualized rate is $12.84m in fees and $9.39m in revenue.
What is the USUAL token price and valuation?
USUAL is currently trading at $0.012. Its circulating market capitalization is $23.59m, ranking it #1,001. Its fully diluted valuation is $23.96m. Supply currently stands at 1.949b circulating, 1.979b total supply, 3b maximum supply.
How has USUAL performed recently?
USUAL is down 9.9% over the past 7 days and up 0.2% over the past 30 days. Its all-time high is $1.61, reached on Dec 19, 2024. The token is currently 99.2% below that level.
How does Usual USD0's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Usual USD0 ranks #16 by TVL. The category holds $4.701b across 173 protocols, and Usual USD0 accounts for 1.8% of that total. Other leading protocols include Invesco USTB, Ethena USDtb, Huma, Re, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, and Sky RWA.
How many yield pools does Usual USD0 have?
DefiLlama tracks 6 Usual USD0 yield pools with an average APY of 10.4%.
Has Usual USD0 ever been exploited?
Usual USD0 has 1 recorded security incident. The most recent incident occurred on May 27, 2025 and involved $43,000. It was classified as Input Validation.