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Usual Community Votes on Proposal for Redistribution of Early Redemption Fees

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Apr 17, 2025

The $Usual community is currently voting on the "Early Redemption Fee Redistribution" proposal. This proposal is a natural continuation of UIP-6, aimed at redistributing the $USUAL tokens collected from early redemption fees. According to community approval, 134 million $USUAL tokens will be allocated to USUALx and $USUAL* holders, with each receiving 67 million USUAL. The first 47 million $USUAL corresponds to the early redemption fees mentioned and approved in UIP-6, which will be distributed through a Time-Weighted Average Price (TWAP) system, rewarding stakers with higher holding amounts and stability since January 19, 2025. The remaining 20 million $USUAL, accumulated due to ongoing early redemption activities after UIP-6 passed, will be allocated at the end of the redistribution period based on loyalty criteria, focusing on rewarding holders who maintain their positions and do not sell their allocation rewards. The TWAP distribution will occur regularly from the date of proposal approval until the end of June 2025, fully adhering to the timeline defined in UIP-6.

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