USUAL has a capped supply of 3 billion tokens, distributed daily to the community through fixed-size buckets. This article covers the numbers: how much exists, how it flows, and what changed with the November 2025 disinflation.
Supply at a glance
Maximum supply | 3 billion USUAL |
Previous max | 4 billion (revised via UIP-11, November 2025) |
Distribution period | Through June 2028 |
Daily emission | ~1,350,000 USUAL per day |
Previous daily emission | ~2,738,000 USUAL/day (before UIP-11) |
Where the tokens went at launch
At the Token Generation Event (25 November 2024):
Airdrop — 340 million USUAL to early users
Binance Launchpool — 300 million USUAL
Total pre-TGE — 640 million USUAL
The remaining supply is being distributed daily to users of the platform through the ongoing emission schedule.
How daily emissions are split
Since UIP-11 (November 2025), the daily ~1,350,000 USUAL is distributed across fixed buckets:
Bucket | Daily USUAL | Share |
Foundation (DAO) | 547,641 | 40.57% |
USUALx stakers | 301,203 | 22.31% |
*USUAL (insiders)** | 301,203 | 22.31% |
bTOKEN (bUSD0 + ETH0 holders) | 130,000 | 9.63% |
LP rewards | 69,953 | 5.18% |
Total | ~1,350,000 | 100% |
Key changes from the November 2025 disinflation:
USUAL emissions on bUSD0 positions held in USL (Usual Stability Loan) went to 0%
LP farming rewards cut by ~80%
Structural sell pressure reduced by ~87.5%
End of distribution moved forward from November 2028 to June 2028
What this means for token value
Before UIP-11, the protocol had a farm-and-dump problem: more than 90% of USUAL earned by bUSD0 holders was immediately sold, creating constant downward pressure on the price.
UIP-11 restructured the model to reduce sell pressure while keeping the community-first distribution philosophy intact. The result:
Lower daily supply inflation
Fewer tokens going to positions with no commitment
More emphasis on USUALx stakers (who lock their USUAL for longer commitment)
Stronger alignment between USUAL holders and platform success
Allocation principles
Two allocations are immutable (cannot be changed by governance):
USUALx — 10% of daily distribution (anti-dilution staking rewards)
USUAL* — 10% of daily distribution (insider seigniorage, protected by design)
The remaining allocations can be adjusted by DAO vote.
Supply vs value relationship
USUAL uses a supply model where revenue growth is designed to exceed emission growth. In other words, the protocol aims to generate more revenue for each USUAL than it dilutes each USUAL. This is the opposite of tokens with fixed emission schedules that do not tie supply to fundamentals.
The Revenue Switch (activated January 2025) makes this concrete: the more the platform earns, the more USUAL holders are rewarded.
Note: Tokenomics can change via governance. Check the latest UIPs to see if emission parameters have been updated.
Technical note (for DeFi users): The pre-UIP-11 minting rate formula M_asset,t is superseded by the fixed-bucket allocation model. Current daily distribution is governed by the bucket table above. The USUALx and USUAL* allocations (10% each) are immutable by constitutional design. See the litepaper for the full emission formula history.
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