🧮 $USUAL VALUATION MODEL USUAL – AFTER INFLATION REDUCTION (SUPPLY 3B)

(Latest update)

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🎯 1) Valuation based on P/S (Price / Revenue) – suitable for DeFi protocols

Usual currently generates monthly fees:
• 2.3M → 3.2M USD / month, depending on the phase.
=\u003e Annualized average revenue:
≈ 30–38M USD / year

DeFi protocols in the same sector (RWA, yield, stables) are often valued based on P/S:
=\u003e With Usual (currently small, rapidly growing) → reasonable P/S: 5 – 12

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📌 Calculate Marketcap based on 3 scenarios:

(A) CONSERVATIVE Scenario
• Annual revenue: 30M
• P/S = 5
→ Reasonable Marketcap = 150M USD

➡️ USUAL Price = 150M / 3B = 0.05 USD

Upside from current price (0.028 USD) = ~80%

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(B) BASE Scenario
• Revenue grows with TVL & users → 50M / year
• P/S = 8
→ Marketcap = 400M USD

➡️ USUAL Price = 400M / 3B = 0.133 USD

Upside = 4.7×

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(C) STRONG GROWTH Scenario (similar to MakerDAO/Frax during the boom phase)
• Usual has strong RWA adoption, USD0 is widely used → 100M USD / year revenue
• P/S = 12
→ Marketcap = 1.2B USD

➡️ USUAL Price = 1.2B / 3B = 0.40 USD

Upside = 14× (1.400%)