Over the past few days, I’ve been trying to better understand the $USUAL token, which is trading on Binance, to decide how to deal with the price volatility. After all, we saw the price spike to over $1.50 🤑 at the beginning, but now it’s hovering between $1.04 and $1.08 📉, as many investors (especially those who bought at the top) are concerned. To make a more informed decision, I decided to study the structure behind the Usual Protocol, and here’s what I learned:

What is $USUAL ? 🤔

$USUAL, which you buy and sell on Binance, is not just a regular speculation token. It is the governance token of the Usual Protocol. 🗳️ In other words, it gives its holders voting power over important platform decisions, such as the use of treasury funds 💰 (the protocol’s “reserve”).

But there's more: $USUAL is part of a more complex ecosystem that I don't think many people even know exists. Here are the 4 components:

1. $USUALx – The "Staked" Version of $USUAL 🔒 If you stake (lock your USUAL in the protocol), you receive $USUALx.

This $USUALx token works as a kind of "proof" that you are contributing to the security and liquidity of the platform. 🛡️

In return, you receive a reward currently around 368% per annum 📈💸 (APY). - according to Usual's website

2. $USD0 – A Stablecoin da Usual 🏦

$USD0 is a stablecoin pegged to the dollar and backed by US Treasury assets. 🇺🇸 1 to 1.

Its main function is to be a stable asset within the ecosystem, serving as an alternative to the USUAL for those who want less risk. ✅

3. $USD0+++ – Yield-Earning Stablecoin 💵➡️📈

$USD0+++ is a staked version of $USD0.

It allows users to earn returns on assets without giving up the stability of a dollarized asset. 🏦💰

If I'm not mistaken, the income from both staked versions is in regular $USUAL

How Is Everything Connected?

The USUAL you buy on Binance is tied to what happens in these other tokens and the treasury management of the Usual Protocol. 🏗️

The Treasury is fed by fees generated in the protocol (such as staking or swaps) and uses these funds to sustain the ecosystem, indirectly impacting the value of USUAL in the market. 📊💡

If you, like me, are analyzing USUAL solely by its Binance spot price 📉📈, you may be missing the bigger picture. Without understanding these other components and how value is generated and sustained, it’s difficult to make informed decisions about whether to hold, sell, or even short the token.

I'm not here to "suck up" or encourage anyone to buy or sell. 🤐 What I learned is that USUAL on Binance is just the "tip of the iceberg" 🧊. If you want to better navigate the volatility of this currency, it may be worth understanding how the ecosystem works and evaluating whether the proposal makes sense in the long term for you. ⏳💭

I hope these discoveries help you look at USUAL more clearly! 🤝✨