Can Usual's revenue transformation deliver on its promises amid growing concerns?

Revenue transfer, which is a mechanism designed to distribute 100% of usual revenues (normal) Protocol revenue has been released to USUALx stakeholders by the creators of the USD0 stablecoin ecosystem. While the initiative represents an important step forward for DeFi, its inception is accompanied by ongoing community concerns over recent changes to the protocol's redemption function.

The revenue key was activated on January 13, 2025, and enables USUALx stakeholders to receive revenue generated by the protocol, estimated at $5 million per month, directly in USD. This mechanism links the value of the token to actual earnings, with the aim of incentivizing signing in the long term and supporting sustainable protocol growth.

As of January 14, 2025, the USUAL token is trading at $0.5319, with a market cap of $275.68 million and a 24-hour trading volume of $194.6 million. Approximately 36.53% of the token supply is staking, providing an annualized return of 275%, 42% in $0 rewards, and 233% in USUAL rewards.

Despite the excitement surrounding the revenue switch, the protocol has faced criticism for its decision to update the redemption function for $0 stablecoins. The new feature allows for the temporary suspension of redemptions under specific conditions, such as periods of market volatility or liquidity constraints. while normal While making it clear that this change is intended to maintain stability in extreme scenarios, it has raised concerns about concentration of control and potential effects on decentralization.

The introduction of revenue switching and adjustments to the recovery function form part of USUAL's broader strategy to secure its position as a leader Decentralized finance protocol. The “Revenue Switch” aims to enhance the utility of USUAL tokens, stabilize stakeholder returns, and provide a transparent mechanism for revenue distribution. USUAL also indicated plans to improve its model in the coming months, incorporating advanced staking and governance frameworks inspired by the “veModel” used in other DeFi projects.

As USUAL navigates these developments, the success of revenue transformation may serve as a proof of concept based on revenue SymbolologyWhich may affect future practices in this sector. At the same time, the protocol's response to community concerns will be closely monitored, as this could impact trust and adoption in an increasingly competitive DeFi ecosystem.