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Usual Staking ($USUALx)

USUALx is the transferable ERC-20 token that represents staked USUAL in the Usual Protocol. Staking is the base layer of the protocol’s participation stack: it provides access to governance, earns a share of the protocol’s daily USUAL emissions, and is the prerequisite for unlocking protocol revenue through the Locking Module.

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How It Works

When you deposit USUAL into the staking contract, you receive USUALx at the current exchange rate. Over time, the USUALx ↔ USUAL exchange rate increases as staking rewards accrue. As a result, each USUALx becomes redeemable for more USUAL over time—no manual claiming is required.

Stake:    USUAL  → USUALx (at current exchange rate)
Unstake:  USUALx → USUAL  (at appreciated exchange rate) - 10% fees

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Key Facts

  • Stake USUAL → receive USUALx, a transferable representation of your staked position.

  • USUALx holders receive 22% of all daily USUAL emissions, distributed proportionally across USUALx supply.

  • Stake or unstake at any time—basic staking has no mandatory lock-up.

  • The DAO apply an unstaking fee (currently 10%), of which ⅓ is redistributed to remaining stakers.

  • Only locked USUALx earns protocol revenue via the Revenue Switch.

  • Staking is the required foundation for participating in the Locking Module and revenue share.

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Daily USUAL Emission

Stakers collectively receive 22% of all USUAL tokens issued each day. This allocation serves as an anti-dilution mechanism, helping stakers hedge against the inflationary effects of broader USUAL distribution.

Following the November 2025 disinflation shock, daily emissions were reduced by approximately 50.7% (from ~2.74M to ~1.35M USUAL/day). While the nominal amount flowing to USUALx remained constant at 301,203 USUAL/day, the staking share of total emissions increased from 11% to 22.31%, giving stakers a proportionally larger share of the reduced supply.

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Unstaking Fee

The DAO can set an unstaking fee on withdrawals from USUALx back to USUAL. The fee is currently 10% and is distributed as follows:

Recipient
Share

Remaining USUALx stakers

⅓ (33.3%)

USUAL insiders

⅓ (33.3%)

DAO treasury / protocol

⅓ (33.3%)

This fee structure discourages short-term speculative behavior while rewarding long-term participants. In 2025, approximately $400,000 was collected from unstaking fees.

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