Usual announced on X Platform that the income conversion feature for USUALx holders has been activated from today. Those who hold USUALx positions during this week will be eligible for the distribution of collateral income from the previous week. The 1:1 early unstaking feature will be live tomorrow, along with all the relevant rules, and users can choose their farming and unstaking strategies.
In the Usual ecosystem, 90% of the USUAL token supply is allocated to the community; 100% of the collateral income is distributed weekly to USUAL stakers and rewarded in USD0. Detailed documents on the distribution mechanism will be released this week. The new staking mechanism will be launched soon, aiming to create a more autonomous and elegant redistribution system. Weekly reports will also be published to allow everyone to verify income on the chain.