Kalpha DAO

Kalpha, a new era 🧵

Usual is transforming the financial landscape by creating a more inclusive and decentralized model. By redistributing value and control, it aligns with the true ethos of decentralization. linktr.ee/usualmoney linktr.ee/usualmoney

Backers 👥 Usual has been backed by over 200 investors since its inception in June 2022 such as @KrakenVentures, @IOSGVC, @0xMantle, @StarkWareLtd, @samkazemian, @dcfgod, @flowdesk_co... Kalpha is one of them 🙌

Share your referral code to invite friends and earn up to 10% of the Pills they gain 👨‍👦 Additionally, earn 1% if your friend refers another friend, and 0.5% if that friend refers someone too. Boost your rewards and expand the Usual community!

It's time to un-tether 💊 @usualmoney a revolutionary DeFi protocol that redefines value distribution and control, addressing the flaws of traditional finance and fiat-backed stablecoins. We are proud to be one the backers 🤝 Let's dive into what makes Usual unique 🧵

Earn Pills by engaging with the Usual ecosystem and referring friends 🎁 Activities like minting USD0++, holding USD0++, and providing liquidity can earn you Pills. For example, minting USD0++ earns 5 Pills, while holding USD0++ earns 3 Pills daily.

💊 Launch of the Pills Campaign Usual has launched its public mainnet along with the exciting Pills campaign. Usual Pills are pre-launch points that determine the amount of $USUAL tokens you'll receive during the airdrop. Campaign runs for 4 months, starting on July 10, 2024.

90% of $USUAL tokens are allocated to users, promoting a community-centric approach and preventing insider dominance. Usual is governed by its users, promoting a fair and resilient financial system.

$USUAL Tokens 🪙 $USUAL tokens grant holders the right to participate in governance decisions, ensuring that who contribute to the system have a voice in its direction. $USUAL design includes a deflationary mechanism that rewards early adopters and aligns with protocol growth.

Minting and Redeeming⛏️ Users can mint USD0 by depositing eligible RWAs or USDC into the protocol, and they can redeem USD0 for the underlying assets at any time, ensuring flexibility and trust.

Stability and Security🔐 USD0 ensures unparalleled stability and security by maintaining real-time transparent reserves and avoiding fractional reserve practices. This fosters a more secure and reliable DeFi environment.

USD0💵 USD0 is the first Liquid Deposit Token (LDT) offered by Usual, representing a significant advancement in stablecoin technology. It is backed 1:1 by Real-World Assets (RWA) with ultra-short maturity.

Yield Opportunities: LBTs provide additional earning potential through a Base Yield Opportunity mechanism, which allows holders to claim yields based on the performance of the underlying assets.

• Rewards: LBT holders earn rewards in the form of USUAL tokens, incentivizing long-term participation and alignment with the protocol’s goals. • Liquidity and Transferability: LBTs are liquid, transferable, and composable, allowing for seamless integration and trading.

Liquid Bond Tokens (LBT) 🫧 • Creation: LBTs are issued when users lock their LDTs for a specified duration. This process enhances the productivity of LDTs.

• Tradability: LDTs are freely tradable, providing liquidity and flexibility within the DeFi ecosystem. • Redemption: Users can redeem their LDTs at any time to withdraw their underlying assets, ensuring continuous access and control over their investments.

Liquid Deposit Tokens (LDT) 🫧 • Issuance: Users deposit eligible assets into the Usual protocol, receiving LDTs in return. Each LDT is a non-productive token representing the holder’s claim on the underlying asset.

Mechanism⚙️ • Liquid Deposit Tokens (LDT • Liquid Bond Tokens (LBT) • USD0 • $USUAL tokens Let's dive into these mechanisms 👇

Fair Value Distribution 🤜🤛 Usual seeks to create a financial system where value is more equitably shared among all users, not just concentrated among a few shareholders. This ensures that the benefits of the system are distributed fairly.

Challenge to Centralization 🏦 Major fiat-backed stablecoins replicate traditional banking’s structures, perpetuating systemic risks through under-collateralized practices. Usual targets these shortcomings to promote decentralized control and equitable value distribution

Why Usual?💡 Traditional banking systems often privatize profits while socializing losses, creating an imbalanced financial landscape. Usual aims to disrupt this model by leveraging cryptocurrency technology to establish a fairer financial system.