Usual USD0

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL represents the value held by the protocol

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Usual USD0's governance or utility token carries a market capitalisation of 25 M US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (25 M US$) is small relative to deposits secured by the protocol (107,2 M US$); a mcap/TVL multiple of 0.23× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 12,3 M US$ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Usual USD0 is published as a versioned release inside the Usual protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Usual USD0 es una versión dentro de una familia de protocolos mayor. Abre el protocolo padre para ver el TVL combinado y todas las versiones hermanas.

Eventos importantes señalados por la comunidad de DeFiLlama — lanzamientos del protocolo, exploits, cambios de gobernanza y programas de incentivos.

1. Jul 15, 2024
   Listado en DeFiLlama

Usual USD0 operates in the RWA category of DeFi. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).

Usual USD0 is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Ethereum-staking, staking), so a fault on any one of them would affect a large slice of users. Price discovery relies on 2 oracle providers (Chainlink, Pyth), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (25 M US$) is small relative to TVL (107,2 M US$) — a mcap/TVL ratio of 0.23 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Usual USD0 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Usual USD0 is one of 7 RWA protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Tether Gold, BlackRock BUIDL, Paxos Gold, and 3 more. These peer protocols collectively secure 14,3 mil M US$ in deposits, giving you a frame of reference for whether Usual USD0's own TVL is at the top, middle, or tail of the category.

Tether Gold

TVL 3569,1 M US$ · 24h -0.43%

BlackRock BUIDL

TVL 2542,1 M US$ · 24h +0.43%

Paxos Gold

TVL 2496,6 M US$ · 24h -0.60%

Circle USYC

TVL 2368 M US$ · 24h +4.42%

Ondo Yield Assets

TVL 2037,1 M US$ · 24h -0.67%

Centrifuge Protocol

TVL 1294,1 M US$ · 24h +4.07%