PANews reported on January 13 that Usual announced on the X platform that starting today, the income conversion function for USUALx holders has been activated. Those who hold USUALx positions during this week will be eligible for last week's collateral income distribution. The 1:1 early unstaking function will be launched tomorrow, along with all the relevant rules, and users can choose farm and unstake 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. A detailed document on the distribution mechanism will be released this week. A new staking mechanism will be introduced soon, aiming to create a more autonomous and elegant redistribution system. Weekly reports will also be published so that everyone can verify the income on the chain.
