Voting Underway in Usual Community on "Reallocation of Early Redemption Fees" Proposal

April 17 News: The Snapshot voting page shows that the Usual community has started voting on the "Reallocation of Early Redemption Fees" UIP-7 proposal, which will conclude on April 18. This proposal is a natural extension of UIP-6 and aims to complete the reallocation of USUAL tokens collected from early redemption fees. As approved by the community, 134 million USUAL tokens will be distributed as follows: 67 million USUAL to USUALx holders; 67 million USUAL to USUAL* holders.

In each group, the initial 47 million tokens correspond to the early redemption fees mentioned and approved in UIP-6. This portion will be distributed over the coming weeks through a Time-Weighted Average Position (TWAP) system, rewarding stakers based on their holding size and stability since January 19, 2025. The remaining 20 million tokens in each group were accumulated due to ongoing early redemption activities after the passage of UIP-6. This newer share will be distributed based on loyalty criteria, rewarding those who maintain their holdings and do not sell the allocated rewards, near the end of the reallocation period. The TWAP-based distribution will be regularly conducted from the approval date of this proposal until the end of June 2025, fully adhering to the timeline defined in UIP-6.