Integrate bUSD0
Recap - What is bUSD0 (formerly USD0++) about?
bUSD0 (Bond USD0) represents USD0 stablecoin locked until June 11, 2028. It remains transferable during this period, earning USUAL incentives and maturity yield. Users receive 1 USD0 for 1 bUSD0 at maturity. For early redemption, users need an equivalent amount of rt-USD0 - received at mint - which unlocks bUSD0 back into USD0 at a 1:1 rate anytime. Additionally, early redemption below peg can be made at a DAO set price floor.
Supply: ∞ - each USD0 can be deposited into bUSD0
Contract standard: ERC-20
Reward distribution approach: Claim bearing
For more insights check out:
bUSD0 (formerly USD0++) Deep dive
bUSD0 (formerly USD0++) Smart Contract
Why should you enhance your product offering with bUSD0?
The Usual Protocol is one of the first stablecoin issuer to redistribute generated value in the form of a governance token via bUSD0, directly incentivizing protocol liquidity, while remaining fully transferable and composable. 100% of the generated revenues are pooled into the protocol's treasury. Consequently, USUAL a genuine governance token, backed by real RWA yield and revenue, granting ownership rights over the protocol's actual revenues, future revenues, and infrastructure.
These USUAL rewards guarantee at least rewards as high as the underlying RWA yield, in reality is likely to be higher due the protocol's unique tokenomics of USUAL. USUAL distribution is designed to be disinflationary, meaning its value theoretically increases as the Total Value Locked (TVL) in bUSD0 grows. In that sense early participation is highly advantageous. This sets it apart from many other governance tokens, which often lack intrinsic value.
How can bUSD0 be integrated?
Reward logic = Claim bearing
bUSD0 introduces a new logic for rewards distribution. Unlike other tokens, bUSD0 is a "Claim bearing" token, not yield bearing or rebasing. Holders of bUSD0 are eligible for "Claiming" daily $USUAL rewards. By default the Usual reward system assigns the holder's address as the recipient of these rewards.
The Usual protocol enhances composability by integrating logic that tracks and maps user deposits and activity across other protocols. For instance, Usual monitors deposits of bUSD0 into Morpho, enabling it to reward users who use their bUSD0 deposits as collateral on Morpho.
When integrated, the user experience is straightforward. Users can utilize the integrated protocols such as Morpho and Pendle, and directly claiming rewards for their bUSD0 ownership and activity in the "Earn" section of the Usual interface on a daily basis.
This setup provides clarity on token values while allowing users to manage and utilize their bUSD0 assets seamlessly, without losing their "Claim" on the underlying USUAL rewards. For optimal performance, protocols are highly encouraged to completely integrate with the Usual reward system, so that USUAL rewards are automatically assigned to their users via the daily USUAL distribution, ready to be "claimed".
Integration Tiers
For an integration to be considered completely integrated, empowering a straightforward claim experience for bUSD0 holder/users please refer to tier list below:
Partially integrated
USUAL is claimed and redistributed by integration partner
Euler, Superform, Contango
Not integrated
USUAL can't be claimed from smart contract, USUAL remains stale
Maybe your smart contract?
If you are in the lowest tier, don't fret - we are here to help! Checkout the integration options below.
What integration options are currently supported?
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