> For the complete documentation index, see [llms.txt](https://tech.usual.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tech.usual.money/overview/features/usual.md).

# USUAL

## Overview

$USUAL is the governance and utility token of the protocol designed for long-term value and sustainable growth, backed by real cash flows from the Usual Protocol. It offers disinflationary issuance, with supply tied to the Total Value Locked (TVL) of staked USD0, and is aligned with future cash flows to ensure that emissions remain lower than revenue growth. USUAL holders can stake tokens to earn rewards and activate governance rights, which include managing treasury and protocol decisions. It also allows governance control over collateral types, optimizing stability.

<details>

<summary><strong>USUAL issuance</strong></summary>

USUAL is issued to USD0, USD0++, USUALx and USUAL\* users on daily basis based on the USUAL distribution math. For further details see [USUAL distribution](https://app.gitbook.com/o/qhhUYNkfevGh3Y1MDQaS/s/pUhQzPJGdJzuLTQ5sCym/overview/features#usual-distribution).

</details>

## Smart Contract

{% content-ref url="/pages/tg0GXKS5hSLFJHzLMwcs" %}
[USUAL](/smart-contracts/token-contracts/usual.md)
{% endcontent-ref %}


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