Usual community is voting on the proposal to redistribute early redemption fees

PANews
PANews|Apr 17, 2025 03:09
The snapshot voting page shows that the Usual community has initiated the "early redemption fee redistribution" UIP-7 proposal voting, which will end on April 18th. This proposal is a natural continuation of UIP-6, aimed at completing the redistribution of USUAL tokens collected from early redemption fees. According to community approval, 134 million USUAL tokens will be distributed as follows: 67 million USUAL tokens will be distributed to USUALx holders; 67 million USUAL allocated to USUAL * holders. Among them, the first 47 million coins in each group correspond to the early redemption fees mentioned and approved in UIP-6. This part will be allocated through the Time Weighted Average Position (TWAP) system in the coming weeks, rewarding stakers based on their position size and stability since January 19, 2025. The remaining 20 million coins in each group were accumulated after the UIP-6 was approved due to ongoing early redemption activities. This newer portion will be allocated based on loyalty standards towards the end of the redistribution period, with a focus on rewarding holders who maintain their positions and have not sold their allocated rewards. The allocation based on TWAP will be conducted regularly from the date of approval of this proposal until the end of June 2025, fully following the schedule defined in UIP-6.
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