The Usual community is voting on a proposal to "reallocate early redemption fees"
On April 17, the Snapshot voting page showed that the Usual community had started voting on the "Early Redemption Fee Reallocation" UIP-7 proposal, and voting will end on April 18. The proposal is a natural continuation of UIP-6 and aims to complete the redistribution of USUAL tokens collected from early redemption fees. Based on community approval, 134 million USUAL tokens will be allocated as follows: 67 million USUAL will be allocated to USUALx holders; and 67 million USUAL will be allocated to USUAL* holders. Among them, the first 47 million in each group correspond to the early redemption fees mentioned and approved in UIP-6. This portion will be allocated over the next few weeks through the Time-Weighted Average Open Position (TWAP) system to reward pledgers based on the size and stability of users 'positions since January 19, 2025. The remaining 20 million pieces in each group were accumulated due to continued early redemption activities after the passage of UIP-6. These newer shares will be allocated towards the end of the reallocation period based on loyalty criteria, focusing on rewarding holders who maintain positions and have not sold the allocated rewards. TWAP-based allocations will occur regularly from the date of approval of this proposal to the end of June 2025, fully following the timetable defined in UIP-6.
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