peer valuation difference
The valuation multiple differs materially from the eligible peer median
Current streak: 6 snapshots · triggered 6/6 observed snapshots
usual · coingecko:usual
The valuation multiple differs materially from the eligible peer median
Current streak: 6 snapshots · triggered 6/6 observed snapshots
| Metric | Period | Value | Observed |
|---|---|---|---|
| fees | 24h | $13,842.00 | 2026-10-18T04:35:58.074Z |
| fees | 30d | $313,386.00 | 2026-10-18T04:35:58.074Z |
| fees | 7d | $104,163.00 | 2026-10-18T04:35:58.074Z |
| holders revenue | 24h | $9,266.00 | 2026-10-18T04:36:12.168Z |
| holders revenue | 30d | $125,356.00 | 2026-10-18T04:36:12.168Z |
| holders revenue | 7d | $64,118.00 | 2026-10-18T04:36:12.168Z |
| revenue | 24h | $13,574.00 | 2026-10-18T04:36:00.033Z |
| revenue | 30d | $304,480.00 | 2026-10-18T04:36:00.033Z |
| revenue | 7d | $102,181.00 | 2026-10-18T04:36:00.033Z |
| tvl | point in time | $83.25M | 2026-10-18T04:35:46.584Z |
| Metric | Window | Change | Boundary |
|---|---|---|---|
| fees usd:24h | 7d | 193.01% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:30d | 7d | 6.06% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:7d | 7d | 83.88% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| holders revenue usd:30d | 7d | 24.87% | 2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z |
| holders revenue usd:7d | 7d | 412.74% | 2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z |
| market cap usd:point in time | 7d | -15.05% | 2026-10-11T04:40:48.000Z → 2026-10-18T04:28:54.000Z |
| revenue usd:24h | 7d | 207.17% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:30d | 7d | 6.30% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:7d | 7d | 87.35% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| tvl usd:point in time | 7d | -1.13% | 2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z |
Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.
Open AI research briefInsufficient actual 30-day revenue or market-cap history
Limits: No observation within 2 days of the 30-day boundary · No observation within 2 days of the 30-day boundary
{
"inputs": {},
"calculation": null,
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}Insufficient actual 30-day activity or market-cap history
{
"inputs": {},
"calculation": null,
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}No observations
Limits: Requires holders revenue and fees at both boundaries
{
"inputs": {},
"calculation": null,
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}The valuation multiple differs materially from the eligible peer median
Limits: A difference is not evidence of mispricing; protocol economics may not be comparable
{
"inputs": {
"currentCap": 20616343,
"latestRevenue": 13574,
"peerMedian": 47.67869953567811
},
"calculation": {
"annualizedRevenueMultiple": 4.161126529162319,
"peerMultipleRatio": 0.08727432941094661
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}Insufficient actual 30-day fundamental history
{
"inputs": {},
"calculation": null,
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}Eligible, but dilution threshold was not met
Limits: Supply fields are provider-reported and do not describe unlock timing
{
"inputs": {
"circulatingSupply": 1974234606.2724595,
"totalSupply": 1979660333.4954243
},
"calculation": {
"totalToCirculatingRatio": 1.0027482687243585
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}No provider identity conflict detected
{
"inputs": {
"identityConflict": false
},
"calculation": null,
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}[
{
"assetId": "coingecko:usual",
"kind": "sector",
"value": "real_world_assets",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category RWA",
"sourceProvider": "defillama",
"sourceRecord": "7465",
"observedAt": "2026-10-18T04:35:46.584Z"
},
{
"assetId": "coingecko:usual",
"kind": "sector",
"value": "other",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category Synthetics",
"sourceProvider": "defillama",
"sourceRecord": "7464",
"observedAt": "2026-10-18T04:35:46.584Z"
},
{
"assetId": "coingecko:usual",
"kind": "asset_type",
"value": "protocol_token",
"status": "classified",
"reason": "Canonical type mapping from DeFiLlama category RWA",
"sourceProvider": "defillama",
"sourceRecord": "7465",
"observedAt": "2026-10-18T04:35:46.584Z"
}
][
{
"assetId": "coingecko:usual",
"protocolId": "4882",
"protocolSlug": "usual-usd0",
"method": "gecko_id_and_chain_contract",
"evidence": "DeFiLlama gecko_id=usual; DeFiLlama address=0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E; CoinGecko platforms.ethereum=0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E",
"status": "verified_provider_relationship"
},
{
"assetId": "coingecko:usual",
"protocolId": "7464",
"protocolSlug": "usual-eth0",
"method": "chain_contract",
"evidence": "DeFiLlama address=0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E; CoinGecko platforms.ethereum=0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E",
"status": "verified_provider_relationship"
},
{
"assetId": "coingecko:usual",
"protocolId": "7465",
"protocolSlug": "usual-eur0",
"method": "chain_contract",
"evidence": "DeFiLlama address=0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E; CoinGecko platforms.ethereum=0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E",
"status": "verified_provider_relationship"
}
][
{
"assetId": "coingecko:usual",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "analyzable",
"method": "global",
"reason": "At least one deterministic screening method is eligible"
},
{
"assetId": "coingecko:usual",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "insufficient_historical_data",
"method": "global",
"reason": "One or more historical methods lack actual boundary observations"
},
{
"assetId": "coingecko:usual",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "excluded_from_method",
"method": "revenue_growth_declining_multiple",
"reason": "Insufficient actual 30-day revenue or market-cap history"
},
{
"assetId": "coingecko:usual",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "excluded_from_method",
"method": "activity_growth_stagnant_market_cap",
"reason": "Insufficient actual 30-day activity or market-cap history"
},
{
"assetId": "coingecko:usual",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "excluded_from_method",
"method": "improving_tokenholder_value_capture",
"reason": "No observations"
},
{
"assetId": "coingecko:usual",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "excluded_from_method",
"method": "fundamental_deterioration",
"reason": "Insufficient actual 30-day fundamental history"
},
{
"assetId": "coingecko:usual",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "requires_manual_investigation",
"method": "global",
"reason": "At least one deterministic research signal triggered"
}
][]
[
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:271",
"protocolId": "4882",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-22T21:51:30.762Z",
"value": 87897254.2018803,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:9128",
"protocolId": "4882",
"metric": "fees_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 20945,
"unit": "USD",
"definition": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:9129",
"protocolId": "4882",
"metric": "fees_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 93676,
"unit": "USD",
"definition": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:9130",
"protocolId": "4882",
"metric": "fees_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 331644,
"unit": "USD",
"definition": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:16033",
"protocolId": "4882",
"metric": "revenue_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 20662,
"unit": "USD",
"definition": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:16034",
"protocolId": "4882",
"metric": "revenue_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 91750,
"unit": "USD",
"definition": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:16035",
"protocolId": "4882",
"metric": "revenue_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 323354,
"unit": "USD",
"definition": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:21684",
"protocolId": "4882",
"metric": "holders_revenue_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:36.166Z",
"value": 14544,
"unit": "USD",
"definition": "Total fees are distributed to token holders, token burns",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:21685",
"protocolId": "4882",
"metric": "holders_revenue_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:36.166Z",
"value": 46125,
"unit": "USD",
"definition": "Total fees are distributed to token holders, token burns",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:21686",
"protocolId": "4882",
"metric": "holders_revenue_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:36.166Z",
"value": 103656,
"unit": "USD",
"definition": "Total fees are distributed to token holders, token burns",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:270",
"protocolId": "4882",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-24T00:45:17.400Z",
"value": 87886670.98882073,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9138",
"protocolId": "4882",
"metric": "fees_usd",
"period": "24h",
"observedAt": "2026-09-24T00:45:20.664Z",
"value": 16077,
"unit": "USD",
"definition": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9139",
"protocolId": "4882",
"metric": "fees_usd",
"period": "7d",
"observedAt": "2026-09-24T00:45:20.664Z",
"value": 94365,
"unit": "USD",
"definition": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:9140",
"protocolId": "4882",
"metric": "fees_usd",
"period": "30d",
"observedAt": "2026-09-24T00:45:20.664Z",
"value": 348868,
"unit": "USD",
"definition": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16045",
"protocolId": "4882",
"metric": "revenue_usd",
"period": "24h",
"observedAt": "2026-09-24T00:45:22.760Z",
"value": 15797,
"unit": "USD",
"definition": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16046",
"protocolId": "4882",
"metric": "revenue_usd",
"period": "7d",
"observedAt": "2026-09-24T00:45:22.760Z",
"value": 92424,
"unit": "USD",
"definition": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:16047",
"protocolId": "4882",
"metric": "revenue_usd",
"period": "30d",
"observedAt": "2026-09-24T00:45:22.760Z",
"value": 340574,
"unit": "USD",
"definition": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:21704",
"protocolId": "4882",
"metric": "holders_revenue_usd",
"period": "24h",
"observedAt": "2026-09-24T00:45:24.661Z",
"value": 9649,
"unit": "USD",
"definition": "Total fees are distributed to token holders, token burns",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:21705",
"protocolId": "4882",
"metric": "holders_revenue_usd",
"period": "7d",
"observedAt": "2026-09-24T00:45:24.661Z",
"value": 47292,
"unit": "USD",
"definition": "Total fees are distributed to token holders, token burns",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
"methodology": {
"Fees": "Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.",
"Revenue": "Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.",
"ProtocolRevenue": "Total fees are distributed to protocol treasury.",
"HoldersRevenue": "Total fees are distributed to token holders, token burns"
}
},
{
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