Key Highlights This Week
- Usual Protocol activates Revenue Switch on January 13 to stabilize USD0++ after depegging.
- Cheelee (CHEEL) unlocks $169M worth of tokens on January 13.
- Shiba Inu launches TREAT token on January 14.
- Ondo (ONDO) faces a massive $24.1B token unlock on January 18 (134.21% of circulating supply).
January 13: Revenue Switch Activation & Major Unlocks
🔄 Project Update: Usual Protocol
Usual Protocol will activate its Revenue Switch feature to address USD0++'s depegging. This mechanism:
- Shares 100% of protocol revenue (up to $5M/month) with USUALx stakers.
- Requires >50% USUAL staked; auto-activates by February 1, 2025, if threshold isn’t met.
🔓 Token Unlocks
| Token | Amount Unlocked | Value | % Circulating Supply |
|---|---|---|---|
| Cheelee (CHEEL) | 20.81M | $169M | – |
| Polyhedra (ZKJ) | 17.22M | $33.2M | 28.52% |
January 14: Policy Debates & Ecosystem Launches
⚖️ Regulatory Watch
- Korea: First impeachment trial debate for President Yoon Suk-yeol.
- OpenAI: Court hears Encode’s motion against profit conversion (Jan 14).
🚀 Project Launches
- Shiba Inu’s TREAT token goes live.
- Renzo Protocol debuts bzSOL for SOL/BNSOL staking (21:00 UTC).
January 15: Liquidity Mining & Token Releases
📈 Key Events
- Degen: Liquidity mining airdrop begins (Snapshot ends Jan 14).
- Ethena: Derive (DRV) launches; 5% allocated to sENA stakers.
🔓 Token Unlocks
| Token | Amount Unlocked | Value |
|---|---|---|
| Connex (CONX) | 4.33M | $85.8M |
| Starknet (STRK) | 64M | $27.6M |
January 17–18: Community & Unlock Waves
🎉 Community Events
- Trump/Vance Inaugural Ball hosted by crypto industry (Jan 17, Washington D.C.).
- PANews PARTY AWARD voting closes (Jan 17).
🔥 Mega Unlock: Ondo (ONDO)
- 19.4B tokens ($24.1B) unlocked on January 18 — 134.21% of circulating supply.
FAQ Section
Q: How does Usual Protocol’s Revenue Switch work?
A: It distributes 100% of protocol revenue to stakers if >50% USUAL is staked as USUALx. Payouts are weekly in USD0.
Q: What’s the impact of Ondo’s massive unlock?
A: The unlock equals 134% of circulating supply, potentially increasing sell pressure. Monitor Ondo’s treasury plans.
Q: When can I stake SOL for bzSOL?
A: Renzo’s bzSOL minting opens January 14 at 21:00 UTC for 24 hours.
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