Why this rating: The Revenue Switch is a contract mechanism (Brevis, Apr 2025) that routes weekly USD0 protocol revenue to locked USUALx stakers on a 70/30 split — a hard, code-enforced revenue-to-token route. UIP-15 (passed Dec 2025, 57.8M For / 188K Against) commits the DAO to take protocol IP from Usual Labs via the Foundation ('Settle, Clarify, Transfer'). GSA-3 pass is conditional on staking/locking (USUALx); the 70/30 split and weekly cadence are contract-enforced, but the switch's live status as of 2026-09-01 should be re-verified (no new UI proposals on Snapshot since Jan 2026); GSA-1 near-miss: on-chain governance exists but the Usual Foundation (legal entity) retains significant control; no verified no-multisig-gate treasury control
GSA-3 pass is conditional on staking/locking (USUALx); the 70/30 split and weekly cadence are contract-enforced, but the switch's live status as of 2026-09-01 should be re-verified (no new UI proposals on Snapshot since Jan 2026)
GSA-1 near-miss: on-chain governance exists but the Usual Foundation (legal entity) retains significant control; no verified no-multisig-gate treasury control
GSA-2 fail: no recall/veto mechanism for operators verified
UIP-15 IP transfer to the DAO was committed 'before end of Q1 2026' — completion not independently verified
No proposal history is available for Usual in the current scanner window.
Metrics
Curated metric — next quarterly update. On-chain revenue, treasury, and distribution-enforcement reads are not yet wired for this DAO's space in the Institute's state files; the quarterly re-assessment cycle will populate this block.