TrueUSD and Balancer Offer Liquidity Providers TUSD and BAL Rewards From Stablecoin Pool Incentive Program

PRESS RELEASE. Singapore, Singapore / April 4th / – TrueUSD (TUSD) and Balancer (BAL) Automated Market Maker (AMM) partnered up with Polygon to connection liquidity providers with TUSD and BAL rewards from a stablecoin excavation inducement programme past November. The programme incentivizes liquidity providers to adhd TUSD-DAI-USDC-USDT liquidity to the Polygon ecosystem.

In instrumentality for adding liquidity, providers volition person BAL, TUSD, and MATIC, an outstanding accidental for liquidity providers to summation vulnerability to 3 antithetic assets portion providing liquidity to the ecosystem. The programme is unrecorded on-chain and is unfastened to all.

TrueUSD and Balancer (Polygon) are precise fashionable among investors searching for a harmless DeFi concern that has generated sizeable involvement successful the crypto communities. This pool’s TVL roseate arsenic precocious arsenic $116.9 million, prompting excitement from each corners of the crypto community. All MATIC rewards were paid retired successful aboriginal 2022, portion liquidity bonuses successful TUSD and BAL were maintained.

(Source: polygon.balancer.fi, 2022.3.30)

The marketplace for stablecoins has exponentially evolved successful the past year, with its worth reaching astir $200 billion. TUSD, the archetypal regulated stablecoin afloat backed by the US Dollar, independently verified on-chain, has earned spot from customers for its information and transparency. Its marketplace capitalization present totals astir $1.5 billion, putting it 4th among stablecoin peers aft USDT, USDC, and BUSD.

TrueUSD has established partnerships and collaborations with salient fiscal institutions, exchanges, and decentralized concern projects to connection users elemental and flexible high-yield campaigns arsenic good arsenic further incentives.

In addition, it aims to found a multi-dimensional, secure, and businesslike transportation betwixt integer assets by utilizing multi-chain deployment, slope collaboration, and third-party verification of funds.

TUSD has been successfully deployed to 10 salient blockchain ecosystems (Source: TrueUSD website)

Balancer present boasts a TVL of astir $3.13 billion, and its concern with TrueUSD launching the inducement programme brings further liquidity to the protocol.

Balancer has besides co-launched a Boosted Pool inducement programme with the lending protocol Aave connected its Ethereum version. Building connected the liquidity inducement programme betwixt TrueUSD and Balancer, determination is simply a precocious imaginable that the 2 volition proceed to question different forms of collaboration successful the future.

(Source: DeFi Llama, 2022.3.30)

The TUSD liquidity inducement programme connected Balancer is inactive ongoing. The TVL of TUSD-related liquidity pools has exceeded $64 million, ranking No.1 connected Balancer. The APR and trading measurement stood astatine 5.65% and $10.25 million, respectively. The TUSD-USDC liquidity excavation connected Beethoven X, Balancer’s next-generation AMM protocol connected Fantom, has a TVL of $7.30 cardinal with a 15.63% APR, presenting different opportunity.

The TVL of the excavation supra is ranked No.1 connected Balancer’s Polygon mentation (Source: polygon.balancer.fi, 2022.3.30)

The information supra suggests that the inducement programs are good received. As a mean of speech for integer assets, stablecoins play a captious relation successful DeFi. TrueUSD’s beardown confederation with prime projects has proven to beryllium a dependable strategy.

By offering liquidity providers TUSD and BAL rewards from their stablecoin excavation inducement program, TrueUSD and Balancer anticipation that specified unprecedented occurrence volition proceed to present unchangeable liquidity to the Polygon ecosystem.

About TrueUSD

TrueUSD (TUSD) is the archetypal independently-verified integer plus pegged 1-for-1 to US Dollars. The ERC20 stablecoin uses aggregate banks, escrow accounts, and third-party attestations to trim counterparty risk, supply transparency, and forestall fraud.

TUSD offers liquidity connected dozens of starring exchanges, DeFi protocols and is supported by large OTC desks. TUSD besides supports astir instant minting and redemption speeds done the Silvergate Exchange Network (SEN) and PrimeX by PrimeTrust.

About Balancer Automated Market Maker (AMM)

Balancer Protocol allows for automated portfolio management, turning the conception of an scale money connected its head. Instead of paying fees to portfolio managers, you cod fees from traders who rebalance your portfolio by pursuing arbitrage opportunities.

Media Contact for TrueUSD

Annabel G

Marketing & BD Director of TrueUSD

Email: [email protected]

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