TrueUSD and Balancer Offer TUSD and BAL Stablecoin Pool Incentive Program Rewards to Liquidity Providers – Bitcoin News Press Release

press release

PRESS RELEASE. Singapore, Singapore / April 4 / – TrueUSD (TUSD) and Balancer (BAL) Automated Market Maker (AMM) have partnered with Polygon to offer liquidity providers TUSD and BAL premiums from a stablecoin pool incentive program last November to offer. The program incentivizes liquidity providers to add TUSD-DAI-USDC-USDT liquidity to the Polygon ecosystem.

In exchange for adding liquidity, providers will receive BAL, TUSD and MATIC, an excellent opportunity for liquidity providers to gain exposure to three different assets while providing liquidity to the ecosystem. The program is live on-chain and open to everyone.

TrueUSD and Balancer (Polygon) are very popular among investors looking for a safe DeFi investment that has attracted a lot of interest in the crypto communities. The TVL of this pool surged as high as $116.9 million, causing excitement in all corners of the crypto community. All MATIC bonuses were paid out in early 2022 while maintaining liquidity bonuses in TUSD and BAL.

(Source: polygon.balancer.fi, 3/30/2022)

The stablecoin market has grown exponentially over the past year, reaching nearly $200 billion in value. TUSD, the first regulated stablecoin fully backed by the US dollar and independently verified on-chain, has earned the trust of customers for its security and transparency. Its market cap is now close to $1.5 billion, ranking fourth among stablecoin peers after USDT, USDC, and BUSD.

TrueUSD has established partnerships and collaborations with leading financial institutions, exchanges and decentralized finance projects to offer users simple and flexible high-yield campaigns as well as additional incentives.

Furthermore, it aims to create a multi-dimensional, secure and efficient connection between digital assets by leveraging multi-chain deployment, collaboration with banks and third-party verification of funds.

TUSD successfully deployed on 10 prominent blockchain ecosystems (Source: TrueUSD website)

Balancer now has around $3.13 billion TVL, and its partnership with TrueUSD launching the incentive program brings further liquidity to the record.

Balancer has also partnered with lending protocol Aave to launch a boosted pool incentive program for its Ethereum version. Building on the liquidity incentive program between TrueUSD and Balancer, there is high potential that the two will continue to explore other forms of collaboration in the future.

(Source: DeFi Lama, 3/30/2022)

The TUSD liquidity incentive program on Balancer is still ongoing. The TVL of TUSD-related liquidity pools has surpassed US$64 million, ranking #1 on Balancer. The APR and trading volume were 5.65% and $10.25 million, respectively. The TUSD-USDC liquidity pool on Beethoven X, Balancer’s next-gen AMM protocol on Fantom, has a TVL of $7.30 million with an APR of 15.63%, providing another opportunity.

The TVL of the above pool is #1 in the Polygon version of Balancer (source: polygon.balancer.fi, 2022-03-30)

The above data suggests that the stimulus programs are being well received. As a medium of exchange for digital assets, stablecoins play a crucial role in DeFi. TrueUSD’s strong alliance with quality projects has proven to be a solid strategy.

By offering liquidity providers TUSD and BAL rewards from their stablecoin pool incentive program, TrueUSD and Balancer hope this unprecedented success will continue to provide stable liquidity to the Polygon ecosystem.

About TrueUSD

TrueUSD (TUSD) is the first independently verified digital asset pegged 1:1 to US Dollars. The ERC20 stablecoin uses multiple banks, escrow accounts, and third-party verification to reduce counterparty risk, provide transparency, and prevent fraud.

TUSD offers liquidity on dozens of leading exchanges, DeFi protocols and is supported by major OTC desks. TUSD also supports near-instant minting and redemption speeds via PrimeTrust’s Silvergate Exchange Network (SEN) and PrimeX.

About Balancer Automated Market Maker (AMM)

The balancer protocol enables automated portfolio management and turns the concept of an index fund on its head. Instead of paying fees to portfolio managers, they charge fees to traders who rebalance your portfolio by pursuing arbitrage opportunities.

Media contact for TrueUSD

Annabel G

Marketing and BD Director of TrueUSD

Email: [email protected]

This is a press release. Readers should conduct their own due diligence before taking any action related to the advertised business or its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com Media

Bitcoin.com is the leading source for all things crypto. Contact [email protected] to discuss press releases, sponsored posts, podcasts, and other options.

Photo credits: Shutterstock, Pixabay, Wiki Commons

More Popular News

In case you missed it

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers