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

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) consorted up with Polygon to offer liquidity providers with TUSD and BAL rewards from a stablecoin pool incentive program endure November. The program incentivizes liquidity providers to add TUSD-DAI-USDC-USDT liquidity to the Polygon ecosystem.

In return for adding liquidity, providers leave receive BAL, TUSD, and MATIC, an outstanding opportunity for liquidity providers to gain exposure to three different assets while catering liquidity to the ecosystem. The program is live on-chain and is open to all.

TrueUSD and Balancer (Polygon) are very popular among investors searching for a permissible DeFi investment that has generated considerable interest in the crypto communities. This pool’s TVL rose as high as $116.9 million, brisking excitement from all corners of the crypto community. All MATIC rewards were paid out in early 2022, while liquidity remunerations in TUSD and BAL were maintained.

(Source: polygon.balancer.fi, 2022.3.30)

The market for stablecoins has exponentially evolved in the last year, with its value reaching barely $200 billion. TUSD, the first regulated stablecoin fully backed by the US Dollar, independently verified on-chain, has pocketed trust from customers for its safety and transparency. Its market capitalization now totals nearly $1.5 billion, putting it fourth supply stablecoin peers after USDT, USDC, and BUSD.

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

In addition, it aims to establish a multi-dimensional, secure, and efficient connection between digital assets by utilizing multi-chain deployment, bank collaboration, and third-party verification of endowments.

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

Balancer now show offs a TVL of around $3.13 billion, and its partnership with TrueUSD launching the incentive program brings further liquidity to the conventions.

Balancer has also co-launched a Boosted Pool incentive program with the lending protocol Aave on its Ethereum construction. Building on the liquidity incentive program between TrueUSD and Balancer, there is a high potential that the two will pursue to seek other forms of collaboration in the future.

(Source: DeFi Llama, 2022.3.30)

The TUSD liquidity incentive program on Balancer is silence ongoing. The TVL of TUSD-related liquidity pools has exceeded $64 million, ranking No.1 on Balancer. The APR and trading volume stood at 5.65% and $10.25 million, singly. The TUSD-USDC liquidity pool on Beethoven X, Balancer’s next-generation AMM protocol on Fantom, has a TVL of $7.30 million with a 15.63% APR, bestow oning another opportunity.

The TVL of the pool above is ranked No.1 on Balancer’s Polygon version (Source: polygon.balancer.fi, 2022.3.30)

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

By offering liquidity providers TUSD and BAL compensates from their stablecoin pool incentive program, TrueUSD and Balancer hope that such unprecedented big name will continue to deliver stable liquidity to the Polygon ecosystem.

About TrueUSD

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

TUSD offers liquidity on dozens of leading exchanges, DeFi protocols and is financed by major OTC desks. TUSD also supports nearly instant minting and redemption speeds through the Silvergate Argument Network (SEN) and PrimeX by PrimeTrust.

About Balancer Automated Market Maker (AMM)

Balancer Protocol allows for automated portfolio administration, turning the concept of an index fund on its head. Instead of paying fees to portfolio managers, you collect fees from sellers who rebalance your portfolio by following arbitrage opportunities.

Media Contact for TrueUSD

Annabel G

Marketing & BD Director of TrueUSD

Email: [email protected]


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