TrueUSD and Balancer offer liquidity providers TUSD and BAL rewards from stablecoin pool incentive program

In return for adding liquidity, providers will receive BAL, TUSD and MATIC, which is an excellent opportunity for liquidity providers to get exposure to three different assets while providing liquidity to the ecosystem. The event is live on-chain and open to all.

TrueUSD and Balancer (Polygon) are very popular among investors looking for a safe DeFi investment which has generated considerable interest in the crypto communities. The TVL of this pool increased to $116.9 million, prompting excitement from all corners of the crypto community. All MATIC rewards were paid out at the beginning of 2022, while liquidity bonuses were maintained in TUSD and BAL.

(source: polygon.balancer.fi, 2022.3.30)

The stablecoin market has grown rapidly over the past year, reaching a value of around $200 billion. TUSD, the first regulated stablecoin fully backed by the US dollar, independently verified on-chain, has earned trust from customers for its security and transparency. Its market capitalization is now approximately $1.5 billion, placing it fourth among stablecoin peers USDTUSDC, and BUSD.

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

In addition, it aims to establish a multi-dimensional, secure and efficient relationship between digital assets using multi-chain deployment, bank collaboration, and third-party verification of funds.

TUSD Has Been Successfully Deployed In 10 Major Blockchain Ecosystems (Source: TrueUSD Website)

Balancer now has around $3.13 billion in TVL, and its partnership with TrueUSD to launch an incentive program brings further liquidity to the protocol.

Balancer has also launched a boosted pool incentive program with lending protocol Away on its Ethereum version. Based on the liquidity stimulus program between TrueUSD and Balancer, it is highly likely that the two will continue to explore other forms of collaboration in the future.

(Source: DeFi Lama, 2022.3.30)

The TUSD liquidity stimulus program on the balancer is still in progress. The TVL of the TUSD-related liquidity pool has exceeded $64 million, ranking No. 1 on the balancer. APR and trading volume stood at 5.65% and $10.25 million, respectively. The TUSD-USDC liquidity pool on Beethoven X, Balancer’s next-generation AMM protocol Phantom, has a TVL of $7.30 million with 15.63% APR, presenting another opportunity.

The TVL of the pool above is ranked No. 1 on the polygon version of the balancer (source: polygon.balancer.fi, 2022.3.30)

The above figures show that the incentive programs have been well received. As a medium of exchange for digital assets, stablecoins play an important role in DeFi. TrueUSD’s strong tie-up with Quality Projects has proved to be a good strategy.

By offering liquidity providers TUSD and BAL rewards from their stablecoin pool incentive program, TrueUSD and Balancer expect such phenomenal success to continue to provide stable liquidity to the Polygon ecosystem.

About TrueUSD

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

TUSD provides liquidity on dozens of leading exchanges, DeFi protocol and supported by major OTC desks. TUSD also supports near-instant mining and redemption speeds through the Silvergate Exchange Network (SEN) and PrimeX through PrimeTrust.

About Balancer Automated Market Maker (AMM)

The Balancer Protocol allows for automated portfolio management, turning the concept of an index fund on its head. Instead of paying fees to portfolio managers, you charge traders who rebalance your portfolio by following arbitrage opportunities.

Media Contact for TrueUSD

Annabel G

TrueUSD Director of Marketing and BD

Email: pr@trueusd.com


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source: news.bitcoin.com

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