TrueUSD (TUSD) and Balancer (BAL) Automated Market laanschtgaangen (AMM) partnered up with Polygon to offer liquidity providers with TUSD and BAL rewards from a stablecoin pool incentive program last November.
The program incentivizes liquidity providers to add TUSD-DAI-USDC-USDT liquidity to the Polygon ecosystem.
In return for adding liquidity, providers will receive BAL, TUSD, and MATIC, an outstanding opportunity for liquidity providers to gain exposure to three different assets while providing 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 safe Defi investment that has generated considerable interest in the crypto communities.
This pool’s TVL rose as high as $116.9 million, prompting excitement from all corners of the crypto community. All MATIC rewards were paid out in early 2022, while liquidity bonuses in TUSD and BAL were maintained.
The market for stablecoins has exponentially evolved in the last year, with its value reaching nearly $200 billion.
TUSD, the first regulated stablecoin fully backed by the US Dollar, independently verified on-chain, has earned trust from customers for its safety and transparency.
Its market capitalization now totals nearly $1.5 billion, putting it fourth among stablecoin peers after USDT, USDC, and BUSD.
TrueUSD huet Partnerschaften an Zesummenaarbecht mat prominente Finanzinstituter, Austausch, an dezentraliséierte Finanzprojeten etabléiert fir Benotzer einfach a flexibel High-yield Kampagnen ze bidden souwéi zousätzlech Ureizer.
Zousätzlech zielt et fir eng multidimensional, sécher an effizient Verbindung tëscht digitale Verméigen ze etabléieren andeems se Multi-Chain Deployment, Bank Zesummenaarbecht, an Drëtt Partei Verifizéierung vu Fongen benotzen.
Balancer huet elo eng TVL vu ronn 3.13 Milliarden Dollar, a seng Partnerschaft mat TrueUSD, deen den Ureizprogramm lancéiert, bréngt weider Liquiditéit zum Protokoll.
Balancer has also co-launched a Boosted Pool incentive program with the lending protocol Aave on its Ethereum Versioun.
Building on the liquidity incentive program between TrueUSD and Balancer, there is a high potential that the two will continue to seek other forms of collaboration in the future.
The TUSD liquidity incentive program on Balancer is still 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, respectively.
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, presenting another opportunity.
The data above suggests that the incentive programs are well received. As a medium of exchange for digital assets, stablecoins play a critical role in Defi.
TrueUSD’s strong alliance with quality projects has proven to be a sound strategy.
Andeems Dir Liquiditéitsanbieter TUSD a BAL Belounungen aus hirem Stablecoin Pool Incentive Programm ubitt, hoffen TrueUSD a Balancer datt sou onendlech Erfolleg weiderhin stabil Liquiditéit an de Polygon-Ökosystem liwweren.
Iwwer TrueUSD
TrueUSD (TUSD) is the first independently-verified digital asset pegged 1-for-1 to US Dollars.
d' ERC20 stablecoin uses multiple banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.
TUSD bitt Liquiditéit op Dosende vu féierende Austausch, DeFi Protokoller a gëtt vu grousse OTC-Desks ënnerstëtzt.
TUSD ënnerstëtzt och bal instant Minting an Erléisungsgeschwindegkeet duerch de Silvergate Exchange Network (SEN) an PrimeX vun PrimeTrust.
Iwwer Balancer Automated Market Maker (AMM)
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 collect fees from traders who rebalance your portfolio by following arbitrage opportunities.
Verzichterklärung
All d'Informatiounen op eiser Websäit enthale sinn a gudde Glawen verëffentlecht ginn an nëmme fir allgemeng Informatiounszwecker. All Handlung déi de Lieser op d'Informatioun op eiser Websäit fënnt ass strikt op eegene Risiko.
Source: https://beincrypto.com/trueusd-balancer-liquidity-providers-rewards-from-incentive-program/