Singapore, Singapore, 31st March, 2022,

– TrueUSD (TUSD) and Balancer (BAL) Automated Market Maker (AMM) partnered up with Polygon to offer liquidity providers with TUSD and BAL rewards from a stablecoin pool incentive program last November. This program rewards liquidity providers for adding TUSD-DAI – USDC-USDT liquidity into the Polygon ecosystem.

Providers will be able to receive BAL and TUSD in return for their liquidity. This is a unique opportunity for liquidity providers to have access to 3 different assets, while also providing liquidity for the ecosystem. It is now live and open to anyone.

TrueUSD and Balancer are popular choices for investors looking for safe DeFi investments. They have also generated significant interest from the crypto communities. This pool’s TVL rose as high as $116.9 million, prompting excitement from all corners of the crypto community. In early 2022 all MATIC bonuses were paid, and liquidity bonuses in BAL and TUSD were also maintained.

(Source: polygon.balancer.fi, 2022.3.30)

In the last year, stablecoins’ market has seen an incredible growth rate. The current value of these coins is close to $200 billion. TUSD is the first stablecoin to be fully supported by the US Dollar and has been independently verified on-chain. Customers have a lot of trust in it for their safety and transparency. The market capitalization of TUSD is now nearly $1.5 Billion, making it the fourth most valuable stablecoin after USDT and USDC.

TrueUSD partners and collaborates with financial exchanges and other prominent institutions to bring users high-yield, flexible campaigns, as well as incentives.

It also aims to create a secure multi-dimensional connection among digital assets through multi-chain deployment and bank collaboration.

The successful deployment of TUSD to 10 blockchain-based ecosystems has been documented by TrueUSD.

Balancer boasts an estimated TVL of $3.13 trillion, with TrueUSD as its partner. The incentive program is further liquidated by the partnership.

Balancer also launched a Boosted pool (NASDAQ:) incentive program in conjunction with Aave, the lending protocol. Based on their collaboration with TrueUSD, Balancer has a great chance of them continuing to explore other avenues for cooperation.

(Source: DeFi Llama, 2022.3.30)

TUSD liquidity incentives on Balancer are still in operation. Balancer has the highest TVL of liquidity pools related to TUSD, at $64 million. APR and trading volume were respectively 5.65% and 10.25 million. 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 TVL of the pool above is ranked No.1 on Balancer’s Polygon version (Source: polygon.balancer.fi, 2022.3.30)

Data above shows that incentives programs are very well received. In DeFi, stabilitycoins serve as an important medium for the exchange of digital assets. TrueUSD’s strong alliance with quality projects has proven to be a sound strategy.

TrueUSD and Balancer want to continue providing stable liquidity to the Polygon community by rewarding liquidity providers with TUSD and BAL from their incentive program for stablecoin pools.

Information about TrueUSD

TrueUSD (TUSD) is the first independently-verified digital asset pegged 1-for-1 to US Dollars. To reduce counterparty risk and provide transparency and protect against fraud, the ERC20 stablecoin makes use of multiple banks and escrow accounts.

TUSD is available on liquidity exchanges that support DeFi protocol and other major OTC providers. TUSD can also be used to support fast minting and redemption through PrimeX by PrimeTrust and Silvergate Exchange Network (SEN).

About Balancer Automated Mark Maker (AMM).

The Balancer Protocol automates portfolio management and turns the idea of an index fund upside down. Instead of having to pay portfolio managers fees, traders collect fees. They rebalance the portfolio according to arbitrage opportunities.

Contacts

Marketing & BD Director of TrueUSD

Disclaimer: This press release contains information that does not represent investment advice. CoinQuora is not a sponsor of any company information or any individual listed on this site. The press release does not contain any information. Readers should do their research. CoinQuora will not take responsibility for any loss or damage caused by any product or content mentioned in the press release.

Continue reading on CoinQuora