Blockchain
TrueUSD and Balancer Offer Liquidity Providers TUSD and BAL Rewards from Stablecoin Pool Incentive Program
Singapore, Singapore–(Newsfile Corp. – March 31, 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. The program incentivizes liquidity providers to add TUSD-DAI-USDC-USDT liquidity to the Polygon ecosystem.
(Source: polygon.balancer.fi, 2022.3.30)
To view an enhanced version of this graphic, please visit:
(Source: DeFi Llama, 2022.3.30)
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8506/118736_ac84f6d8a4d7a85f_004full.jpg
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 TVL of the pool above is ranked No.1 on Balancer’s Polygon version (Source: polygon.balancer.fi, 2022.3.30)
To view an enhanced version of this graphic, please visit:
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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.
By offering liquidity providers TUSD and BAL rewards from their stablecoin pool incentive program, TrueUSD and Balancer hope that such unprecedented success will continue to deliver stable liquidity to the Polygon ecosystem.
About TrueUSD
TrueUSD (TUSD) is the first independently-verified digital asset pegged 1-for-1 to US Dollars. The ERC20 stablecoin uses multiple banks, escrow accounts, and third-party attestations 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 nearly instant minting and redemption speeds through the Silvergate Exchange Network (SEN) and PrimeX by PrimeTrust.
About 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.
Media Contact for TrueUSD
Annabel G
Marketing & BD Director of TrueUSD
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118736
Blockchain
Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry
Blockchain
Teletubbies Digital Companions to Launch on the Tezos Blockchain
MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.
The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.
Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.
Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”
Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”
The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.
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