TrueUSD and Balancer Offer Liquidity Providers TUSD and BAL Rewards from Stablecoin Pool Incentive Program
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Singapore, Singapore / Mar 31 / – 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.
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 USD 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 USD 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 USD 1.5 billion, putting it fourth among stablecoin peers after USDT, USDC, and BUSD.
TrueUSD has established partnerships and collaborations with prominent financial institutions, exchanges, and decentralized finance projects to offer users simple and flexible high-yield campaigns as well as additional incentives.
In addition, it aims to
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