TrueUSD Launches Fountain Incentive Plan Of $1 Billion to Support the Development of DeFi Ecosystems
TrueUSD, the f irst independently-verified stablecoin redeemable 1-for-1 for US Dollars and early participant in DeFi, has officially announced the launch of its Fountain Incentive Plan. This plan will serve as an incubator for projects with potential by introducing $1 billion worth of TrueUSD and other digital assets to DeFi ecosystems to further empower their growth.
The project, named Fountain, to illustrate the idea of an endless flow, represents the constant injection of new impetus through the DeFi ecosystems and projects with high potential.
Thanks to the Fountain Incentive Plan, TrueUSD will fully support the ecosystems and DeFi projects of different public chains and stimulate the growth of quality projects through in-depth strategic cooperation. The TrueUSD team will also devise exclusive cooperation schemes tailored to various projects to maximize their strengths. In addition to financial support, TrueUSD will regularly organize various activities to foster full cooperation among ecosystems. Projects that wish to join the TrueUSD ecosystem will also benefit from the resources offered by TrueUSD’s strategic partners, paving the way for their entry to the DeFi 3.0 era.
DeFi Partnerships
In addition to lending protocols, decentralized trading platforms also sit at the core of TrueUSD’s development roadmap. As of date, the TVL of TrueUSD in Curve has exceeded $41.5 million and has reached $79.6 million in PancakeSwap, bringing substantial and stable liquidity to protocols. On the TRON-based stablecoin swap platform SUN.io, TrueUSD performed equally well, with its TVL exceeding $180 million, accounting for 34% of the platform’s total value locked.
According to the latest statistics, the Total Value Locked (TVL) of TrueUSD has reached $88.7 million on Compound and approximately $83,4 million on the AAVE protocol. Lending protocols and decentralized trading platforms are the core elements of TrueUSD’s development roadmap. The TVL of TrueUSD has exceeded $41.5 million on Curves and reached $79.6 million on PancakeSwap, bringing substantial and stable liquidity to protocols. Finally, TrueUSD has performed equally well on the TRON-based stablecoin swap platform with a TVL exceeding $180 million. TrueUSD, therefore, accounts for over 34% of the platform’s Total Value Locked (TVL).,
Following the Fountain Incentive Plan, TrueUSD will also join hands with other DeFi protocols to provide needed liquidity.
Performance of TrueUSD across DeFi Projects (October 25)
Aside from our existing partners, we warmly welcome the participation of premium projects from other chains to join us in taking the growth of our DeFi ecosystem to the next level!
PR, DeFi, Fountain Incentive, TrueUSDRead More
OhNoCrypto
via https://www.ohnocrypto.com
, Khareem Sudlow
