Topic: A New Algorithmic Stablecoin: TiUSD (Read 53 times)

There are many projects on the stablecoin track. I recently learned about a new project, which belongs to algorithmic stablecoins.

It's the @TiTi Protocol.

What's more surprising is that,it's the first-ever Use-To-Earn algorithm stablecoin. This is where I am more interested.
Its mechanics are also very interesting, so I'll give you a brief introduction.

TiTi Protocol is a fully decentralized, multi-asset reserve-backed, use-to-earn algorithmic stablecoin that aims to provide diversified and decentralized financial services based on the crypto-native stablecoin system and autonomous monetary policy. TiTi Protocol is a fully decentralized, multi-asset reserve-backed, use-to-earn algorithmic stablecoin. TiUSD, the stablecoin issued by TiTi Protocol, will retain an independent monetary policy through its crypto-native infrastructure. Beyond that, TiTi Protocol utilizes a use-to-earn design engineered to streamline the interoperability of algorithmic stablecoins with other projects in DeFi, thus contributing to stablecoins' user adoption and their benefit to the DeFi world. 

How is TiTi different from other algorithmic stablecoins?
The very nature of Algorithmic stablecoins is to maintain a stable price by automatically adapting the stablecoin supply to meet demand. TiTi’s most unique feature is that it can improve algorithmic stablecoins’ liquidity and user adoption on the premise of ensuring stability. As the protocol is tailored to boost the adoption of algorithms in stablecoin, there are many benefits for its users. Similar to this protocol are Fraxfinance, Fei Protocol and TerraUSD(UST) platform.   And all the keys to achieve all this are several core innovation modules of TiTi.
1.New stablecoin issuance paradigm, TiTi-AMMs, greatly boost stablecoin onchain liquidity, increase capital efficiency and free from impermanent loss. It is the module where TiUSDs are issued and burned, controlling TiUSD inflation and deflation. It is impermanence loss free and has triple mining rewards, due to unique liquidity rebalance algorithm. Stablecoin users need not to worry about their assets being liquidated. All they need to do is swap and swap back. Liquidity Providers don’t need to open a position for TiUSD when they would like to participate in liquidity mining. They just need to provide single sided liquidity to TiTi-AMMs, because the protocol will do the math and mint equal value of TiUSD for them, these TiUSD will be stored in the trading pairs enhancing the liquidity.
2.Multi-asset Reserve ensures stability and raises the upper limit for the issuance size. To begin with, it needs to be clear that TiTi Protocol is not a pure algorithmic stablecoin. It is more like a decentralized, multiple crypto assets backed, not collateralized, stablecoin whose supply and demand is adjusted by an algorithm.Instead of just using algorithm, each and every TiUSD, the stablecoin issued by TiTi Protocol, is supported by sufficient crypto Assets in the reserve, such as WBTC, ETH, USDC etc. and supported by the continuous yields from Rainy Day Fund, the robustness of the protocol in dealing with the risks of market fluctuations in Reserve Assets has been improved, allowing the protocol to introduce Multi Crypto Assets as Reserves, so this Addresses two of the most important issues in the algo stablecoins race: stability and liquidity.
3. The Reorders can cohesively make TiUSD pegging to $1 via reshape liquidity pairs value.
4. Use-to-earn, the first ever stablecoin tokenomic design that will tremendously boost algorithmic stablecoin user adoption. The user adoption for major algorithmic stablecoin is the core for organic market growth. TiTi invented the first ever Use-To-Earn mechanism to ensure the organic adoption of algorithm stablecoin, which will significantly boost TiUSD’s market competitive advantage and beyond. Use-to-earn is a brand new stablecoin earning concept, it’s short for using stablecoin to earn protocol fee passively and proactively. To be specific, use-to-earn means that users can earn protocol fees by holding or using TiUSD. The use-to-earn algorithm and distribution pattern are designed and adopted based on the protocol’s organic growth in the early stage, and will be fully determined by TiTi DAO in the later stage.
5. Aligned DAO Governance.TiTi Protocol have a governance mechanism that incentivizes the long-term health of the stablecoin for the few decades and beyond, rather than short-term profit.auctioning governance tokens or future reserve yields. Governance is incentivized to do this at opportune times as opposed to solely as last resorts in the middle of a crisis. If times are good, and governance token valuation is sky high, governors are incentivized to auction off new tokens early to boost the reserve.

TiTi official said:”the TiTi protocol is more than a stablecoin protocol, the stablecoin protocol is just the beginning. Our ultimate goal is to provide global users with diversified and DeFi services based on the crypto-native stablecoin system and autonomous monetary policy.”

After an in-depth understanding of TiTi, I found that its mechanism is very good. Compared with the existing centralized stablecoins in the market, all aspects of TiTi are perfect. Their team's ideas are very novel. Totally caught my eye.

Friends who want to know more can discuss with me, and there will be more information and more details in TiTi's Twitter.
Tell your friends a news, according to what I have learned, TiTi has recently completed fundraising, and there are many activities in Discord. The rewards are very rich, and I have already participated in it!