Summary

TrueUSD is a U.S. dollar stablecoin pegged to USD at 1:1. TrueUSD has grown to incorporate almost $400 million of backed tokens as of October 2020.

TrueUSD is one of a number of cryptocurrency stablecoins administered by TrustToken, a platform for tokenizing real-world assets. Thus, TUSD is described as “the first regulated stablecoin fully backed by the US Dollar.

TrueUSD facilitates increased liquidity and provides cryptocurrency traders and users with a non-volatile asset relative to free-floating tokens.

Security Considerations and Risk Analysis

TrueUSD (TUSD) is one of the world’s most trusted stablecoin, independently attested live on chain for 1:1 USD reserves, with billions in monthly volume, nearly instant minting, no fees, and direct-to-bank redemption. TrueUSD has been audited by CertiK and SlowMist. At the moment, TUSD has been listed on a lot of leading exchanges like Binance, Huobi Global, Kucoin, … and live on trending DeFi platforms of well-known public chains including Aave, Venus, …

Benefits for Trava Lending Pool

First of all, TUSD is a stablecoin pegged to USD 1:1 which means this asset would induce very small risk for the Trava lending pool as a whole.

Moreover, that TUSD being added into Trava Lending Pool will give users a wider range of choices to deposit and borrow, thus earning reward from Trava Lending pool.

As for the overall benefit of TUSD for the Trava community, many TUSD holders are looking for a reliable place to deposit their stablecoins and get a simple yield on this. Trava would provide this use case. Users can take advantage of Trava Lending Pool to get significant leverage and earning from the stablecoin.

Protocol ​​Data

• Total Supply: 813,000,000
• Number of Holders: 13,125
• Token Address: 0x14016E85a25aeb13065688cAFB43044C2ef86784

Params on lending Pool

Interest Rate Strategy:

• U_Optimal: 80%
• Base: 0%
• Slope 1: 4%
• Slope 2: 75%

Risk Parameters

• Collateral: Yes
• LTV: 75%
• Threshold: 80%
• Bonus: 5%
• Reserve Factor: 20%

Voting Options

Yes - Add TUSD into Trava Lending Pool No - Do not add TUSD into Trava Lending Pool