HomeCoinsTrueGBP (TGBP)Vote Now: Support TrueUSD on Compound | by TrustToken | Oct, 2020

Vote Now: Support TrueUSD on Compound | by TrustToken | Oct, 2020

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Click on the image to vote on the proposal

Good for COMP Holders, Good for TrueCurrency Users — Here’s Why

TrustToken

On October 20th, 2020, with the support of our partners at Dharma, TrueUSD was proposed as a new Compound Finance market. We’ve previously discussed the pros and cons of TUSD on Compound on the governance forum.

Though we’ll share many of the highlights of the lively discussion in this post, our summary position is this:

TrueUSD has set the bar in terms of transparency, trustworthiness, and adoption across DeFi. As such, TUSD markets across the top DeFi platforms have collectively grown to hundreds of millions in value, with TUSD ranking at a top asset by total market size.

If TUSD is accepted as a new Compound market, we expect to see similar growth on Compound as TUSD has enjoyed on Aave, Maker and beyond — to the benefit of COMP holders and TUSD users.

We also expect adding a third stablecoin asset will give Compound users a way to diversify beyond the 2 assets that currently drive the overwhelming majority of Compound usage today — USDC and DAI.

If you cannot participate in the vote, we’d love your help in sharing this post. You can retweet the post below or share this link at will.

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Leader in Transparency

Popularity

If TrueUSD performed similarly on Compound, we expect that it would become Compound’s third-largest market in terms of total borrow (after DAI and USDC).

Reliability

Liquidity

DeFi Adoption

Maker has also greenlit 3 of TrustToken’s forex currencies: TAUD, TGBP, and TCAD.

Access

You can mint and redeem it right here.



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