The decentralized stablecoin protocol TiTi Protocol plans to officially launch the Ethereum mainnet on May 16

Decentralized Stablecoin ProtocolTiTi Protocolfirst level title

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TiTi ProtocolIt is a stable coin protocol that is completely decentralized, supported by multi-asset reserves, has "Use-to-Earn" (earn as you use it), and naturally prevents bank runs. It aims to provide encrypted native stable currency systems and Independent monetary policy, bringing more diversified DeFi services to global users. The new paradigm of decentralized stablecoin protocol TiTi Protocol is the first stablecoin that uses "Use-to-Earn" and has the function of preventing bank runs. TiUSD is a stablecoin issued by TiTi Protocol, and $TiTi is the governance token of the protocol.

It is reported that TiTiProtocol announced in April 2022 that it has completed a financing of US$3.5 million. Spartan Group led the investment, and SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Capital, Solidity Venture, 0x b 1, Tascha, Nipun, Michael and others participated. cast.

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TiTi Protocol mainnet will be launched soon

TiTi Protocol announced that it will be launched on May 16Ethereum Mainnet, and plans to start the second round of airdrops.

According to TiTi's tokenomics, 50% of $TiTi will be used as an incentive for community members, and distributed to community users through long-term Epoch cycles, etc. For specific release time and distribution, please refer to TiTiDoc。

After the TiTi mainnet goes live, there will be Yield Farming Rewards Epochs every 28 days. Each Epoch, the protocol governance token $TiTi will be distributed to protocol users as incentives through various strategies. In the first Epoch, 2 million $TiTi will be provided as a reward. The proportion of rewards for each mining strategy is different, and users need to choose a strategy that earns higher returns according to the level of APY. $TiTi is the governance token of the protocol. It is reported that TiTi Protocol just completed the issuance of IDO and the first round of airdrops on May 13, and plans to start the second round of airdrops in the near future.

Phase 1 of TiTi ProtocolYield Farmingfirst level title

• MMF: 15% 

• LP Mining: 30% 

• Use-to-Earn: 15% 

• TiTi Staking: 40% 

Mechanism of TiTi Protocol

As a new star of decentralized stablecoins, the most unique feature of TiTi Protocol is that it can improve the liquidity and user acceptance of decentralized stablecoins under the premise of ensuring stability.Five core modulesBringing a New Paradigm of Stablecoin Solutions:TiTi-AMM, Multi-Asset Reserve, Reorders, Use-to-Earn, and DAO Governance.

TiTi-AMM (M-AMM): The main market for TiTi minting and redemption. It is the core mechanism to adjust the circulation of TiUSD, and maintain the stability of the primary TiUSD market through specific trading strategies. It is the core mechanism to adjust the circulation of TiUSD, and maintain the stability of the primary TiUSD market through specific trading strategies.

Multi-asset reserve: TiUSD is a stablecoin supported by asset reserve, ETH, WBTC, DAI, etc. TiTi Protocol has high scalability and supports market making of multiple assets, thereby increasing the scale of funds, meeting the needs of users for multi-currency transactions, and avoiding single-point risks caused by violent fluctuations. The agreement adjusts the proportion of each market-making fund through community governance, improves the ability to resist risks, and obtains external benefits.

Reorders: An efficient anchoring mechanism. The core mechanism of TiTi Protocol is to always use a specific price, in this case, assuming 1 USD, as a benchmark to provide the market with fully symmetrical bilateral TiUSD buy and sell orders. This mechanism periodically reshapes the order book with established rules, fixing the price at $1. We refer to the process of restoring order book form as the ReOrders mechanism. Through the ReOrders mechanism, the issuance and redemption of TiUSD is achieved by adjusting the order depth of TiUSD and the buy and sell orders provided by market makers. It is guaranteed that the inflation and deflation of TiUSD will not affect the value of TiUSD in circulation.

Use-to-Earn: This is a brand-new stablecoin revenue concept, the principle is to use stablecoins to passively or actively earn protocol fees. TiTi Protocol is the first to use and earn stable coins, allowing users to use algorithms to obtain income through Merkle proof. For example, users can use TiUSD to pay, purchase NFT, conduct transactions, or use TiUSD in specified scenarios. Use-to-earn is decided by DAO-Governance to benefit stakeholders.

Summarize

Summarize

TiTi Protocol aims to bring a new elastic supply decentralized stablecoin solution to DeFi and Web3. Compared with existing stablecoins such as USDT, DAI, FEI, etc., TiTi Protocol has six major advantages: decentralization, high capital utilization, more stable and efficient anti-risk reserves and multi-asset reserve guarantees, and anti-volatile risks. Stablecoin TiUSD will become a new medium of exchange in the cryptocurrency world while meeting the investment needs of different investors.

As a fully decentralized stablecoin, TiUSD is anchored at $1, free from regulatory scrutiny and political constraints, and suitable for use as a medium of exchange. In addition, TiTi clears risks and is more user-friendly. Rain Day Fund can recover transaction slippage and serve as a continuous source of funds, which improves the protocol's robustness against market fluctuations. TiTi Protocol's new Use-to-Earn token economic design will maximize the benefits of DeFi users and realize the interoperability of decentralized stablecoins with other DeFi projects, bringing new solutions to the DeFi and Web3 ecology .

For more information on project progress and other information, see the officialtelegraph、Discord /Twitter 、 MeidumandDocs。