TrueUSD and Balancer Offer Liquidity Providers TUSD and BAL Rewards From Stablecoin Pool Incentive Program
TrueUSD and Balancer Automated Market Maker partnered up with Polygon to offer liquidity providers with TUSD and BAL rewards from a stablecoin pool incentive program last November. The program incentivizes liquidity providers to add TUSD-DAI-USDC-In return for adding liquidity, providers will receive BAL, TUSD, and MATIC, an outstanding opportunity for liquidity providers to gain exposure to three different assets while providing liquidity to the ecosystem.
The market for stablecoins has exponentially evolved in the last year, with its value reaching nearly $200 billion. TUSD, the first regulated stablecoin fully backed by the US Dollar, independently verified on-chain, has earned trust from customers for its safety and transparency. Its market capitalization now totals nearly $1.
Balancer has also co-launched a Boosted Pool incentive program with the lending protocol Aave on its Ethereum version. Building on the liquidity incentive program between TrueUSD and Balancer, there is a high potential that the two will continue to seek other forms of collaboration in the future.
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