Alpaca Finance and TrueUSD Partnership
Alpaca Finance has announced its partnership with TrueUSD. Both will work together to create more leveraged yield farming opportunities on $TUSD pairs in the very near future and to create even more earning opportunities for Alpaca users and TUSD holders.
TrueUSD will be deploying $20 million TUSD into Alpaca lending platform, as a vote of confidence and to ensure there is sufficient liquidity for their new pools.
- TUSD deposit lending pool
- ibTUSD staking for ALPACA rewards
- TUSD-BUSD — 4x max leverage with double-sided borrowing
- Borrowing TUSD to leveraged farm CAKE Syrup pool!
About TrueUSD
TrueUSD (TUSD) is the first independently-verified digital asset redeemable 1-for-1 in US Dollars, nearly instant minting, no fees, and direct-to-bank redemption. The multi-chain stablecoin uses various banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.
About Alpaca
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.
INFO:
https://medium.com/alpaca-finance/announcing-alpaca-finance-x-trueusd-partnership-ce60b9802755
