#TProtocol Archives - Smart Liquidity Research

T Protocol Introduces USTP

Mische Martinete — Fri, 06 Oct 2023 09:38:19 +0000

T Protocol introduces USTP! Meet USTP – The Platform That Unleashes the Power of Stable DeFi Investments.

Revolutionizing DeFi with USTP: The Stablecoin of the Future

In a rapidly changing DeFi landscape, stability is a highly sought-after commodity, but not often found. That is, until now. T Protocol is excited to announce its newest upgrade – the introduction of USTP – a groundbreaking stablecoin that is backed by the US Treasury yield. With unparalleled stability, USTP is opening up new and exciting possibilities in the on-chain world.

USTP: A Dependable and Secure Investment Option

USTP is a specially designed investment avenue that offers reliability and security to its investors. By utilizing the backing of US Treasury yield, USTP reduces volatility and provides users with a stable foundation for their investments, ensuring peace of mind.

Rebasing USTP (rUSTP): The Perfect Choice for Investors Seeking a Stablecoin Yield

rUSTP, formerly known as TBT, is a stablecoin that is perfect for investors looking to earn extra yield without any effort. Pegged at $1, rUSTP pays out yield automatically over time. Through regular “rebasing” mechanisms, investors’ rUSTP holdings will grow as they earn interest. This guarantees that investors can benefit from stability while also taking advantage of a hassle-free yield opportunity for their portfolio.

Interest-Bearing USTP (iUSTP): Introducing the New and Improved USTP – The Stablecoin with a Twist

Previously known as wTBT, USTP now offers an exciting opportunity for investors. Unlike traditional stablecoins, iUSTP’s value consistently appreciates over time, making it an ideal choice for those seeking secure asset growth. Additionally, it’s DeFi composable, which allows users to earn enhanced yields by participating in various protocols.

Introducing a new variant of USTP: a trustworthy USDC alternative. This non-interest-bearing, non-rebasing token maintains a 1:1 peg to USDC and has a collateralization rate of 101%. For those who prioritize stability and simplicity in their investments, standard USTP offers users a dependable and consistent value. What distinguishes it from other stablecoins like USDC is that all reserves will be completely verifiable on-chain. This added layer of transparency will provide holders with greater insight into the token’s value.

Unlocking DeFi’s Full Potential with USTP

The introduction of USTP has opened up a world of possibilities for decentralized finance. Its composable structure allows for easy integration with other protocols and decentralized apps, providing developers and users with new opportunities for financial innovation and growth.

USTP: Bridging the Gap Between RWA and Cryptocurrency Investment

USTP is leading the charge in a new age of RWA-backed cryptocurrency investments by blending the stability of US Treasury yield with DeFi composability. Whether you’re a newcomer or a seasoned investor in the DeFi market, USTP provides a dependable and secure foundation for your financial goals.

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Thala Labs Joining Hands with TProtocol

Eris — Wed, 03 May 2023 15:36:32 +0000

Thala Labs has partnered with TProtocol and bringing RWAs to Aptos. TProtocol is the first DeFi composable LSD solution for stablecoin. The Next Generation DeFi Infrastructure.

Thala’s primary goal for $MOD collateral is to onboard assets that are:

Uncorrelated (to each other)
Highly liquid (off or on chain)
Yield bearing

Thala for now is Aptos-native, but given advancements in bridging infrastructure, they look across the entire DeFi ecosystem for new assets to add as collateral. Liquid staking derivatives, such as tAPT, are liquid and yield-bearing and are great additions; however, they are, by definition, correlated to the movements of the “major” coins.

US short-term treasury bills are effectively 0-risk high-yielding assets and are deeply liquid. This should make them prime collateral assets for borrowing recursively to lever up on the risk-free yield. However, borrowing against T-bills isn’t available to the majority of brokerage customers as traditional loan origination costs are expensive — typically most firms charge retail above the T-bill yield rate to borrow against them.

Loans in traditional finance have overhead, high variable costs, and are expensive to underwrite and manage. On-chain treasuries are freely tradable and naturally yield-bearing, allowing permissionless 24/7 access to the product. Smart contracts and blockchain technology facilitate this process at a competitive cost to existing solutions. Thala can enable users to deposit treasuries, borrow MOD against them, and purchase more treasuries.

Introducing TProtocol and $TBT

TProtocol is DeFi’s first permissionless T-bill protocol, bringing short-term U.S. Treasury securities yield into the DeFi ecosystem. Users can mint and redeem TBT at a 1:1 parity to USDC, excluding fees. TBT is a rebasing token, meaning that TBT quantity increases as yield is earned. wTBT is a yield-bearing, non-rebasing token that can be permissionlessly converted to its value in TBT.

The partnership will first focus on establishing ThalaSwap liquidity, then supporting wTBT over the next week as a collateral type for $MOD.

Pool details and Bridging

As wTBT is issued on Ethereum, users will need to bridge the token to Aptos through Wormhole’s bridge at https://www.portalbridge.com/. Please note that currently, only wTBT bridged from Ethereum will be supported on Thala for MOD collateral and incentivized LPs.

About Thala Labs

Thala Labs is a decentralized finance protocol powered by the Move language, enabling seamless borrowing of a decentralized, over-collateralized stablecoin in Move Dollar and capital-efficient liquidity provisioning via a rebalancing AMM on the Aptos blockchain.

Website | Twitter

About TProtocol

TProtocol is the first DeFi composable LSD solution for stablecoin in the DeFi ecosystem, which not only bridges the gap of lacking risk-free yield on-chain, but also creates an infrastructure for various DeFi protocols.

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SOURCE: MEDIUM

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VeSync Collaboration with TProtocol

Peter Chijioke — Wed, 19 Apr 2023 20:29:26 +0000

VeSync has announced collaboration with TProtocol, The first DeFi composable lsd solution for stablecoin the next generation of defi infrastructure.

Project Overview

TProtocol aims to address the lack of risk-free interest-paying instruments in the current DeFi system by providing interest-bearing tokens backed by the treasury. DeFi users can benefit from the mid-term interest rate gap between stables and the rising treasury. TProtocol will provide a solution so that DeFi users will no longer be underpaid even in a cooling crypto market.

TBT is a rebasing token that is fully backed by sTBT, a permissioned token issued by a multi-billion ceDeFi institution. sTBT is a rebasing token whose price is always $1 and is only available for high net worth individuals or institutions. TBT is permissionless and can be minted with USDC at a minting fee of 0.1%. The minting price of TBT is always $1, and users can redeem TBT for USDC with a redemption fee of 0.3%. TBT can be converted to wTBT, a non-rebasing token that allows TProtocol to be integrated into existing DeFi protocols that do not support rebasing tokens.

TProtocol handles the daily operations including trading, liquidity management, and risk management, and charges fees to cover interest rate costs and protocol fees. The redemption process takes 4 business days, and it is recommended to obtain liquidity from the secondary market instead of redemption.

Introducing TBT and sTBT

TBT is short for T-Bill token. TBT is fully backed by permissioned sTBT issued by a multi-billion ceDeFi institution. sTBT has the following properties:

It is a rebasing token whose price is always $1. Users’ holding amount will grow continuously as the interest from the treasury accrues.
Its rebasing happens once a day at 6pm HKT for every workday.
It is not permissionless. Only KYCed high net worth individuals or institutions are able to purchase.
It is issued on ETH mainnet.
This ceDeFi institution handles the daily operations of T-Bill including trading, liquidity management and risk management.
The T-Bill business of this ceDeFi institution is operated under an independent SPV. So even if the ceDeFi institution faces a liquidity problem, the T-Bill business will remain intact.

Below are the basic properties of our TBT token:

It is a rebasing token.
It is permissionless.
Users can mint TBT with USDC. The minting price will always be $1, if fees are excluded.
Users can redeem TBT for USDC. The redemption price will always be $1, if fees are excluded.

Introducing wTBT

wTBT is a non-rebasing token that can be converted to TBT or the other way around. Below are the basic properties of our wTBT token:

It is a non-rebasing token. So the amount will not increase, but its price will increase over time.
wTBT and TBT can be converted into each other without any fees. They are equivalent mathematically.
It is permissionless.

The purpose of wTBT is to enable TProtocol to be incorporated into existing DeFi protocols as most of the DeFi protocols do not support rebasing tokens.

About TProtocol

TProtocol is the first DeFi native protocol that uses T-Bill as its underlying asset, providing DeFi-composable on-chain T-Bill tokens to meet the demand of risk-free real yield in the DeFi ecosystem.

Website | Twitter

About VeSync

veSync is a community-driven, ve(3,3) Decentralized Exchange (DEX) built on the zkSync network, providing a powerful and efficient platform for DeFi liquidity.

Website | Twitter

SOURCE

https://twitter.com/veSyncL2/status/1648540611748691968

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