Smoothy Announces a Strategic Partnership with TrueUSD
Smoothy currently supports TrueUSD (TUSD) for swap and liquidity with low slippage. All users of TUSD are able to enjoy the benefits of Smoothy’s low fee, low-swap platform and access to swap directly to USDT, USDC, DAI, sUSD, BUSD, PAX, and GUSD.
For more information on how to become a liquidity provider, please see: https://smoothy-finance.medium.com/smoothy-finance-mining-tutorial-725296969447
We are excited to join forces with TrueUSD and explore more opportunities with them in the future.
About TrueUSD
TrueUSD (TUSD) is the first independently-verified digital asset redeemable 1-for-1 for US Dollars. The ERC20 stablecoin uses multiple banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.
TrueUSD (TUSD) is currently listed on over 70 exchanges, including but not limited to leading cryptocurrency exchanges Binance, Huobi, OKex, Poloniex, Bittrex, etc., and is supported by more than 20 OTC platforms including Cumberland Mining and the exchanges MXC and BiKi for Chinese Renminbi (RMB) OTC. TUSD use cases also include DeFi, being a popular token on DeFi platforms Curve, AAVE, SushiSwap, Uniswap etc., where users can stake and trade TUSD for stable yields through lending, mining, and trading.
TUSD also supports nearly instant minting and redemption speeds through the Silvergate Exchange Network (SEN) and PrimeX by PrimeTrust, and can serve as an on-ramp to your exchange from geographies where we handle the KYC, fiat transfer, and issuance.
TrueUSD users also enjoy direct-to-bank redemption through a memorable 5-character TUSD Redemption Address.
About Smoothy
Smoothy is a novel stablecoin swapping protocol that is capable of supporting 20+ stable coins in a single pool with low-cost low-slippage swapping and maximum interest earning for LPs.
Features of Smoothy:
1 Reduce the gas fee significantly by algorithm optimization
Even deployed on Ethereum, the gas fee required by stablecoin swap on Smoothy is reduced by 90% compared to Curve’s yPool and mStable after the algorithm optimization. It achieves a lower gas fee without using layer2 and ensures composability.
2 Single pool supporting multiple stablecoins with better liquidity
Unlike Curve, which supports up to 4 stablecoins in one pool, Smoothy can support multiple stablecoins in one single pool, and can flexibly add/remove any token. Theoretically, Smoothy can accommodate hundreds of different types of stablecoins in one pool (even algorithm stablecoin). This means that Smoothy will not suffer from the fragmented liquidity of multiple pools, enabling better liquidity.
3 Maximum LP reward
With reference to the bank’s reserve system, we designed a unique Dynamic Cash Reserve Algorithm, which dynamically allocates the majority of funds in the underlying interest-earning platform and the rest is reserved to meet daily swap needs. In other words, in addition to governance token earnings, liquidity providers can gain swap fees together with interest earning and lower gas fee.
4 Zero-slippage swapping algorithm
Smoothy develops a SmoothSwap algorithm that can guarantee 1:1 ratio swap most of the time if the percentage of the token in the pool is lower than soft weights; if not, a swap is still allowed by imposing a penalty fee as slippage.
Learn more about Smoothy: https://smoothy-finance.medium.com/smoothy-finance-single-pool-with-low-cost-zero-slippage-swapping-and-maximum-interest-earning-5ebf4b90569c
Website：https://smoothy.finance/
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Discord：https://discord.gg/8zFZXtx
Medium：https://smoothy-finance.medium.com/
