Proposal - Add TUSD market


We propose to add the stablecoin TrueUSD (ticker TUSD) market to the Strike protocol.


With the recent gradual depreciation of BUSD market, we are in need of new source of stable coin liquidity and TUSD has proven to be one of the strongest stable coins in the industry. It’s the top candidate in terms of market value and safety assessment after USDC, USDT and DAI which are already listed in Strike markets.

About TrueUSD

Token name: TrueUSD

Symbol: TUSD

Market Cap: $3,158,134,116

24h Volume: $685,825,402

Etherscan address: 0x0000000000085d4780B73119b644AE5ecd22b376

TUSD supply on Ethereum: $716,205,766

Maturity Launched: 1/3/18

TrueUSD (TUSD) is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance, Kucoin, Huobi Global, and is live on ten mainstream public chains including Ethereum, TRON, Polygon, Avalanche, BSC, Fantom and Cronos, with its total supply of over 3.1 billion and 685M trading volume as of writing time.

TrueUSD is audited real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website at any time.

CMC top stable coins list
Cointelegram article
ChainLink Oracle

TUSD market specification

We will have to practice a gradual approach in listing of TUSD market to verify the effectiveness of this market. As the supply & borrow demand increase, we can revise the market parameters again later.

Here are the initial parameters of listing:

Underlying asset TUSD : 0x0000000000085d4780B73119b644AE5ecd22b376
CollateralFactor : 60%
ReserveFactor : 20%

STRK reward distribution

  • Supply : 9 STRK / day
  • Borrow : 21 STRK / day

Interest Model: JumpRateModel

Parameter Value Percentage
baseRatePerYear 0 0%
multiplierPerYear 200000000000000000 20%
jumpMultiplierPerYear 1000000000000000000 100%
kink 600000000000000000 60%

Price Oracle : ChainLink Oracle

Looks great!
Why doesn’t Strike bring more stable coins like USDP or LUSD?
They have great potential to grow markets too.
I don’t think TUSD won’t reach to BUSD power because BUSD was big 10 times than TUSD.
So Strike must bering more stable coin markets.
What do you think?

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