TrueUSD (TUSD) New Farming Pools Now Live on Megaton Finance
TrueUSD (TUSD), the world’s most transparent stablecoin, has announced the launch of new farming pools on Megaton Finance, the leading decentralized exchange (DEX) on the TON blockchain. This move aims to expand the yield farming opportunities available to users and enhance the ecosystem’s liquidity. The newly introduced TUSD pools on Megaton Finance include oTUSD + oETH and oTUSD + wTON. These pools offer users the chance to stake their oTUSD tokens and earn attractive yields.
To participate in the TUSD farming pools on Megaton Finance, users need to first prepare their ERC20TUSD and proceed to the Orbit Chain bridge. By connecting their wallet, they can convert their ERC20TUSD to oTUSD. Once the conversion is complete, users can connect their Ton wallet to receive the new oTUSD tokens. With their oTUSD in hand, users are now ready to stake their tokens on Megaton Finance and start earning rewards.
1/👐TUSD new farming pools are NOW live on @Megaton_Fi.
🟢oTUSD + oETH
🟢oTUSD + wTON
📰Megaton represents the biggest #DEX on the @ton_blockchain.
👇Click here to learn more about it:https://t.co/BzQj04w0ww pic.twitter.com/kduhbcD3lD
— TrueUSD (@tusdio) June 9, 2023
Expanding the DeFi Landscape and Driving Innovation
TrueUSD, the digital asset behind the TUSD stablecoin, was the first USD stablecoin to be operated by a regulated entity. It has gained widespread adoption, being listed on over 100 trading platforms, including major exchanges like Binance and Huobi. TrueUSD is live on more than 10 mainstream public chains, such as Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon.
One key feature that sets TrueUSD apart is its live on-chain attestations by independent third-party institutions. These attestations ensure that TrueUSD is backed 1:1 with USD, providing users with confidence in its stability and value. The Network Firm LLP, an independent accounting firm in the U.S., continuously attests to the real-time 1:1 ratio of TrueUSD’s USD reserve to its circulating token supply and the 100% collateral rate.
Megaton Finance, on the other hand, is the first autonomous financial protocol on the TON network. It offers a range of yield farming opportunities, including swaps and yield farms, providing users with various ways to earn rewards. With the recent addition of TON (Toncoin) to its platform, previously unavailable on the TON Network, Megaton Finance continues to expand its offerings and increase accessibility.
Megaton Finance operates as an Automated Market Maker (AMM) DEX, which is a popular business model in the DeFi ecosystem. The platform leverages the unique characteristics of the TON network and aims to become the gateway to Web3 through ongoing upgrades and integration with Telegram.
With the launch of the new farming pools for TrueUSD on Megaton Finance, users can now participate in yield farming and earn attractive rewards by staking their oTUSD tokens. As the largest DEX on the TON blockchain, Megaton Finance continues to play a vital role in expanding the DeFi landscape and driving innovation within the cryptocurrency industry.