TrueCurrencies now available on HaloDAO
Stay tuned to our Liquidity Mining Programme with TrustToken that will be happening on 1st November. HaloDAO will be supporting 3 TrueCurrencies namely TAUD, TCAD and TGBP. With the introduction of these new pools, we look forward to welcoming new Halonauts from the respective emerging local communities.
Click here to supply liquidity to our TrueCurrencies Pools and start earning xRNBW rewards!
Why TrueCurrencies?
With the growing usage of crypto products, there is a compelling need to localize trades and transfers. Individuals from non-US regions struggle to access the many Crypto innovations that exist due to the difficulty in on ramping their local fiat currency to USD denominated stablecoins. This inefficiency to onramp to the blockchain space is possibly restricting the global adoption of cryptocurrencies.
Therefore, it is unquestionable that TrueCurrencies serves as a crucial innovation for crypto users from non-USD regions. The integration of TrueCurrencies into HaloDAO’s AMM will facilitate efficient swaps between the different stablecoins therefore simplifying the user experience in accessing the crypto network.
HaloDAO believes that the future of crypto will necessarily require the rise of local stables emerging so that users can easily trade and access these innovations with a currency that acquires a sense of familiarity and security for them.
TrueCurrencies are now available in our AMM pool
Halonauts will now be able to swap their TrueCurrencies with various stablecoins including USDC, xSGD, and soon fxPHP.
The TrueCurrencies pools will each receive a total of 63750 xRNBW during this Epoch 3.
Stake your HLP (TAUD-USDC/ TCAD-USDC / TGBP-USDC) tokens and start earning xRNBW rewards through your local currency now! For more information on how to stake visit our gitbook here.
How do I mint TrueCurrencies?
Step 1: Visit https://app.trusttoken.com, create an account & complete the respective KYC requirement
Step 2: Select the desired TrueCurrency that you want to mint
Step 3: Wire transfer the amount to the respective escrow account
For more information on how to mint TrueCurrencies visit out gitbook here
How do I supply liquidity to the TrueCurrencies pools?
Step 1: Click https://app.halodao.com/#/pool to go to the Pool page
Step 2: Select the respective TrueCurrency pool and click add liquidity
Step 3: Enter the amount of liquidity you’d like to provide and choose the amount of slippage tolerance
Once the transaction is executed you will receive your HLP (TAUD-USDC/ TCAD-USDC / TGBP-USDC) tokens. You can now proceed to farm your LP tokens and earn your xRNBW rewards! For more information on how to farm visit our gitbook here.
About TrustToken
TrustToken builds modern financial infrastructure to make economic opportunities open to all. TrustToken’s TrueCurrencies (TUSD, TGBP, THKD, TCAD, TAUD) are the world’s first and only independently live-attested, fully collateralized stablecoins.
Collectively trading on over 100 exchanges and OTC desks, TrueCurrencies generate billions in monthly volume in +150 countries. Enjoy near instant transactions, the lowest transaction costs of any stablecoin, easy exchange between fiat, obsessive customer service and easy access to earning opportunities.
The TrueFi platform is pioneering a new approach to on-chain uncollateralized lending, letting TRU holders vote on borrowers and deal terms and creating more ways for users to generate returns in DeFi.
