Introduction
Hello Compound community,
Our Comet integration is live on Arbitrum and Torque USD becomes the first stablecoin built directly on an interest rate protocol (at least in this fashion from my best understanding). Generally, Torque facilitates seamless, non-custodial wealth generation for global savers and accomplishes such through automated routes. The point is all about enabling a convenient user experience via accelerated interactions.
Here’s a quick demonstration and transaction for reference.
System Design
Borrowers enjoy powerful capital efficiency as Torque multiplies the effect of deposited collateral. Borrow rates need not to be lower than the yield we provide access to through Boost for Torque to be a helpful saving tool, but when they are, our automation presents unseen opportunity in consumer finance.
| Contract | Address |
|---|---|
| BTCBorrow | 0xa54413982C400C8E36Fbe2E95ce1B6979dcC4754 |
| ETHBorrow | 0xBbcb32042CEF6De36A18843574ceF84fbc6547FF |
| TUSDEngine | 0x867bF0476655Cf05934869B449a0be0ED534eA60 |
| Torque USD | 0xf7F6718Cf69967203740cCb431F6bDBff1E0FB68 |
Disclaimer
Torque’s code is open-source and yet to be audited. If you’d like to try Borrow now, please use an insignificant amount. We’re arranging the budget for initial audits and have received a handful of quotes, including for live monitoring. This is not financial advice and we’re grateful for any support in this area.
Conclusion
It’s an honor to stand on the shoulders of a giant such as Compound. I’m very much interested to hear your feedback, answer Qs, and look forward to exploring further collaboration. Stay tuned for our total release in due time and many thanks to the community/CGP 2.0 for supporting in our formative days.
– Cameron Conrad, Founder