Hello, Compound community，
Thank you! With the support of the community, TrueUSD has been added as a new market in Compound after gaining 100% support in the recent vote.
It has been a while since TUSD was added to Compound Finance and performed well as a new market. The circulation and active address number have increased dramatically in the last two months with billions of dollars in monthly transaction volume. Recently, we integrated Signet by Signature Bank as a new banking partner, providing additional real-time settlement options for TUSD users and holders.
Now is an excellent time to update TUSD market parameters and make TUSD a more desirable vehicle for financial opportunity on Compound which also makes Compound an attractive Defi option for the growing TUSD community. Diversifying the portfolios and market shares of stable coins on Compound will provide the Compound community more options to park and secure their assets. As the first independently verified and live attested digital asset redeemable 1-for-1 for US Dollars, TUSD represents the best fit candidate for a diversified stable coin portfolio.
TrueUSD would like to propose the following update:
1） Improve the TUSD collateral rate to 75%
2） Distribute COMP rewards to TUSD market participants.
We are planning the following parameters. Please make a comment and share your opinion with us.
Update COMP speed for TUSD, USDC, USDT, DAI markets
Calculated by the COMP distributed per day, it is 115 for TUSD, USDT market and 827 for USDC, DAI market.
We hope to hear from you and would love to provide any additional support or resource that could facilitate the execution of the proposal.
If you like to know more about TUSD, you can find us here
Telegram EN: Telegram: Contact @TUSDofficial_EN
Telegram CN: [Telegram: Contact @TUSDofficial_CN