Given TUSD is launching natively on Avalanche, we should look to implement TUSD based pools so that it becomes a viable alternative to USDT based pools.
The summary of my proposal are as follows:
- Create TUSD based pools in Pangolin
- Incentivize these pools with PNG mining benefits so that we have liquidity in TUSD which is a good alternative to USDT
There are a few benefits:
- USDT has a lot of speculation associated with it
- USDT currently would require utilization of Avalanche - Ethereum bridge, which as we know due to the fees on the Ethereum side can be quite costly (particularly if a user does back & forth)
- TUSD seems to be a more reputable operator of stable coin infrastructure (prove me wrong if you don’t agree)