As Ethereum is increasingly expensive to interact with, some coins like TUSD or BUSD are suffering from being in lending pools which are expensive to interact with. As a result we are proposing to add a gauge for this TUSD Metapool.
TrueUSD (TUSD) is the first and only stablecoin fully collateralized by US Dollars and independently attested live on-chain. The ERC20 token uses multiple escrow accounts and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.
TUSD offers exceptional liquidity with billions in monthly trade volume, nearly instant minting and redemption speeds through SEN, liquidity across over 100 exchanges and OTC desks, deep integrations into DeFi, and reach to more than 120 countries using TUSD today.
Currently, Y pool needs around 800k for a swap, however, 150-200k is needed for Metapool, which means a swap in Y pool costs around $67, and in metapool costs ~14$.
According to the data from Coinmarketcap, TUSD’s daily volume reaches 100 million USD which means deeper liquidity can bring more benefit to users and institutions who trade with TUSD. Adding TUSD will also generate fees and incentives to the Curve protocol. Together we will expand the greater ecosystem and bring blockchain to people’s daily life.
Vote here (30% quorum required): https://dao.curve.fi/vote/ownership/40