TiTi Protocol is a brand new algorithmic stablecoin project that integrates Monopoly-AMM and Multi-Asset Reserve mechanism.
Summary of Grant Applicant:
They propose and realize a new and more elegant paradigm of algorithmic stablecoin design: creating a stablecoin primary market by designing a monopolistic market maker and dynamically adjusting market circulation through the innovative market-making strategy, ReOrders. We believe that such a mechanism design makes TiTi Protocol more stable and efficient than competing products such as Basis Cash, AMPL and FEI.
TiTi proposes to introduce CRV as a reserve asset backing their stablecoin.
Grant funds will be used to optimize their front-end interface and samrt contract code audit.
After receiving funding, they will accelerate their development progress and launch their testnet products in Q3 2021.
Requested Grant Size:
Github: GitHub - TiTi-Finance/TiTi-Protocol: A Multi-Assets Reserve Stablecoin Based on Decentralized Monopoly-AMM