[Grant Application] CGA#29 - TiTi Protocol

Summary:

TiTi Protocol is a brand new algorithmic stablecoin project that integrates Monopoly-AMM and Multi-Asset Reserve mechanism.

Summary of Grant Applicant:

Anonymous
Twitter: https://twitter.com/TiTiProtocol

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.

Project Details:

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.

Post-Grant Plans:

After receiving funding, they will accelerate their development progress and launch their testnet products in Q3 2021.

Requested Grant Size:

$50k

Relevant Links:

Website: https://titi.finance
Whitepaper: DocSend
Deck: DocSend
Github: GitHub - TiTi-Finance/TiTi-Protocol: A Multi-Assets Reserve Stablecoin Based on Decentralized Monopoly-AMM