Welcome to the second Weekly Update of this month. It has been a while that we launched our fractional-algorithmic stablecoin, “KUSD”, which is primarily used on Dopple Finance and Twindex. You guys might like to have updated information about how will it expand to the larger market. Hence, this article will mainly focus on 2 topics. Firstly, “KUSD” and how it will thrive in the future. Secondly, TWX emission rate and Meta LPs on Twindex.
Let’s read and find out.
Dopple Finance Got Chainlink On the Rise Winners
During the past month, Dopple Finance team was participating in an event called “Chainlink Fall Hackathon 2021” with an aim to draw attention from strategic partners and investors. We are proud to present our project, Universal USD (UUSD), which is designed to solve problems that are generally found in stablecoins nowadays including transparency, capital efficiency, and stability.
Universal USD is a fraction-algorithmic stablecoin that uses native token and stablecoin to collateralize its value to mint on any Blockchain.
That was a good start to promote our solution on a larger scale. We are now ready to present Universal USD as “Software-as-a-Service” (SaaS)
Find more information at https://devpost.com/software/universal-usd
An Official Partnership with Lucky Lion
We are excited to announce our new partnership with Lucky Lion, a GameFi built on BSC, which allows users to play next-gen iGaming to win daily prizes and stake LUCKY tokens in revenue sharing pool. Additionally, users can earn exclusive collectible NFTs, or purchase them via marketplaces.
With this partnership, KUSD will be available on Lucky Lion as a credit to play over 60+ games from December 15th, 2021.
Please feel free to visit https://www.luckylion.io/ to get more information about Lucky Lion.
Documentation — https://docs.luckylion.io/
Twitter — https://twitter.com/LuckyLionGameFi
Telegram — https://t.me/LuckyLionCommu
Special Announcement — TWX Emission Rate Adjustment & Meta LPs
Regarding to our previous actions toward sustainable development (which boosted the emission rate to 15 TWX per block), the number of TXW in the ecosystem is almost reached our target number.
Since the past October, our team has conducted a study on an appropriate amount of TWX and monitored it closely. We found that the appropriate number of TWX in the ecosystem is at 77 million in order to operate Twindex in the most efficient manner. This number was computed from prospective users, number of transactions, and the total value of each liquidity pool.
Accordingly, we decided to control the total supply of TWX by stopping emitting TWX as rewards for providing liquidity on Twindex. This action will be effective on December 22, 2021, 1 PM UTC in perpetuity. However, users can still provide liquidity on Twindex to get a share of fee as usual.
In addition, we would like to introduce our new solution, Meta LPs, which is designed to overcome obstacles that Twindex is facing such as price impact and the number of available tAssets.
Technically, Meta LPs are the simulated liquidity that generated by KUSD and tAssets which are minted from Meta Function (TWX and DOPX will not involve in this process.) After Meta LPs are generated, LP token of Meta LPs will be sent to burn address and these liquidities cannot be removed in perpetuity.
With this mechanism, all users will be eligible to trade more variety of tAssets with negligible price impact. Twindex will become a true place to trade synthetic assets.
Dopple Finance x PrivacySwap — The PrivacyCards
In partnership with PrivacySwap, we bring to you the crypto debit card that allows you to purchase everything with your digital assets seamlessly. Our partner has much progress and will be able to reveal more details to you soon. The registration of your interest is still opening, register now — https://forms.gle/8PVsmWC5ryBqW2fm6
Until next week!
Dopple and Twindex Team