TiTi：A visionary crypto-native stable coin
TiTi Protocol, a multi-asset reserve stablecoin based on decentralized Monopoly Auto Market Maker mechanism. TiTi servers as an intermediate component for overall defi ecosystem.
Why native asset reserve Stablecoin？
Huge potential. According to data from CMC the total market value of the cryptocurrency is almost $ 2 trillion, while the market value of the crypto stable coin is far less with a market value of $ 98.5 Billion. Since early 2020, the crypto market value is expanding rapidly and people are rushing into the crypto world. Accordingly, users’ demand for blockchain native stablecoin is rising rapidly. Hence, the native stable coin infrastructure for the crypto world will be the top priority in 2021 and years after.
Market opportunity. None of the current crypto-native stablecoin undertake the real resposibility of a stablecoin in cryptoworld. Although they do make significant contribution, so far, there has not yet been a truly phenomenal, large-scale applicable and crypto asset backed algorithm stable coins.
Where did TiTi come from?
The core of algorithmic stablecoins secured by reserve assets is that the market circulation of tokens needs always to ensure that they follow the actual market demand. Moreover, in the process of change, tokens can achieve an anchoring relationship with 1$, thereby enhancing the users’ sense of trust in it. Therefore, we have the most straightforward idea. One Protocol can issue stable assets at a price of no less than 1$ and repurchase stable assets at a price of no more than 1$. All or part of the funds obtained from the issuance or sale of assets will be sent to Protocol Reserve Value. The Protocol Reserve Value bears sufficient funds when users redeem or repurchase assets with issued stablecoin. Thus，the protocol can maintain the price at 1$ at any time to increase the user’s sense of trust in the Protocol. We designed a new type of elastic supply algorithmic stablecoin solution based on this understanding, the TITI Protocol, which is decentralized, issued by a monopoly-automatic-market-maker-system and secured by multi reserve assets. TITI is the stablecoin issued by the protocol.
The TiTi Mechanism
TITI-Protocol is a monopoly auto market maker that carries the function of adjusting the liquidity of the TiUSD market to permanently provides users with two-way orders for TiUSD bid and ask at 1$. We creatively designed and introduced Reorders, M-AMM, PAV and others. Please refer to details by reading our whitepaper.
●Monopoly Auto Market Maker System (M-AMM)
The core mechanism of TITI Protocol is to always use a specific price, assumed to be 1TiUSD/USDC, as the benchmark to provide the market with fully symmetrical two-way gradient buying and selling orders. M-AMM can always provide traders with bilateral quotations based on the market’s pre-judgment and reduce transaction slippage.
●Order book reshaping — ReOrders mechanism
The mechanism regularly reshapes the order book via established rules, keeping the price peg to 1$. We named the process of restoring the form of the order book the ReOrders mechanism.
●Protocol Reserve Value (PRV)
PRV guarantees that the protocol will always have sufficient funds to repurchase the TiUSD in users’ hands.
●Protocol Added Value (PAV)
PAV is the Protocol accumulated value as time goes by. PAV ensures that inflation and deflation will not affect the value of TiUSD in circulation.
●Market Maker Fund
We believe that instead of locking all the added value to prevent Protocol risks, it is better to transfer limited funds to mobilize unlimited funds to maximize and guarantee TiUSD users’ interest. Therefore, we designed the TiUSD Market Maker Fund mechanism to use the newly-added value of the Protocol as a source of profit to raise more market-making funds from the market and further reduce user trading slippage.
●Risk Reserve (Rainy Day Fund)
Part of PAV will be allocated to the Rainy Day Fund to deal with the possible future risks of the protocol. Risk Reserve will function as a stablizer when risk occurs. Risk Reserve will be managed through decentralized governance and be used only after the community on-chain governance.
TiUSD has the following features:
● TITI-Protocol adjusts market supply by deceting price deviation aggressively;
● The Protocol always has sufficient funds to repurchase TiUSD;
● The market circulation always reflects the users’ real demand;
● TiUSD’s inflation and deflation will not affect the value of TiUSD in circulation.
How will TiTi stand out?
TiTi Team
We’re crypto enthusiasts since 2016 , specializing in blockchain, especially defi, research. Our team consists of Senior Economist, full-stack & senior smart contract engineers, senior economic token scholars and defi research specialists. We have researched many pioneering aspects of the DeFi ecosystem. We have done a lot of defi trials in many fields, lending, index fund, defi derivatives and NFT exploring. We’ve learned all the way and will keep our pace, and the community has learned with us, how will DeFi change the future . We have now decide to step out with TiTi.
Road Map
We start from ethereum and will go deeper and wider in crypto world, because TiTi works as an intermediate component. It will be an necessary part in the future of open finance.TiTi Protocol is seeking development on all public chain and ecosystem, however our top priority is ethereum.
