TiTi & Stablecoin Series IV: Multi-Asset Reserves — the future trend.
Now we come at the most interesting subject, Multi-asset reserve. MAR is designed to enrich ecosystem diversity, resistant to volatile risks, and break down the ceiling for Stablecoin issuance as well as generating alpha yield.
Multi-asset reserve refers mainstream cryptocurrency，such as ETH, WBTC,USDC,DAI, etc.
Why Multi-Asset? The trend is here. Multi-Assets collaterlization is in heated discussion for MAKDERDAO. If everything goes on well, DAI will announce support for multiple asset collaterllization in the near future. So will many others DeFi projects.
TiTi is inherently born with the function supporting Mulit-Asset Reserves. Theoretically, any mainstream asset can be deem as target reserve for TiTi Protocol. It is only a matter of time.
With MAR, comes multiple M-AMMs. User are free to choose whatever they prefer to mint and redeem TiUSD, because, TiTi Protocol adopts global pricing from the system.
This innovation of TiTi Protocol lies in the active adjustment mechanism of the multi-asset reserve portfolio. Through the above three mechanisms, we have brought the system the possibility of expanding the multi-asset reserve, because as long as we are based on the reserve the type of asset can be expanded by setting multiple M-AMMs. Then we can make a fine collocation of the accepted reserve types, which not only reduces the single point of risk, but also captures excess returns, and at the same time increases the TiUSD’s The upper limit of the issuance scale, this part of the excess income will be allocated to the Rainy Day Fund to deal with the risk of the protocol.
We are also considering introducing a way of community governance by adjusting the number of various assets to deal with different market patterns. For example, when the market is in a bull market, we will increase the proportion of volatile assets such as ETH to capture more value , When in a bear market, we reduce the proportion of volatile assets and reduce the risk of the system.
To sum up, TiUSD is a multi asset reserve stable coin based on M-AMM, original Reorders, MMF and other modules. I will show our simulation and test In TiTi&Stablecoin Series V: Test & Simulation on TiTi Protocol .
