TiTi Protocol has announced a successful fundraising round of $3.5 million led by Spartan Group, with participation from SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Capital, Solidity Venture and other institutions, as well as other individual investors, including 0xb1 of Fold Finance, Tascha and Nipun of Alpha Venture DAO and Michael of Fantom. The project was incubated by Alpha Venture DAO. With this latest funding, TiTi Protocol aims to work with world-class investors to build the future of decentralized finance (DeFi).
TiTi Protocol is a fully decentralized, multi-asset reserve-backed, use-to-earn algorithmic stablecoin that aims to provide diversified DeFi services based on the crypto-native stablecoin system and autonomous monetary policy. Its unique design brings a new paradigm of algorithmic stablecoin solution to DeFi and Web3 that combines the multi-assets-reserve mechanism and the pegging mechanism of the ReOrders algorithm. By doing so, it aims to take over the torch of algorithmic stablecoins and bring a brand new solution to the DeFi and Web3 ecologies.
Spartan Group stated when asked why it invested in TiTi Protocol that algorithmic stablecoins are often prone to de-pegging risk and poor liquidity. TiTi Protocol provides a solution to this with its built-in, multi-asset automated market maker (AMM) to ensure that TiTi’s stablecoin, TiUSD, is fully collateralized and can be redeemed at any time. As an Alpha Venture DAO project, TiTi is backed by the strength of Alpha Finance’s ecosystem and is excited to support TiTi’s team to provide users with one of the first use-to-earn stablecoins in the space.
TiTi’s most unique feature is that it can improve algorithmic stablecoins’ liquidity and user adoption on the premise of ensuring stability. TiTi is based on a new stablecoin issuance paradigm that is impermanence-loss free and has triple-mining rewards due to its unique liquidity-rebalance algorithm. Stablecoin users need not to worry about their assets being liquidated. Liquidity providers don’t need to open a position for TiUSD when they would like to participate in liquidity mining. They only need to provide single-sided liquidity to TiTi AMMs, because the protocol will do the math and mint the equal value of TiUSD, thereby enhancing the liquidity of the stablecoin.
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TiTi Protocol’s new use-to-earn token economic design aims to boost algorithm stablecoin adoption and maximize the benefits for DeFi users, thus enabling the interoperability of algorithmic stablecoins with other DeFi projects. All of this is only possible due to the research and experimentation of TiTi Protocol’s team in DeFi — especially the algorithm stablecoin track — for several years.
Furthermore, TiTi Protocol is more than a stablecoin protocol, which is only the beginning. Its ultimate goal is to provide global users with diversified DeFi services based on the crypto-native stablecoin system and autonomous monetary policy.
About TiTi Protocol
TiTi Protocol aims to bring a new type of elastic supply-algorithm stablecoin solution to DeFi and Web3 that incorporates the multi-asset reserves mechanism. TiTi Protocol always monitors changes in the total value of reserve to calculate the average price of TiUSD in circulation and adjusts the market-making peg price of TiUSD in the primary market through the ReOrders algorithm.