After much anticipation, the TiTi Protocol has finally launched on the Ethereum Mainnet. This innovative protocol has been making waves in the blockchain and cryptocurrency community due to its unique approach to decentralized finance (DeFi) and digital assets. In addition to its mainnet launch, the TiTi Protocol has also unveiled its decentralized stablecoin, TiUSD, which is set to boost the protocol’s growth and dominance.
TiTi Protocol Launches On Ethereum Mainnet
The TiTi Protocol is an innovative blockchain solution designed to optimize the benefits of DeFi by offering a decentralized stablecoin that is both secure and transparent. By leveraging the unique potential of Ethereum’s robust blockchain infrastructure, TiTi Protocol aims to address some of the fundamental challenges faced by the traditional finance sector, such as slow transactions, high costs, and limited accessibility.
The launch of the TiTi Protocol on the Ethereum mainnet signals a new era in decentralized finance. It’s a platform that enables seamless and efficient transactions and ensures optimal security and transparency, empowering users to take full control of their assets.
In accordance with the tokenomics model of TiTi, half of the $TiTi tokens are allocated as rewards to community members. These tokens are disseminated to users in the community over long-standing Epoch cycles, among other methodologies. With the launch of the TiTi mainnet, there will be a 28-day Yield Farming Rewards Epoch cycle. In every Epoch cycle, the protocol governance token, $TiTi, will be distributed to protocol users as incentives through various strategies.
As many as 2 million $TiTi tokens will be up for grabs as rewards in the first Epoch. However, the reward ratio varies for each farming strategy. Therefore, users need to select a strategy that yields higher returns based on the APY level. Concurrently, users have the ability to conduct TiTi-TiUSD transactions on UniswapV2.
TiTi Introduces Exclusive Rewards For TiUSD Buyers
The TiTi Protocol plans to distribute a total of 2 million TiTi Tokens as rewards from the Community Incentives pool during the first Epoch of the mainnet launch, lasting for a month from May 16th to June 13th. The distribution strategy and ratio are as follows:
- 15% (300,000 $TiTi) will be given to TiTi-MMF users, and the same amount will be rewarded to those staking single-sided USDC liquidity in TiTi-AMM. Rewards will be distributed linearly and can be claimed anytime.
- 30% (600,000 $TiTi) will go to LP Mining users, while the same amount is set aside for TiTi/TiUSD UniV2 Liquidity Providers. Rewards will be distributed linearly and can be claimed anytime.
- 15% (300,000 $TiTi) will be shared among Use-to-Earn users. The TiTi Protocol plans to distribute 150,000 TiUSD to buyers at TiTi-AMMs based on their daily TiUSD buying volume and 50,000 to TiTi Buyers at UniV2 TiTi-TiUSD pair according to their daily TiTi buying volume. Both sets of rewards will be calculated and distributed every 24 hours.
- 40% (800,000 $TiTi) will be distributed to TiTi Staking users. The minimum required staking amount is 1 $TiTi. These rewards will be calculated and distributed every seven days and automatically compounded to the users’ Staking Position.
It’s important to note that some rewards, such as those for Use-to-Earn users and TiUSD holders, follow a 7-day cycle and can be claimed any time after the cycle ends. Any unclaimed TiTi Rewards for past cycles will be automatically accumulated.
The protocol has secured an investment of $3.5 million from high-profile investors and has undergone three rounds of smart contract auditing by Slowmist, Hacken, and Peckshield.