👉Introduction: TensorUSD

TensorUSD is an algorithmic stablecoin secured by DMM (Decentralized Market Making) protocol on Bittensor blockchain. Ticker is $TUSDT, redeemable 1:1 for US Dollar. It is always protocol-level overcollateralized for pegging purposes.

Features of TensorUSD ($TUSDT)

• Stablecoin of Bittensor: $TUSDT uses Bittensor for subnet architecture to maintain its pegging to $1 value.

• Algorithmic Stablecoin: The pegging to $1 is regulated algorithmically through 3-token system, also called Trinity Token ($TUSDT, $TAO and Subnet Alpha Token).

• Game Theory of DMM: TensorUSD uses Decentralized Market Making (DMM) protocol to operate the pegging mechanism with miners and validators. Compete and contribute more to maintain the pegging, that will generate more reward.

• No bank-run, No Death Spiral: $TUSDT is an algorithmic stablecoin, yet 100% protected from bank-run or death spiral. Autonomous circuit-breakers, circuit-recovery implemented on DMM protocol.

• Real-time Audited: TensorUSD keeps user deposited $TAO securely on Protocol Level Liquidity Pool (PLLP). Audited real-time.

• Forever Stability: Users are guaranteed $1 value of $TUSDT forever. Liquidation oracles keeps CR > LR all the time.

• Solves Capital Fight from TAO: During harsh volatile period, users are currently required to sell TAO to buy USDT or USDC through CEX, DEX or Bridges. TUSDT solves this capital flight problem of $TAO.

• DeFi, Liquidity, Lending, Borrowing: TensorUSD keeps the liquidity of $TAO ecosystem within Bittensor to power up DeFi activities. Even TAO maximalists are enabled to pile up TAO (or particular Subnet Token) position through TUSDT lending/borrowing.