What is TProtocol?
TProtocol is the next generation DeFi infrastructure. The vision of TProtocol is to solve the DeFi yield crisis by bringing fully DeFi composable Treasury to blockchain.
Why TProtocol?
With a 5%* risk-free yield on-chain, the demand for T-Bill tokens increases significantly. TProtocol fills the gap and increases the base yield of DeFi.
How do I interact with TProtocol?
There are 3 main ways to interact with TProtocol: - Deposit $USDC to mint $TBT and enjoy the 5%* high risk-free yield. - Provide liquidity for $TBT on Curve.fi - Stake $TBT-3CRV LP to get liquidity farming reward in $TPS
What are the fees of TProtocol
There are 3 types of fees: - Minting cost: when users deposit $USDC to get $TBT (T-Bill backed token), TProtocol charges a 10 bps fee; - Redemption fee: when users redeem their $TBT for $USDC, TProtocols charges 30 bps in total. 10bps is charged to pay our T-Bill supplier. 20 bps is charged as protocol fee; - Management fee: TProtocol charges an annualized 10 bps management fee on the TVL of $TBT. The management fee will be directly subtracted from the original APR. For instance, if the underlying T-Bill pays 5.5% APR, the user will get 5.4% APR instead.
How do I know my funds are safe?
TRANSPARENCY THIRD-PARTY REPORT A third-party firm will keep track of the portfolio holdings of our T-Bill supplier to make sure the funds are used to purchase the corresponding T-Bill in real-time. SEPARATE LEGAL ENTITY An SPV (Special Purpose Vehicle) will be registered to solely conduct T-Bill trading activities. The SPV has no debt liability to the ceDeFi institution.