TruFin Staked MATIC (TRUMATIC)
The TruFin Protocol is designed to provide institutional-grade Web3 primitives, serving as the foundational building blocks for intricate digital asset strategies. These strategies aim to reduce risk, generate rewards, and maintain security on-chain. TruFin's offerings are tailored to enhance the functionality and accessibility of digital assets within the decentralized finance (DeFi) ecosystem.
The core components of the TruFin Protocol
The TruFin Protocol is structured around several key components that facilitate its primary objectives. These components are integral to delivering the protocol's promise of risk reduction, reward generation, and on-chain security.
| Ticker | TRUMATIC |
| Category | Polygon Ecosystem |
| Website | https://www.trufin.io/ |
| @TruFinProtocol | |
| Contract Addresses | |
|---|---|
| ethereum | 0xa4...ed Copied! |
| polygon-pos | 0xf3...a2Copied! |
TruStake: The MATIC staking vault
TruFin's inaugural product offering is TruStake, a MATIC staking vault that provides users with the ability to stake MATIC on the Ethereum network. This staking solution is designed to be user-friendly and efficient, allowing users to benefit from staking rewards without the complexities typically associated with staking processes.
Introduction to TruMATIC
When users deposit MATIC into the TruStake vault, they receive TruMATIC, a liquid staking token. TruMATIC is an ERC-20 token that mirrors the basic functionalities of MATIC. The process of receiving TruMATIC involves minting new tokens based on the exchange rate at the time of staking. As rewards from MATIC staking accrue, the value of TruMATIC appreciates relative to MATIC.
Functionalities of TruMATIC
TruMATIC is designed to offer users a range of functionalities, enhancing their staking experience and providing new opportunities within the DeFi space.
Self-custody and user control
TruMATIC is self-custodied, ensuring that holders maintain complete control over their tokens. This autonomy allows users to explore a variety of opportunities within the DeFi landscape while retaining ownership and management of their assets.
Targeted APY and auto-restaking
TruMATIC aims to deliver optimized staking rewards, targeting an annual percentage yield (APY) of approximately 5% or more. The protocol's auto-restaking feature compounds rewards, thereby enhancing the APY and maximizing returns for users over time.
DeFi interoperability
TruMATIC's token design facilitates seamless integration with numerous DeFi protocols. This interoperability extends across decentralized exchanges (DEXs), lending and borrowing platforms, and yield optimization protocols. As a result, users can leverage TruMATIC within a wide array of DeFi applications, enhancing liquidity and utility.
Liquidity provision and pools
The TruFin Protocol supports the establishment of MATIC<>TruMATIC liquidity pools on leading DEXs. These pools enable smooth liquidity provision, allowing users to efficiently enter or exit their TruMATIC positions. Liquidity pools play a crucial role in ensuring that users have the flexibility to manage their assets according to market conditions and personal strategies.