What is Aqua Protocol? š
Aqua Protocol represents a significant liquidity layer within the TON ecosystem. By collateralizing tokens from liquid staking protocols, low-risk LP tokens, and RWA, Aqua Protocol issues its own stablecoin AquaUSD, backed by over 200% collateral. Aqua Protocol serves as an entry point to various DeFi strategies, including providing liquidity on stable pairs in DEX, such as USDT/AquaUSD, participating in trading and liquidity provision on Storm Trade, loans and credits in EVAA, payments, and much more.
Why Another Stablecoin on TON, When We Already Have Official USDT?
While there is an official USDT, Aqua Protocol embodies decentralization and censorship resistance. Unlike USDT, controlled solely by Tether, Aqua Protocol democratizes minting and earning opportunities for everyone. It's a decentralized alternative, promoting financial freedom and wider participation in DEFI on TON.
USDT brings more newcomers to crypto, and gradually, we convert them into DEFI users, for whom just holding coins in a wallet or staking is not enough. AQUA Protocol is part of the basic infrastructure of DEFI, based on which one-click strategies can be implemented for users who find DEFI challenging.
Why Do Users Need Aqua Protocol and What Is It For?
For AquaUSD holders, Aqua Protocol offers an alternative for storing funds in stablecoins, complementing USDT. After all, no crypto fund holds all its stablecoins only in USDT, USDC, or DAI.
And for those who mint AquaUSD, the protocol opens up additional earning opportunities. By utilizing assets such as TON, staked TON, LP tokens, users can engage in various DeFi activities ā from farming and providing liquidity to trading and exchanging for cash, all without actually selling their TON. The ideal miner in Aqua Protocol is a user who aims to increase the amount of TON in their portfolio by investing in DeFi and maximizing the opportunities offered by the DeFi ecosystem on TON.
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