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TukTuk Finance

DeFi ★ Rank #94 in DeFi

TukTuk Space’s Stable coin Farming ttUSD is an algorithmic stable coin that has an equivalent value of 1 USD. The composition between BUSD 90% and TUK 10% (TUK value at that moment) Then, it will be locked in Collateral Reserve and unlocked when it is redeemed. The mechanism of ttUSD is not to Burn/Mint Governance Token but to Lock it, then the Total Supply of Tuk remains the same.

About TukTuk Finance

TukTuk Space’s Stable coin Farming

ttUSD is an algorithmic stable coin that has an equivalent value of 1 USD. The composition between BUSD 90% and TUK 10% (TUK value at that moment)

Then, it will be locked in Collateral Reserve and unlocked when it is redeemed.

The mechanism of ttUSD is not to Burn/Mint Governance Token but to Lock it, then the Total Supply of Tuk remains the same.

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