Proposal Details

TiTi Protocol is a brand new algorithmic stablecoin project that integrates Monopoly-AMM and Multi-Asset Reserve mechanism. We propose and realize a new and more elegant paradigm of algorithmic stablecoin design: creating a stablecoin primary market by designing a monopolistic market maker and dynamically adjusting market circulation through the innovative market-making strategy, ReOrders. We believe that such a mechanism design makes TiTi Protocol more stable and efficient than competing products such as Basis Cash, AMPL and FEI. Our team have greatly increased the upper limit of issuance scale by introducing the Multi-Asset Reserve mechanism. Besides, the new paradigm enhances the protocol's resistance capability to volatility risk.