Introducing Telos $USDM Incentives!

We have got some exciting news to share with you! The Telos Foundation has been hard at work, crunching numbers and brainstorming, and has finally come to a groundbreaking decision: Telos will be utilizing Meridian Finance to bring you stable liquidity incentives for Telos EVM. That is right, Telos is gearing up to mint $USDM and distribute it out as rewards for selected platforms and protocols.

Now, you might be wondering, "What's the big deal?" Here is the breakdown:

🌟 Advantages of Using USDM for Incentives:

Stable and predictable yields can serve as fertile grounds for liquidity providers and yield farmers who would prefer to allocate their capital when the yield is stable and easier to forecast. Plus, stability attracts interest. Investors and protocol owners often show interest in receiving incentives in stablecoins because, let's face it, who doesn't love the value of stability?

But there is more, by offering rewards in a universally understood currency like $USDM, opening our doors to a whole new crowd of DeFi users who might not be familiar with Telos yet. It's all about expanding the community and showcasing the awesome benefits of the Telos Ecosystem to the world.

🚀  How It Works:

As this new reward system rolls out, the Telos Foundation will carefully choose a safe collateral ratio to mint $USDM. This newly minted $USDM will then be distributed in fixed amounts to incentivize web3 and DeFi participation. If you are familiar with Meridian then you should also know that redemptions are a part of the equation, this might seem concerning at first but do not worry, users who collateralize above the foundation tranches can enjoy a protective buffer from redemptions. This benefits the wider Meridian community, ensuring a solid foundation and a less volatile economy within the system. As mentioned before, rewards will be systematically creating opportunities for savvy arbitrageurs like you to make the most of market fluctuations and keep the system running smoothly as $USDM can easily be redeemed to TLOS, keeping the telos foundation $USDM debt in check and preventing any runaway growth.

Conclusion 

So, there you have it, TELOS $USDM Incentives are coming your way, and we couldn't be more excited. Get ready for a whole new level of rewards and stability in the Telos Ecosystem. Let's make some waves together!