Resonate Partners with OpenEden to Jumpstart Arbitrum’s RWA Engine: Grant-Funded Liquidity Program!
Exciting news for Real World Asset (RWA) enthusiasts and the Arbitrum community! We’re proud to announce the official launch of our TBILL liquidity program, fueled by a strategic grant from the Arbitrum DAO. This initiative leverages the power of Resonate, our innovative Interest Rate Swap protocol, to incentivize deposits into TBILL (Open Eden) pools on Arbitrum.
Why is this a game-changer?
Unlocking RWA Potential: Resonate empowers holders of tokenized assets like US Treasuries to earn upfront yield while maintaining principal protection. This incentivizes the flow of RWAs onto Arbitrum, fostering a vibrant on-chain ecosystem.
Sticky Liquidity: Deposits into Resonate pools are locked for a set duration, creating a reliable pool of liquidity on Arbitrum. This benefits the entire DeFi landscape, enabling smoother transactions and better price discovery.
Capital Efficiency Powerhouse: Resonate maximizes TVL (Total Value Locked) growth without requiring additional capital injection. Existing liquidity within TBILL pools can be leveraged, making the program incredibly cost-effective.
A Beacon for RWA Innovation: By attracting RWA projects and institutions, Arbitrum establishes itself as a leader in the RWA revolution. This grant signifies strong commitment and paves the way for future advancements in the space.
So what’s the deal?
OpenEden’s TBILL Token places you within the secure and stable world of U.S. Treasuries on the blockchain, all while generating a competitive 5% annual return.
Resonate, our yield-swaps protocol for real-world asset (RWA) yields, allows borrowers to repay their upfront yield payments automatically using the yield generated from the principle they lock as collateral.
As part of an effort to expand RWA tokenization on the Arbitrum Blockchain the Arbitrum Foundation has awarded the Resonate team with 75k $ARB to be passed to depositors in RWA specific vaults.This means that holders of Open Eden’s $TBILL can now earn additional $ARB rewards by taking advantage of Resonate’s upfront yield mechanism.
OpenEden’s $TBILL token will be used in this innovative system. Through Resonate, $TBILL depositors (Minimum $250,000 deposit) will have 12,500 total $ARB tokens made available to them biweekly over the 12 week rewards program duration, with rewards being airdropped every 2 weeks. Resonate will enable users to claim immediate yield on $15 million worth of capital (Vault Maximum), in one 28 day lock period.
While the principal remains locked for the chosen duration, the corresponding yield is released upfront. Moreover, the upfront yield offered will surpass what you could traditionally earn — without the wait!
1 Month TBILL Upfront: Earn 4.75% UPFRONT APR
On top of the Resonate premium from getting your yield upfront, the Variable $ARB Incentives from the LTIPP will range from 2.2% — 134% APR in $ARB tokens (airdropped to depositors/purchasers) on top of your $TBILL yield and upfront yield from Resonate.
TBILL Stability. Upfront Utility. Only on Arbitrum.
Stay tuned for more, Anon!
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