What is Aqua Protocol?(AquaUSD): Liquidity Layer on the TON Blockchain

Bittime - Aqua Protocol is one of the crucial liquidity layers in the TON blockchain. By leveraging multiple collateral sources, such as tokens from liquid staking protocols, low-risk LP tokens, and real-world assets (RWA), Aqua Protocol issues AquaUSD, a stablecoin backed by over 200% collateral.

This innovation opens the door to a variety of DeFi strategies, including providing liquidity on decentralized exchanges (DEXs) with stable pairs like USDT/AquaUSD, trading and providing liquidity on platforms like Storm Trade, engaging in lending and credit through EVAA, and facilitating payments, among other use cases.

Why Choose AquaUSD When USDT Already Exists?

While USDT is widely used, Aqua Protocol differentiates itself through its commitment to decentralization and censorship resistance. Unlike USDT which is controlled by Tether, Aqua Protocol democratizes the issuance process, allowing for broader participation in DeFi on the TON blockchain. 

This approach not only promotes financial freedom but also encourages more users to explore DeFi, beyond simply holding or staking their crypto assets.

Aqua Protocol is an integral part of TON’s DeFi infrastructure, simplifying one-click strategy implementation for users who may find DeFi complicated. It serves as an alternative to centralized stablecoins like USDT, USDC, and DAI, offering a diversified option for storing funds in stablecoins.

Aqua Protocol Benefits and Use Cases

For AquaUSD holders, Aqua Protocol provides a powerful alternative to stablecoin storage, complementing existing options. Minting AquaUSD through the protocol opens up additional earning opportunities. 

Users can leverage assets like TON, staked TON, and LP tokens to participate in a variety of DeFi activities such as farming, liquidity provision, trading, and even cash exchanges - all without selling their TON holdings.

Aqua Protocol’s ideal user is someone who wants to grow their TON holdings through DeFi investments, maximizing the potential offered by the TON ecosystem. This is in line with the protocol’s goal of increasing TON liquidity and expanding the DeFi opportunities available to its users.

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Aqua Protocol in the DeFi Landscape

Aqua Protocol’s approach to decentralization and censorship resistance sets a new standard in the DeFi landscape. By offering a stablecoin backed by substantial collateral and supporting a variety of other DeFi activities, it strengthens the TON ecosystem and provides users with a safe and transparent financial alternative. 

The protocol’s emphasis on democratized participation and financial freedom underscores its potential to become a fundamental component of DeFi on TON.

How To Buy Crypto With Bittime

You can buy and sell crypto assets easily and safely through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor the price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.