Wrapped Tangent Stablecoins

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General concepts​

Wrapped Tangent Stablecoins (WTSs) are a financial engineering tool that allows the system to earn from its liquidity pools’ counterparties, transforming them into profitable pieces of the system. Each WTS is 100% backed by its corresponding stablecoin, and can be minted and redeemed at a hard 1:1 rate at any time. All WTSs’ underlying stablecoins are deposited into their respective savings account. USG is then paired against WTSs in its stablepools, instead of raw stablecoins. This method allows for USG to be effectively paired against other stablecoins, while the system can extract the yield of each counterparty stablecoin’s savings account. WTSs are a tool that makes USG pools profitable for the system.

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Financial flows​

The figure below shows the financial flows for a given WTS.

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WTSs list​

Below is a list of the WTSs that Tangent plans to support in the near future.