Introduction
Koala Money is a decentralized protocol built on TRON that enables users to deposit yield bearing assets in return for a loan that repays itself over time.
The loan is given to the user in a synthetic of the collateral token. This synthetic token, called kUSD, represents a fungible claim on any underlying collateral in the Koala platform.
Long term vision
At Koala Money, our long term vision consists in:
- Enabling users to leverage their yield bearing assets on TRON.
- Empowering kUSD, a synthetic token of USDD, as a stablecoin reference within the TRON ecosystem through multiple synergic partnerships.
- Building a strong community with KOALA tokens that benefits to USDD stability and TRON ecosystem.
Prototype
Deposit and borrow
Redeem kUSD into your collateral
Farm and earn KOALA tokens
Stake KOALA tokens and boost your debt cap
Roadmap
Q2 2022
- Ideation of Koala Money
- Koala Money design: brand identity and website
- Smart-contracts development
- Koala platform development
Q3 2022
- Launch of communication on Discord, Twitter and Medium
- Launch of Koala Money on Testnet (July 2022)
- Launch of Testnet program airdrop to incentive early community members
- Launch of Koala Money audit and bug bounty program
- Launch of Koala Money on Mainnet (September 2022)
Q4 2022
- Integration of kUSD into TRON ecosystem
- Development of governance module: providing decentralized voting and execution for KOALA holders
- Improvements of Koala Money UX
- Launch of new vaults (Other sun.io farming pools, jUSDD from Justlend…)
Q1 2023
- Launch of Koala Money on BSC and ETH
- Integration of KOALA tokens in BitTorrent bridge (TRON <-> BSC <-> ETH)
- Integration of kUSD into BSC and ETH ecosystem
- Launch of new synthetics: kTRX, kBTT, kBTC…
Marketing strategy
Dedicated to Web 3 community:
- Partnerships with TRON and DeFi influencers
- Launch of community programs: Testnet program airdrop and bug bounty program
- Development of partnerships with the TRON ecosystem (Sun, Justlend…)
- Development of partnerships with the ETH and BSC ecosystem (Ellipsis, Convex, Curve…)
- Launch of KOALA DAO to onboard the community members as decision-makers.
Dedicated to ‘traditional/institutional’ industry:
Koala is a friendly way to get exposure to crypto assets for beginners. They can deposit low-risk assets (USDD stablecoin) to get a self-repaying loan and invest this loan in volatile crypto assets like BTC, ETH, TRX... This way, they can create a lossless investment strategy as their initial investment (USDD) should be safe and their loan gets repaid over time.
Which values the project brings to Tron ecosystem and/or to BitTorrent Chain?
Koala Money encourages users to provide deep liquidity to USDD-based pools, enabling frictionless transfer of value, resulting in minimal price impact on the USDD token.
Koala Money enables users to leverage their yield bearing positions on TRON, with a user-friendly design: no deposit fee and no liquidation risk.
Our goal is empowering USDD as a multichain stablecoin. By deploying Koala Money on multichains with BitTorrent integration, Koala Money will onboard other blockchains DeFi communities into USDD and TRON ecosystem.
Which values the project brings to the blockchain industry and/or to the web3 ecosystem?
Koala Money enables beginners to get exposure to crypto assets while keeping a low-risk position. They can deposit low-risk assets (USDD stablecoin) to get a self-repaying loan and invest this loan in volatile crypto assets like BTC, ETH, TRX
Users can benefit from the DeFi yield opportunities and keep access to immediate liquidities for personal and financial use.
Strategic Partners & ecosystem
We want to empower kUSD, a synthetic token of USDD, as a stablecoin reference within the TRON ecosystem through multiple synergic partnerships.
We aim to develop many partnerships within the web3 ecosystem, we will detail below a list of potential partnerships:
- TRON DAO Reserve: Launching USDD rewards on kUSD/USDD pool.
- Sun.io : Launching of sun.io LP as collaterals on Koala Money, listing of kUSD/USDD on sun.io, Koala Treasury used to buy SUN tokens then converted to veSun to have voting power.
- Justlend : Launching of jUSDD as a collateral on Koala Money, launch of kUSD as a collateral on Justlend
- Convex: Listing of kUSD/USDD pool on Convex
- Ellipsis: Listing of kUSD/USDD pool on Ellipsis
- BitTorrent: Integration of KOALA tokens on BitTorrent bridge
Use of grants
The grant would be allocated to perform additional audits of the protocol to improve the safety and security of our users.
Use cases exploration
Koala Money is built on the money lego principle and integrates TRON dapps and protocols in a mutually beneficial manner.
Eligible collaterals for listing on Koala Money are assets generating yield (yield-bearing assets). It means that Koala can integrate assets such as AMM LPs (2pool LP, 3pool LP…) and supplied assets from lending app pools (jUSDD from Justlend).
Koala Money is a user-friendly and risk-free lending protocol, built for both DeFi rookies and experts:
- No deposit fee. Users can deposit and withdraw on Koala Money without any fee.
- No liquidation risk. Unlike the traditional lending DeFi apps, there is no liquidation function on Koala as users deposit non-volatile assets.
- No lock-up. Users can deposit and withdraw whenever they want to.
- No lending fee. All loans available on Koala Money are interest-free.
Scalability / Capacity to scale
- As the TVL grows on Koala Protocol, the treasury revenue (8% fee on harvested yield) is growing too.
- As the TRON ecosystem grows, more use cases for kUSD will emerge. With more dApps utilizing kUSD, greater demand and upward price pressure will be projected toward them. This will reduce selling pressure, and make all of the other pegging mechanisms more effective as a result.
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