# Changing TFI-LP to tfUSD

**URL:** <https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241>\
**Category:** Ideas\
**Created:** [January 24, 2021, 11:50pm UTC](https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241 "2021-01-24T23:50:07Z")\
**Posts on this page:** 7\
**Page:** 1

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**Author:** ![ryan.rodenbaugh](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/ryan.rodenbaugh/32/38_2.png) [@ryan.rodenbaugh](https://forum.truefi.io/u/ryan.rodenbaugh)\
**Post date:** [January 24, 2021, 11:50pm UTC](https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241/1 "2021-01-24T23:50:07Z")

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**Summary:**

Change the name of TrueFI LP (TFI-LP) to TrueFi USD (tfUSD) and standardize all future pools around the same format (e.g., TrueFi WETH / tfWETH)

**Background/Motivation:**

Over the past two weeks or so, have been thinking about how to grow adoption for TFI-LP.

The thinking is that If TFI-LP becomes widely adopted, it will increase pool deposits. For an example of what I’m thinking, see [my proposal on the CREAM forum](https://forum.cream.finance/t/proposal-add-truefi-lp-token-as-a-collateral-asset/408). This post was probably a bit premature, so I’ll try again in the future.

Over time, there will be more TrueFi Pools. Pool 1 (that’s now live) currently accepts only TUSD, but over time will also accept additional USD-backed stablecoins, including USDC. Those two assets can be in the same pool because those assets are basically interchangeable and are both a part of yCRV. If you wanted to borrow/lend wBTC or ETH, you’d need a different pool. Since those pools will probably exist one day, we need a consistent naming and branding convention for all of these pools/corresponding tokens.

**Next Steps:**

Please vote on the poll here and leave comments if you feel differently. If all looks good, will quickly move to proposal and Snapshot.

If you vote “Yes - But go with a different naming convention” please comment a suggestion below as well

_Poll ([view on site](https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241/1))_

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**Author:** ![spidey](https://avatars.discourse-cdn.com/v4/letter/s/ac91a4/32.png) [@spidey](https://forum.truefi.io/u/spidey)\
**Post date:** [January 25, 2021, 12:13am UTC](https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241/2 "2021-01-25T00:13:08Z")

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tfUSD token standard sounds most catchy and definitely the way to go

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**Author:** ![rafaelcosman](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/rafaelcosman/32/4_2.png) [@rafaelcosman](https://forum.truefi.io/u/rafaelcosman)\
**Post date:** [January 25, 2021, 5:14am UTC](https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241/3 "2021-01-25T05:14:24Z")

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**Voting in favor of tfUSD and the tfToken standard**. Thank you for the post @ryan.rodenbaugh. I agree that this will be a key part of increasing adoption of TFI-LP on other platforms.

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**Author:** ![jediballs](https://avatars.discourse-cdn.com/v4/letter/j/9d8465/32.png) [@jediballs](https://forum.truefi.io/u/jediballs)\
**Post date:** [January 25, 2021, 10:25am UTC](https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241/4 "2021-01-25T10:25:21Z")

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Someone in chat proposed the standard TRUBond-token , e.g. TRUBond-USD, TRUBond-ETH

As a marketing/brand strategy professional I find it more appealing despite the standardized approach by other projects

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**Author:** ![MG-TT](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/mg-tt/32/574_2.png) [@MG-TT](https://forum.truefi.io/u/MG-TT)\
**Post date:** [January 25, 2021, 3:18pm UTC](https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241/5 "2021-01-25T15:18:11Z")

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Calling it a bond attracts unwanted regulatory attention, imo. I’m for the tfToken convention. 👍

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**Author:** ![spidey](https://avatars.discourse-cdn.com/v4/letter/s/ac91a4/32.png) [@spidey](https://forum.truefi.io/u/spidey)\
**Post date:** [January 25, 2021, 10:45pm UTC](https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241/6 "2021-01-25T22:45:35Z")

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I agree. Bond is explicitly used in other context and not applicable here at all, as traditionally Bond implies a legal binding contract and regulatory checks in place . In Defi related lending, it is not applicable at all, hence it will be confusing to term this form of interest bearing token as a bond.

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**Author:** ![ryan.rodenbaugh](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/ryan.rodenbaugh/32/38_2.png) [@ryan.rodenbaugh](https://forum.truefi.io/u/ryan.rodenbaugh)\
**Post date:** [January 27, 2021, 7:36pm UTC](https://forum.truefi.io/t/changing-tfi-lp-to-tfusd/241/7 "2021-01-27T19:36:07Z")

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Snapshot Link: [Snapshot](https://snapshot.page/#/truefigov.eth/proposal/QmT39ERrtX3HVFJyNpuncv2fzo7s2HWG4aVxig7NHy34Kc)
