I propose applying for a liquidity farm and Syrup Pool to PancakeSwap for BNB<->TRU.
The main benefit of this proposal is that users would be able to trade TRU on Binance Smart Chain (with much lower gas fees compared to Ethereum). This benefits TRU holders with increased liquidity, lower trading fees, and fast trade confirmations. This also benefits the TrueFi ecosystem as it increases Binance user awareness of TrueFi.
At present time there is $7.5B locked on PancakeSwap compared to $5.8B on Uniswap and $4.1B on Sushiswap. If more TRU is locked into liquidity farms in PancakeSwap, it may also have a positive impact on TRU price.
Some risks with this proposal -
(1) more complexity, users need to understand the difference between Ethereum chain and Binance Smart Chain and how to Binance Bridge assets across. In particular, all of TrueFi only supports Ethereum chain so if users want to interact with TrueFi they have to bridge their BEP-20 back to ERC-20.
(2) Binance Smart Chain is relatively centralized and users must rely on Binance Bridge or the Binance exchange in order to convert to other crypto or fiat.
Given the marketing collaboration between Binance and TrueFi and what appears to be a low difficulty of execution, it seems this is worth an experiment with a medium sized incentive offered to liquidity providers. Thoughts from the team / community?