Posting here an idea for TRU to becoming a “gas” for all TrueFi protocol related activity at some point in the future.
I would like to ignite the discussion around utilization of the TRU token as a utility within the TrueFi protocol. By doing so, we may leverage the benefits of upper layer technology - like incoming zksync layer 3 or Optimism Stack and provide proper tokenomics to the protocol.
The zkSync Layer 3 or Optimism OPstack technology allows for high-speed, low-cost transactions that can be completed in real-time. This is particularly useful for the TrueFi protocol, which is built on the Ethereum blockchain and requires fast, efficient transactions in order to function properly.
By utilizing the TRU token as a utility within the TrueFi protocol we could provide additional value to the TRU token.
General target mechanism ELI5 is simple; if you want to do anything on TrueFI protocol you need to pay with TRU tokens for the operations. Want to create a Vault? Pay with TRU. Want to lend into? Pay with TRU. Under the hood obviously user could be paying with stablecoins, that would be sold for TRU to pay. Used “TRU gas” could be burned or returned to the DAO Treasury.
To implement this proposal in the future, we will need to make the following changes to the TrueFi protocol:
Add support for the TRU token as a utility within the protocol. This will allow users to pay for certain services or actions within the protocol using TRU.
Integrate the Zksync layer 3 technology or Optimism stack with the TrueFi protocol. This will enable high-speed, low-cost transactions using TRU or other custom ERC-20 tokens.
Update the documentation and user interface to reflect these changes and provide clear instructions for using TRU within the TrueFi protocol.
This proposal might have the potential to greatly benefit both the TrueFi protocol and the TRU token, and I look forward to the community’s feedback.
If you look at what dYdX is doing with their migration to Cosmos - this would be a similar move(but staying within Ethereum ecosystem). The reason dYdX is migrating is because StarkWare did not allow them to use their token as gas…
This is by no means “two weeks”, realistic timeframe for deep ZkSync layer 3 or Optimism Stack productional integration is Q2 2025 the earliest.
Nothing will work if we do not get TVL into the protocol, and if are not able to drive activity to the protocol.
This is, and should be our 100% priority over moonshots like this.