TL;DR: Tigris is expanding.
GainsGoblin and I (Haz) started Tigris as a leverage trading platform three years ago. Aware of the leverage trading space's potential, we saw numerous opportunities for improvement. Tigris began as a project where we experimented with innovative concepts like Governance NFTs and a signature-based oracle, which were unique at the time (as far as I know).
We experimented with various trading architectures, learning the pros and cons of each, our journey has been enriching. Now, we believe Tigris offers the best user experience in trading, featuring the fastest trade settlements, advanced position management, and some of the lowest fees in the market.
We've decided to expand Tigris. It will now serve as the umbrella project, developing and managing various products, including our existing leverage trading platform and binary options, among others.
Each product will be separate and will have it’s own name, all managed and developed by Tigris, the head project, that means owning $TIG will give you a piece of each product under Tigris and gives you your share of profits from each. Since Tigris already has the resources it makes sense to use that in new products, for example we already have a USDT vault which we can use in lending, that’s why our next product after leverage trading and binary options will be lending.
Our vaults (currently USDT, and soon WETH and WBTC), utilized in leverage trading and binary options, will also support our new lending product. Users will have the opportunity to collateralize various tokens to borrow newly minted tigAssets. More info on this soon.
We will not stop at lending, we will keep adding new products that will have their own users and profit, and we will help founders with our resources and liquidity to launch their products under Tigris.
To expand, we will need to expand the team as well, it was alway only GainsGoblin and I (Haz) the only full time devs working on Tigris and then Telcontar joined us as non-dev team member and that will not be enough. We will be hiring new developers, marketeers, and advisors soon to help us with building the new Tigris.
We will continue developing the leverage trading platform as planned, focusing on tigETH, xTIG, and various integrations.
The UIs for the leverage trading platform and binary options will be separated, with each receiving a new name to be decided later.
A new Tigris(head project) UI will be built that will have the vaults, TIG staking and new governance.
Officially launching the $TIG DAO, utilizing Snapshot for proposing and voting on new products and decisions.
Starting the work on the new lending product.
Special thanks to our community members, especially the OG DAO members, for their unwavering support. Please join our Discord to connect.