What is Adadao?

6 months ago Report
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ADADAO ($ADAO), the world’s first interest-free Stablecoin protocol, which leverages native Cardano assets for the creation of fully collateralized Stablecoins. ADADAO is currently the only Stablecoin project based on interest-free borrowing and is expected to become an integral part of the future Cardano ecosystem.

$ADAO is the Protocol’s governance token, which allows holders to vote on important changes, such as adding a new collateral asset type with a unique set of risk parameters, choosing the set of Oracle feeds, triggering an emergency shutdown, upgrading the system, or making valuable suggestions on how to improve the project. $ADAO can also be staked to earn rewards. 

ADADAO also offers non-custodial vaults, with every $AUSD fully backed by on-chain collateral, and has taken every precaution to ensure the integrity of its solution. ADADAO Protocol combines good governance with careful protocol design (the Liquidation Ratio, Debt Ceilings, Governance Security Module, Oracle Security Module, Emergency Shutdown, and so on) to ensure top-notch security and mitigate malicious exploits. 

Links :

Website : https://adadao.org
Docs :
https://docs.adadao.org
Twitter :
https://twitter.com/adadao_org
Telegram :
https://t.me/adadao_org

Original Source: https://www.youtube.com/watch?v=49tLigKJhGk

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