Courtesy ADADAO.ORG
What is ADADAO?
ADADAO is being touted as the “World’s First interest-free, completely trustless stablecoin protocol.” It is a DeFi protocol on the Cardano blockchain that facilitates the creation of fully collateralized stable coins leveraging native Cardano assets.
$AUSD is the stablecoin generated by the protocol. $ADAO is the utility and governance token allowing users to vote on how the protocol functions and also entitles them to a share of the fees raised through the protocol.
ADADAO will let users create and collateralize a vault, generate AUSD from the collateralized vault, pay down debt, and withdraw collateral.
IDO Launch Details
🗓 IDO Date: March 21st
📣 ADADAO IDO Announcement – ADAPad + VelasPad + BSCPad
💰Initial marketcap: $619K
👉 Whitelist 👈
🔗 ADADAO Official Links:
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