About Adadao
Adadao is a DeFi protocol on Cardano blockchain which facilitates creation of fully collateralized stable coins leveraging Native Cardano Assets. They are starting with ADA tokens only but the governance can decide on addition of more assets as and when required.
Adadao Ico functions as a DAO (Decentralized Autonomous Organization). AUSD is the stablecoin generated using this protocol. ADAO is the utility and governance token which allows users to decide how the protocol functions and also gives them a share of the fees raised through the protocol.
The ADADAO foundation is taking care of the initial development of the project and plan to gradually offload its duties to the governance. ADAO and AUSD are Cardano Native Tokens and users need to have a supported Cardano wallet to be able to receive it. They will also be able to trade the token in various exchanges.
| ICO | DETAILS |
|---|---|
| Company Name | Adadao |
| Token Symbol | ADAO |
| Token For Sale | 5,000,000 ADAO |
| Ico Price | $0.038000 |
| Fundraising Goal | $190,000 |
| Personal Cap | 0 USD – 10000 USD |
| Accept | USDT/BUSD |
| Access | Public |
| Langugae | English |
| Email Support | N/A |
| KYC | Not Available |
| Website | Homepage |
Features
Decentralized Protocol
Completely trustless protocol based on Smart Contracts.
Interest Free
First stablecoin project based on interest free borrowing.
Built on Cardano
Bringing volatility free, mobile and accessible stablecoin on Cardano.
Verifiably Asset Backed
Every AUSD is backed by onchain collateral.
Stablecoin
The Adadao Ico stable coin is a soft-pegged cryptocurrency, decentralized, unbiased, collateral-backed, which can be stored in wallets or used on platforms. The Vaults are non-custodial & permissionless protocol and all generated stablecoins are backed on-chain by an excess collateral.
AUSD is easy to generate, access, and use. The Protocol allows users to earn AUSD by placing collateral assets into Vaults, which is how AUSD is circulated and users can access liquidity, while others get their hands on AUSD by buying it from brokers or cryptocurrency exchanges.
AUSD can be used exactly like any other cryptocurrency once it has been generated, acquired, or received: it can be sent to others, used to pay for goods and services, or to buy more ADA for creating a leveraged position.
Every AUSD in circulation is directly backed by extra collateral, which means that the collateral is worth more than the AUSD loan, and all AUSD transactions are visible on the Cardano blockchain.
Adadao Vaults
- Create and collateralize a vault
- Generate AUSD from the Collateralized Vault
- Pay down the Debt and the Stability Fee
- Withdraw Collateral
ADAO Token
The ADAO token is the utility and governance token of the ADADAO ecosystem which rewards holders with profits from Adadao Ico and allows those who hold it to vote on changes to the project’s parameters.
Governance of the ADADAO Protocol
The ADAO token, which serves as the ADADAO Protocol’s governance token, allows holders to vote on changes to the protocol. It should be noted that anybody can submit suggestions for an ADAO vote, not just ADAO holders.
Any voter-approved changes to the Protocol’s governance variables will most likely not take effect right away; instead, if voters choose to activate the Governance Security Module, they could be postponed by up to 24 hours (GSM). By triggering a Shutdown, ADAO holders would be able to safeguard the system, if required, from a harmful governance proposal (e.g., a proposal that changes collateral parameters in contravention of established monetary rules or permits security systems to be disabled).
Risk Parameters Controlled by ADADAO Governance
Each Vault type (for example, ADA vault) has its own set of Risk Parameters that must be followed. The criteria are set depending on the collateral’s risk profile, and ADAO holders have direct control over them through voting.
The Key Risk Parameters for ADADAO Vaults are:
Debt Ceiling
The maximum amount of debt that can be created by a single collateral type is referred to as the debt ceiling. Adadao Ico Governance gives a Debt Ceiling to each collateral type, which is intended to guarantee that the Protocol collateral portfolio is sufficiently diverse. Once a collateral type’s Debt Ceiling has been reached, it’s no longer feasible to establish new debt unless some existing users pay off all or part of their Vault debt.
The Stability Fee :
It is a one-time fee levied when a collateralized vault is created. It is a fixed percentage of the amount if AUSD taken out from the system. It is not time dependent. Liquidation ratio: ADADAO Governance expects low price volatility of the collateral if the Liquidation Ratio is low; if the Liquidation Ratio is large, ADADAO Governance expects considerable volatility.
Team
