Description
AstridDAO is a decentralized money market and global reserve bank that offers a native stablecoin, BAI, which is fully backed and hard-pegged to the US Dollar. Users can borrow BAI against their crypto assets at a zero interest rate, paying only a small, one-time fee. The protocol features on-chain DAO governance, allowing veATID token holders to adjust parameters and make improvement proposals. AstridDAO aims for high capital efficiency through an efficient liquidation mechanism and collaborates with other DeFi protocols in the Astar/Polkadot ecosystem to provide optimized yield strategies and high APY.