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TapiocaDAO
Tapioca is an omnichain money market that utilizes the LayerZero V2 protocol to defragment liquidity and provide a chain-agnostic user experience, enabling users to mint, borrow, lend, and leverage assets across different blockchains. Its native stablecoin, USDO, is the first natively omnichain decentralized stablecoin.
Distributed
Description
Tapioca is an omnichain money market that utilizes the LayerZero V2 protocol to defragment liquidity and provide a chain-agnostic user experience. It allows users to mint, borrow, lend, and leverage assets across different blockchains. A key feature of the ecosystem is USDO, the first natively omnichain decentralized stablecoin. USDO is an over-collateralized CDP stablecoin, backed by decentralized gas tokens and liquid staking tokens (LSTs), and can be transferred across chains without fees, slippage, or wait times. The entire ecosystem is powered by LayerZero V2's modular, self-sovereign omnichain framework, aiming to provide a more secure alternative to traditional monolithic bridges.Grant Funding
VC Funding
None
2023
$0
$6M