ADADao (ADAO) is a stablecoin protocol built on the Cardano blockchain. It operates as a decentralized finance (DeFi) protocol that enables the creation of fully collateralized stablecoins by leveraging native Cardano assets. The protocol is designed to be completely trustless, relying on smart contracts to establish and enforce its rules. ADADao aims to provide a stablecoin solution that is interest-free, bringing stability, accessibility, and mobility to the Cardano ecosystem.
The main feature of ADADao is the creation of the AUSD stablecoin, which is a soft-pegged cryptocurrency. AUSD is decentralized, unbiased, and collateral-backed, making it a reliable stablecoin option. It can be stored in wallets or utilized on various platforms. The protocol ensures that every AUSD is backed by on-chain collateral, providing verifiable asset support. Additionally, ADADao introduces the ADAO token, which serves as the utility and governance token within the ecosystem. Holders of ADAO are rewarded with profits from ADADao and have the ability to vote on project parameter changes.
The roadmap for ADADao includes various milestones and developments. In 2022, the project aims to conduct an initial DEX offering (IDO), list on centralized exchanges (CEX), and focus on research and staking launch. The year 2023 brings important releases such as the stablecoin release and the final protocol launch, leading to the creation of a decentralized autonomous organization (DAO). ADADao also plans to strengthen its oracle services, enhance governance, expand the range of collateral tokens, and collaborate with launchpad and development partners.