ADADAO

We are starting with ADA tokens only but the governance can decide on addition of more assets as and when required. ADADAO 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. The AUSD stable coin is a soft-pegged cryptocurrency, decentralized, unbiased, collateral-backed, which can be stored in wallets or used on platforms. ADADAO 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 ADADAO Protocol allows users to earn AUSD by placing collateral assets into ADADAO 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.