AstridDAO Token (ATID) Coin Complete Detailed Review About AstridDAO Token

Introduction AstridDAO Token (ATID)

AstridDAO Token is a decentralized borrowing protocol that allows you to draw interest-free loans against multiple collateral assets (e.g. ASTR, ETH, BTC, and etc.). Loans are paid out in BAI (a USD pegged stable coin) and need to maintain a minimum collateral ratio depending on the collateral assets you deposit. In addition to the collateral, the loans are secured by a Stability Pool containing BAI where borrowers collectively act as guarantors to ensure a fast and safe liquidation process.

AstridDAO Token (ATID) Basic Point Table

Who Are The Founder Of AstridDAO Token (ATID) ?

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ATID Price Live Data

The live AstridDAO Token price today is $0.032651 USD with a 24-hour trading volume of $243,271 USD. update ATID to USD price in real-time. AstridDAO Token is up 5.84% in the last 24 hours. The current CoinMarketCap ranking is #3336, with a live market cap of not available. The circulating supply is not available and the max. supply is not available. If you would like to know where to buy Token at the current rate, the top cryptocurrency exchange for trading in AstridDAO Token stock is currently MEXC. You can find others listed on our crypto exchanges page.

$ATID is the protocol token of , the decentralized money market and issuer of the Polkadot-native, multi-collateral stable coin $BAI. Users can lock $ATID and generate the voting escrow $ATID token, $veATID, to boost farming rewards, share protocol revenues, earn staking rewards, vote on new collaterals and etc.

ATID Token

ATID is the protocol token issued by the AstridDAO protocol. By locking it and generate veATID tokens, ATID holders can capture the fee revenue that is generated by the system. This would further incentivize early adopters. In the long term, ATID rewards will only accrue to Stability Providers  ( i.e. users who deposit BAI to the Stability Pool).

Liquidation

To ensure that the entire stable coin supply remains fully backed by collateral, Vaults that fall under the minimum collateral ratio (e.g. 130% for ASTR) will be closed (aka. liquidated). The debt of the Vault is canceled and absorbed by the Stability Pool and its collateral distributed among Stability Providers. The owner of the Vault still keeps the full amount of BAI borrowed but loses ~(minimum collateral ratio – 100%) value overall hence it is critical to always keep the ratio above the minimum collateral ratio, ideally above 30% or 40% + minimum collateral ratio.

Stability Pool

The Stability Pool is the first line of defense in maintaining system solvency. It achieves that by acting as the source of liquidity to repay debt from liquidated Vaults—ensuring that the total BAI supply always remains backed. When any Vault is liquidated, an amount of BAI corresponding to the remaining debt of the Vault is burned from the Stability Pool’s balance to repay its debt. In exchange, the entire collateral from the Vault is transferred to the Stability Pool.

Features :

1 BAI ≈ 1 USD

Borrow BAI, a fully backed stablecoin hard-pegged to the US Dollar. Use BAI however you like in the DeFi world.

High Capital Efficiency

AstridDAO’s efficient liquidation mechanism allows users to get the most liquidity for their favorite crypto assets.

DAO Governance

On-chain governance that can adjust protocol parameters (e.g. liquidation ratio), add collateral assets, make improvement proposals via veATID tokens.

High APY

AstridDAO closely collaborates with other DeFi protocols in Astar/Polkadot eocsystem to provide optimized yield strategies and higher APY.

Market Screenshot

Faq Of AstridDAO Token