Official news, AstridDAO, a multi-collateralized stablecoin project of Astar Network and Polkadot ecosystem, announced that it will be launched in mid-April, and will launch the USD stablecoin BAI and the protocol token ATID.
Users can deposit risky assets including ASTR, BTC, ETH, DOT, native assets of other parachains to borrow BAI.
ATID can be used to generate veATID tokens, which are used to capture fee income generated by the system, incentivize early adopters, manage the protocol in a DAO fashion, etc.
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