Astable🔺($aDAO)

A multi-collateral + Interest-free borrowing, built on #Avalanche.

Discord:

[Astable🔺($aDAO) @Astable_io]

1/10 Introducing #Astable, a brand new decentralized stablecoin protocol based on #Avalanche !

We will be rewarding early supporters with #airdrop, stay tune at
https://t.co/7pnEblqDX0

A quick 🧵of the protocol and Avalanche Money $AM:

[Astable🔺($aDAO) @Astable_io]

@CryptoMutants Audits are ongoing, safety first. (⚠️,⚠️)

[Astable🔺($aDAO) @Astable_io]

1/10 Introducing #Astable, a brand new decentralized stablecoin protocol based on #Avalanche !

We will be rewarding early supporters with #airdrop, stay tune at
https://t.co/7pnEblqDX0

A quick 🧵of the protocol and Avalanche Money $AM:

[Astable🔺($aDAO) @Astable_io]

5/ Voting mechanism

Stake $aDAO to change transfer, minting, and redemption fee. Truly give token holders the right to make the most important decisions.

What's interesting is that voters can potentially increase "transfer fee" from 0% to 50% or higher"..🤯🤯 #DiamondHand

[Astable🔺($aDAO) @Astable_io]

4/ aDAO is the governance token of #aStable.

Vote to decide:
1⃣ Minting, redemption, and transfer fee
2⃣ New collaterals $JOE $Qi $CRV
3⃣ Proposals

By staking $aDAO, users are rewarded w/
🔴 $AM's minting fee
🟠 $AM's redemption fee
🟡 Transfer fee

[Astable🔺($aDAO) @Astable_io]

@dbcrcg Will continue tomorrow, smart contract under auditing at the moment!

[Astable🔺($aDAO) @Astable_io]

A new decentralized stablecoin is launching on #Avalanche.