@nikitabier Please index these official DorkFi Algorand ASAs for Smart Cashtags: $WAD ASA 3334160924 (verified) $UNIT ASA 3121954282 (verified) Links: https://t.co/wllCDupD9R https://t.co/GB5cYp79PE Official: @dork_fi https://t.co/4alhQi5Yv5
$WAD is not backed by vibes.
Every $WAD is created when someone locks collateral and borrows against it.
That means the supply expands when users need liquidity and contracts when they repay.
Market demand in.
Market demand out.
On-chain the whole time.
Why do B Markets exist on DorkFi?
Simple.
Some assets deserve tighter risk controls.
Instead of exposing the entire protocol, DorkFi isolates higher-risk assets into their own markets.
Better flexibility.
Better risk management.
The Dorks have spoken 📣
Three governance proposals have officially PASSED ✅
• 📈 Increase $WAD Mint Cap
• 🌾 Expand $HAY Supply Cap
• 🐕 Expand $AKTA Supply Cap
Thank you to every $UNIT holder who participated in governance. We'll be implementing these approved changes soon.
Stay tuned for additional announcements. 🐋
Amazing initiative by @dork_fi on releasing a comprehensive MCP, making their protocol accessible for AI agents.... Great Move🚀
@Algorand@AlgoFoundation#algofam
A lot of people ask:
"If $WAD is a stablecoin... who backs it?"
Not a company.
Not a bank account.
Every $WAD is backed by excess on-chain collateral locked inside the protocol.
Everything is transparent.
Everything is verifiable.
The supply of WAD expands when users borrow.
The supply of WAD contracts when users repay.
No monetary committee.
No central bank.
Just market-driven supply and demand.
Your feedback matters.
After conversations with our community, we've proposed three new governance initiatives:
• Increase $WAD Mint Cap
• Expand $HAY Supply Cap
• Expand $AKTA Supply Cap
$UNIT holders now decide what comes next.
Vote now at https://t.co/U500btotkG 🗳️
Most stablecoins are issued by a company.
WAD is issued by users.
Every WAD enters circulation because someone deposits collateral and borrows against it.
No bank.
No issuer.
No permission.
Just on-chain credit backed by real assets.
Most governance tokens are inflationary.
$UNIT isn't.
Fixed supply: 420,069.
No endless emissions.
No perpetual dilution.
Just ownership in the future of DorkFi.