BAI Stablecoin(BAI)

Stablecoin Information

AstridDAO is a decentralized borrowing protocol on Astar 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 stablecoin).

Category:crypto-backed

Minting and Redemption

Using the AstridDAO app, users mint BAI by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back BAI is burned.

Audits:Yes