ADADAO ($ADAO) is all set to launch on Bluezilla launchpad on March 21st

3 min readMar 19, 2022

ADADAO is a DeFi protocol on Cardano blockchain which facilitates creation of fully collateralized stable coins leveraging Native Cardano Assets. AUSD is the Stablecoin generated using this protocol, which is onchain overcollateralized using Bluechip Cardano assets . ADAO is the utility and governance token which allows users to decide how the protocol functions and also gives them a share of the fees raised through the protocol.

IDO Date: Monday March 21st

Staking Eligibility Cutoff: Monday March 21st, 5 AM UTC

Public Sale Token Price: $0.038 USD

Allocation Round Opens: Monday March 21st, 8 AM UTC

#BSCPAD FCFS Round: Monday March 21st, 1 PM UTC
#ADAPAD FCFS Round: Monday March 21st, 1.10 PM UTC
#VelasPAD FCFS Round: Monday March 21st, 1.20 PM UTC

Listing: Monday, March 21st

PancakeSwap & MEXC Launch: Monday, March 21st, 3:00 PM UTC
AstroSwap Launch: Monday March 21st, 3:30 PM UTC

Maximum Token Supply: 500,000,000 $ADAO

Public Sale: Monday, March 21st

#BSCPad: 9,736,842.105 $ADAO
#ADAPad: 13,157, 894.74 $ADAO
#VelasPad: 8,631,578.947 $ADAO

Circulating Supply at Listing: 16,875,000 ADAO

Market Capitalization at Listing: $619,000 USD

Public Sale Vesting Schedule: 20% at TGE, monthly unlocks for 4 months

About ADADAO

ADADAO ($ADAO) is a DeFi protocol on Cardano blockchain which facilitates creation of fully collateralized stable coins leveraging Native Cardano Assets. ADADAO functions as a DAO (Decentralized Autonomous Organization).

ADADAO ecosystem has two tokens:

ADAO which is the governance token of adadao protocol
AUSD which is the stable coin pegged to usd which can be borrowed by collaterizing Cardano native assets like ADA.

The protocol has a unique design with the following salient features:

It is interest free. There is a one time fee for use of the protocol and then the borrower can keep the loan as long as he wants , provided he maintains the collateral.
Liquidations happen through the stability pool. It is a pool of AUSD stablecoins staked by users which facilitate the liquidations at a fixed price. The liquidation penalty realized during the process is distributed to the stakers proportionally.

What problems does ADADAO solve?

There is no working on chain collateralized stablecoin on cardano yet. Even on other chains, current protocols incur high interest rates on assets borrowed from users making leveraging very risky. There is a vague liquidation process based on an internal auction mechanism which forces protocols to initiate liquidation at higher liquidation ratio in order to be able to compensate for the uncertainty in the realizable value.

How does ADADAO fit in the current ecosystem?

The project is well positioned in the Defi landscape of the Cardano ecosystem. ADADAO is the first interest free stablecoin protocol on Cardano. Cardano lacks any functioning stablecoin and our protocol is most well suited in this space.

Tokenomics

Token Utility

ADAO holders have the option to vote on the following:

Add a new collateral asset type with a unique set of Risk Parameters.
Change the Risk Parameters of one or more existing collateral asset types, or add new Risk Parameters to one or more existing collateral asset types.
Choose the set of Oracle Feeds.
Choose the set of Emergency Oracles.
Trigger Emergency Shutdown.
Upgrade the system.