Adadao

Adadao is a decentralized autonomous organization (DAO) that governs a DeFi protocol on the Cardano network. Its primary function is to allow users to generate AUSD, a decentralized and unbiased stablecoin soft-pegged to the US Dollar, by depositing native Cardano assets as collateral into smart contracts known as Vaults. The protocol aims to provide the Cardano ecosystem with a crucial building block for DeFi by offering a stable medium of exchange and a store of value, all managed by the holders of its governance token, ADAO.