Kup BAI Stablecoin (BAI) w Malaysia

The BAI Stablecoin is a decentralized, over-collateralized stablecoin protocol primarily associated with AstridDAO. It is designed to maintain a stable peg to the US Dollar and serves as a native stablecoin within the Astar Network and the broader Polkadot ecosystem. The core mechanism of the project allows users to borrow the stablecoin against various risk assets. Users can deposit collateral such as ASTR, BTC, ETH, and DOT into a smart contract vault to mint the token. The protocol is characterized by its capital efficiency, offering 0 percent interest on loans. Instead of recurring interest rates, it typically charges a small, one-time borrowing fee when a position is opened. This model allows users to access liquidity from their assets without having to sell them, effectively creating a decentralized line of credit. Stability and solvency are maintained through a multi-layered mechanism. The protocol uses an over-collateralization model, meaning the value of the assets held in the vault must exceed the value of the minted stablecoin. If the collateral ratio falls below a specific minimum, the position becomes subject to liquidation. To facilitate this, the project features a Stability Pool where participants can deposit the stablecoin to act as a backstop. When liquidations occur, the stablecoins in this pool are used to pay off the debt, and the pool participants receive a portion of the liquidated collateral as a reward. Another key feature is the Instant Redemption mechanism. This allows any user to swap the stablecoin for an equivalent value of the underlying collateral directly through the protocol at face value. This functionality provides a hard floor for the value and encourages arbitrageurs to help maintain the peg. The project has gained support through initiatives such as the Microsoft for Startups program and the Astar Incubation Program. Governance for the protocol is managed through a separate utility token, often referenced under the name ATID or as a voting-escrowed version that allows holders to vote on protocol parameters, such as adding new collateral types or adjusting liquidation ratios. While primarily native to Astar, the protocol focuses on cross-chain compatibility to enable the stablecoin to be used across various decentralized finance applications within the Polkadot ecosystem and beyond. Dowiedz się więcej