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AstridDAO is a decentralized lending system enabling you to take out interest-free loans using a range of collateral assets (for example ASTR, ETH, BTC, and others). Loan amounts are delivered in BAI, a USD-pegged stablecoin, and you must keep at least a minimum collateral ratio based on the collateral you provide. Beyond the posted collateral, the borrowings are backed by a Stability Pool made of BAI, where participants jointly serve as guarantors to support a quick and secure liquidation mechanism.
ATID is the protocol token for AstridDAO. When it is locked to mint veATID tokens, ATID holders can collect the fee revenue produced by the protocol, which also helps encourage early supporters.
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