TiPiDao — a decentralized reserve currency protocol, based on the TPD token. Each TPD token is backed by a basket of assets in the TiPiDao treasury, which gives it an intrinsic value below which it cannot fall. TiPiDao also brings unique economic and game-theoretic dynamics to the market.
About TiPiDao project
TiPiDao's goal - to build a policy-driven monetary system, where the behavior of the TPD token is controlled at a high DAO level. The team believes that in the long term, this system can help to optimize for stability and consistency so that TPD can function as a global unit of account and currency exchange. In the short term, the developers intend to optimize the system for growth and wealth creation.
There are two main strategies for market participants - staking and binding:
| 1. | Stakers are betting their TPD tokens in exchange for more TPD tokens. |
| 2. | Bonders provide LP, BUSD or USDT tokens in exchange for discounted TPD tokens after a fixed transition period. |
The main benefit for stakers - the increase in supply. The protocol mints new TPD tokens from the treasury, most of which go to the participants. Thus, the profit for the stakers will come from their balance with automatic compounding, although price risk remains an important factor. That is, if the increase in the balance of tokens is ahead of a possible drop in price (due to inflation), the stakers will make a profit.
Bonds deposit capital up front and are promised a fixed income at a set point in time. This yield is expressed in TPD, and the bondholder's return will depend on the price of the TPD at maturity. Bonds benefit from a rising or static TPD price.
More about defi app
Since the protocol controls funds in its treasury, TPD can only be minted or burned by the protocol. This also ensures that the protocol can always support 1 TPD with 1 BUSD. You can easily determine the risk of your investment because you can be confident that the protocol will endlessly buy TPD below 1 BUSD with Treasury assets. Participants can rest assured that the current APY rate can be maintained for a longer period as more funds are available in the treasury.
You can get more information about the project through the introductory document. It provides a description of the site, answers to questions and a RoadMap. From social networks, the community leads:
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