OrcaDAO
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Introduction
A high level understanding of the two-token ecosystem
Welcome to OrcaDAO
Founded by SeaFi Labs, the OrcaDAO is the first native Stablecoin (AVAI), and Governance token (ORCA) pair that allow for lending using crypto collateral at 0% interest, built on and for the Avalanche Network.
The protocol centers around the production, maintenance, and sustained equilibrium of AVAI around a stable value, which will be used by the DeFi community for a multitude of use cases - such as Loans and Yield Farming - with a high level of confidence.
When borrowing:
- 1.
- 2.Deposit your crypto assets (i.e. AVAX).
- 3.Borrow the stable coin AVAI, which is pegged to the USD.
- 4.
When cashing out:
- 1.Convert your earned crypto back to AVAI to payback your loan.
- 2.Pay back AVAI to the your vault to settle your debt.
- 3.Withdraw your crypto assets.
Introducing the OrcaDAO Protocol
What is OrcaDAO?
The Orca DAO gives the ability to control the future of the AVAI protocol through community decision and eventual transition to complete decentralized governance.
As a quick recap, a Decentralized Autonomous Organization (DAO) is an organization without central leadership. Decisions are made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain, and democratically made decisions. DAOs are internet-native organizations collectively owned and managed by their members.
Our members will be the holders of the ORCA token. On top of voting, this token also will be used as a profit sharing mechanism for revenues collected through the protocol's modest fees, and as a Liquidity Pool option for yield farming.
Last modified 8mo ago
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