1668672060
What is Adadao (ADAO) | What is Adadao token | What is ADAO token
In this article, we'll discuss information about the Adadao project and ADAO token. What is Adadao (ADAO) | What is Adadao token | What is ADAO token?
ADADAO is a DeFi protocol on Cardano blockchain which facilitates creation of fully collateralized stable coins leveraging Native Cardano Assets. We are starting with ADA tokens only but the governance can decide on addition of more assets as and when required. ADADAO functions as a DAO (Decentralized Autonomous Organization). AUSD is the stablecoin generated using this protocol. ADAO is the utility and governance token which allows users to decide how the protocol functions and also gives them a share of the fees raised through the protocol.
The ADADAO foundation is taking care of the initial development of the project and plan to gradually offload its duties to the governance.
ADAO and AUSD are Cardano Native Tokens and users need to have a supported Cardano wallet to be able to receive it. They will also be able to trade the token in various exchanges.
Stablecoin
The AUSD stable coin is a soft-pegged cryptocurrency, decentralized, unbiased, collateral-backed, which can be stored in wallets or used on platforms. ADADAO Vaults are non-custodial & permissionless protocol and all generated stablecoins are backed on-chain by an excess collateral.
AUSD is easy to generate, access, and use. The ADADAO Protocol allows users to earn AUSD by placing collateral assets into ADADAO Vaults, which is how AUSD is circulated and users can access liquidity, while others get their hands on AUSD by buying it from brokers or cryptocurrency exchanges.
AUSD can be used exactly like any other cryptocurrency once it has been generated, acquired, or received: it can be sent to others, used to pay for goods and services, or to buy more ADA for creating a leveraged position.
Every AUSD in circulation is directly backed by extra collateral, which means that the collateral is worth more than the AUSD loan, and all AUSD transactions are visible on the Cardano blockchain.
Key Terms:
The Stability Fee : is a fixed percentage calculated on top of the amount of AUSD generated against the collateral of a Vault. Only AUSD is used to pay the fee, which is subsequently transferred to the ADADAO Buffer. This is a one time fee and does not depend on the duration of the loan.
Liquidation ratio : ADADAO Governance expects low price volatility of the collateral if the Liquidation Ratio is low; if the Liquidation Ratio is large, ADADAO Governance expects considerable volatility. Liquidation Ratio will be different for every asset. As we are starting with ADA collateral only, the liquidation ratio will be determined through governance proposal.
Liquidation Penalty : a fee added to a Vault’s total outstanding generated AUSD when a Liquidation occurs, is known as liquidation penalty. This penalty is charged in order to incentivise users to always keep their positions over collateralized.
Collateral Auction Duration : ADADAO Vaults have a limit on how long Collateral auctions can last. The durations of the debt and surplus auctions are global system parameters.
Liquidations
Users interact directly with Vaults and the ADADAO Protocol, and each user has total and independent control over their placed collateral as long as the value of the collateral does not fall below the required minimum level (the Liquidation Ratio).
If the collateral value (in USD) goes too low, the vault is automatically liquidated. Then the Protocol auctions off a portion of the collateral to cover the outstanding debt plus the Liquidation penalty and the protocol also then burns AUSD to deplete the supply.
The collateral that is left over is given to the vault owner.
Governance of the ADADAO Protocol
The ADAO token, which serves as the ADADAO Protocol's governance token, allows holders to vote on changes to the protocol. It should be noted that anybody can submit suggestions for an ADAO vote, not just ADAO holders.
Any voter-approved changes to the Protocol's governance variables will most likely not take effect right away; instead, if voters choose to activate the Governance Security Module, they could be postponed by up to 24 hours (GSM). By triggering a Shutdown, ADAO holders would be able to safeguard the system, if required, from a harmful governance proposal (e.g., a proposal that changes collateral parameters in contravention of established monetary rules or permits security systems to be disabled).
ADAO holders have the option to vote on the following:
- Add a new collateral asset type with a unique set of Risk Parameters.
- Change the Risk Parameters of one or more existing collateral asset types, or add new Risk Parameters to one or more existing collateral asset types.
- Choose the set of Oracle Feeds.
- Choose the set of Emergency Oracles.
- Trigger Emergency Shutdown.
- Upgrade the system.
Risk Parameters Controlled by ADADAO Governance
Each Vault type (for example, ADA vault) has its own set of Risk Parameters that must be followed. The criteria are set depending on the collateral's risk profile, and ADAO holders have direct control over them through voting.
The Key Risk Parameters for ADADAO Vaults are:
Debt Ceiling : The maximum amount of debt that can be created by a single collateral type is referred to as the debt ceiling. ADADAO Governance gives a Debt Ceiling to each collateral type, which is intended to guarantee that the ADADAO Protocol collateral portfolio is sufficiently diverse. Once a collateral type's Debt Ceiling has been reached, it's no longer feasible to establish new debt unless some existing users pay off all or part of their Vault debt.
The Stability Fee : It is a one-time fee levied when a collateralized vault is created. It is a fixed percentage of the amount if AUSD taken out from the system. It is not time dependent. Liquidation ratio: ADADAO Governance expects low price volatility of the collateral if the Liquidation Ratio is low; if the Liquidation Ratio is large, ADADAO Governance expects considerable volatility.
Liquidation Penalty : fee added to a Vault’s total outstanding generated AUSD when a Liquidation occurs, is known as liquidation penalty
Collateral Auction Duration : ADADAO Vaults have a limit on how long Collateral auctions can last. The durations of the debt and surplus auctions are global system parameters.
Auction Bid Duration : The amount of time until a single bid expires and the auction concludes.
Auction Step Size : This Risk Parameter was created to encourage early bidders in auctions while also preventing abuse by bidding a little amount higher than the current bid.
Risk and Mitigation Responsibilities of Governance
ADADAO Governance must take the required actions to mitigate risks in order for the ADADAO Protocol to function properly. Some of these threats are listed below, each with a mitigation strategy.
1. A malicious attack on the smart contract infrastructure by a bad actor: for example, a programmer who discovers a flaw in the deployed smart contracts and then exploits it to break the Protocol or steal from it—is one of the greatest threats to the ADADAO Protocol.
MITIGATION : The ADADAO Protocol's security is the Foundation's top priority, and Formal Verification is the Protocol's strongest defense. We will get the smart contracted audited from the best auditing firms and from multiple sources in order to create a smart contract which is free from flaws.
2. A black swan event: A black swan incident is a rare and serious system-wide surprise strike on the ADADAO Protocol.
Examples of a black swan event include:
- An attack on the collateral types that backs AUSD.
- A large, unexpected price decrease of one or more collateral types.
- A highly coordinated Oracle attack.
- A malicious ADADAO Governance proposal.
MITIGATION : While no single solution is fool proof, the ADADAO Protocol's careful design (the Liquidation Ratio, Debt Ceilings, Governance Security Module, Oracle Security Module, Emergency Shutdown, and so on) combined with good governance (quick response in a crisis, thoughtful risk parameters, and so on) help to prevent or mitigate the potentially severe consequences of an attack.
ADAO Token
The ADAO token is the utility and governance token of the ADADAO ecosystem which rewards holders with profits from ADADAO and allows those who hold it to vote on changes to the project’s parameters
Total Supply: 500,000,000 token
Circulating Supply: 58,000,000 token
How and Where to Buy ADAO token?
ADAO has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ADAO token
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase ADAO from the exchange.
The top exchange for trading in ADAO token is currently: Trade ADAO, MEXC, PancakeSwap (V2), and LATOKEN
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io
Find more information ADAO token ☞ Website
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!
#bitcoin #cryptocurrency #token #coin
What is GEEK
Buddha Community
1658068560
WordsCounted: A Ruby Natural Language Processor
WordsCounted
We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde
WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.
Features
- Out of the box, get the following data from any string or readable file, or URL:
- Token count and unique token count
- Token densities, frequencies, and lengths
- Char count and average chars per token
- The longest tokens and their lengths
- The most frequent tokens and their frequencies.
- A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
- Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as
["Bayrūt"]and not["Bayr", "ū", "t"], for example. - Opens and reads files. Pass in a file path or a url instead of a string.
Installation
Add this line to your application's Gemfile:
gem 'words_counted'
And then execute:
$ bundle
Or install it yourself as:
$ gem install words_counted
Usage
Pass in a string or a file path, and an optional filter and/or regexp.
counter = WordsCounted.count(
"We are all in the gutter, but some of us are looking at the stars."
)
# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")
.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.
API
WordsCounted
WordsCounted.count(input, options = {})
Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.
counter = WordsCounted.count("Hello Beirut!")
Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.
WordsCounted.from_file(path, options = {})
Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.
counter = WordsCounted.from_file("hello_beirut.txt")
Accepts the same options as .count.
Tokeniser
The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.
Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.
#tokenise([pattern: TOKEN_REGEXP, exclude: nil])
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise
# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")
# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)
See Excluding tokens from the analyser and Passing in a custom regexp for more information.
Counter
The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.
#token_count
Returns the token count of a given string.
counter.token_count #=> 15
#token_frequency
Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.
counter.token_frequency
[
["the", 2],
["are", 2],
["we", 1],
# ...
["all", 1]
]
#most_frequent_tokens
Returns a hash where each key-value pair is a token and its frequency.
counter.most_frequent_tokens
{ "are" => 2, "the" => 2 }
#token_lengths
Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.
counter.token_lengths
[
["looking", 7],
["gutter", 6],
["stars", 5],
# ...
["in", 2]
]
#longest_tokens
Returns a hash where each key-value pair is a token and its length.
counter.longest_tokens
{ "looking" => 7 }
#token_density([ precision: 2 ])
Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.
counter.token_density
[
["are", 0.13],
["the", 0.13],
["but", 0.07 ],
# ...
["we", 0.07 ]
]
#char_count
Returns the char count of tokens.
counter.char_count #=> 76
#average_chars_per_token([ precision: 2 ])
Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.
counter.average_chars_per_token #=> 4
#uniq_token_count
Returns the number of unique tokens.
counter.uniq_token_count #=> 13
Excluding tokens from the tokeniser
You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.
- A space-delimited string. The filter will normalise the string.
- A regular expression.
- A lambda.
- A symbol that names a predicate method. For example
:odd?. - An array of any combination of the above.
tokeniser =
WordsCounted::Tokeniser.new(
"Magnificent! That was magnificent, Trevor."
)
# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]
# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]
# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]
# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]
# Using an array
tokeniser = WordsCounted::Tokeniser.new(
"Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]
Passing in a custom regexp
The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.
/[\p{Alpha}\-']+/
You can pass your own criteria as a Ruby regular expression to split your string as desired.
For example, if you wanted to include numbers, you can override the regular expression:
counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]
Opening and reading files
Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.
counter = WordsCounted.from_file("url/or/path/to/file.text")
Gotchas
A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.
counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency
[
["do", 2],
["how", 1],
["you", 1],
["-you", 1], # WTF, mate!
["are", 1],
# ...
]
In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.
A note on case sensitivity
The program will normalise (downcase) all incoming strings for consistency and filters.
Roadmap
Ability to open URLs
def self.from_url
# open url and send string here after removing html
end
Are you using WordsCounted to do something interesting? Please tell me about it.
Demo
Visit this website for one example of what you can do with WordsCounted.
Contributors
See contributors.
Contributing
- Fork it
- Create your feature branch (
git checkout -b my-new-feature) - Commit your changes (
git commit -am 'Add some feature') - Push to the branch (
git push origin my-new-feature) - Create new Pull Request
Author: Abitdodgy
Source Code: https://github.com/abitdodgy/words_counted
License: MIT license
1659601560
Words Counted: A Ruby Natural Language Processor.
WordsCounted
We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde
WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.
Are you using WordsCounted to do something interesting? Please tell me about it.
Demo
Visit this website for one example of what you can do with WordsCounted.
Features
- Out of the box, get the following data from any string or readable file, or URL:
- Token count and unique token count
- Token densities, frequencies, and lengths
- Char count and average chars per token
- The longest tokens and their lengths
- The most frequent tokens and their frequencies.
- A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
- Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as
["Bayrūt"]and not["Bayr", "ū", "t"], for example. - Opens and reads files. Pass in a file path or a url instead of a string.
Installation
Add this line to your application's Gemfile:
gem 'words_counted'
And then execute:
$ bundle
Or install it yourself as:
$ gem install words_counted
Usage
Pass in a string or a file path, and an optional filter and/or regexp.
counter = WordsCounted.count(
"We are all in the gutter, but some of us are looking at the stars."
)
# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")
.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.
API
WordsCounted
WordsCounted.count(input, options = {})
Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.
counter = WordsCounted.count("Hello Beirut!")
Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.
WordsCounted.from_file(path, options = {})
Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.
counter = WordsCounted.from_file("hello_beirut.txt")
Accepts the same options as .count.
Tokeniser
The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.
Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.
#tokenise([pattern: TOKEN_REGEXP, exclude: nil])
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise
# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")
# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)
See Excluding tokens from the analyser and Passing in a custom regexp for more information.
Counter
The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.
#token_count
Returns the token count of a given string.
counter.token_count #=> 15
#token_frequency
Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.
counter.token_frequency
[
["the", 2],
["are", 2],
["we", 1],
# ...
["all", 1]
]
#most_frequent_tokens
Returns a hash where each key-value pair is a token and its frequency.
counter.most_frequent_tokens
{ "are" => 2, "the" => 2 }
#token_lengths
Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.
counter.token_lengths
[
["looking", 7],
["gutter", 6],
["stars", 5],
# ...
["in", 2]
]
#longest_tokens
Returns a hash where each key-value pair is a token and its length.
counter.longest_tokens
{ "looking" => 7 }
#token_density([ precision: 2 ])
Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.
counter.token_density
[
["are", 0.13],
["the", 0.13],
["but", 0.07 ],
# ...
["we", 0.07 ]
]
#char_count
Returns the char count of tokens.
counter.char_count #=> 76
#average_chars_per_token([ precision: 2 ])
Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.
counter.average_chars_per_token #=> 4
#uniq_token_count
Returns the number of unique tokens.
counter.uniq_token_count #=> 13
Excluding tokens from the tokeniser
You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.
- A space-delimited string. The filter will normalise the string.
- A regular expression.
- A lambda.
- A symbol that names a predicate method. For example
:odd?. - An array of any combination of the above.
tokeniser =
WordsCounted::Tokeniser.new(
"Magnificent! That was magnificent, Trevor."
)
# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]
# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]
# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]
# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]
# Using an array
tokeniser = WordsCounted::Tokeniser.new(
"Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]
Passing in a custom regexp
The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.
/[\p{Alpha}\-']+/
You can pass your own criteria as a Ruby regular expression to split your string as desired.
For example, if you wanted to include numbers, you can override the regular expression:
counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]
Opening and reading files
Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.
counter = WordsCounted.from_file("url/or/path/to/file.text")
Gotchas
A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.
counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency
[
["do", 2],
["how", 1],
["you", 1],
["-you", 1], # WTF, mate!
["are", 1],
# ...
]
In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.
A note on case sensitivity
The program will normalise (downcase) all incoming strings for consistency and filters.
Roadmap
Ability to open URLs
def self.from_url
# open url and send string here after removing html
end
Contributors
See contributors.
Contributing
- Fork it
- Create your feature branch (
git checkout -b my-new-feature) - Commit your changes (
git commit -am 'Add some feature') - Push to the branch (
git push origin my-new-feature) - Create new Pull Request
Author: abitdodgy
Source code: https://github.com/abitdodgy/words_counted
License: MIT license
#ruby #ruby-on-rails
1622197808
SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon
SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.
A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.
Read More @ https://bit.ly/3oFbJoJ
#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token
1668672060
What is Adadao (ADAO) | What is Adadao token | What is ADAO token
In this article, we'll discuss information about the Adadao project and ADAO token. What is Adadao (ADAO) | What is Adadao token | What is ADAO token?
ADADAO is a DeFi protocol on Cardano blockchain which facilitates creation of fully collateralized stable coins leveraging Native Cardano Assets. We are starting with ADA tokens only but the governance can decide on addition of more assets as and when required. ADADAO functions as a DAO (Decentralized Autonomous Organization). AUSD is the stablecoin generated using this protocol. ADAO is the utility and governance token which allows users to decide how the protocol functions and also gives them a share of the fees raised through the protocol.
The ADADAO foundation is taking care of the initial development of the project and plan to gradually offload its duties to the governance.
ADAO and AUSD are Cardano Native Tokens and users need to have a supported Cardano wallet to be able to receive it. They will also be able to trade the token in various exchanges.
Stablecoin
The AUSD stable coin is a soft-pegged cryptocurrency, decentralized, unbiased, collateral-backed, which can be stored in wallets or used on platforms. ADADAO Vaults are non-custodial & permissionless protocol and all generated stablecoins are backed on-chain by an excess collateral.
AUSD is easy to generate, access, and use. The ADADAO Protocol allows users to earn AUSD by placing collateral assets into ADADAO Vaults, which is how AUSD is circulated and users can access liquidity, while others get their hands on AUSD by buying it from brokers or cryptocurrency exchanges.
AUSD can be used exactly like any other cryptocurrency once it has been generated, acquired, or received: it can be sent to others, used to pay for goods and services, or to buy more ADA for creating a leveraged position.
Every AUSD in circulation is directly backed by extra collateral, which means that the collateral is worth more than the AUSD loan, and all AUSD transactions are visible on the Cardano blockchain.
Key Terms:
The Stability Fee : is a fixed percentage calculated on top of the amount of AUSD generated against the collateral of a Vault. Only AUSD is used to pay the fee, which is subsequently transferred to the ADADAO Buffer. This is a one time fee and does not depend on the duration of the loan.
Liquidation ratio : ADADAO Governance expects low price volatility of the collateral if the Liquidation Ratio is low; if the Liquidation Ratio is large, ADADAO Governance expects considerable volatility. Liquidation Ratio will be different for every asset. As we are starting with ADA collateral only, the liquidation ratio will be determined through governance proposal.
Liquidation Penalty : a fee added to a Vault’s total outstanding generated AUSD when a Liquidation occurs, is known as liquidation penalty. This penalty is charged in order to incentivise users to always keep their positions over collateralized.
Collateral Auction Duration : ADADAO Vaults have a limit on how long Collateral auctions can last. The durations of the debt and surplus auctions are global system parameters.
Liquidations
Users interact directly with Vaults and the ADADAO Protocol, and each user has total and independent control over their placed collateral as long as the value of the collateral does not fall below the required minimum level (the Liquidation Ratio).
If the collateral value (in USD) goes too low, the vault is automatically liquidated. Then the Protocol auctions off a portion of the collateral to cover the outstanding debt plus the Liquidation penalty and the protocol also then burns AUSD to deplete the supply.
The collateral that is left over is given to the vault owner.
Governance of the ADADAO Protocol
The ADAO token, which serves as the ADADAO Protocol's governance token, allows holders to vote on changes to the protocol. It should be noted that anybody can submit suggestions for an ADAO vote, not just ADAO holders.
Any voter-approved changes to the Protocol's governance variables will most likely not take effect right away; instead, if voters choose to activate the Governance Security Module, they could be postponed by up to 24 hours (GSM). By triggering a Shutdown, ADAO holders would be able to safeguard the system, if required, from a harmful governance proposal (e.g., a proposal that changes collateral parameters in contravention of established monetary rules or permits security systems to be disabled).
ADAO holders have the option to vote on the following:
- Add a new collateral asset type with a unique set of Risk Parameters.
- Change the Risk Parameters of one or more existing collateral asset types, or add new Risk Parameters to one or more existing collateral asset types.
- Choose the set of Oracle Feeds.
- Choose the set of Emergency Oracles.
- Trigger Emergency Shutdown.
- Upgrade the system.
Risk Parameters Controlled by ADADAO Governance
Each Vault type (for example, ADA vault) has its own set of Risk Parameters that must be followed. The criteria are set depending on the collateral's risk profile, and ADAO holders have direct control over them through voting.
The Key Risk Parameters for ADADAO Vaults are:
Debt Ceiling : The maximum amount of debt that can be created by a single collateral type is referred to as the debt ceiling. ADADAO Governance gives a Debt Ceiling to each collateral type, which is intended to guarantee that the ADADAO Protocol collateral portfolio is sufficiently diverse. Once a collateral type's Debt Ceiling has been reached, it's no longer feasible to establish new debt unless some existing users pay off all or part of their Vault debt.
The Stability Fee : It is a one-time fee levied when a collateralized vault is created. It is a fixed percentage of the amount if AUSD taken out from the system. It is not time dependent. Liquidation ratio: ADADAO Governance expects low price volatility of the collateral if the Liquidation Ratio is low; if the Liquidation Ratio is large, ADADAO Governance expects considerable volatility.
Liquidation Penalty : fee added to a Vault’s total outstanding generated AUSD when a Liquidation occurs, is known as liquidation penalty
Collateral Auction Duration : ADADAO Vaults have a limit on how long Collateral auctions can last. The durations of the debt and surplus auctions are global system parameters.
Auction Bid Duration : The amount of time until a single bid expires and the auction concludes.
Auction Step Size : This Risk Parameter was created to encourage early bidders in auctions while also preventing abuse by bidding a little amount higher than the current bid.
Risk and Mitigation Responsibilities of Governance
ADADAO Governance must take the required actions to mitigate risks in order for the ADADAO Protocol to function properly. Some of these threats are listed below, each with a mitigation strategy.
1. A malicious attack on the smart contract infrastructure by a bad actor: for example, a programmer who discovers a flaw in the deployed smart contracts and then exploits it to break the Protocol or steal from it—is one of the greatest threats to the ADADAO Protocol.
MITIGATION : The ADADAO Protocol's security is the Foundation's top priority, and Formal Verification is the Protocol's strongest defense. We will get the smart contracted audited from the best auditing firms and from multiple sources in order to create a smart contract which is free from flaws.
2. A black swan event: A black swan incident is a rare and serious system-wide surprise strike on the ADADAO Protocol.
Examples of a black swan event include:
- An attack on the collateral types that backs AUSD.
- A large, unexpected price decrease of one or more collateral types.
- A highly coordinated Oracle attack.
- A malicious ADADAO Governance proposal.
MITIGATION : While no single solution is fool proof, the ADADAO Protocol's careful design (the Liquidation Ratio, Debt Ceilings, Governance Security Module, Oracle Security Module, Emergency Shutdown, and so on) combined with good governance (quick response in a crisis, thoughtful risk parameters, and so on) help to prevent or mitigate the potentially severe consequences of an attack.
ADAO Token
The ADAO token is the utility and governance token of the ADADAO ecosystem which rewards holders with profits from ADADAO and allows those who hold it to vote on changes to the project’s parameters
Total Supply: 500,000,000 token
Circulating Supply: 58,000,000 token
How and Where to Buy ADAO token?
ADAO has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ADAO token
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase ADAO from the exchange.
The top exchange for trading in ADAO token is currently: Trade ADAO, MEXC, PancakeSwap (V2), and LATOKEN
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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Find more information ADAO token ☞ Website
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!
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