• What is TapiocaDAO ?
TapiocaDao is cross-chain, omnichain money market protocol, built on Layer 0 technology. It aims to provide a seamless experience for borrowing, lending of assets across multiple chains.
TapiocaDao uses a L0 tech to utilises LayerZero’s message-passing network to support any EVM and nonEVM chains
Using TapiocaDao user's can lend and borrow assets across different chains. This means that users can collateral assets in one chain and borrow asset on another, without having to go through the hassle of transferring assets between chains.
• usdØ Stablecoin
usdØ stablecoin is Decentralised multi-collateral stablecoin that can be minted through BTC, ETH, MATIC, AVAX etc..
Users can move usdØ across different chains without needing to use a bridge. In fact, usd0 can mint and burn chain-to-chain just like transferring a token between two wallets, no slippage, wait times, etc
• TapiocaDao Partner
TapiocaDao has taken an anti-VC approach to enforce the community aspect and fairness of its tokenomics.
While some of its partners, like DCF God & Jones DAO and Crypto.com, have been disclosed, others have not been officially announced.
• Tokenomics
Tapioca DAO Token ($TAP) has a fixed supply of 100,000,000
and 2.5% of $TAP will be Airdrop as a $oTAP Option Airdrop
⎘"first you need to learn about $oTAP"
•WTF! is $oTAP ?
$oTAP is simply an American call option on $TAP, or the right to purchase $TAP below its market value.
It's not $TAP that you can dump Quickly to exit…..🪂
With oTAP/aoTAP, users can purchase $TAP OTC below market value(it varies 30-50%) from the Tapioca DAO by exercising their oTAP call options.
Example : You receive oTAP(50% discount) through mining/airdrop, If $TAP is 10$ at snapshot time you can purchase a $TAP at 5$
• The Airdrop
Tapioca’s $aoTAP call options airdrop will be distributed to LBP Participants(IDO), Tapioca’s Guild member, twTAP lockers and to a soon-to-be-released NFT collection called “Pearl Club” and its respective holders.
⏤ Liquidity Bootstrapping Pool (LBP)
LBP participant will get Higher Airdrop total of 1.5 Million from 2.5M $TAP
LBP participant will get 0.5 $aoTAP for every 1 $TAP purchase (minimum 0.3)
⏤ Guild Members
OG Pearls and Tapiocans will receive 200 $aoTAP each and others are 190 $aoTAP ( variation in Discount )
⏤Pearl Club NFT Holders (will release soon)
pearl Club member will get 250 $aoTAP each
⏤ And finally $twTAP Lockers and Cassava Guild Members
100 $aoTAP each, but there is no any allocation for Cassava role, however, any unclaimed aoTAP will be claimed by Cassava role guild members together with the twTAP lockers during the phase 4 of the options Airdrop.
• Those for who didn't join any Taptalk
⎘ "All role are locked only Cassava you can get
If you are interested in joining the Pearl Club and receiving the Pearl Club NFT, but you have not participated in any of the TAP
There will be 2000 Pearl Club NFTs given out for free in exchange for providing feedback.
It's likely that the above roles holders will easily get them while testing beta. But if you are not one of the members, then you will be placed on an auxiliary list to beta test Tapioca if all 2000 slots are not used."
• What To Do next (For new users)
⏤ Join guild : https://guild.xyz/tapiocada0
⏤ Put "@tapioca_dao pearl club member" Bio on Twitter
⏤ Join next "Taptalk AMA" That hold every Tuesday
⏤ And claim OAT for that and Cassava Role Too
⎘ "Time to Test BETA (for all)....."
• Add Network and fund
⏤ Add fantom, avalanche, arbitrum Test networks : https://chainlist.org
⏤ Fund your wallet with faucet : https://faucet.tapioca.xyz
⎘ "All external Faucet link available in TapiocaDAO Discord "
• Testing the TapiocaDAO Beta
⏤ Open and connect wallet : https://beta.tapioca.xyz/
⏤ Mint test tokens, Click "Mint"
⏤ Select Token and Chain
⏤ Click "Mint" and "Submit" Transaction
⎘ "Mint other asset one by one"
• Borrow $USD0
⏤ Go to "Borrow"
⏤ Select collateral asset
⏤ Enter amount to borrow and "submit"
⎘ "Try this step for multichain lend/borrow"
• Lend your USD0
⏤ Go to "Lend" page
⏤ Select Network to Lend
⏤ Enter amount and "Submit"
• Teleport your Asset
⏤ Go to "Teleport" page
⏤ Select Asset and chain
⏤ select destination Chain Then "Teleport"
🗒 Guide if you don't now how to complete this steps : https://docs.tapioca.xyz/tapioca/guides/minting
If you encounter any Bug ?
Report it by Clicking on "Feedback" (Bottom right corner)
and Also Join Discord to Provide feedBack... :
• Conclusion
Overall, TapiocaDao provides an innovative solution to the limitations of lending and borrowing in a single chain. Its cross-chain functionality and unique tokenomics make it a promising project in the DeFi space.
You can Read blocmates Post that help me to learn about it https://blocmates.com/blogmates/the-definitive-guide-to-tapiocadao
👏Clapp it if you are seeing it on Medium and Collect☘️ for free on mirror
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