Description
TeaDAO is a decentralized reserve currency protocol that operates on the TEA token, designed to maintain an intrinsic value through a backing of assets such as USDC and ETH in its treasury. It introduces mechanisms like staking and minting to incorporate economic and game-theoretic elements, aiming to create a policy-controlled currency system influenced by DAO governance. This system intends to optimize the treasury to benefit TEA token holders by maximizing the token's intrinsic value and providing yield farming opportunities within DeFi. Additionally, TeaDAO addresses NFT illiquidity and supports GameFi project sustainability through a unique NFT-as-Bonding-Assets mechanism, enabling a community-owned structure where TEA holders participate in shaping its future via on-chain voting. Initially launching on the BNB and Ethereum chains, TeaDAO plans to expand into a multi-chain protocol, emphasizing its role as a Metaverse Reserve Currency.
TeaDAO is a decentralized reserve currency protocol that operates on the TEA token, designed to maintain an intrinsic value through a backing of assets such as USDC and ETH in its treasury. It introduces mechanisms like staking and minting to incorporate economic and game-theoretic elements, aiming to create a policy-controlled currency system influenced by DAO governance. This system intends to optimize the treasury to benefit TEA token holders by maximizing the token's intrinsic value and providing yield farming opportunities within DeFi. Additionally, TeaDAO addresses NFT illiquidity and supports GameFi project sustainability through a unique NFT-as-Bonding-Assets mechanism, enabling a community-owned structure where TEA holders participate in shaping its future via on-chain voting. Initially launching on the BNB and Ethereum chains, TeaDAO plans to expand into a multi-chain protocol, emphasizing its role as a Metaverse Reserve Currency.
