Asgard Dao is a decentralized reserve currency built on Binance Smart Chain. Each Asgard token is backed by 1 USD (like DAI, USDT, USDC, BUSD) in the treasury. Initially, we gonna start with USDT as a treasury asset. But after launch, other stablecoins will also be added to balance our treasury i.e. BUSD, USDC, etc. Except for protocol, tokens cannot be burned or minted by anyone.Investments can be done with calculated risk as 1 USDT will be the guaranteed long-term price floor. Also due to this, the protocol can (and will) buy indefinitely below 1 USDT until no one sells, even if the supply is decreased to 0. In this example, only those will be get rewarded who did not sell massively because they would end up with a chunk of every token that was burned! Holding stablecoins that back tokens also creates a yield generation opportunity.Locking stablecoins in a vault would then be of no use. The protocol will never need more than a few % of reserves, even on the big down days, which simply means you are free to use the rest to add into yield aggregators and plug those proceeds onto profits from buying and selling Asgard.

Asgard Dao

Asgard Dao is a decentralized reserve currency built on Binance Smart Chain

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