PIDAO PIDPrice $ 5.58

PIDAO is a decentralized reserve currency protocol based on the PID token and aims at building a community-owned decentralized financial infrastructure for the crypto world. Each PID token is backed by a basket of assets (e.g. DAI, FRAX) in the PIDAO treasury, giving it an intrinsic value that it cannot fall below. PIDAO also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

There are two main strategies for market participants: staking and bonding. Stakers stake their PID tokens in return for more PID tokens, while bonders provide LP or DAI tokens in exchange for discounted PID tokens after a fixed vesting period.

PIDAO is DAO-governed. All decisions are formed by community members on the forum and made by token holders through snapshot voting.

PINFT is an important part of the PIDAO ecosystem. Holders can obtain PINFT Collections by staking sPID. In the near future, PINFT will be widely used in PIDAO's protocol governance and community activities, becoming a status symbol of PINFT holders in the PIDAO ecosystem.