Article Summary, Automatically Generated By AI
Summary
- $ATID: protocol token of AstridDAO, decentralized money market and issuer of $BAI stablecoin
- Lock $ATID to generate $veATID token, boosting farming rewards, sharing protocol revenues, earning staking rewards, and voting on new collaterals
Introducing AstridDAO Token: Empowering Decentralized Governance
The AstridDAO protocol token, $ATID, plays a pivotal role in the decentralized money market, which is also responsible for issuing the Polkadot-native, multi-collateral stablecoin, $BAI. By locking $ATID, users can generate the voting escrow token, $veATID, thereby amplifying farming rewards, sharing protocol revenues, earning staking rewards, and exercising voting power on new collateral proposals, among other benefits.