USDAI is a censorship-free stablecoin that is fully backed by crypto. It is completely autonomous, over-collateralized, and anti-inflationary.
Unlike most stablecoins currently in the market, USDAI is code-transparent, decentralized, and 100% backed by crypto.Some key benefits of USDAI are:
1. 100% censorship-free: USDAI is autonomous and not controlled by any entity. Nobody can freeze tokens or manage the collateral, and it is backed by decentralized crypto assets.
2. 100% backed by crypto: USDAI is backed by well-known decentralized crypto assets and stablecoins such as BTC, ETH, USDT, and DAI. This makes it censorship-resistant and over-collateralized with a 500%+ projection.
3. 100% transparent: USDAI is non-profit organization with equal profit opportunities.
4. Rewarding: Users are rewarded for holding USDAI.
5. 100% insured: We introduced insurance capita through BGL to maintain a high over-collateralization ratio despite market downturns.
You can buy USDAI on Curve.fi via the Arbitrum network. Please note that you’ll need to pay very little gas fees in ETH (on Arbitrum) for transactions.
Follow these steps to get USDAI:
1. Connect your wallet
2. Make sure you have USDT on the Arbitrum network
3. Input the amount of USDT you want to swap for USDAI (the exchange rate is ~1:1)
4. Approve the spending by signing the transaction on your wallet
5. Complete the swap
❗ In the case your USDAI tokens don’t automatically reflect in your wallet, custom add it through this Arbitrum contract address: 0x33c88d4cac6ac34f77020915a2a88cd0417dc069
Our topmost priority is creating secure and reliable contracts for our users. To that effect, we have employed the help of diligent and renowned crypto auditors to thoroughly evaluate the USDAI algorithm.
See our excellent results by:
HACKEN
Sherlock
Others
Can’t find what you’re looking for, or think there’s something that needs to be added to this FAQ doc? Check our whitepaper, and if you still can’t find answers, ask your question on our TELEGRAM.