Adadao is a DeFi protocol on the Cardano blockchain that facilitates the creation of fully collateralized stablecoins utilizing native Cardano assets. We're only starting with the ADA token, but governance can decide to add more assets as needed.
Adadao functions as a DAO (Decentralized Autonomous Organization).

ADAO and AUSD are native Cardano tokens, users need to have a supported Cardano wallet to receive it. They will also be able to trade tokens on various exchanges.
AUSD is a stablecoin generated using this protocol. ADAO is a utility and governance token that allows users to decide how the protocol will run and lets them share in fees raised through the protocol.