What is TiPiDao? TiPiDao is a decentralized reserve currency protocol based on the TPD token. Each TPD token is backed by a basket of assets in the TiPiDao treasury, giving it an intrinsic value that it cannot fall below. TiPiDao also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.
What is the point of TiPiDao?¶
Our goal is to build a policy-controlled currency system, in which the behavior of the TPD token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that TPD can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.
How do I participate in TiPiDao?¶
There are two main strategies for market participants: staking and bonding. Stakers stake their TPD tokens in return for more TPD tokens, while bonders provide LP, BUSD or USDT tokens in exchange for discounted TPD tokens after a fixed vesting period. Governance participants can get involved on our forum and through discussions on our Telegram and Discord servers respectively. We are always looking for new community members to contribute!
How can I benefit from TiPiDao?¶
The main benefit for stakers comes from supply growth. The protocol mints new TPD tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in TPD and thus the bonder’s profit would depend on TPD price when the bond matures. Bonders benefit from a rising or static TPD price.
Who runs TiPiDao?¶
No one. TiPiDao is DAO-governed. All decisions are formed by community members on the forum and made by token holders through snapshot voting.