DescriptionAstridDAO is a decentralized borrowing protocol on Astar that allows you to draw interest-free loans against multiple collateral assets (e.g. ASTR, ETH, BTC, and etc.). Loans are paid out in BAI (a USD pegged stablecoin).
Minting and RedemptionUsing the AstridDAO app, users mint BAI by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back BAI is burned.