Stablecoin Information
WAD is an overcollateralized stablecoin minted through DorkFi, a cross-chain borrow/lend protocol on the Algorand Virtual Machine (AVM). Users deposit collateral assets and borrow WAD at controlled interest rates.
Category:crypto-backed
Minting and Redemption
WAD is minted by depositing accepted collateral (ALGO, USDC, UNIT, VOI) into DorkFi lending pools. WAD can be repaid at any time to reclaim collateral. The protocol uses utilization-based dynamic interest rates.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | +0.00% | +0.00% | +1.03% | 21,408.05 | ||
| 0 | -0.00% | -0.10% | +9.92% | 12,505.71 |