.@USDai_Official will be raising its caps today by 50M (12PM EST)
going to double down here after Plasma's partnership
set your alarms and sign up if you still haven't:
most people aren't paying attention to protocol alignment which can be gamed a bit
your total Allo points stack will be used towards only one side i.e. either ICO or airdrop, you can earn more points through ICO alignment but then game it to get airdrop with those points
@PendleIntern made a nice little guide on this to maximize Allo points if you're going the airdrop route (guide below)
deposited some stables in @USDai_Official
the model is simple, USDai is a yield bearing stablecoin backed by loans against AI hardware and compute
current yield is ~8%, will easily go up to 15-20% as they provide more loans cause GPU demand isn't going anywhere
TVL at 87M right now with a max cap of 100M (expect this to be filled in a few days)
now there's two options to get exposure:
1. ICO (similar to what Plasma did):
- deposit stables, earn allocation, KYC required
- 7% supply, 300M FDV, fully unlocked
2. Airdrop:
- deposit stables, earn 3% of the token supply
- 30D unstaking period
i went with the Auto strategy in airdrop, gives decent yield (20%) + airdrop
deposit link below
3.37K
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