Astar

AstridDAO is a decentralized borrowing protocol 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) and need to maintain a minimum collateral ratio depending on the collateral assets you deposit. In addition to the collateral, the loans are secured by a Stability Pool containing BAI where borrowers collectively act as guarantors to ensure a fast and safe liquidation process.