Taiga Protocol

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Revision as of 10:53, 3 August 2022 by Define (talk | contribs) (taiga protocol)
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A synthetic asset protocol designed to enable maximum efficiency for uniform assets on Kusama.

Taiga is a synthetic asset protocol enabling efficient liquidity for uniform assets on Kusama.It is designed to remove liquidity silos by synthesizing different formats of asset into a highlyusable synthetic asset for the Kusama ecosystem.

They bring efficient liquidity for Parachains, Liquidity Providers, Traders and Project Teams.

Product

Taiga Protocol is Stable Asset on Kusama network. It consists of three stable synthetic assets:

  • taiKSM
  • taiUSD
  • taiBTC

taiKSM is the first stable asset launched on Kusama.

taiKSM Utility

Do more with taiKSM

  • Unleash liquidity by collateralizing taiKSM to mint kUSD.

Stable Swap

  • TaiKSM provides a stable value peg, Traders can swap between different versions of KSM with minimal low slippage.

Liquidity Provisioning

  • Direct taiKSM common pool liquidity to help Project Teams bootstrap LP pools.

TAI Token

Governance

Empowers the community to vote and drive sustainable developments for Taiga.

Protocol Economic Earnings

Capture a portion of Taiga's protocol economic earnings via open market buybacks.

Liquidity Provisioning

Direct taiKSM common pool liquidity to help Project Teams bootstrap LP pools.

LPs and Usage Incentives

Incentivize LPs and Synthetic Asset users.

Sources: