Introduction
Cashio is a decentralized application that allows users to do two things:
Print a USD pegged stable coin - $CASH - by depositing stable pair LP tokens of corresponding value as collateral.
Burn $CASH to redeem the underlying LP tokens.
$CASH can be leveraged in DeFi for competitive yields from stable coins (up to 30% APY), used as a decentralized store of value/ medium of exchange, or swapped with any other traditional stable coin on the market at a 1:1 ratio.
A user deposits stable pair LP tokens to the Cashio protocol, where deposits are staked into Sunny Aggregrator and Quarry in a Crate for $SUNNY and $SBR yields via Arrow Protocol.
This creates a treasury that grows for the DAO as long as people hold $CASH. Hence: (💵, 💵)
The Cashio DAO is a Decentralized Autonomous Organization that has the purpose of increasing the adoption of $CASH by leveraging the profit from the Cashio Treasury. The DAO will be powered by Tribeca Protocol. For more info on the governance token see Tokenomics.
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