Proposal: Add $CLAY token as a borrowable asset to Aada V1
Proposal Description
- Approve
- Disapprove
0 voters
I would like to add the $CLAY token as a borrowable asset in Aada V1.
Short Summary
Clay Nation is one of Cardano’s most popular NFT collections, opening its users to art, music and metaverse. As its leading utility and governance token, $CLAY is an attractive addition to the Aada Finance V1 protocol. It will enable users to leverage the clay world and reap the benefits of
Motivation
Clay Nation is in the top 3 most significant NFT collections on Cardano. Over time, the project released multiple NFT collections, the most prominent one reaching a volume of around 30M ₳. Along with NFTs, the project has ventured out on music collaborations with rapper Champ Medici and plans to create a metaverse. The ecosystem involves over 8500 $CLAY holders - the project’s utility and governance token.
So far, 8596 addresses are holding $CLAY. This is a substantial number of potential users of the V1 protocol. Moreover, adding $CLAY to Aada V1 will enable the community to earn rewards by delegating to the Clay SPO. Of course, borrowing $CLAY will allow users to take advantage of the upcoming Clay DAO governance and Clayverse.
- $CLAY is the primary utility token for Clay Nation and the Clayverse;
- $CLAY tokens can be used for voting in the Clay DAO governance;
- Holders can stake their $CLAY in the project’s Stake Pool to earn more tokens;
Max Supply: 2,500,000,000 $CLAY
Circulating Supply: ~250,000,000 $CLAY
Diluted Market Cap (Taptools): 87.69M ₳ (29.11.2022)
TVL (Minswap): 1.53M ₳ (29.11.2022)
Holders: 8596 (29.11.2022)
Volume 24h (Minswap): 62.19K ₳ (29.11.2022)
Conclusion
Adding the $CLAY token to the Aada Finance platform is essential for bridging the world of NFTs with DeFi. Moreover, we will attract more NFT fans to try and use the V1 app. Ultimately, the platform users will get the chance to earn rewards without purchasing $CLAY from a DEX.
