Proposal: Add $IAG as a borrowable asset to Aada V1
Proposal Description
I would like to add the $IAG as a borrowable asset in Aada V1.
- Approve
- Disapprove
Short Summary
Iagon aims to build a marketplace for decentralized storage and computing resources. Adding the project’s native $IAG token will interlink Aada Finance to the emerging decentralized cloud storage solutions ecosystem.
Iagon’s primary goal is to build a decentralized cloud storage infrastructure through a web, Electron, and browser app. Other upcoming products include:
- Cardano wallet - Adagio
- Storage marketplace - Rubato
- Network performance explorer
The $IAG token is the primary medium of incentivization for well-performing storage providers and community participation.
The Iagon infrastructure is the leader in Web3 storage solutions on Cardano. Introducing Aada Finance users to the $IAG token will enable them to grasp the merits of the emerging decentralized cloud storage and computing services ecosystem. Moreover, users will have the opportunity to take advantage of the upcoming staking and profit-sharing incentives.
- Earn rewards through staking
- Profit-sharing from transaction fees
- Incentivizing well-performing storage providers
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Max Supply: 1.0B
Total Supply: 1.0B
Circulating Supply (Taptools): N/A
Diluted Market Cap (Taptools): 30,224,521 ₳ (08.05.2023)
TVL (Minswap): 376.39K ₳ (08.05.2023)
Holders: 6244 (08.05.2023)
Volume 24h (Minswap): 66.81K ₳ (08.05.2023)
Conclusion
Adding $IAG as a borrowable asset to the Aada Finance protocol will enable users to borrow the token to take advantage of its utility. Moreover, it will connect Aada Finance to the emerging decentralized computing resources and storage solutions market.