As per its website, PIDAO is a leading decentralized reserve currency protocol founded on the PID token. PIDAO seeks to create a community-driven decentralized finance (DeFi) foundation for the crypto universe. 

Its whitepaper says PIDAO aims to design a policy-controlled currency procedure in which the working of the PID token is handled at a high level by the DAO. A decentralized Autonomous Organization (DAO) automates decision-making processes and facilitates cryptocurrency transactions. Also, in the long run, the system can be used for consistency and stability so that PID can serve as a global medium-of-exchange currency. Currently, the aim is to optimize the entire system for better growth and wealth creation.

There are two primary strategies for market users: staking and bonding. Stakers can stake the PID tokens to obtain more PID tokens. At the same time, bonders supply LP or USDT tokens in order to acquire discounted PID tokens after a limited vesting period. LP tokens are evidence that a user owns a portion of the liquidity pool, which can be used to draw the crypto tokens from the liquidity pool at any point in time. USDT is a stablecoin that desires to keep its valuations more stable. 

The main advantage for stakers comes from the token's supply growth. The protocol mints more PID tokens from the essential treasury, which is allocated to the stakers. Thus, the profit for stakers comes from the auto-compounding balances, although cost exposure remains a crucial consideration. The significance is that if there is an increase in token balance and a potential reduction in price (due to inflation), stakers can profit.

The main advantage for bonders comes from the price consistency. Bonders achieve capital upfront and are vowed a fixed return within a specific point in time; the return is in PID. Therefore, the bonder's earnings depend on PID value when the bond grows. Bonders gain significant benefits from a rising or fixed PID price.

A distributed pseudo-anonymous team created PIDAO.

We update our PIDAO to USD currency in real-time. Get the live price of PIDAO on Coinbase.