ADADAO is a DeFi protocol on the Cardano blockchain that enables the creation of fully collateralized stablecoins using Native Cardano Assets. Initially, ADA tokens are supported, but additional assets can be added based on governance decisions.

ADADAO operates as a Decentralized Autonomous Organization (DAO). The stablecoin generated by this protocol is AUSD. ADAO serves as the utility and governance token, allowing users to influence the protocol's operations and receive a share of the fees collected.

The ADADAO foundation is responsible for the project's initial development and plans to gradually transfer its responsibilities to the governance.

ADAO and AUSD are Cardano Native Tokens, requiring users to have a supported Cardano wallet to receive them. Users will also have the option to trade these tokens on various exchanges.