TAI
  • How does TAI work?
    • Overview
    • Supported Collaterals
    • Liquidations and Auctions
    • Tokenomics
    • Governance
      • Goverance Process
      • Governance Parameters
    • Rewards
    • Audits
  • TAI Protocol: In-depth
    • Contracts
      • System Contracts
        • Core Module
          • SAFE Engine
          • Liquidation Engine
          • Accounting Engine
        • Auction Module
          • Increasing Discount Collateral Auction House
          • Debt Auction House
          • Surplus Auction House
        • Oracle Module
          • Oracle Relayer
          • Medianizer
            • DSValue
            • Governance Led Median
            • Chainlink Median
          • FSM
            • Oracle Security Module
        • Token Module
          • Token Adapters
          • System Coin: TAI
          • Protocol Token: RATE
          • Protocol Token Authority
        • Money Market Module
          • Tax Collector
        • Sustainability Module
          • Stability Fee Treasury
          • FSM Wrapper
          • Increasing Treasury Reimbursement
          • Mandatory Fixed Treasury Reimbursement
        • Automation Module
          • Collateral Auction Throttler
          • Single Spot Debt Ceiling Setter
          • ESM Threshold Setter
        • Governance Module
          • DSPause
        • Shutdown Module
          • Global Settlement
          • ESM
      • Proxy Infrastructure
        • DSProxy
        • Proxy Registry
      • Helper Contracts
        • SAFE Manager
      • Contract Addresses
    • Data APIs
      • API Endpoints
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  • What is TAI?
  • How to use TAI?
  • What are the benefits of TAI?
  1. How does TAI work?

Overview

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Last updated 1 year ago

What is TAI?

TAI is a protocol on Ethereum that allows users to receive loans against their LSD collateral. Users can lock their collateral in a safe and receive a loan. The loan comes in the form of TAI, a stable ERC-20 token. The user incurs a small fee(0.5-4% annualized) on their loan, depending on the collateral used.

How to use TAI?

Users interact with the TAI protocol at

What are the benefits of TAI?

Battle-tested Code

TAI is a fork of the security proven DAI/RAI architecture and codebase.

Veto Power for Stablecoin Holders

Holders of the stablecoin TAI can vote to veto any proposal passed by governance. The threshold needed to enact a veto is 25% of total TAI supply.

Community Ownership and Rewards

Currently, users receive rewards for getting a TAI loan and also for providing liquidity in the TAI/ETH pool. Rewards are distributed in RATE, the DAO token of TAI.

RATE can be used to vote on system decisions and parameters. RATE holders can also bid to exchange their RATE for surplus revenue from the system.

Decentralization of Liquid Staking

The vision of TAI is to support many new upcoming Liquid Staked Tokens(LSTs) as collateral. Adding support for new collaterals supports the diversification of liquid staking and thus strengthens the decentralization properties of the Ethereum ecosystem.

app.tai.money