Minting, Staking, Unstaking
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Smart Contracts
Section titled “Smart Contracts”AID alpha
Section titled “AID alpha”- Mint: deposit the underlying asset and AIDa will be minted to your wallet
- Utility: holding AIDa, or deposit to external Defi venues to to earn points
- Burn: during the withdrawal period, users can burn their AIDa and retrieve the underlying assets
- Mint and burn: Authorized minter contracts will be deployed. Each minter contract is responsible for taking 1 asset and mint AID. Users can call the minter contract, send the corresponding assets and AID will be minted to the user. Burning is the reverse process. User calls the minter, burns their AID, and get the underlying asset back.
- Staking: AID can be staked to a pool to earn yield. Users will get a yield bearing token sAID upon depositing to the pool.
- Cross-chain: AID uses Omnichain Fungible Token (OFT) Standard of bridge infrastructure provided by LayerZero, which is widely used in the industry. Users can easily bridge AID across different blockchains.