TapiocaDAO Token Launch Auction Begins June 11th

After two years in development, one of the most highly anticipated Omnichain protocols announced with LayerZero Labs on an X space today it will be beginning its Genesis on June 11th. Tapioca is an Omnichain Stablecoin ecosystem built atop LayerZero V2, and features USDO, an over-collateralized Omnichain decentralized stablecoin. The Tapioca protocol is focused on achieving the first interoperable and scalable censorship resistant decentralized stablecoin. With Tapioca, you can borrow, leverage, and lend assets in a completely chain abstracted manner. Tapioca also has been well known for its call option incentive model, creating an entirely new paradigm to DeFi token economics.

TapiocaDAO Genesis will begin with a Token Launch Auction of its TAP token on the Arbitrum network, via a Liquidity Bootstrapping Pool (LBP). Details on the TAP token itself may be found in a Mirror article put out by Tapioca’s founder, twMatt. The launch auction itself will take place at genesis.permissionless.one.

For more information on TapiocaDAO, please visit tapioca.xyz

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