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TeaDAO appears to be an OlympusDAO fork that is in the Binance Smart Chain. The platform will follow a very complex system which involves multiple interconnected smart contracts that aim to build its reserve thru its platform profits to give its native token an intrinsic value that can support its unique approach on being an algorithmic reserve currency backed by decentralized assets.
OlympusDAO forks usually offer two options for users on its platform: Staking — the platform allows you to deposit the native token where it gives out a token receipt that recalculates on every certain period (rebase) for your percentage share of native tokens in the pool which were collected from the platform fees and reward rates; and Bonding — lend your LP tokens to the platform to gain discounted native tokens that is vested over a certain period. This method allows the platform to gain revenue from LP rewards to further reinforce its reserves and ensure exit liquidity.
Fork of OlympusDAO:
- ⚠️ No reputable audits as of date
- ⚠️ Liquidity is not locked with RugDoc
- ✅ KYC’d with RugDoc – 1 out of 3 owners have KYC’d with RugDoc but we strongly encourage all remaining members to KYC.
- ✅ Multisig
We are classifying this as [Some Risk] and will consider lowering the rating to [Low Risk] once the project has passed a reputable audit. Before investing, we also recommend users to conduct their own due diligence checks.
*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
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Disclaimer: This is done with our best knowledge and effort, nothing can be known for certain – always DYOR and risk management. This is NOT financial advice. Use the information presented here to inform your own decisions. Referral links may be included on any outbound link.