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Introduction

What is Cashio?

Cashio is a decentralized application that allows users to do two things:

  1. Print a USD pegged stable coin - $CASH - by depositing stable pair LP tokens of corresponding value as collateral.
  2. Burn $CASH to redeem the underlying LP tokens.

$CASH can be leveraged in DeFi for competetive yields from stable coins (consistently double digit APY), used as a decentralized store of value/medium of exchange, or swapped with any other traditional stable coin on the market at a 1:1 ratio.

A user deposits stable pair LP tokens to the Cashio protocol, where deposits are staked into Sunny Aggregator and Quarry in a Crate for $SUNNY * $SBR yields via Arrow Protocol.

Bottom line: This creates a DAO treasury that grows as long as people hold $CASH. Hence: (💵,💵)

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Disclaimer

All claims, content, designs, algorithms, estimates, roadmaps, specifications, and performance measurements described in this project are done with the author's best effort. It is up to the reader to check and validate their accuracy and truthfulness.