Taiga Protocol
  • Overview
    • Introduction
    • Architecture
    • Benefits & Use Cases
    • Assets
    • TAI Token
      • Distribution Schedule
      • Emission Model
      • TAI Incentive Program
  • Appendix
    • NUTS Finance
  • Resources
    • Wiki
      • Frequently Asked Questions
      • Guides
        • Start with Polkadot.js
          • Connect wallet
          • Transfer assets to Karura
          • Transfer assets to Acala
        • Start with Talisman
          • Connect wallet
          • Transfer assets to Karura
          • Transfer assets to Acala
        • Start with Subwallet
          • Connect wallet
          • Transfer assets to Karura
          • Transfer assets to Acala
        • Taiga Protocol
          • On Karura dApp
            • tKSM on Karura (KSM-LKSM)
            • KSM-LKSM Swap
            • TAI-tKSM Pool
            • 3pool on Karura (aUSD-USDC-USDT)
              • 3pool on Karura Add/Remove Liquidity
              • Mint aUSD
              • Bridge USDC to Karura (via Karura)
              • Bridge USDC to Karura (via Wormhole)
              • Bridge USDT to Karura
          • On Taiga dApp
            • tKSM on Karura (KSM-LKSM)
            • 3pool on Karura (aUSD-USDC-USDT)
            • tDOT (DOT-LDOT) on Taiga dApp
          • On Acala dApp
            • tDOT (DOT-LDOT) on Acala
        • EVM Account
    • GitHub
    • Ambassador Program
    • Twitter
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On this page
  • What our synthetic assets can help you achieve?
  • How tDOT/tKSM works?

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  1. Overview

Assets

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Last updated 1 year ago

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Currently, we have three synthetic assets:

  • tDOT on Polkadot

  • tKSM on Kusama

  • 3pool(3USD) on Kusama

tDOT is a unified liquidity standard for staking and crowdloan DOT derivatives backed by a liquidity pool composed of native DOT and DOT derivatives (ie. DOT-LDOT) on Acala.

tKSM is a unified liquidity standard for staking derivatives backed by a liquidity pool composed of native KSM and KSM derivatives (ie. KSM-LKSM) on Karura.

3pool is the first stablecoin pool powering the Kusama ecosystem composed up of aUSD, USDC, USDT on Karura.

What our synthetic assets can help you achieve?

  • Maintains a stable value peg against DOT/KSM powered by the

  • Maintains the underlying effective yield of LDOT/LKSM and standardizes the process of yield aggregation and distribution amongst tDOT/tKSM holders

  • Liquidity for traders to trade between DOT-LDOT and KSM-LKSM

How tDOT/tKSM works?

Let's use tDOT as an example:

All tDOT will be minted on Acala as it serves as the primary DeFi hub on Polkadot. The Acala ecosystem has an abundance of use cases and economic value for tDOT as it holds a significant amount of Staking DOT and Crowdloan DOT.

  • Stable Asset system can be deployed as a Substrate pallet or EVM module across different Parachains

  • tDOT is backed by DOT-DOT derivative liquidity pools (ie. DOT-LDOT, DOT-lcDOT)

  • tDOT accrues yield and swap fees from the underlying liquidity pools

  • tDOT minter function is deployed on Acala, which serves as the hub for minting tDOT

  • XCM enables the transfer of tDOT across parachains

The composition of tDOT is designed to support any DOT-xDOT asset pairs. For more architectural details, please read .

Stable Asset system
here