Introducing tDOT, the better way to hold DOT
The stability of native DOT, with the yield of LDOT.
24%
Current APR
136,660
Circulating tDOT
$1,468,000
All-time Volume
Stable Peg against DOT
tDOT is pegged against DOT using our Stable Asset System
Multiple Sources of Yield
tDOT generates sustainable yield from underlying derivatives, protocol fees and token incentives
Easy and Simple to Use
Straight forward interface allows you to mint and redeem tDOT without complexity
Our Products
By providing assets to mint tDOT on Acala, you will earn yield from LDOT and protocol fees
Enter dApp
By providing assets to mint 3USD on Karura, you will earn protocol fees, subsidy from Kusama Treasury and TAI & KAR incentive
Enter dApp
By providing assets to mint taiKSM on Karura, you will earn yield from LKSM, protocol fees and TAI incentive
Enter dApp
tDOT
39,06%
APY
3USD
39,06%
APY
taiKSM
39,06%
APY
Which users benefit from tDOT?
Sustainable and High Real Yield
tDOT has one of the best, if not the best, APR on DOT tokens - without using token emissions, and relying solely on sustainable sources of yield. Furthermore, a user can hold tDOT and then borrow aUSD on a money market using it as collateral, or simply mint aUSD directly on Acala, all the while still accumulating yield and fees on their tDOT.
Enter dApptDOT has one of the best, if not the best, APR on DOT tokens - without using token emissions, and relying solely on sustainable sources of yield. Furthermore, a user can hold tDOT and then borrow aUSD on a money market using it as collateral, or simply mint aUSD directly on Acala, all the while still accumulating yield and fees on their tDOT.
Maintain Liquidity while Generating Yield
An institutional holder of DOT who wants to generate excellent yield on their holdings has a hard time if also wanting to simultaneously maintain liquidity. Staking on the relay chain has a lengthy 28 day unbonding period, and if using a liquid staking solution, there is still a level of volatility that has to be taken into account.
With tDOT being pegged to native DOT, users are able redeem 1:1 at anytime - regardless of market conditions.
Enter dAppAn institutional holder of DOT who wants to generate excellent yield on their holdings has a hard time if also wanting to simultaneously maintain liquidity. Staking on the relay chain has a lengthy 28 day unbonding period, and if using a liquid staking solution, there is still a level of volatility that has to be taken into account.
With tDOT being pegged to native DOT, users are able redeem 1:1 at anytime - regardless of market conditions.
Earn Yield without Impermanent Loss
While LPs are able to earn trading fees passively, with tDOT, they’re able to also receive a pegged asset without impermanent loss (due to dynamic nature of the composition), which is also far more usable.
For example, DOT derivative holders can provide liquidity and receive tDOT in exchange which can then be used to mint stablecoins or use as collateral to borrow other assets.
Enter dAppWhile LPs are able to earn trading fees passively, with tDOT, they’re able to also receive a pegged asset without impermanent loss (due to dynamic nature of the composition), which is also far more usable.
For example, DOT derivative holders can provide liquidity and receive tDOT in exchange which can then be used to mint stablecoins or use as collateral to borrow other assets.
Lucrative Arbitrage Opportunities
Users are able to swap uniform assets with high efficiency and low slippage using Tapio protocol such as when swapping DOT to LDOT and vice versa. Also, when underlying assets temporarily lose their peg, traders are able to take advantage by exploiting arbitrage opportunities.
For example, in a volatile environment, users may be selling their LDOT for DOT, inducing a discount on LDOT, which can then be taken advantage of by depositing DOT and receiving more than 1 DOT worth of LDOT in return - while tDOT maintains it’s peg throughout.
Enter dAppUsers are able to swap uniform assets with high efficiency and low slippage using Tapio protocol such as when swapping DOT to LDOT and vice versa. Also, when underlying assets temporarily lose their peg, traders are able to take advantage by exploiting arbitrage opportunities.
For example, in a volatile environment, users may be selling their LDOT for DOT, inducing a discount on LDOT, which can then be taken advantage of by depositing DOT and receiving more than 1 DOT worth of LDOT in return - while tDOT maintains it’s peg throughout.
Integrate for Consolidated DOT Liquidity, rather than Multiple Derivatives
Developers building applications are faced with countless versions of assets on multiple parachains from liquid staked tokens, to crowdloan derivatives. Rather than integrating each of these assets individually, tDOT can instead be adopted which enables the acquisition of liquidity from various pools for a whole suite of derivatives, making the uphill battle of coverage a far less difficult one.
Enter dAppDevelopers building applications are faced with countless versions of assets on multiple parachains from liquid staked tokens, to crowdloan derivatives. Rather than integrating each of these assets individually, tDOT can instead be adopted which enables the acquisition of liquidity from various pools for a whole suite of derivatives, making the uphill battle of coverage a far less difficult one.
Holders
Tapio’s synthetic assets can increase the usability of uniform assets (e.g. DOT, LDOT, lcDOT) by unlocking liquidity from crowdloan and staking use cases.
For example, a user can hold tDOT and then borrow or mint aUSD against opening up the ability to pursue other yield generating ventures. The tDOT within your vault however is still accumulating yield from the underlying assets.
For example, a user can hold tDOT and then borrow or mint aUSD against opening up the ability to pursue other yield generating ventures. The tDOT within your vault however is still accumulating yield from the underlying assets.
Enter dAppInstitutions
Liquidity Providers
Traders
App Builders
What is Tapio Protocol?
Tapio is a synthetic asset protocol designed to unify different formats of staking and crowdloan derivatives into a highly efficient standard. It is comprised of our Stable Asset engine, as well the Stable Swap mechanism.
Composable and Built for Substrate
Ready for deployment across the entire Polkadot ecosystem with our XCM-enabled modules. Implement either native minting of tDOT and 3USD with local liquidity pools, or setup liquidity pools for XCM-assets from other chains.
Easily Integrated into Applications
Whether you're an exchange, money market, or any other DeFi application - tDOT can be supported both as an asset type but also as a liquidity pool.
Supports all Uniform Asset Pools
Tapio can support any selection of uniform or related assets, such as stablecoins and derivatives.
Standardized Yield Handling
Tapio can transparently aggregate and distribute the yield from underlying interest bearing assets such as LDOT or LKSM. This allows users, and projects to forego having to explore which staking option to choose and instead can opt for a Tapio product as the sole place to consolidate rewards.
Audits
Tapio has been audited to verify our integrity and security
Acala Network | Dec 2021
Security Review of The Acala Runtime - StableAsset Module
Tapio Protocol | Dec 2022
In-depth Audit of Stable Asset V2
Backers and Partners
