Overview

Autono Cash protocol is a decentralized yield-bearing stablecoin protocol combining robust peg stability with institutional-grade yield strategies. Designed for capital efficiency and DAO-driven sustainability.

USDA, the stable coin pegged to USD, is fully backed by defi vaults of USDC. Users can mint/redeem USDA from/to USDC freely and permissionlessly.

sUSDA is an interest-bearing ERC-4626 token that generates interest income, collected from the vaults. The conversion between USDA and sUSDA is totally freely and immediately.

AUTONO is the governance token of the Autono DAO.

All governance and ownership rights belong entirely to the DAO. The initial dev will not have any governance permissions after the contract is deployed. We are committed to building a completely decentralized DAO governance ecosystem, and Autono Cash will be the first and the core project of this ecosystem.

Some AUTONO tokens are sold publicly by USDA through Autono Cash, which creates an initial demand for USDA. All USDA obtained from the sale belongs to the treasury of the DAO.

How it works

Mint/Redeem Module:

User deposit USDC to the vault and get USDA at a fixed 1:1 ratio, And can redeem USDA to USDC by the vault at any time, the vault will burn the USDA and return back USDC to the user

Vault Module:

The vault manager will deposit the USDC to the blue chip DEFI such as AAVE/SKY DSR/MORPHO to get the interest. The revenue will be distributed to the earn module (80%) and the treasury (20%).

Earn Module:

User can deposit their USDA in the earn module to get the interest bearing token sUSDA, collecting the interest.