Minting $taoUSD

TaoBank allows users to receive interest-free loans of up to 60% of the value of the wTAO or other collateral deposited.

To mint taoUSD, users connect to the TaoBank dApp at app.taobank.ai, deposit wTAO collateral, and mint taoUSD up to 60% of the collateral value.

taoUSD can then be used to swap into other tokens, leverage wTAO exposure, or yield farm TBANK incentives for providing taoUSD liquidity on Uniswap.

There are no recurring interest payments, minimum debt requirements, or repayment deadlines if sufficient collateral exists. Vaults can be closed at any time by fully paying off the debt.