❓FAQ

How do I get involved with PikuDAO?

Getting involved with PikuDAO can be achieved through various means. These are:

• Joining Telegram and Discord to participate actively within the community.

• Following up our Governance Forum to discuss and support best ideas on the future direction of Piku

• Claiming its utility token PIKU to have a voice in the governance process.

How is the yield distributed?

USP's goal is to simplify complex yield strategies. The yield generated is natively added to USP's backing.

How is USP inflation protected?

At its core, USP is designed to be a yield-optimized stablecoin and its price increases as the strategies create a return. USP increases in value against USD and the purchasing power of USP holders increase over time.

How is USP a stablecoin?

Initially backed by a reserve of USD Stables at a 100% ratio, ensuring a stable launch value of $1.00 USD, USP's value will only increase as the backing-assets continue to generate yield. Reserve backing of USP will be visible on-chain to ensure transparency.

Can everyone signup and use USP?

USP token is designed to be permissionless and can be exchanged between anybody. However, during phase 1, only Non-US individuals and businesses can mint and redeem USP.

How secure is the Piku Platform and governance?

PikuDAO places the highest importance on the security and safety of transactions to fulfill the mission of the Piku ecosystem. To ensure this, the founding team collaborates with experts and third-party auditors to verify that all smart contracts are robust and secure. This includes conducting regular reviews of the code to maintain the highest security standards.

Will there be a PIKU airdrop?

Piku ecosystem will be owned by its users. PIKU Utility tokens, will be distributed to the Piku community. While Piku users generate yield by holding USP, they will also be rewarded with PIKU utility tokens.

Which currencies can I use to mint and redeem USP?

All minting and redemptions happening on Piku Protocol will be done with USD Stables during phase 1. The DAO can vote to add or remove currencies in the future.