AID (AID)

No good crypto project can survive in the long run without transparency

The latest @gaib_ai protocol upgrade is live and the team has made sure to have the transparency report ready

You can find all the data you need on AID and sAID in the tweet below 👇

- AID to USDC redemption is 1:1, with a 0.1% fee on ETH Mainnet
- sAID unstaking is active
- sAID holders will be rewarded from a yield pool, based on the time of holding

GAIB Quick Update

The new GAIB protocol upgrade is now live, and the full transparency report is on-chain and 100% verifiable.

- AID → USDC on Ethereum are now enabled
- 1:1 instant redemptions available with a 0.1% fee
- sAID unstaking is now open
- Upcoming yield pool will reward early sAID holders proportional to holding duration

The dashboard displays complete reserve reports and detailed balances for every asset - Big up to GAIB for the report as this level of on-chain proof is critical for confirming transparency, capital safety, and real liquidity.

Transparency is one of the things we lack in our industry.

You put your money in a vault, and you don't even know where they are deployed, what strategies, and what's the actual yield.

Recently GAIB published a transparency page where you can see:

- all the balances
- contracts of balances
- AID minting, migration and reserve stats
- check it here: https://t.co/sFpcakPJ7z

This is a step in a right direction and more projects should do that.

Also from the recent GAIB updates, they:

- Made a Full protocol upgrade which is live
- AID redemption is now enabled at 1 to 1 into USDC on Ethereum with a 0.1% fee
- sAID unstaking is now active
- A yield pool will reward early sAID holders based on time held
- in 7-10 days they will have new info on airdrop

Team promised to make everything right for the supporters, so fingers crossed. The transparency page is a good first step and response imo. but as always DYOR