# TapiocaDAO

By [Cryptopus](https://paragraph.com/@tom1k) · 2023-03-05

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[TapiocaDAO](https://tapioca.xyz/) is developing the world's first omnichain money market, utilizing over 17 EVM and non-EVM networks. Through its multichain approach, the platform provides new opportunities for users, including cross-chain lending, borrowing, and other DeFi tools.

The team has created their own omnichain stablecoin, usdØ, which is the first decentralized, non-algorithmic, censorship-resistant, and stablecoin tied to the U.S. dollar. The stablecoin uses the LayerZero Omnichain Fungible Token (OFT) standard, allowing usdØ to move smoothly between networks without slippage, long wait times, and fees.

![](https://storage.googleapis.com/papyrus_images/1350e1515b2d9670512f1ded15648955fc76accc550773cd2178458c90566def.png)

**Team**

The TapiocaDAO [team](https://www.linkedin.com/search/results/people/?currentCompany=%5B%2281430392%22%5D&origin=COMPANY_PAGE_CANNED_SEARCH&sid=P%2Ck) is relatively young, but they are passionate about their work and devote a lot of time to the project (the project's CEO sleeps only 4 hours per day).

As they work under the patronage of LayerZero, where [0xMaki](https://twitter.com/0xMaki) (co-founder of Sushi) is currently employed, they have access to SushiSwap's code, which they use in their work.

The TapiocaDAO [team](https://discord.com/channels/922809589991370792/989210032098918410/1071714284914094151) consists of about 20 people, each with a good background (OpenBit, Parse, Fantom, Advanced Blockchain, etc.), and they have very solid support from important people in the web3 world.

**Investors**

They have raised over $4 million, and the most interesting thing is that they did it without VC! As Matt (CEO) said at yesterday's AMA session, "Fuck VC's, they only care about money, and they don't care about the project."

Investors include well-known crypto influencers, degens, and other people, such as [Blocmates](https://twitter.com/blocmatesdotcom), [Small Cap Scientist](https://twitter.com/SmallCapScience), and others.

**Activities**

Activities include joining the [Guild](https://guild.xyz/tapiocada0) and connecting roles. There are seven roles listed, but we can only receive two (3 if you attend AMA).

![](https://storage.googleapis.com/papyrus_images/fc1a53f38da0cdb039399f6c9d81cc450b1ae3708d8259622416a09729d54d26.jpg)

*   Pearlers is given for subscribing to Twitter and mentioning the project in your bio.
    
*   Readoors is given for minting articles on Mirror. Of course, they have all been taken long ago, but they can be purchased on the market (0.016 ETH was the floor).
    
*   Cassava is given for attending AMA sessions. You need to mint an NFT on Galxe via this [link](https://galxe.com/tapiocadao/campaign/GCbH3U4zcW), and the role will appear on Discord.
    

**Testnet**

The Testnet has been launched just a few days ago! Please feel free to use it and leave your feedback in Discord. Test faucets are available for [Arbitrum](https://faucet.triangleplatform.com/arbitrum/goerli), [Fantom](https://faucet.fantom.network/), [AVAX](https://faucet.avax.network/), and a mining faucet for [Goerli](https://goerli-faucet.pk910.de/), although it may be more convenient to use the [Goerli Faucet](https://goerlifaucet.com/).

![](https://storage.googleapis.com/papyrus_images/d5ad3601f3c1a42df69b38ddb62ca0e09e7c3c3d3a88493f23630eab2f753a3e.png)

**Airdrop**

The airdrop has been announced, [confirmed](https://discord.com/channels/922809589991370792/922809589991370795/1080560684879843458), and is expected soon. According to Matt, it will likely occur at the end of March or beginning of April. There are no specific roles to be fulfilled, so at the very least, obtain the Pearlers role and be active. 2.5% of the total supply has been allocated to the [airdrop](https://docs.tapioca.xyz/tapioca/token-economy/tap-distribution-and-issuance).

In conclusion, I have only scratched the surface of what may be of interest, so please visit their [Twitter](https://twitter.com/tapioca_dao), [Discord](https://discord.gg/tapiocadao), review the [documentation](https://docs.tapioca.xyz/tapioca/), and conduct your own research.

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*Originally published on [Cryptopus](https://paragraph.com/@tom1k/tapiocadao)*