TomoChain is excited to announce an integration partnership with Bidaochain, allowing users to collateralize $TOMO to generate $
26 Jul 2021, 10:39
TomoChain is excited to announce an integration partnership with Bidaochain, allowing users to collateralize $TOMO to generate $BAI on their chain-agnostic stablecoin ecosystem. š
Using TOMO as collateral is very easy. At first, the TOMO is locked up in the CDP. In return, the appropriate amount of BAI is generated and can be used freely by the CDP creator. To regain access to the locked TOMO, the BAI has to be repaid to the system. This is simply done by a simple function call and sending back the BAI to the CDP. After that, the TOMO are unlocked and can be transferred freely again by the CDP creator.
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