What is NDAI?
NDAI is a $1-target digital asset on PulseChain that’s stabilized by a public, on-chain Treasury/Reserve and an automated peg engine. Users can mint NDAI with approved assets Good DAI (pDAI). The protocol routes deposits/fees into a transparent Treasury/Reserve and runs rule-based actions—no human switches—to keep market price near $1.
How NDAI works
Mint → Treasury/Reserve: When users mint, funds are handled by code and allocated into the protocol’s Treasury/Reserve per policy (e.g., a basket of four core coins and/or a pDAI buffer).
Peg engine: Smart contracts watch the on-chain average price (TWAP). If price drifts from $1, predefined actions execute automatically.
Fees strengthen the system: A portion of protocol fees continually feeds the Treasury/Reserve.
Everything on-chain: Balances, rules, and transactions are transparent. No admin keys.
NDAI asset trades apply a 1.618% default trading fee (golden ratio). More info in Governance.