> For the complete documentation index, see [llms.txt](https://taodao.gitbook.io/taodao/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://taodao.gitbook.io/taodao/master.md).

# Overview

## TaoDAO

$TAO is an algorithmic non-pegged stablecoin on the Binance Smart Chain (BSC). TAO inherits Olympus Dao's design to achieve the end goal of becoming a low volatility, highly liquid asset, backed by a protocol controlled value (PCV).

Unlike previous iterations of stablecoins, Tao aims not to target a price to peg to, price should be determined by the free market, and instead, we aim to optimize incentives to bring about stability around this market-determined price. 

## How do I play this?

Market participants can either stake, bond, or stake LP tokens. Stakers lock up their TAO tokens in return for a share of the [protocol profits](/taodao/market-operations-and-pcv/staking.md), and Bonders provide liquidity to the protocol in return for a [fixed return](/taodao/market-operations-and-pcv/bonding.md) over a period of time. Finally, Liquidity providers can stake their LP shares with the protocol in return for [protocol profits](/taodao/market-operations-and-pcv/staking.md) as well.

***Note:** Initial launch will temporarily have slightly different incentives, read more about them* [*here*](/taodao/initial-launch-program.md)*.*

## Our Focus

We believe that maximizing liquidity and supply growth is the key to the success of TAO. Liquidity is vital in allowing us to be integrated with various DeFi products as collateral. Growth in supply translates to a growth in treasury assets which allows us to put those assets to work in various yield aggregators to generate protocol profits. 


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