The deposit mechanism of @USDai_Official that opened this morning is a bit complicated.

Simply put

1 ) The initial TVL limit is 100M, with institutions depositing 50M, which means there's 50M for small retail investors. After reaching the limit, it will be increased depending on the situation, effectively making it seem like there is no limit==

2 ) qUSDai is similar to first issuing a deposit certificate to you, all deposits need to queue, and will be converted to USDai or sUSDai within about 24 hours.

3 ) USDai participate in ICO, the FDV of this ( ICO is 300M), which can be redeemed 1:1 within a few hours.

4 ) sUSDai If you want to directly participate in the airdrop, use this. You can still redeem it 1:1, but the difference is that there is a 30-day waiting period.

5 ) Ratio USDai : sUSDai = 7 : 3

6 ) How are points and allocations determined? Points have time weighting; the longer you hold them, the more you accumulate.

7 ) Regarding @pendle_fi, YT will also be eligible, and will go live after integration is complete. In addition, LP will have additional multipliers.

8 ) Do I need to KYC? Participating in the ICO requires KYC on the cooperating platform, which has not been announced yet.

9 ) fully unlocked at the TGE of the ICO participation

10 ) deposit on @arbitrum with $USDC

Overall, I think this project is worth participating in. Right now, it's about gambling on participating in the ICO or directly taking part in the airdrop.