# BakerDao Borrow system  launched（June 19, 2021）

![](https://1381830365-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-McEQbSqRqeWvSBolZKy%2F-Mdb3_f0rAwjkLz1Kiqd%2F-Mdb4Up1Xn7-Q6FfSeFK%2FBorrow-EN%201.jpg?alt=media\&token=c62a05f3-4f6d-47e5-986d-d1923fc85ad2)

#### Saturday, June 19, 2021

BakerDAO Borrow  system, the decentralized stable currency agreement of BSC chain, was officially launched at about 18:00 on June 19, 2021. BakerDAO is an upgraded version of MakerDAO running on the coin safety intelligent chain (BSC). It is a multi collateral loan stable currency agreement, which allows users to generate decentralized stable currency BAI by over mortgaging BNB, BUSD, ETH, BTC and other assets. BAI is a decentralized, unbiased, collateral backed, dollar anchored stable currency, and BKR is the decentralized governance token of BakerDAO.

Weblink：<https://app.bakerfi.com/borrow/>