# BakerDAO Yield Farming launched（June 20, 2021）
#### Sunday, June 20, 2021
BakerDAO, the decentralized stable currency agreement of BSC chain, successfully launched yeild farming at 20:00 on June 20, 2021, with TVL exceeding US $10 million in one hour. 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. BKR is the decentralized governance token of bakerdao. Users can obtain BKR through mining of BAI, BNB, BUSD, ETH, BTC, HKR and HAI to realize the decentralization of BKR to the greatest extent.
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