BakerDAO Weekly Report:7.26-8.1(August 2,2021)
Monday, August 2, 2021
1.BAI Borrow Data
Until 12:00 on July 26, the latest data of BAI borrow datas are as follows:
• Total BAI supply:394,169.30 BAI
• Total value of collateral: 431,221.214 USD
• BAI holders:7,521 addresses
• Active Vaults:172
• Collateralization: 109.40%
The latested data: https://app.bakerfi.com/borrow
2.BakerDAO Product Development Progress
• 《BakerDAO System Upgrade Scheme V1.0》officially released on July 30
upgrade scheme details:https://docs.bakerfi.com/bakerdao/v/en/blog/blog-10
• DAO Pool design;
• BAI Liquidation Pool design;
3.BakerDAO Ecological Progress
BakerDAO ecology is continuing to advance, and cooperation is welcome.
About BakerDAO:
BakerDAO is an upgrade MakerDAO protocol on Binance Smart Chain(BSC). It is a multi-collateral stablecoin borrow system on BSC, which allow users to generate decentralized stablecoin BAI by leveraging collateral assets like BNB, BUSD, ETH, BTC and so on. Excess collateral, self-balance system, liquidators and other ecosystem participants ensure that 1 BAI is soft-pegged to 1 USD. BKR is the decentralized governance token of BakerDAO, and its holders can use it to initiate proposals and vote to govern the major events or decide development directions for BakerDAO.
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