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.