BakerDAO Weekly Report：8.9-8.15(August 16,2021)

Monday, August 16, 2021

1.BakerDAO Product Development Progress

• DAO Pool design and development；

• BAI Liquidation Pool design and development；

• BAI Stable Pool design and development；

• Yield Farming design and development；

2. BakerDAO Operational Progress

• The first AMA 《BakerDAO System Upgrade Interpretation and Q&A》 was successfully held in 《BakerDAO 🥯 Community (BakerDAO)》 at 20:00 on August 13, 2021, Singapore time.

3.BakerDAO System Status

BAI Borrow Data

Until 12:00 on August 9, the latest data of BAI borrow datas are as follows:

• Total BAI supply：260,351.34 BAI

• Total value of collateral: 178,922.25 USD

• BAI holders：7,520addresses

• Active Vaults：172

• Collateralization: 105.65%

The latested data: https://app.bakerfi.com/borrow

4.BakerDAO Ecological Progress

• BakerDAO ecology is continuing to advance, and cooperation is welcome.

About BakerDAO:BakerDAO is a decentralized stablecoin borrow protocol on BSC which allows users to generate BAI by over-collateralizing assets such as BNB, BUSD, ETH, and BTC. BAI is a decentralized, unbiased, collateral-backed stablecoin anchored to the USD. BKR is BakerDAO's decentralized governance token.