BakerDAO Weekly Report：8.16-8.22(August 23,2021)

Monday, August 23, 2021

1.BakerDAO Product Development Progress

• DAO Pool development；

• BAI Liquidation Pool development；

• Yield Farming development；

• BAI Stable Pool design and development；

2. BakerDAO Operational Progress

• Adjust Single Token Harvest Fee Ratio

3.BakerDAO System Status

BAI Borrow Data

Until 12:00 on August 23, the latest data of BAI borrow datas are as follows:

• Total BAI supply：264,358.57 BAI

• Total value of collateral: 177,647.78 USD

• BAI holders：7,519 addresses

• Active Vaults：173

• Collateralization: 105.60%

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.