# BakerDAO Weekly Report：9.27-10.10(October 11,2021)

#### Monday, October 11, 2021

![](https://1381830365-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-McEQbSqRqeWvSBolZKy-1972196547%2Fuploads%2FCaDW85fUJtG3Fi2p0yr4%2F11en.jpg?alt=media\&token=84be32ac-3f8b-44a4-9e0b-9604572bdcde)

### 1.BakerDAO Product Development Progress

• 《BakerDAO Litepaper》was officially released on October 9, Singapore time; 

Details view:<https://docs.bakerfi.com/bakerdao/v/en/litepaper>

• BAI Stable Pool development.

### 2.BakerDAO System Status

### BAI Borrow Data

Until 12:00 on October 11, the latest data of BAI borrow datas are as follows:

• Total BAI supply：263,280.27 BAI

• Total value of collateral: 179,101.48 USD

• BAI holders：7,536 addresses

• Active Vaults：241

• Collateralization: 104.52%

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

### 3.BakerDAO Ecological Progress

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

**About BakerDAO:**&#x42;akerDAO 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.