BakerDAO Weekly Report：7.5-7.11 (July 13, 2021)

Wednesday, July 13, 2021

1. BakerDAO System Status

BKR Yield Farming Data

Until 12:00 on July 12, various data is as follows:

• Current TVL：2,680,399 USD

• BKR holders：6,920 addresses

• Rewarded BKR Number: 59,873

To view more data: https://farming.bakerfi.com/

BAI Borrow Data

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

• Total BAI supply：654,527 BAI

• Total value of collateral: 739,157 USD

• BAI holders：6,815 addresses

• Active Vaults：167

• Collateralization: 112.93%

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

2. BakerDAO Operational Progress

• BDIP2: Adjust Stability Fee

View details：https://docs.bakerfi.com/bakerdao/v/en/bdips/bdip2

• Single Token Mining Fee Stepped Rate Plan has been Launched

View details：https://docs.bakerfi.com/bakerdao/v/en/announcement/20210710-1

3.BakerDAO Product Development Progress

• Development voting system

• Research and development liquidation system upgrade

4. BakerDAO Ecological Progress

• This week BakerDAO DApp has successfully launched Math Wallet.

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.