# BakerDAO Weekly Report：7.19-7.25 (July 26,2021)

#### Monday, July 26, 2021

![](https://1381830365-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-McEQbSqRqeWvSBolZKy%2F-MfXG-BZisI73k9CseGJ%2F-MfXGqtrWQohl8lWEmLs%2F%E5%9B%BE%E7%89%873.png?alt=media\&token=987f1a14-5d9d-4353-ba42-e6eff46a9442)

### 1. BakerDAO System Status

Summary of the first phase of yield farming(2021.6.19 19:00-7.20 23:00）

• Current TVL：1,659,908 USD

• Highest TVL: 28,729,921 USD

• BKR holders：7,628 addresses

• Rewarded BKR Number: 79,695

![](https://1381830365-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-McEQbSqRqeWvSBolZKy%2F-MfXG-BZisI73k9CseGJ%2F-MfXH3up2E9SP54k1Kis%2F%E5%9B%BE%E7%89%874.png?alt=media\&token=ff65acd2-d012-4751-ba98-da30fe46b45d)

### 2.BAI Borrow Data

Until 12:00 on July 26, the latest data of BAI borrow datas are as follows:

• Total BAI supply：652,721 BAI

• Total value of collateral: 734,899 USD

• BAI holders：7,521 addresses

• Active Vaults：171

• Collateralization: 112.59%

The latested data: <https://app.bakerfi.com/borrow>&#x20;

### 3.BakerDAO Product Development Progress

• BakerDAO system upgrade plan V0.8 (draft) released

• BakerDAO Governance System V1.0 was successfully launched on July 25

More info:<https://vote.bakerfi.com>

• Research and development liquidation system upgrade

### 4.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.