# BakerDAO Weekly Report：7.19-7.25 (July 26,2021) #### Monday, July 26, 2021 ![](/files/-MfXGqtrWQohl8lWEmLs) ### 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 ![](/files/-MfXH3up2E9SP54k1Kis) ### 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: ### 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: • 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bakerfi.com/bakerdao/en/blog/blog-8.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.