# BakerDao Borrow system launched（June 19, 2021）
#### Saturday, June 19, 2021
BakerDAO Borrow system, the decentralized stable currency agreement of BSC chain, was officially launched at about 18:00 on June 19, 2021. BakerDAO is an upgraded version of MakerDAO running on the coin safety intelligent chain (BSC). It is a multi collateral loan stable currency agreement, which allows users to generate decentralized stable currency BAI by over mortgaging BNB, BUSD, ETH, BTC and other assets. BAI is a decentralized, unbiased, collateral backed, dollar anchored stable currency, and BKR is the decentralized governance token of BakerDAO.
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