BakerDAO Weekly Report：8.23-8.29(August 30,2021)

Monday, August 30, 2021

BakerDAO V1.6 will officially launch at 21:00 Sep. 10th, 2021 Singapore time. The new version includes: Optimized Liquidation System, BAI Liquidtion Pool, DAO Pool and BKR Farming. Besides, revenue sharing is opened, and participants of the BAI Liquidation Pool and BKR holders will be rewarded. At the same time, BKR Farming will start and additional BKR rewards will be given to users participating in BAI Liquidtion Pool.

View details：https://docs.bakerfi.com/bakerdao/v/en/announcement/20210830-1

1.BakerDAO Product Development Progress

• DAO Pool development；

• BAI Liquidation Pool development；

• Yield Farming development；

• BAI Stable Pool development；

2.BakerDAO System Status

BAI Borrow Data

Until 12:00 on August 30, the latest data of BAI borrow datas are as follows:

• Total BAI supply：262,973.57 BAI

• Total value of collateral: 175,524.78 USD

• BAI holders：7,520 addresses

• Active Vaults：173

• Collateralization: 105.31%

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

3.BakerDAO Ecological Progress

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

About BakerDAO:BakerDAO 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.