Many people think the answer to fixing this system is simple. Just put it all on DeFi. But in reality that does not work by itself. The projects that have been successful in DeFi are the ones that do things that did not exist in old finance. Compound, Uniswap, Balancer are good examples. They all do things in a new way.
Why does this happen?
It all comes to data. Most people are not aware that financial data is what makes institutions so powerful and why you can’t do what they do. This is why synthetics will matter.
But why does that matter?
If you can get liquidity in any discrete quantifiable event then what have you created? The world’s most accurate financial data system.
Financial data is used within insurance, lending, hedge funds, risk mitigation, banking, yield, mortgages, credit scores, etc.
Incentivized synthetics allow you to start building an open financial data market. Once you have synthetics, you own the financial data stream that sustains the foundation of DeFi because you can incentivize liquidity to make it more accurate. With this financial data stream, you can start any DeFi business you want on top of it, or package and sell the data for others to build on. You become the foundation for the future of finance.
Implementation
Bao Finance is like a combination of SNX and Aave, but it uses LP tokens for collateral.
Rather than re-invent the wheel, Bao will create new features for existing DeFi protocols.
The BAO token acts as a governance token for the fully community-run project and burned with fees for minting synthetic assets. It is also backed by the insurance fund where all Bao fees go.
Deliciously wrapped Finance!
Bao (包) stands for "treasure" or "package". Something wonderful that is wrapped up in another layer. Bao buns, or in Chinese Baozi (包子) are delicious wrapped dumplings.
These bao buns are the tradition of taking something good that already exists and wrapping it up into a new treasure.
Bao Finance aims to do this by being a new protocol that adds features to existing DeFi systems.
Robo
Auto-balancer system that will manage a users synthetics, futures and LP positions.
Lending
Lending pools which will utilize LP tokens as collateral.
Advanced Features
Options, perpetual futures, margin trading and limit orders utilizing LP tokens as collateral.
Deploy Bao Markets
Deploy Bao Baskets
Bao Baskets as Collateral for baoUSD
Token Migration
veBAO and Staking
Basket Strategies
Improve Hard Synths
Improved Governance
Deploy Hard Synths on Polly
Phase 1 of Permissionless Baskets
Bao Labs
Esta oferta se basa en información proporcionada únicamente por el oferente y otra información públicamente disponible. El evento de venta o intercambio de fichas no tiene relación alguna con ICOholder e ICOholder no participa en él (incluido cualquier soporte técnico o promoción). Las ventas de tokens enumeradas de personas con las que ICOholder no tiene relación se muestran solo para ayudar a los clientes a realizar un seguimiento de la actividad que tiene lugar dentro del sector token general. Esta información no pretende constituir un asesoramiento en el que debe confiar. Debe obtener asesoramiento profesional o especializado o llevar a cabo su propia diligencia debida antes de tomar, o abstenerse de, cualquier acción en función del contenido de nuestro sitio. Los términos y condiciones que ingresen los contribuyentes con respecto a la adquisición de Tokens se encuentran entre ellos y el emisor del Token y ICOholder no es el vendedor de dichos Tokens. ICOholder no tiene ninguna responsabilidad legal por las declaraciones realizadas por terceros con respecto a cualquier venta de Token y cualquier reclamo por incumplimiento de contrato también debe realizarse directamente contra la entidad emisora del Token que se detalla en este documento.
Si tiene alguna inquietud acerca de la naturaleza, propiedad o legalidad de esta venta de tokens o de las personas involucradas en ella, póngase en contacto con info@icoholder.com . con información detallada sobre sus inquietudes.