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
Penawaran ini didasarkan pada informasi yang diberikan semata-mata oleh pemberi penawaran dan informasi lain yang tersedia untuk umum. Penjualan token atau acara pertukaran yang sama sekali tidak terkait dengan ICOholder dan ICOholder tidak memiliki keterlibatan di dalamnya (termasuk dukungan teknis atau promosi). Penjualan Token terdaftar dari orang-orang yang tidak memiliki hubungan dengan ICOholder yang hanya dapat membantu pelanggan melacak aktivitas yang terjadi di dalam keseluruhan token sector. Informasi ini tidak dimaksudkan untuk memberikan nasihat yang harus Anda andalkan. Anda harus mendapatkan saran profesional atau spesialis atau melakukan due diligence Anda sendiri sebelum mengambil, atau menahan diri, tindakan berdasarkan konten di situs kami. Syarat dan ketentuan apa pun yang dimasukkan oleh kontributor sehubungan dengan perolehan Token ada di antara mereka dan penerbit Token dan ICOholder bukanlah penjual Token tersebut. Pemegang ICO tidak memiliki tanggung jawab hukum atas setiap pernyataan yang dibuat oleh pihak ketiga sehubungan dengan penjualan Token dan setiap klaim atas pelanggaran kontrak juga harus dilakukan secara langsung terhadap entitas penerbit Token yang tercantum di sini.
Jika Anda memiliki masalah tentang sifat, kepatutan atau legalitas penjualan token ini atau orang-orang yang terlibat di dalamnya, hubungi info@icoholder.com dengan informasi rinci tentang masalah Anda.