BakerDAO — an updated version of MakerDAO, powered by Binance Smart Chain (BSC). It is a multilateral stable currency lending protocol that allows users to generate decentralized stable currency BAI by over-collateralizing assets such as BNB, BUSD, ETH and BTC. BAI is a decentralized, impartial, collateralized stablecoin, pegged to the US dollar. BKR is BakerDAO's decentralized governance token.
Contents:
Description of the BakerDAO project
Multiple collateral stable currency creation protocols, running on the BSC blockchain, allow users to generate BAI decentralized stable currency with overly collateralized assets like BNB, BUSD, ETH, BTC, etc.
In addition, BakerDAO is not a custodian and fully decentralized protocol, where all processes are performed, based on smart contracts on the BSC. No one has the right to use collateralized assets arbitrarily or issue BAI and BKR.
Some features:
| 1 | BKR — BakerDAO's decentralized governance token, and its holders can use it to initiate proposals and vote to manage major events or guide BakerDAO's development. |
| 2 | For example, holders can change parameters such as a stable commission rate and collateral liquidation rate, and they also have options for what type of new collateral will be supported. |
In addition, BakerDAO - a decentralized stablecoin as well as a secure and reliable decentralized lending protocol. Currently, the DAI volume of the MakerDAO stablecoin on Ethereum has reached almost USD 5 billion, issued by the collateralized cryptocurrency, and the market capitalization of the MKR control currency has also reached almost USD 5 billion. MakerDAO is the most complex and largest decentralized app in the DeFi world now.
Other platform data
The site has a short description of the site. You can study the features of the project this way. RoadMap and WhitePaper are not available now.
If you want to stay up to date with all innovations, subscribe to the community on these social networks:
The smart contract doesn't have an audit.