Deliciously wrapped finance!
Bao (包) stands for a 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 exists, and wrapping it up into being a new treasure. Bao Finance aims to do this by being a new protocol that adds features to existing DeFi systems.
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We're Building a Crosschain DeFi Ecosystem
Bao is creating a multinetwork suite of applications that will provide services to DeFi users regardless of their preferred chains. We’ve already deployed our main project and franchised versions of it on xDai, Binance Smart Chain, and Polygon; with more planned in the future.
The Bao Vision
Traditional finance doesn’t work. For too long it’s been serving the wealthy suits while erecting barriers of entry for everyone else. They own the data, restrict the tools, and change the rules to always be in their favor. It’s time to not only give that power back to the people, but to create even more powerful tools that the old cumbersome system could never dream of.
At Bao Finance, we’re building a community composed of brilliant minds all seeking control of their own finances and building a new system that works for everyone. Synthetic assets allow us to create financial instruments and markets never seen before. If the data exists, so too can a marketplace for it - the possibilities are endless.
It all comes down to data. Most people aren’t 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. If you can get liquidity in any discrete quantifiable event, 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.
Incentivised synthetics allow you to start building an open financial data market. Once you have synthetics, you own the financial data stream to anything because you can incentivise 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.
Roadmap
Bao Finance is an open-source, fully community run project. Our native token, BAO, acts as a governance token that puts control in the hands of our community, otherwise know as the BaoDao.
Bao Finance Launches
Ethereum Mainnet
Bao Finance launches on Ethereum Mainnet.
Token Distribution
Yield Farming Begins
During the yield farming phase, users will earn rewards each block for staking their LP tokens in the Bao Finance farming protocol. During this one year period we will distribute 800 billion bao. BAO has a broad distribution, rewarding over 200 market assets creating the most diverse yield farming distribution in history so that everyone can participate with minimal risk of monopolies.
Q4 2020xDai Migration, BaoSwap & Co
Sidechain Deployment & Franchise Announcement
BaoSwap launches on xDai sidechain along with the ability to yield farm with BaoSwap or Sushiswap LP tokens. Bao Finance franchises announced. Franchises provide an opportunity to capture new liquidity and value for the Bao ecosystem without adding extra overhead and without competing with our partners. Bao’s xDai ecosystem will still be our primary and top priority.
Q1 2021Pandaswap Franchise Launch
First Franchise Launches on Binance Smart Chain
Pandaswap, the first Bao Finance franchise, launches on Binance Smart Chain. Along with PNDA, Pandaswap introduced two new tokens to the BAO ecosystem - RHINO, an experimental deflationary token, and BAMBOO, which users receive in exchange for staking their PNDA tokens in the BambooBar. BAMBOO appreciates in value by collecting fees from the exchange platform.
Q2 2021Polygon Franchise & Debut of Soft Synthetics
Launch of Soft Synthetics on Polygon Network
Soft synthetics, or nests, will be configured pools of assets where users are able to get balanced exposure to a basket of assets by holding one token. Nests will utilize an asset manager that will allow for complex strategies including lending and staking. This will be further incentivized with yield farming opportunities.
Q3 2021Bao Baskets Launch
Soft Synthetics Launch on Mainnet
Bao Baskets launch on Ethereum Mainnet exclusively utilizing SushiSwap for liquidity.
Q4 2021Full Synthetics Launch
Hard Synthetics Launch on Mainnet
Hard Synthetics will launch on Ethereum Mainnet in December 2021 ahead of the Bao token unlock.
Q4 2021Balancing, Automation, and Options
Our community wants to build innovative products on top of this cutting-edge technology and create serious competition for the established giants – together. Goodbye Big Banks.
Hello BaoBanks.
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Synthetics
Soft and hard synthetics that utilize LP tokens as collateral.
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Robo
Auto-balancer system that will manage a users synthetics, futures and LP positions.
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Lending
Lending pools which will utilize LP tokens as collateral.
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Advanced Features
Options, perpetual futures, margin trading and limit orders utilizing LP tokens as collateral.
FAQ
What are synthetics?
Synthetic assets are an important part of a decentralized ecosystem. They allow decentralized infrastructure to offer assets that track the price of any system.
How do they work?
What's the difference between soft and hard synthetics?
How does Bao do synthetics differently?
