Bao Finance

BAO Finance is an L2 DeFi for synthetic decentralized financial assets. It was built atop Uniswap, SushiSwap, and Balancer. The platform is based on the ideology of synthetic assets, allowing users to create different synthetic assets of their choice. This is done with LP tokens from other protocols, and when they deposit collateral to BAO.

Bao (包) stands for "treasure" or "package,", and the platform is governed by its community of token holders.Theholders. The Bao is distributed to liquidity providers that stake their liquidity tokens in gauges. Holders will be able to stake and lock Bao tokens for about four years and get veBAO in return, in proportion to the duration of the lock.

The live Bao Finance price today is $0,000133 USD with a 24-hour trading volume of $167 836 USD. We update our BAO to USD price in real-time. Bao Finance is down 4,15% in the last 24 hours. The current CoinMarketCap ranking is #1203, with a live market cap of $4 522 887 USD. It has a circulating supply of 34 066 471 176 BAO coins and the max. supply is not available.

Bao (包) means treasure or parcel. Something wonderful wrapped in another layer. Bao buns, or in Chinese Baozi (子子) are delicious wrapped dumplings.These bad banks are a tradition of creating something good that exists and turning it into a new treasure. bad banks are a tradition of creating something good from what exists and turning it into a new treasure. Mba Finance aims to do this by creating a new protocol that adds features to existing data transmission systems.

BAO Finance is an L2 DeFi for synthetic decentralized financial assets. It was built atop Uniswap, SushiSwap and Balancer. The platform is based on the ideology of synthetic assets, allowing users to create different synthetic assets of their choice. This is done with LP tokens from other protocols, and when they deposit collateral to BAO.

The team creates a cross-chain DeFi ecosystem

Bao (包) stands for "treasure" or "package", and the platform is governed by its community of token holders.The Bao is distributed to liquidity providers that stake their liquidity tokens in gauges. Holders will be able to stake and lock Bao tokens for about four years and get veBAO in return, in proportion to the duration of the lock.

Boom is creating a set of multi-network applications that will provide opt-out services to users regardless of their preferred chains. The project has already deployed the main project and its franchised versions on xda, Balance Smart Chain and Polygon; more are planned in the future.

veBAO tokens do not trade on liquid markets, and they are not transferable. They operate like an account-based point system denoting the duration of the tokens' lockdown in the protocol.

A user's veBAO balance will decide their share of Governance power as 1 veBAO equals 1 vote. Holders of veBAO can vote on where to direct the rewards for Bao synths liquidity.

The live Bao Finance price today is $0,000133 USD with a 24-hour trading volume of $167 836 USD. We update our BAO to USD price in real-time. Bao Finance is down 4,15% in the last 24 hours. The current CoinMarketCap ranking is #1203, with a live market cap of $4 522 887 USD. It has a circulating supply of 34 066 471 176 BAO coins and the max. supply is not available.