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.
Bao Finance launches on Ethereum Mainnet.
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 2020
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 2021
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 2021
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 2021
Bao Baskets launch on Ethereum Mainnet exclusively utilizing SushiSwap for liquidity.Q4 2021
Hard Synthetics will launch on Ethereum Mainnet in December 2021 ahead of the Bao token unlock.Q4 2021
Soft and hard synthetics that utilize LP tokens as collateral.
Auto-balancer system that will manage a users synthetics, futures and LP positions.
Lending pools which will utilize LP tokens as collateral.
Options, perpetual futures, margin trading and limit orders utilizing LP tokens as collateral.
Synthetic assets are an important part of a decentralized ecosystem. They allow decentralized infrastructure to offer assets that track the price of any system.