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 * Welcome to Bao Finance
 * Synth Use Cases
 * Roadmap
 * Benefits of Bao
 * Partnership and Collaboration Proposals
 * Protocol
   * Ecosystem Dynamics
      * Revenue
      * Infrastructure Overview
      * The BAO token
      * veBAO
      * Gauges
   
   * baoUSD and baoETH
   * Borrow Vaults
   * Liquidity Balancers
   * Lending Backstops
   * The Minter (Coming soon)
   * Archived Products
      * Baskets
      * Ballast
      * Franchises
         * Polly Finance Franchise
            * Guides
               * Mint Nest Tokens
               * Redeem Nest Tokens
               * Staking on Polly Finance
           
            * Nests
               * DeFi Nest (nDEFI)
               * Stables Nest (nSTBL)
           
            * The Polly Token
            * Fees
            * Distribution/Tokenomics
            * Contracts and Key Info
            * Contract changes
            * Farm Weightings
        
         * Panda
            * Panda as Bao's Sandbox
            * Distribution/Tokenomics
               * PNDA Distribution Table
           
            * Treasury
            * Fees, Penalties & Funds
            * Contracts and Key Info
 * Governance
   * BAO Improvement Proposal (BIP) Process
   * Team Structure
      * Internal Resolutions
      * Treasury and Multisigs
      * Onboarding
 * Resources
   * Guides
      * Vaults
         * Deposting
         * Minting/borrowing
         * Repaying
         * Liquidations
     
      * Baskets
         * Minting a Basket
         * Redeeming a Basket
     
      * Ballast
   
   * Brand Guidelines
 * Technical Docs (wip)

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 * What is a Synthetic token or Synth?
 * Community-Governed





WELCOME TO BAO FINANCE

Bao is grassroots, decentralization maximalist, community-run and community
funded. We are building onchain tokenized derivatives, compatible with all of
DeFi. The sheer scope of the derivatives market is staggering. According to the
Bank of International Settlements, the notional value of all active contracts
worldwide surged to an astounding $2.5 quadrillion by the close of 2022. To put
this into perspective, this amount is more than 30 times the total global GDP,
highlighting the immense size and influence of the market on the world's
financial landscape.

Decentralized, on-chain derivatives offer increased accessibility, reduced
counterparty risk, enhanced transparency, lower costs, 24/7 trading, and
improved security. Best of all, on-chain tokenized derivatives, or synthetics,
can be created from any data feed, meaning the use cases go far beyond the
already vast ones from traditional markets. Bao will transform the way we
leverage and interact with information. Markets and Data will be accessible and
actionable for everyone, moving the power of information from institutions to
individuals.

Say goodbye to Moody's, Meridian, Experian, and Fannie Mae. Say hello to
BaoBanks.

WHAT IS A SYNTHETIC TOKEN OR SYNTH?

Throughout these documents, there are many references to synths or synthetics. A
synth/synthetic is just a token with a value linked to a price feed or other
data source. Bao's synthetics are always transparent & fully backed with the
best possible decentralized collaterals, like ETH, and protected by proven
safety measures like loan liquidations and stability pools. They can be borrowed
or swapped instantly with no middlemen and put to use in DeFi, or simply held in
your wallet. The price of our synthetics is enforced with a fixed price in our
borrow vaults, liquidity balancers, and variable interest rates. Once it is
live, synths will also be swappable for collateral with The Minter, further
enforcing a solid price peg.

COMMUNITY-GOVERNED

Bao Finance uses a locked staking mechanism called veBAO (voting escrow BAO). By
locking up BAO for more extended periods, holders gain more voting power to
shape the protocol and earn a boost to revenue on the platform. Liquidity tokens
can be staked to earn a share of revenue. This puts control and more significant
rewards in the hands of committed long-term community members.

We invite you to join our community and help push the frontiers of decentralized
finance together.

 * Join the Community: https://discord.gg/8JajYbqVYh

 * Follow on X (Formerly Twitter): https://twitter.com/BaoCommunity

 * Follow on DeBank: https://debank.com/official/Bao_Finance/stream







NextSynth Use Cases

Last updated 3 months ago