Main
Also known as
BKR
Digital asset type
Multi-collateral stablecoin borrow system on BSC.
Overview
BakerDAO is an upgrade MakerDAO protocol on Binance Smart Chain(BSC). It is a multi-collateral stablecoin borrow system on BSC, which allow users to generate decentralized stablecoin BAI by leveraging collateral assets like BNB, BUSD, ETH, BTC and so on. Excess collateral, self-balance system, liquidators and other ecosystem participants ensure that 1 BAI is soft-pegged to 1 USD. BKR is the decentralized governance token of BakerDAO, and its holders can use it to initiate proposals and vote to govern the major events or decide development directions for BakerDAO.
Funding
Funding rounds
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Part One Capital | Venture capital firm that seeks to invest in Defi, NFTs, projects building on Polkadot and protocols and cryptocurrency sectors. | Initial investment. Round participant. |