|All Time High:|
|Market Cap: |
|The last known price of #BAO is $0.00465 USD.|
Please note that the price of #BAO was last updated over 50 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #BAO statistics should be considered as 'last known value'.
The lowest BAO price for this period was $0, the highest was $0.00465, and the exact last price of BAO was $0.00465167.
The all-time high BAO coin price was $0.034.
Use our custom price calculator to see the hypothetical price of BAO with market cap of ETH or other crypto coins.
|The code for Bao Finance crypto currency is #BAO. |
Bao Finance is 2.3 years old.
|The current market capitalization for Bao Finance is not available at this time.|
Bao Finance is ranking downwards to #21672, by market cap (and other factors).
|The trading volume is small during the past 24 hours for #BAO.|
Today's 24-hour trading volume across all exchanges for Bao Finance is $3,266.
|The total supply of BAO is 1,151,276,437 coins.|
|Note that there are multiple coins that share the code #BAO, and you can view them on our BAO disambiguation page.|
BAO Finance and Immunefi: A Case Study in DeFi Platform Security
Taking a look at BAO Finance’s experience with Immunefi as a platform, streamlining security and development.. — Made with Midjourney v5 An article written by @haruxeETH — Introduction - In the rapidly evolving world of decentralized finance (DeFi), security is paramount. With billions of dollars at stake, it’s essential for protocols to ensure that their platforms are as secure as possible. In this article, we’ll explore BAO Finance’s partnership with Immunefi which has helped establish a new standard for BAO’s security ideologies and streamline the process of identifying and addressing potential vulnerabilities. — What Is BAO Finance? - Splash Page (bao.finance) BAO Finance is a decentralized autonomous organization (DAO) and a DeFi platform built on Ethereum. It offers users the ability to borrow USD, and ETH pegged currencies against yield-bearing collateral as well as participate in liquidity mining. BAO Finance also provides access to baskets, representing an index of underlying tokens, which enable users to gain exposure to a diversified set of assets with a single token. Additionally, the platform supports the growth of liquidity throughout DeFi via its “base pools” and gauges that allow projects to pair any token with incentivized USD or ETH liquidity. BAO Finance aims to provide users with a comprehensive suite of DeFi services while emphasizing transparency, community governance, an...
Q3-Q4 Update 2022
Two quarters flew by while we were busy building behind the scenes preparing and delivering the migration and veBAO launch! These will all be bite-sized pieces that go over progress, as there is so much to catch up on. We will change from a quarterly to a bi-monthly article in the future. — 2023 Annual Roadmap - The Annual Roadmap was released and approved, going through quite a few goals for 2023, unveiling plans for the Bao’s Dim Sum House, a system utilizing our oracle factory Delphi to create data-driven actions. — Linktree - We now have a linktree that goes through the BAO Ecosystem, from its documents to its Dapps and the governance system. It is a one-stop shop to find anything you need to get you going on your steamy journey. — Treasury Management - As we have mentioned in a previous article, due to the volatile nature of the market, the treasury galaxy has changed its management strategy of assets within the treasury. Implementing low-risk liquidity mining to extend the runway has seen great success, maintaining two years of runway without any outside funding. Medium Article going over the treasury’s management. medium.com — Galaxy Budget Adjustments & Mergers - When we defined our process to standardize and streamline contributions, we first started small because we had fewer contributors at the time and room for adjustment later. As more Galaxies were made, we saw contributors an...
The Stablecoin Trilemma and baoUSD
Over the past few years, stablecoins have become a considerable part of the crypto industry. The combined market cap of stablecoins as of December 2022 stands at over $140b, and it is easy to see why. They remove market volatility while enabling instant, transparent, and virtually free value transfer anywhere, at any time. They also give their holders access to the growing world of completely open and fair Defi applications. Depending on how they are implemented, they can also remove the risks associated with traditional financial institutions.data from Defillama Even during the bear market lasting the entirety of 2022, stablecoins continue to settle more value than previous years, with 2022 expecting to finish with around $8T in total value settled. For reference, this is more than MasterCard and American Express and could easily surpass VISA in 2023, which settled $11.6T this yearStablecoin settlement volume has seen parabolic growth in recent years Despite the meteoric growth, we are still very early in the adoption curve for stablecoins — the total addressable market is equivalent to the world’s money supply of more than $80T, and we have yet to see any stablecoins that address all three properties that make an excellent stablecoin well. It may be the case that we never will, which could be a good thing because there would be a slew of popular coins that address different use cases and diversify the risk of a sin...
Unlocking Tokens, BAOv2 and veBAO Launch: What You Need to Know
The time has come to unlock Bao tokens rewards from the distribution phase of the project and migrate to Baov2! This article will take you through the two options for unlocking and anything else you need to know to prepare for our project’s new era, focusing on liquidity and revenue.The move to Baov2 will reduce the token supply by a ratio of 1000:1, so expect to receive 1000x fewer tokens when you migrate! — Locked Tokens - Locked token balances on main-net and Gnosis (xDai) have combined, and you will choose what to do with them on main-net. Please consider the two options carefully because once you have selected one, you cannot alter your decision. — Option 1: Stake in veBAO. — If you choose to stake your locked tokens, you receive veBAO in proportion to the length of time you decide to stake, up to 4 years. Locked Bao holders can stake for 3+ years. In contrast, liquid Bao can stake from 0–4 years. veBAO is an account-based point system used for governance power and rewards distribution. The benefit of choosing this option is that you can use your entire locked Bao balance stake for veBAO from day 1. This puts a lot of power and early revenue in the hands of locked Bao holders that choose the staking option. veBAO gives users a share of: Revenue: Every time someone mints baoUSD, they open a loan on which they must pay interest. 100% of this interest is distributed to veBAO holders as baoUSD. Addi...
How to retrieve BAO liquidity from BAO farms
This will be a guide on how to unstake and remove your LP tokens on any DEX you may have BAO on. First, go to app.bao.finance and select any of the farms you are providing liquidity. For the first example, we will use BAO-USDC SLP. Then click MAX on the window that pops up and click withdraw LP or SLP, whichever farm you are removing from, click confirm in your wallet. Now if you provided LP from Uniswap, skip ahead. — Sushiswap - For now, we will be going over SLP from Sushiswap. Go to www.sushi.com and select “my positions” Hover over your position in BAO SLP and click withdraw. Approve any tokens that the DEX requires you to and click MAX then “Remove Liquidity” and click confirm in your wallet. — Uniswap - Now if you provided LPs for Uniswap it’s the same for unstaking from Bao Finance portion of this guide but we will now go over removing LPs from it. First, go to app.uniswap.org and select your BAO position. Then click remove on the opened position tab. Click MAX then click Confirm, then click Confirm in your wallet. Congrats! You’ve removed your LPs from Uniswap/Sushiswap DEXs How to retrieve BAO liquidity from BAO farms was originally published in Baommunity on Medium, where people are continuing the conversation by highlighting and responding to this story.
Bao Finance token migration, locked distribution, and veBAO implementation
Bao Finance Tokenomic overhaul is scheduled for November 25th, 2022 As the crypto industry evolves, so do the economic models that underpin token projects. The Bao community has recognized that the current tokenomics of Bao are not optimal for incentivizing long-term staking and providing liquidity for our synthetics long term. To address these issues, the community is excited to introduce veBAO, a new staking and governance mechanism resulting in a number of changes that will encourage BAO holders to lock their tokens and help bootstrap the Bao ecosystem as it starts to take shape. To achieve this, Bao needs to overhaul its tokenomic by migrating to a new version of the Bao token. Finally, users will be able to start their distribution of locked Bao where the locked balance of Bao on Ethereum and Bao coupons on Gnosis chain will be merged to unite governance power from those two deployments. — Launch details - The launch of our token migrations and veBAO distribution will begin on November 25th, 2022. At that date, Bao holders and farmers will be able to : Swap BaoV1 for BaoV2, Begin their locked Bao distribution, Convert their locked Bao to veBAO, The farming on Bao Finance that has been ongoing for almost two years will end on November 19th at the Ethereum block #16002086 (etherscan.io) Snapshot will be taken after block #16002086 to calculate the exact amount of locked BAO and Bao coupons each Bao Farmers has ...
BAO Finance -Treasury Update
Written by 50, Treasury galaxy contributor Hello BAO fam! Over the past weeks the treasury galaxy has been working on an initiative to update the stance of the treasury into one that is best equipped to earn bear market resistant yield, and fund DAO operations far into the future. In this article, we will be detailing the new philosophy of the treasury team, and sharing some of the insights we gained along the way. Yield-farming maximalism Due to the notoriously volatile state of the crypto ecosystem, the treasury galaxy has decided that a strict *no trading* policy will be adhered to (meaning the treasury galaxy will not try to time the market in the hope to realize gains on bluechip DeFi tokens, nor will we gamble treasury value on highly speculative crypto assets). From here on out, the positions taken will be exclusively focused on providing liquidity to stable pools in addition to yield farming on Eth — with the goal being to maintain the team runway in perpetuity. Previous allocations For the past few months, the treasury funds have mostly sat in the RAI3crv pool on curve earning a healthy double-digit APR — however, with recent governance concerns rising within Reflexer Lab DAO and the fact Bao Finance held more than 25% of RAI liquidity on Curve, we decided that it would be a wise choice to diversify our treasury holdings to mitigate the risk of RAI/FLX exposure. Just tell us the positions! Okay okay, he...
Bao Q2 Update
Taken from a slide in the June community call. Key: Now that July has come to a close, it’s time to look back at the progress made in Q2 of 2022 and what we expect to see in the coming quarter. — Bao Baskets / bSTBL launch. — Bao Baskets are a flexible synthetic building block that “wrap” tokens, allowing the underlying assets to be used in various ways while the “wrapper” or basket token stays where it is. In June, Bao released the first version of Bao Baskets on Ethereum main net, with bSTBL as the first basket — The Bao Stable Basket provides a way to earn yield and diversify counterparty risk on stable assets. Shortly afterward, a governance vote passed to reduce the fees for bSTBL to 0 and add it as collateral to Bao Markets so that it could fulfill its primary use case as collateral for baoUSD. The community has designed bSTBL so that it could be effective collateral regardless of the depth of liquidity available for the token. Instead, the underlying assets have deep liquidity and chainlink price feeds so that liquidators can easily calculate the value of bSTBL and liquidate at-risk positions. — bSTBL as collateral and fee removal. — The most recent product change has seen bSTBL added as collateral to baoUSD and all fees associated with bSTBL reduced to ZERO! Bao wants bSTBL to act as low-risk yield-bearing collateral for baoUSD, but fees add friction to its use as collater...
Bao Finance Has Integrated Chainlink Price Feeds To Help Secure Synthetic Assets
We’re excited to announce that Bao Finance — a synthetics protocol that enables anyone to build tokens pegged to any numerical data feed — has integrated Chainlink Price Feeds on Ethereum mainnet. By integrating the industry-leading decentralized oracle network, Bao Finance now has access to high-quality, tamper-proof price feeds needed to create secure synthetic assets that reliably flag at-risk collateral for liquidations. This will provide our users with stronger assurances that the protocol will remain solvent and that the data used for synthetic token prices is not possible to manipulate. Our initial integration involves the use of ETH and USDC-based feeds for collateral on Bao Markets. A corresponding Chainlink Price Feed is also a requirement for tokens included in a Bao Basket, as high-quality price data is needed to reliably use any asset as collateral on Bao Markets. Our first Bao Basket, bSTBL uses USDC, DAI, and RAI based price feeds to calculate its Net Asset Value. Bao Baskets are an easy way to gain yield-bearing, rebalancing exposure to crypto on the Ethereum network. Our first basket, bSTBL, represents ownership of an equal split of USDC, DAI, and RAI, which is deposited into other protocols to earn yield. In the future, we plan to implement novel functionality that enables users to create their own baskets with custom yield farming and rebalancing strategies. Bao Markets help users mint synthet...
BAO Treasury Plan and Treasury update (06/18
BAO Treasury Plan and Treasury update (06/18/2022) - — Introduction - On March 5th, 2022, the unanimous passing of BIP-9 officially marked the creation of the Treasury Galaxy. In the BIP, the Treasury Galaxy was given 120 days to define a proper risk management strategy and to update the DAO with their plan. Since then, the Treasury Galaxy has been hard at work creating a plan to ensure BAO can meet its operating expenses through a prolonged bear market while still providing positive risk-adjusted returns to grow the DAO’s treasury. — Approved Protocols - The Treasury Galaxy plans to use the following list of protocols in their ongoing management of treasury funds: Convex, Curve, Yearn, Lido, Rocketpool, BAO Synthetic Markets and BAO Baskets, — Strategies - The treasury is currently staking the majority of stablecoin reserves (1M) in the RAI+3CRV pool at Convex Finance earning both CRV and CVX tokens. As our stable reserves grow, we will also continue to accumulate more CRV and CVX. CVX tokens will be locked in 16 week periods on Convex Finance earning platform fees as well as bribes for gauge weighting votes on Curve. CRV tokens will either be swapped to ETH or stables or will be swapped to CVX and locked in the Convex strategy previously mentioned. — State of the Treasury - Current monthly operating expenses are around $52,150. This comes from a combination of salaries ($33,150/month) and galaxy...