/biz/ - Business & Finance

Bao is literally the best project I've found in ages. The idea of synthetic assets on decentralized exchanges, like >>27763466 (checked) says, could be one of the most game changing developments in financial history. Not just crypto.

>crypto cap ~$900 billion
>stocks cap ~$73 trillion
>derivatives cap ~$544 trillion
>stocks and derivatives combined ~$617 trillion (1,067x all crypto combined) and even then those derivatives do not cover the types of markets you can make with synthetic assets

There are going to be people looking back on these threads in the future wondering how the fuck some of us were able to pick up on this so early. I'll say it now - because it was fucking obvious. Use your imagination.