/biz/ - Business & Finance

It’s a real world chainlink use case.
https://docs.bao.finance/benefits-of-bao-reasons-to-use-bao
>BAO uses chainlink oracles at its core for synthetic assets meaning we can ensure accurate pricing and not force liquidations.

https://docs.bao.finance/synthetic-assets
>Synthetic assets will rely on oracles for their pricing information and will support:
>Uniswap V2 Oracles
>Chainlink Oracles
>Augur Outcome Oracles
>Band Protocol Oracles
> Literally on SUSHI roadmap for 2021

Synthetix is worth 1.8 Billion in market cap.
UMA is worth 700 Million.
Bao is worth around 4 million.
He is literally forking the Synthetix code and adding Balancing, Options and Automation.
This SNX + AAVE.
All of this under the umbrella of Sushi, the third biggest DEX by volume.
UMA, the second biggest Synthetic token project run 91% of their volume through Sushi.
You think Sushi don't know exactly what the play is here? They're going to take that slice of the pie and give it to Bao.
You think Baoman doesn't know what he is doing? Go and read the FAQ. Go and read the Medium. Go and speak to him in the discord. He speaks German, French and English and will happily answer any technical questions you may have, although he is rather busy setting up the migration.
If you want to know more about the Sushi integration and how it came about there is a forum post here:
https://forum.sushiswapclassic.org/t/sushi-x-bao-partnership/1834
Which is quite illuminating.
You might argue that he doesn't have a product, well he explains his plan in the FAQ:
>To enable the users to create synthetic assets, the Bao Finance team will be creating a fork of the Synthetix ecosystem.
So now he has a product. He's going to steal theirs and add Balancing Automation and Options, and Sushi are going to help him and together they are going to take over the space.

Buy in, or don't, I don't give a fuck, but don't come whining about how you missed the most obvious 100x of the year when you see Bao trading at $0.01.