/biz/ - Business & Finance

[Anonymous No.27555014]

What does BAO Finance do exactly? I get the farming model and the distribution. But what will it do in the future short term and long term? Is it like early SNX or what. Explain to a brainlet retard

[Anonymous No.27555272]

>>27555014
in short, nothing really.

[Anonymous No.27555329]

>>27555272
Yes it is essentially nothing right now but a money printer

[Anonymous No.27555456]

It's like SNX + Aave, but for Uniswap, SushiSwap and Balancer.
Rather than re-invent the wheel Bao creates new features for existing protocols.

Synthetic assets are an important part of a decentralized ecosystem. They allow decentralized infrastructure to offer assets that track the price of any system.
This means users could make synthetic assets that track either the price of BTC or the inverse price of BTC (creating a synthetic put). It also means you could track prices of stocks or other traditional assets, allowing users around the world to have trustless, decentralized, 24/7 access to stocks like $AAPL.
Right now existing protocols for synthetics (like Synthetix and UMA) require you to put your assets into a base token in order to collateralize the creation of your synthetic asset, taking on risk and losing you exposure to the underlying assets of your choice.
Instead of this, we are allowing users to use their Uniswap LP tokens to create synthetic assets, so they will still have their exposure to the underlying assets and the LP fees from that trade pair.
Despite these inefficiencies the market for synthetics on Ethereum is already >$1B marketcap and >$1B TVL.
We believe BAO will increase that dramatically by making it practical to partake in synthetic asset creation.

[Anonymous No.27555713]

>>27555456
Yeah.. Im literally too dumb to understand if this will be valuable

[Anonymous No.27555809]

>>27555713
fuck yeah it is

[Anonymous No.27556028]

>>27555456
synthetic assets are actually even more powerful than that. if you combine synth assrts with oracles (what bao is doing) you can essentially trade on every trackable time series graph.
to give u a concrete powerful example, a politician's wage/bonus could be determined by using a smart contract that is paying out money according to the value of the synthetic asset created by an 'air pollution graph' to give the politician an incentive to keep the air clean.

lmk if you grasp what i am saying, i am tired af right now and i pulled this example just out of thin air but it should show u how amazing this is and how many new possibilities bao opens up for traders.

[Anonymous No.27556105]

You know the 2008 housing crisis? It lets us do that for crypto.

[Anonymous No.27556980]

>>27556028
>>27556028
Sounds like technobabble to me, to give this token "Value" lol. So in short it literally doesn't do anything. 800bill supply, meh

[Anonymous No.27557037]

why did it make me laugh, lol. Fuck seething nolinkers

this tards still try to give their shitcoins
lmao

and they hope that this will works, what a retards

I just use poolz and their staking options, presale will be soon and I will get nice $$

[Anonymous No.27557054]

>>27556980
ok dave

[Anonymous No.27557189]

>>27556028
>directly paid based on their statistical outcomes

You know that's fucking horrible right. You need qualitative analysis of pay related performance or you get CDOs and market crashes.

[Anonymous No.27557226]

>>27556028
So it's a tracking system?

[Anonymous No.27557229]

>>27556105
KEK this is a great post

[Anonymous No.27557341]

>>27555014
Allows for the trading of Synthetic instruments, that can reflect more that just financial assets. It can model non-monetary indicators and phenomena.

[Anonymous No.27557452]

>>27555713

Here, let me translate it from high genius to low retard:

BAO MAKE YOU FUCKING RICH. FUCKING RICH MOTHERFUCKER.

[Anonymous No.27557456]

>>27557341
How exactly does it allow for trading of synthetic instruments? What is the synthetic instrument? Is it BAO itself or something else?