/biz/ - Business & Finance

[Anonymous No.28101119]

can someone give me a quick rundown on bao?

[Anonymous No.28101159]

PND thats over

[Anonymous No.28101201]

rug pull

[Anonymous No.28101249]

Imagine being able to cause the 2008 financial crisis by buying a fucking crypto dumpling.

[Anonymous No.28101515]

>>28101119
It's a fork of Synthetix but it will allow using uniswap LP token as collateral.

[Anonymous No.28102190]

BAO - Balance Automated Options

>The pulled pork core
https://www.bao.finance/
https://docs.bao.finance/
https://thebaoman.medium.com
https://www.coingecko.com/en/coins/bao-finance

>The soft bun wrapper
Bao (包) stands for a treasure or package. Something wonderful that is wrapped up in another layer. Bao buns, or in Chinese Baozi (包子) are delicious wrapped dumplings. These bao buns are the tradition of taking something good that exists, and wrapping it up into being a new treasure.

Bao Finance aims to do this by being a new protocol that adds features to existing DeFi systems.

>What are Synthetics?
Think of Synthetics as the Derivative of the crypto world, but dramatically more expansive in scope.

Most people do not understand synthetics. They think that derivatives are only good for synthetic stocks. They just want to buy $APPL or $TSLA on the blockchain 24/7.

While that is a good part of synthetics, it is just replicating our existing market on the blockchain. What is far more powerful and exciting is that with synthetics we can do something new -- essentially, any data that can be tracked, can be a traded synthetic.

>I'd like to know more
https://thebaoman.medium.com/a-dumpling-vs-wall-st-why-we-need-synthetics-fb2eb87ccb86

[Anonymous No.28102229]

SNX + AAVE for Sushiswap and Uniswap.

Literally one of the best DeFi projects for it's marketcap.

[Anonymous No.28102312]

>>28101119
ADHD retard niggers fomo'ed, got booty blasted when it corrected down to 0.0001 and sold the farm. Now everything is fine. Go figure.

[Anonymous No.28102467]

synthetic assets on decentralized exchanges

think derivatives, but with an even bigger potential market

[Anonymous No.28102518]

>>28102190

>literally any data that can be tracked can be traded
this is the part that blows my mind. Am I understanding this correctly that when synthetics become available on this project, you'll be earning bao by creating markets based on whatever the fuck you want?
For example if I wanted to create a bao pair that tracks ONLY the number of star wars sequels and spin offs, I could create a perpetually inflating index?

[Anonymous No.28102877]

>>28102467
i want to crash the housing market with my dumplings

[Anonymous No.28103502]

>>28102518
Yes

[Anonymous No.28104950]

>>28101515
Its Asko you retard

[Anonymous No.28106342]

>>28101119

[Anonymous No.28106428]

>>28101119
yes, you are late to the party

[Anonymous No.28106572]

>>28106428
Not really. We'll probably do 4x this week.

[Anonymous No.28106648]

>>28101119
BAO - Big Ass Onion

[Anonymous No.28106804]

>>28102312
Im glad the adhd niggers got shaken out, plus I was able to pick up a couple more mil at the bottom

[Anonymous No.28107135]

will the xDai Bao be a different token entirely or it will sync with the ERC20 bao?

[Anonymous No.28107143]

>>28102518
>Am I understanding this correctly that when synthetics become available on this project, you'll be earning bao by creating markets based on whatever the fuck you want?
Yes. Congrats. You figured out why the rest of us early BAO adopters are so fucking bullish and unafraid of major dips.

[Anonymous No.28107207]

Solid project, BAOman (devs) are geniuses.

[Anonymous No.28107218]

>>28101119
yeah buy xDAI now because the pool migration will pump it
I don't even have xDAI but this is pretty much guaranteed profit

[Anonymous No.28107302]

Solid project, Baoman (devs) are geniuses

[Anonymous No.28107616]

>>28107218
>buy xDAI now because the pool migration will pump it
You mean STAKE? xDai is a stable coin.