The Baksdao.Finance is a decentralized Platform, supported by smart contracts and managed by the community.
Currently available functions:
Deposits at an interest rates up to 20% APY, perpetual loans at a minimum of 5% APY, and exchanges.
The security has been confirmed by international auditor - SolidProof.
Loans collateral valuation is provided by a dynamic comparison of LTV parameters and current Chainlink oracle data. The platform's TVL depends on the amount of assets placed in collateral and deposits.
There are two native tokens:
1. BAKS - algorithmic stablecoin, that is always equal to 1 USD.
2. BDV – government token and a recapitalization source.