What Makes baoBTC Different?
What Makes baoBTC Different?
🤔 wBTC's Decentralized Challenger
baoBTC introduces a fully decentralized alternative to wBTC on Ethereum, eliminating centralized custodian risks. Key features:
- Backed by ETH, wstETH, rETH, and tBTC as collateral
- Uses Chainlink price oracles for accurate pricing
- 90% collateral factor for capital efficiency
- Integrated with Bao's lending and synthetic markets
Unlike traditional BTC-pegged tokens, baoBTC cannot be frozen or censored since no single entity controls the underlying assets. The system maintains stability through decentralized collateral and oracle mechanisms.
$baoBTC has been LIVE for a week! 🔥 A truly decentralized BTC-pegged token on Ethereum, backed by ETH, wstETH, rETH, and tBTC. No centralized custodians, just pure DeFi power! Missed the launch? Catch up here: 🔗 medium.com/baomunity/intr…
What Makes baoBTC Different? Unlike wBTC, which depends on a centralized custodian, baoBTC is fully decentralized. It is backed by ETH, wstETH, rETH, and tBTC, removing counterparty risks and ensuring censorship resistance.🧵
Zhenglong Announces $STEAM Token Sale for Community Members
Zhenglong has launched a discounted $STEAM token sale running from June 18-23. The sale is exclusively available to specific token holders: - veBAO holders - veFXN holders - $cvxFXN (Convex Finance) holders - $sdFXN (StakeDAO) holders **veBAO holders benefits include:** - Access to discounted $STEAM sale - Ongoing $STEAM airdrops - Share of Zhenglong revenue **veFXN holders receive:** - Similar perks to veBAO - Access to Protocol FX features *Note: Protocol FX has been consistently breaking TVL ATHs*
veBAO Locking Metrics Show Significant Growth Post-Airdrop
The veBAO ecosystem has seen substantial growth following the recent airdrop campaign: - veBAO holdings increased from 102M to 243M (141M increase in one month) - Locked BAO jumped from 220M to 423M - Currently 64% of circulating BaoV2 (660M) is locked Key upcoming events: - Zhenglong IDO eligibility snapshot completed June 15 - Private Sale opening soon for veBAO holders - Public IDO later this month Benefits for veBAO holders: - Access to discounted $STEAM - Continuous $STEAM airdrops - Share of Zhenglong protocol revenue - Governance rights in both ecosystems
Zhenglong Announces Community Sale for veBAO and veFXN Holders
Zhenglong is launching a discounted community sale from June 18-23, exclusively for veBAO, veFXN, cvxFXN, and sdFXN holders. Key benefits for participants: - veBAO holders receive: • Discounted $STEAM token access • Ongoing $STEAM airdrops • Share of Zhenglong protocol revenue - veFXN holders get equivalent perks Protocol FX continues to set new TVL records daily. The sale follows a successful BAO airdrop period that concluded recently. [Claim BAO](https://app.baofinance.io/claim) [Lock BAO](https://app.baofinance.io/vebao)
Zhenglong Protocol Launches Landing Page, Announces IDO and Airdrop Plans
Zhenglong Protocol has officially launched its landing page following BAO community approval. The protocol enables creation of tokens pegged to real-world data feeds. Key upcoming releases: - Documentation and litepaper - IDO details - $BAO token airdrop specifics for Panda and Polly holders The protocol represents BAO's evolution into meta-governance: - veBAO holders will influence Zhenglong via locked veSTEAM - Protocol introduces Stability Pools with auto-rebalancing - STEAM token serves as governance mechanism Visit: [Zhenglong Protocol](https://zhenglong.finance/)
Zhenglong Finance: BAO's New Synthetic Asset Protocol
Bao Finance unveils Zhenglong Finance, a synthetic asset protocol focused on scalability and sustainable yield. Key features include: - Stability Pools with auto-rebalancing below 130% collateral thresholds - STEAM token introduction for governance and incentives - BAO token evolution into meta-governance asset - 50M BAO airdrop to Polly & Panda holders The protocol emphasizes real yield from assets like stETH and introduces veSTEAM for boosted influence. veBAO holders will gain access to protocol revenue, emissions control, and future governance rights across multiple protocols. [Join the discussion](https://discordapp.com/channels/784449645157285898/1360571935565680751)