BaksDAO

BaksDAO is about generating income from owning crypto-assets by placing them on the platform to then lend them at interest to other users. Smart contracts, oracles and communities are responsible for the operation of the platform.  The platform is decentralized and we plan to become a full-fledged DAO project.

The project team was formed in 2018 working on a P2P lending project on Blockchain ERC-20. Given the expensive transactions on the network and the emergence of DAO projects on the market, the team revised the concept of the platform in the direction of building a DAO platform. 

We believe that decentralized platforms will play a significant role in the financial system of the future. In creating BaksDAO, we took a new approach to deposit, credit and DeFi development in the Metacities.

Every Baksdao.Finance user can get a loan with no mandatory repayment terms. With a BDV control token the user is able to repay the loans at a much lower interest rate than standard loans, so we enable our user to earn much more by interacting with our platform.

Proprietary Algorithmic Stablecoin - fully backed by crypto-assets that are on BaksDAO smart contracts. Stablecoin exchange rate is pegged to the dollar, 1 BAKS is always $1. The Stabilization Fund, Stablecoin balancing modules, Exchange Fund and community members are responsible for maintaining stability.

Users of the platform can receive a BDV (BDV), the system's control token, which ensures decentralized decision-making by the community. It also guarantees the autonomy, security and transparency of the system, as well as the fulfillment of the obligations of the platform and the community to the members of the system.