Background

Wrapped Finance

Wrapped Finance is a community-driven initiative, empowering users with the tools to build and interact with omnichain, secure, and decentralized synthetic markets. We're democratizing finance by providing unrestricted access to innovative solutions, leveraging the potential of synthetic assets that mirror an array of real-world and digital data. Our core principles of decentralization and security foster a robust financial ecosystem, immune to single points of failure. As a participant in Wrapped Finance, you’re shaping a transparent and inclusive financial future where traditional barriers cease to exist, and opportunities are accessible to all. We’re not just constructing a platform; we're orchestrating a new era in finance. Join us in this journey.

Integrationstwitter

Zhenglong Announces $STEAM Token Sale for Community Members

Thu 19th Jun 2025
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

Thu 19th Jun 2025
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

Thu 19th Jun 2025
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

Mon 5th May 2025
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/)
Community article

Zhenglong Finance: BAO's New Synthetic Asset Protocol

Mon 14th Apr 2025
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)

What Makes baoBTC Different?

Tue 11th Mar 2025
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. [Mint baoBTC](https://app.baofinance.io/vaults/baoBTC)

BAO Token Unlock Guide and 2025 Governance Update

Mon 23rd Dec 2024
BAO Finance has released a cinematic guide for members from 2020-2021 explaining how to unlock their tokens following the 2022 upgrade. In governance news, BAO is preparing for annual maintainer elections. The proposal includes: - Re-election of Chickn and Fabiaz as 2025 maintainers - Launch of core products: baoUSD, baoETH, baoBTC minters - Development of synth lending markets - Exploration of real-world synths like baoTSLA - Focus on transparency and high-yield products 2024 learnings highlighted the importance of developer documentation and trust-building through transparent operations. Join Discord for feedback and support.
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