Bao Finance (BAO) is the 1398th largest cryptocurrency in the world by market cap, valued at $39,834,795. The current price of Bao Finance is $4.0467258950921E-5, which is -2.768% lower than yesterday. Prices have ranged between $0.00004195 and $0.00004059 over the past 24 hours. All prices are listed in US dollars and accurate as of February 09, 2023 03:02 UTC.
Bao Finance price chart
Price over the past month
What is Bao Finance?
BAO is the blockchain-based governance token of BAO Finance, created exclusively for financial transactions. BAO Finance is a “second layer” protocol for synthetic assets built on top of Uniswap, SushiSwap or Balancer.
It is known as L2 (Layer 2) DeFi because it adds its protocol features over a DeFi system. The main objective of BAO Finance is to create robust synthetic assets for any type of market. Users can generate synthetic assets by using their liquidity provider (LP) tokens from Uniswap, SushiSwap or Balancer and becoming a part of the BAO ecosystem. Additionally, the user also earns yields and fees by providing liquidity to the pools. The BAO token is backed by an insurance fund where all the BAO fees are accumulated. By staking their LP tokens as collateral, users can also earn BAO tokens that can be used to create more synthetic assets, which can then be used to invest in other assets.
Bao Finance recent updates
Feb
'22
Bao Finance announced its move to BIP 7, which involved a significant upgrade to the platform's governance with the opening up of BaoDAO.
Bao Finance at a glance
Basic stats for Bao Finance
#1398
$40 M
984 B
73 B
Sushiswap
Decentralized finance
Governance
Ethereum
Bao Finance news
![Aptos [APT] recovery at stake – can bulls clear $16.3615 hurdle?](https://images.cryptocompare.com/news/default/ambcrypto.png)
Aptos [APT] recovery at stake – can bulls clear $16.3615 hurdle?
Ethereum and Bitcoin offer stability, Orbeon Protocol offers high returns
Bao Finance performance over time
Bao Finance fundamental and technical analysis
Time frame
Movement
1 day
2.77%
1 week
5.96%
1 month
8.42%
2 months
4.65%
200 days
64.76%
1 year
80.77%
Social activity for Bao Finance
Similar assets
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