BAO Finance Video | by Investment Theory
Warning: Bao Finance is in alpha, it is unaudited and was originally developed by a one-person self-taught team. While we are in the process of scaling the team, please understand the risks and use this product accordingly.
It's like SNX + Aave, but for Uniswap, SushiSwap and Balancer.
Rather than re-invent the wheel Bao creates new features for existing protocols.
The BAO token acts as a governance token for the full community-run project. It is also backed by the insurance fund where all Bao fees go.
Bao (包) stands for a treasure or package. Something wonderful that is wrapped up in another layer. Bao buns, or in Chinese Baozi (包子) are delicious wrapped dumplings.
These bao buns are the tradition of taking something good that exists and wrapping it up into being a new treasure.
Bao Finance aims to do this by being a new protocol that adds features to existing DeFi systems.