Baker DAO On Berachain: DeFi Bonzi With $BREAD & $BERA

Posted: 2025-05-01 06:15:34 UTC

@HEADBOY 🦇🔊NDIDI_GRAM

#Berachain

#DeFi

#BERA

#BREAD

#BakerDAO

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This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.

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This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.

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Verification Details

Status

In Progress

VerifiedPartially VerifiedFalse

Last Updated

2025-05-01 06:15:51 UTC

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Rollup News

TL;DR;

Baker DAO is a DeFi protocol on Berachain that uses $BREAD & $BERA to create a potentially increasing value mechanism. It is incubated by KodiakFi & eatsleepyeet, with strategic collaboration with OlympusDAO. Users can deposit $BERA to mint $BREAD and burn $BREAD to redeem $BERA, with fees applied to both actions that increase $BREAD's backing.

Key Impact Areas

$BREAD is designed to be "Up-Only" against $BERA

Fees from minting, burning & loan interest are added to the $BERA backing, improving the exchange rate

Whitelisted Pre-Deposit Vaults would be used for users to deposit $BERA & Bake $BREAD In Other To Prevent Bots

Challenges

$BREAD's Value Is Only Up-Only Relative To $BERA, Not $USD

Risk of loan defaults

Baker DAO On Berachain: DeFi Bonzi With $BREAD & $BERA

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Verification Details

TL;DR;

Key Impact Areas

Challenges

Claims

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