# BakerDAO

<figure><img src="/files/BqqBIMr41MeB7hjNfaXn" alt="" width="375"><figcaption></figcaption></figure>

### What is it?

* BakerDAO is a protocol incubated by Yeet and [Kodiak Finance](https://x.com/KodiakFi).&#x20;
* BakerDAO issues BREAD: an up-only BERA derivative which can be borrowed against at 99% LTV with no liquidations, and can be looped in order to access leverage.
* BakerDAO acquired stBGT (a BGT LST) from Stride
* [App](https://www.bakerdao.io/)
* [X](https://x.com/BakerDAO420)
* [Documentation](https://documentation.bakerdao.io/)
* [Dashboard](https://dune.com/purif/bakerdao)

### How is it linked to Yeet?

* BakerDAO profit is shared among Yeet, Kodiak, and Stride in the following split: 40/40/20
  * Liquidity and debt incentives via bribes as well as BakerDAO operating expenses are deducted from BakerDAO revenue before distribution of profit


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