🍞BakerDAO

What is it?

• BakerDAO is a protocol incubated by Yeet and Kodiak Finance.

• 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

• X

• Documentation

• Dashboard

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