What is BakerDAO? It is a new up-only DeFi protocol incubated by @KodiakFi and @eatsleepyeet, with collaboration from @OlympusDAO How does it work? 👇

The current average loan duration is 73 remaining days Don´t forget to check your positions (🍞,🍞)

Over 10,000 unique sourdough enjoyoooors (🍞,🍞)

The BakerDAO stBGT vaults are expanding 🔥 Earn stBGT by LP'ing WBTC-HONEY or WETH-HONEY on @KodiakFi You can start staking to earn here: https://t.co/xQ0h1yqLH6 aaaaahhhh im bakiiiiiing (🍞,🍞)

Over 200,000 BREAD collateral expires this week on BakerDAO Please check your positions and extend or close as necessary so you don't lose your collateral (🍞,🍞)

We're live discussing sourdough bread 🍞

This is a verification post to list stBGT on @coingecko request ID: CL0909250049

This is a verification post to list stBGT on @CoinMarketCap request ID: 1268778

apGP10 has passed and there is a follow up proposal that would involve baking the treasury $bera in @BakerDAO420. Please make sure to vote if you are a member and check in the discord for a more in depth discussion over the mechanics and risks involved. https://t.co/83JB3EAHqi

stBGT rewards for users with loans and loops are flowing 1) Claim rewards via the @BakerDAO420 app, or via the @merkl_xyz campaign page: https://t.co/JmtvQoT9bV 2) Rewards are calculated using: notionalPositionSize * sqrt(timeToExpiry) 3) Only positions opened or extended

The new stBGT website and mechanics are now ready. Website: https://t.co/7xPOnLJuaw 1) stBGT will have 1:1 redemptions into BERA with a 5% redemption fee. Redemptions are open to all, and take around 2 hours to process. BakerDAO will never close redemptions. Redeem here:

1626 gluten maxis have active debt positions on BakerDAO 800 of them are leveraged loops no big expiries upcoming this week (🍞,🍞)

Gluten morgen to all the bakers 🍞

1610 active positions on BakerDAO 791 of which are loops 71 days average remaining loan duration September 19th: next big expiry, 139,000 BREAD ready to be toasted Don't forget to extend your loans (🍞,🍞)

The current BREAD premium to BERA is 12.5%. BakerDAO launched 130 days ago, so this yield annualized is 35% Opening a loop for 90 days and extending it would have granted 25x leverage on this gain Opening a normal loan would still have exposed you to the 35% APR whilst allowing

BERA can now be natively staked on @berachain 🔥 Want to boost your yield in a low risk way? 🍞Bake BREAD 🍞Borrow BERA at 99% LTV 🍞Stake it while also enjoying exposure up-only BREAD

Some info to start the week: 🍞Unique users: 9283 🍞BREAD premium: 1.124 🍞Next big expiry day: 19th August, 138k BREAD 🍞Stride handover finalized, stBGT rewards thoon Don't forget to check your positions (🍞,🍞)

Over 100k of BREAD loans will expire this week. Please monitor positions and close/extend accordingly to avoid losing collateral (🍞,🍞)

if you are a @BakerDAO420 whale (anyone who put opened a loop/loan with over 5000 BERA) DM me. will add you to a TG group

The proposal to transfer ownership of stBGT to @BakerDAO420 has passed! Stride contributors will begin transferring ownership of relevant smart contracts and operations next week. stBGT holders: No action needed as part of this process. You can continue to use stBGT as normal.