The Bao Vision of Finance
Traditional finance doesn’t work. Not for most people. It works for wealthy suits. It’s great for them. They own the data. They own the marketplace. And if things don’t go their way they change the rules of the game.
Many people think the answer to fixing this system is simple. Just put it all on DeFi. But in reality that doesn’t work by itself. The projects that have been successful in DeFi are the ones that do things that did not exist in old finance. Compound, Uniswap, Balancer are good examples. They all do things in a new way.
Why does this happen?
It all comes to data. Most people aren’t aware that financial data is what makes institutions so powerful and why you can’t do what they do. This is why synthetics will matter.
But why does that matter?
If you can get liquidity in any discrete quantifiable event then what have you created? The world’s most accurate financial data system.
Financial data is used within insurance, lending, hedge funds, risk mitigation, banking, yield, mortgages, credit scores, etc.
Incentivised synthetics allow you to start building an open financial data market. But once you have synthetics, you own the financial data stream to anything because you can incentivise liquidity to make it more accurate.
When you own the financial data stream you can start any DeFi business you want on top of it, or package and sell the data for others to build on. But you become a strong base foundation of the future of finance.
Market Cap
$60,070,597
24 Hour Trading Vol
$3,542,616
24h Low / 24h High
$0.00117087 / $0.00133655
Circulating Supply
48,290,982,821 / 897,662,316,394
Fully Diluted Valuation
$1,116,628,995
Max Supply
897,662,316,394
Traditional finance doesn’t work. Not for most people. It works for wealthy suits. It’s great for them. They own the data. They own the marketplace. And if things don’t go their way they change the rules of the game.
Many people think the answer to fixing this system is simple. Just put it all on DeFi. But in reality that doesn’t work by itself. The projects that have been successful in DeFi are the ones that do things that did not exist in old finance. Compound, Uniswap, Balancer are good examples. They all do things in a new way.
Why does this happen?
It all comes to data. Most people aren’t aware that financial data is what makes institutions so powerful and why you can’t do what they do. This is why synthetics will matter.
But why does that matter?
If you can get liquidity in any discrete quantifiable event then what have you created? The world’s most accurate financial data system.
Financial data is used within insurance, lending, hedge funds, risk mitigation, banking, yield, mortgages, credit scores, etc.
Incentivised synthetics allow you to start building an open financial data market. But once you have synthetics, you own the financial data stream to anything because you can incentivise liquidity to make it more accurate.
When you own the financial data stream you can start any DeFi business you want on top of it, or package and sell the data for others to build on. But you become a strong base foundation of the future of finance.
Market Cap
$60,070,597
24 Hour Trading Vol
$3,542,616
24h Low / 24h High
$0.00117087 / $0.00133655
Circulating Supply
48,290,982,821 / 897,662,316,394
Fully Diluted Valuation
$1,116,628,995
Max Supply
897,662,316,394