Since Bao Finance DAO’s establishment, our mission has been to democratize financial…
At BAO we believe that DeFi should be built for everyone. Crypto is too technical…
Written by Vex, edited by Chickn
In this series of articles, essays and thoughts I will attempt to introduce crypto synthetic assets from the most basic definition of terms, to current projects creating crypto synthetic assets, to the blue sky future of this fascinating new concept.
To best understand synthetics I think it is best to start with the idea of counter party risk. OK, let’s go!
Say you have one physical gold coin in your possession. You have 0 counter party risk. You have the gold, no one has a claim on it…
