Bao Finance price 

BAO

Bao is grassroots, community-run, VC-free, and decentralization maximalist.

We are building onchain tokenized derivatives, compatible with all of DeFi.

The sheer scope of the derivatives market is staggering. According to the Bank of International Settlements, the notional value of all active contracts worldwide surged to an astounding $2.5 quadrillion by the close of 2022. To put this into perspective, this amount is more than 30 times the total global GDP, highlighting the immense size and influence of the market on the world's financial landscape.

Decentralized, on-chain derivatives offer increased accessibility, reduced counterparty risk, enhanced transparency, lower costs, 24/7 trading, and improved security.

Best of all, on-chain tokenized derivatives, or synthetics, can be created from any data feed, meaning the use cases go far beyond the already vast ones from traditional markets.

Bao will transform the way we leverage and interact with information. Markets and Data will be accessible and actionable for everyone, moving the power of information from institutions to individuals.

Say goodbye to Moody's, Meridian, Experian, and Fannie Mae. Say hello to BaoBanks.