A lot of people are asking why did i drop just over a 500k usdt into @BakerDAO420 . Here is a small brea down on how there system works.
BREAD is backed by BERA
Deposit BERA to bake BREAD
Burn BREAD to redeem BERA
Take BERA loans using BREAD as collateral up to 99% LTV (lol) The ponzu is that BREAD is backed by BERA and all of the above activities generate fees that contribute to that backing. As activities happen, the BERA:BREAD rate increases.
In Crypto you must bet on what you believe in. I believe in @berachain and will support the entire chain and who is building on it ! @SmokeyTheBera
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