{"type": "project", "title": "BakerFi", "logoImg": "bafkreiforv5ivnvx6mbsoppzryba6m4vlfzbpln6xhkmgk7n3slznjehh4", "website": "https://bakerfi.xyz/", "bannerImg": "bafkreif6f6oezzq52hlqyjmcaxayiogdq5k6py6lyi2tna34t24kxwoini", "createdAt": 1702220833000, "userGithub": "", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..-Cd7fIOyF53CizmtVZfoFj_cMHG4JHvII-0hxXU0PcsTRkM0-nUdYJkxxpi_GcBqf8Z2aVxMx6av1YnTYKNeBQ", "type": "Ed25519Signature2018", "created": "2023-12-10T15:01:12.183Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-12-10T15:01:12.183Z", "expirationDate": "2024-03-09T15:01:12.183Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x5B9D9E25a00A88290F35EE726490852e4DF083e3", "hash": "v0.0.0:EpwTiOG0c8KmwEyFuiws15hiCBIIhk09QgCHFup7b/s=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#bakerfi_"}}}, "description": "Welcome to the Bakery \ud83e\udd56\n\nWe are building a protocol with automated and user-friendly liquid staking strategies.\n\nStaking tokens is a key method for earning returns, but maximizing APYs through recursive staking and lending pools can be complex and daunting, especially for users unfamiliar with DeFi. \n\nOn top of this, we have 4 main pillars as a solution:\n\n- Our platform offers a user-friendly experience with seamless and intuitive liquid staking features;\n- Users select an ETH amount, click 'Start Program', and our smart contract automates optimal return actions;\n- The smart contract automates staking and redistribution of balances to prevent liquidations;\n- Users staking receive brETH, a liquid token, tradable and usable for any purpose, with daily reward payouts.\n\n\nOur target market includes the usual DeFi-savvy people and people with less knowledge like regular users. We think the market needs a solution simple enough to incentivize anyone to be a part of the DeFi world. Instead of relying on CEX\u2019s which have a better user experience but don\u2019t have decentralization and many returns/strategies opportunities.\n\nWe are also planning to build, in the future, customized strategies for DAO\u2019s, web3 organizations and institutions.", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "baker-fi", "projectTwitter": "bakerfi_"}
BakerFi
Welcome to the Bakery 🥖

We are building a protocol with automated and user-friendly liquid staking strategies.

Staking tokens is a key method for earning returns, but maximizing APYs through recursive staking and lending pools can be complex and daunting, especially for users unfamiliar with DeFi. 

On top of this, we have 4 main pillars as a solution:

- Our platform offers a user-friendly experience with seamless and intuitive liquid staking features;
- Users select an ETH amount, click 'Start Program', and our smart contract automates optimal return actions;
- The smart contract automates staking and redistribution of balances to prevent liquidations;
- Users staking receive brETH, a liquid token, tradable and usable for any purpose, with daily reward payouts.


Our target market includes the usual DeFi-savvy people and people with less knowledge like regular users. We think the market needs a solution simple enough to incentivize anyone to be a part of the DeFi world. Instead of relying on CEX’s which have a better user experience but don’t have decentralization and many returns/strategies opportunities.

We are also planning to build, in the future, customized strategies for DAO’s, web3 organizations and institutions.
BakerFi