What is basketdao (BDPi)?

BasketDao is the governance token for a protocol that focuses on DeFi portfolio management and Exchange Traded Fund (ETF). The Assets Under Management (AUM) tracks the underlying assets’ performance. BasketDAO’s first product on Ethereum: BDPI, an evolution of DPI with the following upgrades:

How does basketdao staking work?

To bootstrap the initial liquidity, BasketDAO will allow DPI holders to stake their DPI or Uniswap DPI/ETH LP. Staking rewards contract has been deployed and you can manage your staking here. Emissions begin, all stakers will earn $BASK — BasketDAO’s governance token, proportionally to their staking. DPI stakers will earn 1x.

How does basketdao ensure liquidity safety?

Liquidity safety is also guaranteed through the exit mechanism — you can always burn BDPI for the underlying tokens at any time. To bootstrap the initial liquidity, BasketDAO will allow DPI holders to stake their DPI or Uniswap DPI/ETH LP. Staking rewards contract has been deployed and you can manage your staking here.

What is the bigbasket?

1.2.1 Overview The Bigbasket is a virtual store on the Internet where customers can browse the catalogue and select products of interest. The selected items may be collected in a shopping cart. At checkout time, the items in the shopping cart will be presented as an order. At that time, more information will be needed to complete the transaction.