What is Bidao

Bidao is building a new blockchain system that is dedicated to Decentralized Finance, short DeFi. Our goal is to create a blockchain-agnostic ecosystem for Defi applications. The Bidao ecosystem uses 2 different Tokens: the governance Token BID and the stablecoin BAI. Users can also stake their BID tokens and support the Bidao network. The stablecoin BAI is an algorithmic stablecoin that is pegged 1:1 to the US-Dollar.

Bidao + Tomochain = ❤

Bidao is implementing Tomochain as a collateral asset. This means that TOMO can be locked up in CDPs to generate the BAI stablecoin.

Using TOMO as collateral is very easy…


Dear Bidao Warriors 👑

our developers are working to bring the Bidao ecosystem to the Polygon chain. Polygon is already a official partner of Bidao and we are happy to bring Bidao to their chain. The Polygon chain is a L2 scaling solution for the Ethereum blockchain. Polygon brings low fees and fast transactions to Ethereum.

What is Polygon

Depicted as “Ethereum’s internet of blockchains,” Polygon is emerging as a practical option for new projects as Ethereum 2.0 is still under development. It has gained popularity because of the great throughput and low gas expenses experienced by clients and developers in its platform. Polygon began as MATIC, a profoundly effective scalability solution created for the Ethereum network that pre-owned an adapted version of Plasma and PoS-based alt chains.

Please stay tuned for further updates as Bidao becomes the first multichain Defi system 💪


Dear Bidao Warriors 👐

In our last update we wrote that the testnet will go live in the next 2 weeks. The team has worked harder and faster and therefore we are already ready to go live with the Binance Smart Chain testnet.

Prerequisites 💻

All you need to interact with the testnet is a Metamask wallet that is connected to the Binance Smart Chain testnet.

You can find all the details to setup your Metamask for testnet here: https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain

In short, you have to add a new network to your Metamask with the following parameters:

Network Name: Smart Chain — Testnet


Dear Bidao Warriors ✋

the team worked relentlessly to bring Bidao to the Binance Smart Chain. We worked day and night to make this possible and we are happy to announce that soon Bidao will launch on the testnet of the Binance Smart Chain.

We are targeting a launch within the next 2 weeks.

Please stay tuned for further details 🙌


Dear Bidao Warriors 👑

The Binance Smart Chain has become a very popular chain for DeFi projects. Many DeFi newcomers launched on BSC like Pancakeswap and Autofarm. We are happy that Bidao can contribute to this awesome DeFi community 👏

Why Binance Smart Chain? ❓

BSC has some advantages compared to other Blockchains like Ethereum and Cosmos. A big advantage is that you can easily interact with BSC DApps with the same tools that everyone already used for Ethereum DApps. This makes it super easy to use because most DeFi users are already familiar with Metamask and how it works…


What is Bidao

Bidao is building a new blockchain system that is dedicated to Decentralized Finance, short DeFi. Our goal is to create a blockchain-agnostic ecosystem for Defi applications. The Bidao ecosystem uses 2 different Tokens: the governance Token BID and the stablecoin BAI. Users can also stake their BID tokens and support the Bidao network. The stablecoin BAI is an algorithmic stablecoin that is pegged 1:1 to the US-Dollar.

Bidao + Origin = ❤

Bidao is implementing OGN as a collateral asset. This means that OGN can be locked up in CDPs to generate the BAI stablecoin.

Using OGN as collateral is very easy…


What is Bidao

Bidao is building a new blockchain system that is dedicated to Decentralized Finance, short DeFi. Our goal is to create a blockchain-agnostic ecosystem for Defi applications. The Bidao ecosystem uses 2 different Tokens: the governance Token BID and the stablecoin BAI. Users can also stake their BID tokens and support the Bidao network. The stablecoin BAI is an algorithmic stablecoin that is pegged 1:1 to the US-Dollar.

Bidao + MATIC = ❤

Bidao is implementing MATIC as a collateral asset. This means that MATIC can be locked up in CDPs to generate the BAI stablecoin.

Using MATIC as collateral is very easy…


Dear Bidao Warriors,

in this development update, we will go over some new exciting stuff that we developed. At first, we will give a short update regarding the test-net and then we will share our new mobile application.

Testnet Update 🆙

The testnet is running very smoothly, but there can be some downtime at the moment because we are actively fixing stuff and debugging stuff. We are working on an update regarding the Blockexplorer that should massively improve the current experience. We also had to make some minor changes regarding the Tokenbridge as there have been some breaking changes in the web3 libraries.

Mobile (iOS, Android) Application for Bidao 📱


We’re excited to announce that ​Bidao​ will be integrating the Oasis Network’s ROSE token as a collateral asset. Through this integration Bidao’s users will be able to lockup ROSE in CDPs to generate the BAI stable coin.

Bidao is building a new blockchain system that is dedicated to Decentralized Finance, short DeFi. Our goal is to create a blockchain-agnostic ecosystem for Defi applications. The Bidao ecosystem uses 2 different Tokens: the governance Token BID and the stablecoin BAI. Users can also stake their BID tokens and support the Bidao network. The stablecoin BAI is an algorithmic stablecoin that is pegged…


As we told in our New Years post, 2021 will be the year of Bidao. 🚀 #YOBID2021

This is the first step of our 2021 journey and we are happy that we can enjoy this adventure with our Bidao community. Together with our community we want to deliver the best product and user experience possible.

What awaits you❓

In short: The goal of Bidao is to build a stablecoin solution that is flexible and user friendly.

Why is Bidao more flexible? 🔌

Bidao is not just a simple clone of other stablecoin projects like MakerDAO. The current decentralized stablecoin solutions are very rigid, which means that they are not…

Bidao Chain

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