FAQs
Last updated
Last updated
1,177 degens and counting.
The core team has mostly been doxxed if you have been active enough on X or Telegram
No.
We had many calls with several VCs prior to launch and decided to decline any VC investments
Governance. Further details to come
Yes.
The term Nakamoto Dollar or NakaDollar was coined by Arthur Hayes in his Dust on Crust blogpost. The idea for a synthetic dollar has been around for a few years with several prior attempts like UXD Protocol and USDv from Valiu.co. Ethena's USDe has been the most recent and most successful so far.
Technically - nothing. But our own incentives prevents this.
Tether, Circle or centralized exchanges where large amounts of money are in custody also could run away with deposits. But they don't because of 1) legal reasons and 2) profit incentives.
The Bamk.fi protocol is already revenue generating. There's no point running away with one lump-sum amount and be on the run from law enforcement forever, when if we do the right thing, we can keep earning perpetually. Tether recorded a net profit of $4.52 billion this quarter.
The yield comes from BAMK tokens and we do not expect it to stay that high forever. The yield is also only an approximation. As BAMK rewards from Season 1 will only be received ~9 months from now, the actual amount users will receive may be very different.
The yield figure shown is only based off of current TVL and current BAMK price, and both could drastically change within a 24 hour period.
Please submit any questions you wish to be added to this page in the Bamk.fi telegram
