⌘K

Baki

Total Value Locked$9,343

Chain Breakdown
Avalanche	$9.34k

USD AVAX

Information

Protocol Information

Baki provides synthetic African stablecoins in a scalable manner to bring African currencies on-chain. Collateralized with USDC, Baki allows users to mint zUSD (US Dollar), zNGN (Nigerian Naira), zZAR (South African Rand) and zXAF (Central African CFA). zTokens can be swapped for one another without any slippage, providing infinite FX liquidity.

Category: CDP

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Token Information

Methodology

Total collateral deposited on Baki

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Competitors

Abracadabra Spell ($48.04m)Angle ($33.19m)QiDao ($23.74m)Stable Jack ($8.8m)Monroe Protocol ($997.99k)MakerDAO ($5.26b)JustStables ($2.02b)Liquity ($448.03m)Avalon USDa ($421.64m)Thorchain Lending ($233.33m)