Baker DAO
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  1. The Bakery

BreadGT

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Last updated 12 days ago

BreadGT is a $BGT liquid wrapper similar to iBGT. BreadGT will be minted by claiming claiming $BGT earned through whitelisted rewardVaults through the $BREAD contract.

$BGT accumulated is assigned to the BakerDAO treasury, where it is used to delegate to validators on the Berachain network and earn yield. 90% of the $BGT yield (from validator fees and bribes) will be awarded to BreadGT stakers.

10% of the $BGT yield will be used to loop $BREAD for 365 days.

BreadGT is backed 1:1 with $BGT in the BakerDAO Treasury and can always be redeemed for 1 $BERA worth of $BREAD by requesting withdrawals from the withdrawal contract (to be released).

BreadGT will only be enabled after POL goes live and BREAD has sufficiently scaled.

BreadGT will be staked in a Kodiak Farm, with gamified rewards multipliers. With rewards coming from protocols that use BreadGT as well as supplementary rewards from incubators.