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BitDao proposes a Decentralized Bitcoin pegged token that will track the Bitcoin price as reference value similar to MakerDao tracking USD. BitDao token will act as a governance and a DeFi token with APY of 15-50% Any token in the smart chain can act as collateral which ensures stability within the pegged token.
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Krishna Yogi
Founder of Ecoin Foundation (https://ecoinofficial.org), then Bitdao.
Reference 1: https://ecoinofficial.org/team
Reference 2: https://bitdao.network/#/team
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