BALDI Tutorial
baldi.io is a synthetic asset project on the HECO chain, and its functions are exactly the same as the typical asset project Synthetix:
Users can mortgage the platform currency BADI and mint sUSD
sUSD can be converted into sBTC (long), iBTC (short), sETH, iETH and other derivatives for hedging and speculation.
At present, the BADI platform only supports the above four synthetic assets, but with reference to Synthetix, it can easily support a variety of linked assets: stocks, currencies, and crude oil.
baldi.io provides a DAPP interface: complex.baldi.io
Gameplay 1: BADI mining method: sUSD-USDT
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1. Purchase BADI (at MDEX)
2. Stake BADI Minting sUSD (at complex.baldi)
3. Or buy sUSD (at MDEX)
4. Add liquidity LP: sUSD-USDT (in MDEX)
5. Stake to obtain LP rewards, pledge sUSD-USDT LP Token (at complex.baldi)
*Purchased sUDT cannot get the platform dividend reward (the mortgage rate exceeds the target value), and the platform dividend reward will be escrewed for two weeks.
Gameplay 2: BADI mining gameplay: BADI-USDT, the second pool is relatively risky
1. Purchase BADI (at MDEX)
2. Add liquidity LP: BADI-USDT (in MDEX)
3. Stake to obtain LP rewards, pledge BADI-USDT LP Token (at complex.baldi)
Game method 3: Long and short + mining: Take sETH and iETH as examples
1. Purchase BADI (at MDEX)
2. Stake BADI to mint sUSD (at complex.baldi) or buy sUSD (at MDEX)
3. Trade into sETH, iETH, equivalent amounts of sETH, iETH, and hedge
4. Mortgage sETH and iETH in “LP Rewards” to obtain mining rewards
* If there is no hedge, for example, if you are short on ETH, you can also just be short (hold iETH) and mortgage iETH for mining.
If you want to sell BADI, you need to destroy sUSD first (there is a 24-hour lock-up period after casting), otherwise it is locked.
