Brainiac Finance: Roadmap Deep Dive
Brainiac Finance is the first smart lending market on Nervos that will open up a new way to borrow and lend while earning good APY, all in a fully decentralized setting.
The initial launch on Nervos Godwoken is planned for September 2022, and the Brainiac team has extensive development plans for the future of Brainiac Finance.

Asset Voting
In the near future, voting for assets to add will be enabled. Anyone can propose an asset, and everyone can vote for and against it.
After an asset successfully gets passed via voting, it will be added to the interface and will become available for lending and borrowing.



This transition to $BRAIN-based voting mechanics will help Brainiac Finance eventually shift to a fully decentralized entity living on Godwoken.
Our aim is to be completely community-first and fully decentralized, where the community plays as important a role as the core development team.

Safepal support
Once Brainiac Finance is launched, Full Dapp support to execute all transactions using Safepal Wallet is live.

vTokens
A relatively small user-side improvement to allow protocol participants to export their lender position in the form of tokens. vTokens are both tradeable and transferrable.

BrainUSD(BAI)
Brainiac Finance is designed to be a complete digital assets ecosystem, and introducing a stablecoin will be one of the next steps of that path.

BrainUSD (BAI) is a future stablecoin cryptocurrency that aims to keep its value as close to one United States dollar (USD) as possible.
It will be regulated by Brainiac DAO & $BRAIN holders, who may vote on changes to certain defined parameters to ensure stability.



Minting BAI will be as simple as borrowing: technically, there’ll be no difference between minting BAI or borrowing USD(T/C) for a basket of other coins.
Of course, when there’s borrowing, there will be liquidations.

Altogether, BAI is a collateralized debt position (CDP) via Brainiac Finance to secure assets as collateral on the blockchain.
With this architecture, BAI falls into the category of Crypto-Backed Stablecoins (similar to DAI/Oasis) as opposed to algorithmic stablecoins (sUSD, USDN) or fiat-backed stablecoins (USDT, USDC).
If we continue that analogy, $BRAIN is set to play a role similar to one of MKR, one of the most stable and battle-tested systems in existence.

Fees earned from minting BAI is set to be distributed among Brain stakers.

Protocol Governance and Profit Distribution

$BRAIN stakers get direct control of the protocol
Every decision made, whether good or bad, is to be voted through on-chain governance.
We are fully determined to be a community first protocol, and are committed to not making the same mistakes as Web2.0

This is how it will work: Every transaction, any proposal to change the rules of the game, can be created by anyone — but it needs to pass voting to get applied.
Everyone gets a chance to review, comment and vouch for or against it. After the vote has passed, anyone can broadcast the transaction, making the changes effective immediately.

This is the essence of pure DeFi governance, powered by Godwoken’s flexible smart contract system.

BRAIN stakers directly share revenue of the protocol
Revenue streams from all lending pools will be shared across $BRAIN Stakers.



It’s as simple as this: if you stake Brain, you get revenue. Governance and profit distribution can only come together.

Mobile and UI/UX Upgrades
We plan on continuing upgrades to improve our user experience on the Brainiac Finance dApp.
As part of the Brainiac community and by investing into the system, be completely assured that we will keep making consistent improvements to our dApp to increase ease of use for all users.

What Next?
Brainiac Finance has partnered with YokaiSwap for the Initial Dex Offering (IDO) of our native token $BRAIN.

$BRAIN will be the first IDO hosted on Godwoken since it’s upgrade to v1 and we hope the community will participate in it.

More details about the IDO and how you can participate in it will be released soon.

Follow us

🌐 Website: https://brainiac.fi

🐤 Twitter: https://twitter.com/BrainiacFinance

😻 Discord: https://discord.gg/FcUQnEyyYc

👋🏻 Telegram: https://t.me/brainiac_official

Docs: https://docs.brainiac.fi