Accelerated 1:1 Swap Proposal

Thanks to our grants program a 1:1 swap contract to allow swapping Bao to Bao.cx has been created.

The contract can be found here: https://github.com/baofinance/contracts/blob/main/contracts/BaoSwap/BaoSwap.sol

While it has been tested the contract has not yet been audited and does not yet have a front-end.

This accelerated proposal is defined to:

• Deploy a version of this contract on xDAI.
• Provide the contract with a small amount of Bao and Bao.cx for testing.
• Authorize a small audit grant of up to $1000 for which ever party submits the most detailed audit of the contract within the first 30 days of its deployment.

To minimize the risk of this new contract we will start it with a small amount of assets. We will also not provide a front-end at first, requiring the users who use this contract to be more technical.

This contract and the Bao/Bao.cx pool should create enough arbitrage opportunities to keep the coupon asset well balanced.