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I believe backing of Bake must be higher than the

one in DFI in order to be considered as backed. is it that in this case Bake provide more backing than the actual backing required by DFI? 12830 vs 7566 means have like 5000 more extra backing right?

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Look at their 'snapshot date' it was on June 11th, 2 months ago the eth balance has gone down since - https://etherscan.io/address/0x94fa70d079d76279e1815ce403e9b985bccc82ac#analytics

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