Hans

if i check https://bake.io/transparency, their ETH backing is 12830 ETH, considering 5% APY net on ETH staking, it will generate 641 ETH give or take, that's where the 1m usd ...

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 req...

Or is it because the sudden 10% dip in yesterday that havent yet reflected in the dex?