Description
Basis Coin Finance is an innovative project within the decentralized finance (DeFi) sector, presenting a suite of algorithmic stablecoins encompassing Basis Cash (BAC), Basis Bonds (BAB), and Basis Shares (BAS) to offer a stable, decentralized digital currency system. BAC is pegged to the USD, aiming to maintain stability through an algorithmic model inspired by seigniorage, without relying on collateralized assets. BAB and BAS serve to stabilize BAC’s price, with BAB engaging in buyback during price drops, and BAS rewarding system surpluses. This project, building on improvements from the Basis.cash design, introduces features like liquidity mining and participatory governance through BAS, further securing its place in the web3 ecosystem. Basis Coin is an open-source, permissionless, Ethereum-based protocol characterized by its scalability and the adoption of a time and user-tested structure for enhanced stability and safety within the DeFi movement.
Basis Coin Finance is an innovative project within the decentralized finance (DeFi) sector, presenting a suite of algorithmic stablecoins encompassing Basis Cash (BAC), Basis Bonds (BAB), and Basis Shares (BAS) to offer a stable, decentralized digital currency system. BAC is pegged to the USD, aiming to maintain stability through an algorithmic model inspired by seigniorage, without relying on collateralized assets. BAB and BAS serve to stabilize BAC’s price, with BAB engaging in buyback during price drops, and BAS rewarding system surpluses. This project, building on improvements from the Basis.cash design, introduces features like liquidity mining and participatory governance through BAS, further securing its place in the web3 ecosystem. Basis Coin is an open-source, permissionless, Ethereum-based protocol characterized by its scalability and the adoption of a time and user-tested structure for enhanced stability and safety within the DeFi movement.
