Description
Basis Gold is a DeFi project that presents a stable monetary system aligned with the blockchain ecosystem, specifically targeting the stability of its native token against the price of gold. It utilizes an algorithmic approach to automatically adjust the token supply based on demand, mirroring central bank strategies for currency stabilization. The project introduces a synthetic commodity-money pegged to gold value, designed to provide a non-volatile asset in the DeFi space through a unique token trifecta: Basis Gold (BSG) pegged to gold, Basis Shares (BSGS) for governance and dividends, and Basis Bonds (BSGB) employed for peg maintenance via supply adjustments. Additionally, it incorporates a governance token, BUILD, for protocol decisions. Basis Gold extends the foundational work of Basis Cash and the original Basis team, innovating with algorithmic synthetic gold assets managed by a protocol stabilizing supply for equilibrium with gold's market value.
Basis Gold is a DeFi project that presents a stable monetary system aligned with the blockchain ecosystem, specifically targeting the stability of its native token against the price of gold. It utilizes an algorithmic approach to automatically adjust the token supply based on demand, mirroring central bank strategies for currency stabilization. The project introduces a synthetic commodity-money pegged to gold value, designed to provide a non-volatile asset in the DeFi space through a unique token trifecta: Basis Gold (BSG) pegged to gold, Basis Shares (BSGS) for governance and dividends, and Basis Bonds (BSGB) employed for peg maintenance via supply adjustments. Additionally, it incorporates a governance token, BUILD, for protocol decisions. Basis Gold extends the foundational work of Basis Cash and the original Basis team, innovating with algorithmic synthetic gold assets managed by a protocol stabilizing supply for equilibrium with gold's market value.
