Basis Cash
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BAC to USD converterBAC
USD0
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$0
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$0
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$0Volume(24h)
$0FDV
$0Circulating Supply
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$0Infinity Supply
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Stablecoin
About Basis CashBasis Cash (BAC) is an algorithmic stablecoin protocol that attempts to maintain a $1 peg to the US dollar through a three-token system combining BAC (the primary stablecoin), BAB (basis bonds for expansion incentives), and BAS (basis shares for governance), inspired by early algorithmic stablecoin models. The Basis Cash protocol uses expansion and contraction mechanisms where when BAC trades above $1, the protocol mints new BAC tokens to increase supply and restore peg, distributing new tokens to BAB bondholders; when BAC trades below $1, the system incentivizes BAB bonding where users can burn BAC at a discount to purchase bonds that redeem for BAC when the protocol expands. BAS serves as the governance token for protocol decisions and receives seigniorage revenue when the system expands, creating a three-token incentive structure designed to align stakeholder interests during both growth and contraction phases. Trading on cryptocurrency platforms with modest liquidity, BAC's market performance has historically been challenged by algorithmic peg maintenance difficulties and competition from collateralized stablecoins though the protocol remains an important experimental model in decentralized finance demonstrating game-theoretic approaches to stablecoin design.
Assets Details
Access Model
PermissionlessRedeemable
YesAttestations
NoCEX Listed
YesKYC to mint or redeem
YesTransferable
YesSelf Custody
Yes