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BAS

Basis Share  

#BAS

BAS Price:
$0.34
Volume:
$20.4 K
All Time High:
$1,100
Market Cap:
$348.8 K


Circulating Supply:
1,034,940
Exchanges:
1
Total Supply:
1,034,940
Markets:
2
Max Supply:
1,000,001
Pairs:
2



  BAS PRICE


The price of #BAS today is $0.34 USD.

The lowest BAS price for this period was $0, the highest was $0.337, and the exact current price of one BAS crypto coin is $0.33704.

The all-time high BAS coin price was $1,100.

Use our custom price calculator to see the hypothetical price of BAS with market cap of BTC or other crypto coins.


  BAS OVERVIEW


The code for Basis Share crypto currency is #BAS.

Basis Share is 5.2 years old.


  BAS MARKET CAP


The current market capitalization for Basis Share is $348,813.

Basis Share is ranking upwards to #1534, by market cap (and other factors).


  BAS VOLUME


There is a modest volume of trading today on #BAS.

Today's 24-hour trading volume across all exchanges for Basis Share is $20,403.


  BAS SUPPLY


The circulating supply of BAS is 1,034,940 coins, which is 103% of the maximum coin supply.

Note the limited supply of Basis Share coins which adds to rarity of this cryptocurrency and increases perceived market value.


  BAS BLOCKCHAIN


BAS is a token on the Ethereum blockchain, and has digital contracts with 1 other blockchain.

See list of the BAS Blockchain contracts with 2 different blockchains.


  BAS EXCHANGES


BAS has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 1 crypto exchange.


  BAS RELATED


Note that there are multiple coins that share the code #BAS, and you can view them on our BAS disambiguation page.


  BAS RESOURCES


Websitebasis.cash
TwitterBasisCash
Telegrambasiscash


  BAS DEVELOPER NEWS



Roadmap + Dev Update

After a successful reorganization of our development team, we are pleased to report that BIP-11 and BIP-16 have been implemented on schedule. — Current Status - Basis V2 went live on 4/26. With BAC trading far below the peg, we were able to observe positive results with the buybacks conducted by the BAC Vault. Unfortunately, that momentum was lost when we faced unforeseen hurdles in the form of the Value DeFi hack, in which over 1M BAC was market sold by the hacker, and the recent market selloff that saw nearly all DeFi tokens slashed by 50% or more. — As of 5/21:. — • 35.63M BAC staked in the BAC Vault - 63.90% of circulating supply (CS). • 30.12M BAB staked in the Bondroom - 56.39% of CS. • 407K BAS staked in the Boardroom — 58.14% of CS. • Liquidity in the BAC and BAS pools reduced to $3.55M and $2.04M respectively While BasisV2 is an improvement on the original design, we believe that further enhancements are necessary to address the following issues: • BAB redemption is still complicated and inflexible. • Long-term Basis supporters of Basis do not have an option to show this support by locking their tokens for bonus rewards. • Profitability of the Basis ecosystem needs to be improved in order to draw in fresh capital and accrue value to token holders. — Tokenomics - BIP-16 was implemented yesterday, and weekly BASv2 emissions have been reduced by approximately 18%. Th...




Basis Cash X DODO

BASv2-DODO Pool Is Live! Rewards Start at 0200 UTC 5/8. — We are excited to announce a collaboration with DODO to grow the reach of Basis Cash and promote future joint initiatives! DODO is a liquidity protocol powered by the Proactive Market Maker (PMM) algorithm and built for capital efficiency. Their contract-fillable liquidity is comparable to centralized exchanges (CEXs). Basis Cash is joining the DODO Booster Program with a BASv2-DODO pool!LPs will earn generous rewards starting at 0200 UTC on 5/8. — The first rewards program will last for 4 weeks:. — — Week 1. — $22500 of DODO + $7500 of BASv2 — Weeks 2–4. — Weekly Rewards will be determined based on the trading volume in the prior week: Less than $5M: $7,500 DODO + $7,500 BASv2, $5M-$10M: $15,000 DODO + $7,500 BASv2, $10M-$15M: $30,000 DODO + $7,500 BASv2, Above $15M: $45,000 DODO + $7,500 BASv2, — Adding Liquidity on DODO - You will need BASv2 and DODO tokens in equal proportions (50–50)., Buy BASv2: app.uniswap.org Buy DODO: app.dodoex.io Navigate to the BASv2-DODO pool and connect your wallet., app.dodoex.io Click on ‘Edit Liquidity’ to be taken to the LP inteface, Select DODO and BASv2 as in the Input Tokens and Add Liquidity, Rewards will start at block 12390827. You will then be able to stake your LP tokens at v2beta.dodoex.io, Guide here: How to participate in liquidity mining on DODO? ...




Claim Guide For Pre-V2 LP BAS Rewards

Some users have reported issues claiming from the contract with an incorrect amount of BAS received. The team is looking into it and we’ll put up another update when the issue is resolved. For now, please refrain from trying to claim! Thanks for your patience! - If you are an LP in BAC-DAI or BAS-DAI and wish to claim your BASv2 rewards that remained unclaimed when BasisV2 was launched, you may do so by interacting with the smart contracts directly. A Claim UI is being worked on and will be made available soon. — BAC-DAI LPs - Navigate to:, etherscan.io Click on Connect to Web3 and connect your Metamask wallet, Click on claimReward, enter 0 in the pid field, and click WRITE, Confirm the transaction to receive your BASv2 rewards, — BASv2-DAI LPs - Navigate to:, etherscan.io Click on Connect to Web3 and connect your Metamask wallet, Click on claimReward, enter 1 in the pid field, and click WRITE, Confirm the transaction to receive your BASv2 rewards, Claim Guide For Pre-V2 LP BAS Rewards was originally published in Basis Cash on Medium, where people are continuing the conversation by highlighting and responding to this story.




Basis Cash X Value DeFi

Basis Cash is expanding to Binance Smart Chain. — — vFARM Pools Launch at 2pm UTC 4/29. — BAC-BUSD 80/20 pool will earn 0.3x vBSWAP, BASv2-BNB 60/40 pool will earn 0.1x vBSWAP, vBSWAP can be staked to earn 400 BASv2/week, As part of our ongoing mission to expand the Basis Cash Ecosystem, we are excited to announce a partnership with Value DeFi on Binance Smart Chain! Value DeFi offers a wide array of DeFi legos: yield aggregator with multi-strategy yield-optimizers for maximum returns; low slippage stablecoin and pegged assets swap; an AMM built on Ethereum and Binance Smart Chain with integrated DEX aggregator for advanced trade routing with minimal slippage; a liquidity farming platform that can create pools with flexible ratio pairs. They currently have over $850M in TVL on BSC. As the first stage of our BSC rollout, we will launch 2 vFARM pools in order to bring BAC and BAS liquidity to BSC and facilitate trading.LPs will be able to earn BAS + vBSWAP! BAC-BUSD 80/20 pool will earn 0.3x vBSWAP, BASv2-BNB 60/40 pool will earn 0.1x vBSWAP, vBSWAP can be staked to earn 400 BASv2/week, High gas fees on Ethereum have made DeFi unaffordable for small investors, and for Basis Cash to ultimately thrive as a stablecoin, we must foster adoption across the broadest possible user base. BSC offers fast, cheap transactions and the market response has been astonishing, with TVL rising over 30x in the last 3 ...




Basis V2 : Launch Day Is Here!

Basis V2 : Launch Day Is Here! - — V2 Will Go Live at 0000 UTC on 4/26. — We are excited to launch Basis Cash V2 in less than 24 hours! V2 has been redesigned from the ground up after a deep analysis of the shortcomings of V1, and contains the following key upgrades: V2 Dynamic Liquidity Incentives address the indifference of BAC-DAI LPs to BAC maintaining peg, as V1 rewards are static regardless of the BAC price and realized APY remains high., Consistent Staking Rewards will now provide an incentive to hold BAS during contraction phases., The Bondroom introduces utility for Bonds beyond speculating that BAC will return to peg, as a first step towards a liquid and active secondary market for BAB., Basis V2 introduces Dynamic Incentives for BAC liquidity, aligning incentives in a manner that results in maximum profit for market participants when BAC remains close to its peg. More details of BIP-11 can be found here.Dynamic Incentives in Basis V2 — How does V2 envision BAC returning to peg? - Starting at 0000 UTC 4/26, BAC holders will have a shiny new vault available, where users can deposit their BAC tokens to earn auto-compounded BAC rewards! Developed in collaboration with our friends at Pickle Finance, the first iteration of our BAC Vault will support a return to peg by buying BAC using its allocated BAS rewards. Once Basis Lending comes online, the vault strategy will be upgraded to utilize lev...




Introducing Basis Lending

A Decentralized Lending Protocol for the Basis Cash Ecosystem. — With less than 2 weeks to go until the launch of Basis V2, the team is excited to announce that Basis Lending is ready to go live, resulting in improved capital efficiency and enabling additional use-cases and yield farming strategies within the Basis Cash Ecosystem. Inspired by Compound, Basis Lending has been audited by Haechi Labs. Basis Lending will go live in April 2021. — How It Works - The following initial set of assets will be enabled at launch: Basis Cash (BAC), Basis Share (BASv2), Basis Bond (BAB), BAC/DAI UNI LP tokens, BASv2/DAI UNI LP tokens, DAI, Collateral Factors for Initial Assets Detailed documentation regarding the exact mechanisms will be released in the coming days. — Leveraged Yield Farming - Basis Lending will enable users to maximise their rewards by leveraging their LP tokens. — Leveraged Farming Strategy. — Alice adds liquidity to the BAC-DAI UniswapV2 pair, and farms BASv2. She also gets Uniswap fees, and wants to maximise her yield. Alice leverages by staking her BAC-DAI UniswapV2 LP tokens as collateral, borrowing BAC, and adding more liquidity to BAC-DAI UniswapV2 pair., — Seigniorage Strategy. — Bob wants to get both BASv2 yield farming rewards and Basis Boardroom seigniorage when BAC is trading above $1. Bob adds liquidity to BAC-DAI UniswapV2 pair, stakes his LP tokens a...




Basis Cash Ecosystem Roadmap

The Basis Cash ecosystem is gaining momentum as new apps and services within the DeFi ecosystem are integrating their DeFi applications with Basis Cash.. — Below we will discuss the Basis ecosystem partners and integrations, stablecoin market growth, and opportunities for new apps and services integrating DeFi apps with Basis Cash. — Stablecoin Market Share Growth. — As of February 2021, the total stablecoin market is nearing $60 billion, with the majority of value being composed of Centralized IOU stablecoins such as USDT, USDC, and GUSD which are backed with fiat money or precious metals, such as the U.S. Dollar or other sovereign currencies. Centralized IOU stablecoins are a representation of another asset and can be redeemed 1:1 for the underlying asset. These types of stablecoins require trusting a third party to take custody of the underlying asset and thus are not fully decentralized. A second category of stablecoins called collateral backed on-chain stablecoins, such as Maker DAI, consist of overcollateralized on chain assets which back the stablecoin and maintain the price peg. While these types of stablecoins are more decentralized compared to Centralized IOU stablecoins, they require collateral lockup to cover margin calls, and as a result there is a liquidation risk if the collateral asset declines in value. Basis Cash utilizes an “algorithmic central bank” approach to manage the supply of...




Realignment of Inflation Incentives

The ongoing migration to BASv2 has given us an opportunity to overhaul the Basis Cash monetary policy. By dynamically targeting emissions to quickly respond to changes in market conditions we hope to steer the protocol to maintaining the peg. The current emissions schedule is too simplistic, and while it has resulted in a fair launch and decentralized ownership of the protocol, a more nuanced approach is required for V2. The current 75/25 split of BAS emissions is proposed to be reallocated as below: When BAC is below peg: 60% dynamically allocated between BAC/DAI and the BAC Vault, 15% to BAS Boardroom stakers, 10% to BAS/DAI, 5% to a BAB staking pool, 5% to Strategic Pairs, 5% to the CDF/Vision Fund to build a strategic BAS reserve that may be used for various future purposes (buyback and burn/incentives for new partnerships etc), When BAC is above peg: 60% dynamically allocated between BAC/DAI and the BAC Vault, 15% to the CDF/Vision Fund to build a strategic BAS reserve that may be used for various future purposes (buyback and burn/incentives for new partnerships etc), 10% to BAS/DAI, 10% to Strategic Pairs, 5% to BAS Boardroom stakers, A revised BASv2 emission schedule that includes inflation is also proposed to optimize the protocol for long-term growth. — Takeaways from the last 11 weeks: - 1. BAC supply expanded too quickly before organic demand emerged 2. There is currently no incentive to hold BAS ...




Basis V2 Migration Plan Update

BAS token migration to BAS V2 will commence at 0000 UTC on February 7 as planned, BAC Liquidity Migration to Stableswap will be delayed while we assess recent events involving Curve pools, BAC/DAI and BAS/DAI Uniswap pool LPs will continue to earn BAS V1 during the migration window, BAS V2 can be staked in the V2 Boardroom to earn BAS V2 rewards., BAS V2/DAI Uniswap pool will open at 0000 UTC on February 7. LPs will receive BAS V2 rewards based on the progress of the migration., In light of yesterday’s flashloan exploit involving Yearn and 3crv, the team feels that it would be prudent to delay the migration of BAC liquidity to crv.finance until we are able to thoroughly analyze the situation and ensure that we have a robust system in place. We currently rely on the TWAP generated by Uniswap to determine various actions taken by the Basis Cash protocol — expansion, bond issuance and redemptions. Curve.fi pools like the StableSwap pools on crv.finance do not natively generate a TWAP. Consequently, we require an external oracle such as Chainlink to generate a price feed that we can adapt for our use. We are in active discussions with the Chainlink team and other DeFi partners to implement a solution as soon as possible. We intend to temporarily delay the migration to StableSwap as the safety of users’ funds is our top priority. We fully expect the liquidity migration to take place inside the original window (befor...




Basis Cash V2 Migration Plan

BASv2 Token Address : 0x106538CC16F938776c7c180186975BCA23875287 Basis V2 Migration Plan Update Users will need to exchange their BAS tokens for BAS V2 at migrate.basis.cash, Migration will commence at 0000 UTC on 7 February 2021, The Migration Window will be open for 15 days until 0000 UTC 2/22, It’s been two months since the launch of Basis Cash. From the outset, the team has followed one mantra : develop, observe, analyze and iterate. Basis Cash was started as a simplified implementation of the Basis Protocol. Observing the behaviour of market participants and incorporating feedback from the community has allowed us to develop what we believe to be an optimal design for Basis V2 that should enable BAC to return to peg. Coupled with new upcoming use-cases that will stimulate BAC demand, we are confident that Basis V2 will be a giant step forward on our journey to become the premier algorithmic stablecoin. Without further ado, on to V2! — Stage 1: Preparation (2/1–2/6) - The Basis Cash V2 Migration Plan will be posted soon at migrate-wiki.basis.cash, #v2-faq channel has been created on Discord for further queries., Users who have faced issues with past token migrations with other projects are requested to share their experiences in the above channel so that we can attempt to avoid similar mistakes and make the migration process as smooth as possible for all BAS holders., — Stage 2: Token / Liquidity...




  BAS NEWS


BNY Mellon Enters Singapore's Digital Assets Market With BAS Tie-U...

    Blockchain Association of Singapore (BAS) on Wednesday announced a partnership with American banking major BNY Mellon. As per the MoU, the latter comes on board BAS as a strategic collaborator. BAS’ tie-up with BNY comes in the wake of a generally strict regulatory environment both in Singapore and globally, coupled with an increasing interest of institutional investors in digital assets. The advocacy organization for the blockchain industry appointed Richard Teng, a former regulator at Abu Dhabi Global Market as a member of its board in August last year. Cooperation for Greater Crypto, DeFi Adoption The two organizations will cooperate for greater adoption of blockchain, digital assets, and decentralized finance (DeFi), BAS said in a blog on its site. “Blockchain still is a relatively nascent technology within this region, and we are confident that with this collaboration we will be able to drive acceptance and adoption of blockchain technology and DeFi across the region,' Chia Hock Lai, Co-Chairman of BAS, said. According to the PR, BAS and BNY will collaborate in exploring new opportunities in rapidly growing digital assets and DeFi landscapes. They will share expertise and interact with the broader ecosystem to create a mutual understanding of the emerging scenario. BAS Co-Chairman Chia Hock Lai believes the blockchain market size will grow from the current $4.9 billion to $67.4 billion by 2026 at a CAGR of 68.4%, the PR said. Commenting on the development, Jo... read More



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