Tokens Distributed through
BAC and BAS tokens are distributed fairly through yield farming. Providing liquidity to BAC-DAI and BAS-DAI pairs result in additional BAS tokens being distributed.
This not only allows us to maintain our censorship resistance, but also acts as an incentive mechanism against lack of liquidity and bond death spirals — as famously pointed out with the original Basis.
Fairly Launched and
Governed by Community
We have no venture capital funding, backers, or pre-mined tokens. We don't earn any fees from the transactions.
Instead, for the development of the ecosystem, the Basis Cash community transparently operates the Community Development Fund (CDF) through the votes.