Basin Finance
1. Summary
- Description
-
Basin Finance
Basin Finance
Basin DAO introduces BAI, a groundbreaking stablecoin deployed on Base Mainnet. BAI is the first overcollateralized Collateralized Debt Position (CDP) stablecoin on Base, designed to address key challenges in the existing stablecoin market by implementing a robust and secure framework. By leveraging overcollateralization, Basin DAO ensures enhanced stability and security for BAI, positioning it as a reliable asset in the rapidly evolving crypto landscape.
Features
BAI maintains its peg to the U.S. Dollar through a unique set of algorithms and governance protocols, providing users with a trustworthy and scalable medium of exchange. The governance structure of Basin DAO encourages community participation, allowing for continuous improvement and adaptation to market dynamics. Core features of the Basin Protocol include multicollateralization and the usage of IMF in BAI's CDPs, liquidity incentives, and BASIN governance.
Goals
The ultimate goal of Basin is to have BAI supported on multiple platforms and establish itself as a primary native stablecoin of the Base ecosystem.
| Price | |
| 52W High price | $2.53 |
| 52W High date | 16th Aug 2023 (1 year ago) |
| All Time High (ATH) Date | 5th Feb 2025 (2 weeks ago) |
| All Time Low (ATL) Date | 5th Feb 2025 (2 weeks ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $169.00 |
How does Basin Finance's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
51,626.9%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | |
| Twitter followers | 1,778 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.basinfinance.com/ |
|---|---|
| Explorer | https://basescan.org/token/0x4788de271F50EA6f5D5D2... |
| @BasinOnBase |
What is the correct contract address for Basin Finance?
| Base | 0x4788de271f50ea6f5d5d2a5072b8d3c61d650326 |
|---|
Has Basin Finance been audited for security?
No security audits found for this project.
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