Basis Cash Explained

Basis Cash Governance

Get involved, and help shape the future of Basis Cash!

The Basis Cash project intends to operate as a “DAO”, or decentralized autonomous organization, allowing those who have staked BAS to vote on proposals that shape the evolution of the protocol.

Here’s how it works:

  1. Proposals—called Basis Cash Improvement Proposals, or “BIPs”—are created and discussed in dedicated channels in the Governance section of the Basis Cash project Discord.
  2. Those proposals deemed worthy to proceed to implementation are put to vote at the Basis Cash Governance Platform. Only people with Basis Shares staked in the Boardroom are allowed to vote, and votes are weighted by the amount of shares held.

Important to know:

  • Separate from the Treasury, used to fund Bond redemption, the Basis Cash protocol also funds the Community Development Fund, with 2% of each BAC supply expansion, which is used to pay for project operations and expenses. Proposals for the use of these funds are called Community DAO Improvement Proposals, or “CDIPs”. CDIPs can be proposed by any community member. After discussion a “Discord Vote” is taken, and if passed, the CDIP moves to formal voting (like BIPs).

At this point, you know all the basics of Basis Cash!

The last step of your introduction is a peek at some helpful resources to get you started!

  1. 1
    What is Basis Cash?
    An open-source, permissionless algorithmic stablecoin.
  2. 2
    Earn BAC in the Boardroom
    Stake your Basis Shares in the Boardroom to earn BAC during expansion.
  3. 3
    Earn BAS in the Bank
    Provide liquidity on Uniswap to earn BAS.
  4. 4
    Earn BAC by buying Bonds
    Purchase bonds at a discount when BAC is in contraction.
  5. 5
    Basis Cash Governance
    Get involved, and help shape the future of Basis Cash!
  6. 6
    Basis Cash Resources
    Essential resources of the Basis Cash ecosystem.