✅We have successfully claimed the ownership of “basis.bit” for having participated and fulfilled the verification requirements of the DAS @realDASystems Branding Reserved Program.

Have you heard of DAS (Decentralized Account Systems)? We are happy to claim the “basis.bit” domain to our address: 0x393457b2F4FEff433C06Db866C3884F20d037C14 from @realDASystems today🥳

📡📡📡 BIP-19 BAC Vault New Strategy Authors: Wayne, qa1q, and the DEV team BIP-18 BAB Redemption Pool is opened for the first time at UTC 00:00 5th Sep. 2021. We have redeemed 818,870 BAB with 150,449 BAC. For October, we will need to redeem more BAB to further mitigate the debt of the protocol. As preliminary mentioned by BIP-18 BAB Redemption Pool, change the BAC Vault strategy to allocate a portion of its profit into Redemption Pool for BAB redemption is essential. So our proposal for BAC Vault new strategy would be: - When BAC is below $1, a portion of the BAC Vault profit will be allocated to Redemption Pool. - The portion will be dynamic according to BACPrice, maximumly 30%. - PortionBACVaultToRedemptionPool = 30% * ( 1 - BACPrice ). - Auto harvest feature will be added to avoid the sandwich attack. We will pause the BAC Vault manual harvest until this BIP is implemented (less than 1 week) if the snapshot vote is passed. Snapshot vote is opened and will be closed by 00:00 UTC+8 17th Sep. https://snapshot.org/#/basiscash.eth/proposal/QmWgNEfPpMmxox8Sm3p3vFGrvg6j5DyjLH3a1cu3qzyaqe

​​📡📡📡 BAB Redemption Pool will be opened by 00:00 5th Sep

​​📡📡📡 Basis Lending and Lockers are live, and the next phase of development is underway Here's the proposed roadmap for the next few months #bip-18 for the creation of a BAB Redemption Pool has been posted and is open for discussion. #bip-19 to develop a new strategy for the BAC vault is the next priority.

​​📡📡📡 New collateral assets on Basis Lending MAI (miMATIC), USDT, USDC, and WBTC have been added as collateral assets to Basis Lending on Polygon.

💰 Earn up to 24% APR by supplying $DAI to #BasisLending on @0xPolygon ! More incentives for borrowers and lenders coming soon🚀 https://t.co/bXh3qCdAlq

AMA starts in 20 minutes! Join our Discord to participate:

📡📡📡 Dear Community, Now you can claim your unclaimed reward from Boardroom on https://app.basis.cash/

AMA in less than an hour with @QiDaoProtocol! https://t.co/zZB9SJSNyY 🗣️We're excited to host @0xLaoZi, founder of @QiDaoProtocol, for an AMA with our community🚀 📅When: 1400 UTC on Friday July 30 🗺️Where: @BasisCash Discord Join to participate! https://t.co/NfV7bYH8an Submit your questions below and the Top 3 will receive $qi prizes👇 https://t.co/kFOdfsg5ru

📡📡📡 Transition to New Domain Dear Community, We are on track with our roadmap with Basis Lending launched on Polygon and BAS/BAB Lockers deployed on mainnet. Our new DEV team has been working hard and delivering ahead of schedule. However, we have a pressing concern that needs to be addressed. Our current domain (http://basis.cash/) which is controlled by the previous team will expire on 15 August 2021. Despite repeated follow-ups, we have been unable to obtain control of the domain. Therefore, we propose to switch our domain to one of the following options: 1. basisindex.com 2. basisindex.bit 3. basis-cash.com 4. basiscash.world 5. basiscash.xyz 6. basiscash.net 7. basiscash.cc 8. basiscash.co Please vote here: https://snapshot.org/#/basiscash.eth/proposal/QmYFEGVcXNRRhRXBJhqFRzp9AcK5EYWGbYCsJcFBC3q6XN Voting will be open from 2300 UTC today until 2300 UTC on July 31.

🗣️We're excited to host @0xLaoZi , founder of @QiDaoProtocol , for an AMA with our community🚀 📅When: 1400 UTC on Friday July 30 🗺️Where: @BasisCash Discord Join to participate! https://t.co/NfV7bYH8an Submit your questions below and the Top 3 will receive $qi prizes👇

On Friday (7/30), we'll be joining the @BasisCash community for a live AMA! Drop your questions below in the comments. Top 3 questions with most likes will get $qi rewards! 1st: 50 QI 2nd: 30 QI 3rd: 20 QI Link: https://t.co/lYnEU4eTIo

RT @0xPolygonTech: 📣 @BasisCash is live on Polygon! With #Polygon integration, users get fast, easy and cheap technology thereby bringing…

📣 @BasisCash is live on Polygon! With #Polygon integration, users get fast, easy and cheap technology thereby bringing the world to Ethereum and Web3. 🌐 Learn more: https://t.co/IaDi9YSyj2

📯Calling all $BAB holders! 🔒17.5M Basis Bonds have been locked in just 72 hours That's 29% of all outstanding $BAB🔥 Locked bonds are essentially burned, reducing protocol debt📉 Lock your $BAB tokens and earn $BAS rewards👇 https://t.co/uvpETfBk3S https://t.co/CHNwNpMMha

📡📡📡 BAS and BAB Lockers are Live! You can now lock your BAS and BAB tokens in the Boardroom and Bondroom respectively to boost your BAS rewards and share of BAC seigniorage! Step-by-step instructions 👇 https://mrdaobasiscash.medium.com/basis-locking-testing-step-by-step-instructions-ccbb335aa2a2

📡📡📡 Lockers are Coming! The BAS and BAB Lockers will go live on Friday 7/23 at 1400 UTC. Please note that the Stake and Unstake functions for the current Boardroom and Bondroom will be unavailable from 7/22 1200 UTC to 7/23 1400 UTC in order to facilitate the deployment. Thanks to everyone who helped with testing!

💸 @BasisCash #BasisLending has launched on @0xPolygon . 💸 $BASv2, $BAC, $DAI and $MATIC are the tokens initially supported at launch. 💸#BasisCash is an open-source, permissionless algorithmic stablecoin 🔽INFO https://t.co/mExlPUndw8 #PolygonSpace

📡📡📡 Basis Lending is Live on Polygon! - Connect your wallet to the Matic/Polygon Network - Navigate to https://app.basis.cash/ Initial lending parameters can be seen here: https://docs.google.com/spreadsheets/d/1eEbIa7H4FzoyxFdshjo2KZQVYJHyRygBiSWUABOt5bo

We're happy to announce that Basis Lending will go live on @0xPolygon in 2 days! The launch is scheduled for 1100 UTC on July 18. A big thank you to everyone who participated in testing! https://t.co/jwoW3dYta0

📡📡📡 BAS/BAB Lockers Testnet The BAS and BAB Lockers are ready for testing by the community! https://basiscash-frontend-git-develop-basis-cash.vercel.app/boardroom -Connect Metamask to the Rinkeby test network -Get Rinkeby ETH at https://faucet.rinkeby.io/ -Buy the following tokens with test ETH at https://app.uniswap.org/ DAI: 0x5592EC0cfb4dbc12D3aB100b257153436a1f0FEa LINK: 0x01BE23585060835E02B77ef475b0Cc51aA1e0709 BAC: 0x2Aa7830B864B80d5698A2Bb44C841393452F3d4F BASv2: 0x41bD81527d7ff1f68c0fb118a2AbBdcfd55172FE BAB: 0xaa6D469a705b85E5314D8F28342E9C0C2459E33B Please leave your feedback in Locker-Testnet on Discord Server Details of the locking mechanisms and bonuses can be seen here 👇 https://mrdaobasiscash.medium.com/basis-locking-is-ready-to-launch-get-ready-to-maximize-your-reward-on-basis-cash-7b2578eca1be Step-by-step instructions will follow in another Medium post.

RT @IM_Communityitw: IM COMMUNITY will hold an AMA with https://t.co/K2QD0ebIlZ on 11 July 2021 02:00 PM UTC l 21:00 GMT+7 Prize: 100 U…

For any marketing proposal. DM admin, @mrdaocrypto please. Thank you very much.

📡📡📡bBasis Lending Testnet We are excited to announce that Basis Lending is ready for testing by the community! - Connect Metamask to the Rinkeby test network - Get Rinkeby ETH at https://faucet.rinkeby.io/ - Buy the following tokens with test ETH at https://app.uniswap.org/ DAI：0x5592EC0cfb4dbc12D3aB100b257153436a1f0FEa LINK：0x01BE23585060835E02B77ef475b0Cc51aA1e0709 BAC：0x2Aa7830B864B80d5698A2Bb44C841393452F3d4F BASv2：0x41bD81527d7ff1f68c0fb118a2AbBdcfd55172FE - Navigate to: https://basiscash-frontend-git-lending-sdk-basis-cash.vercel.app/lending and use the lending/borrowing functions Please leave your feedback in #🧪lending-testnet in our Discord Server https://discord.gg/qtB83nVYFX 20 testnet participants who provide improvement proposals will receive 5 BAS each. Once we are certain that all bugs have been ironed out, we will launch Basis Lending on Polygon Note: If you're unable to use the faucet, post your address in #🧪lending-testnet and the team will send you ETH for testing.

RT @Crypto_heroese: AMA Series with https://t.co/80OgJqPoIu 🎁Prize: 100$ USDT 📆Date: July 7 , 2021 14:00 PM 🏨 Venue: https://t.co/7qggcgkl…

RT @CryptoFamilyVN: 💥@CryptoFamilyVN is honored to host a new #AMA with @BasisCash 🚀 Guest: yyctrader & Mr Dao ⏰21:00 PM (UTC+7) | Thursd…

📡📡📡 Basis Cash Infographic Contest - Voting Hey Community! We've received 5 entries, please review them hể 👇 https://www.notion.so/Infographic-Contest-Entries-f587d13b90e6414db721d89cfbd1e196 🗳️ Please rank the submissions in your order of preference👇 https://snapshot.org/#/basiscash.eth/proposal/QmWNiKRSjszevY35XBZ797jkiRWGaZv5m6QPa67AV8y9kZ Voting will be open for 48 hours.

📡📡📡 Basis Cash Infographic Contest Basis Cash has undergone many changes over the last few months, and community members have pointed out that we need some explainers that make it easy for new users to understand Basis V2. Get your creative hats on, and submit your best video explainer/infographic/animation that showcases the changes in V2 including the upcoming BAS/BAB lockers, Basis Lending and Basis Swap. $1000 in prizes are up for grabs! 👉 1st place - $500 👉 2nd place - $300 👉 3rd place - $200 Rules: - One entry per participant - Top 5 will be chosen by the core team and put up for a Snapshot vote to decide the winners - English and Chinese submissions are acceptable - The contest will run for 1 week until 0000 UTC 6/25

🏆 Infographic Contest Hey Community! Get your creative hats on, and submit your best video explainer/infographic/animation that showcases the changes in #BasisV2 including the upcoming BAS/BAB lockers, Basis Lending and Basis Swap. 🔥$1000 in prizes are up for grabs!🔥 https://t.co/v5LpzvUGWf

📡📡📡 Basis Cash Infographic Contest Basis Cash has undergone many changes over the last few months, and community members have pointed out that we need some explainers that make it easy for new users to understand Basis V2. Get your creative hats on, and submit your best video explainer/infographic/animation that showcases the changes in V2 including the upcoming BAS/BAB lockers, Basis Lending and Basis Swap. $1000 in prizes are up for grabs! 👉 1st place - $500 👉 2nd place - $300 👉 3rd place - $200 Rules: - One entry per participant - Top 5 will be chosen by the core team and put up for a Snapshot vote to decide the winners - English and Chinese submissions are acceptable - The contest will run for 1 week until 0000 UTC 6/25

📡📡📡 Final Migration Window for BASv1 to BASv2 The migration contracts have been deployed and the window will be open from 0000 UTC on 6/14 until 0000 UTC on 6/21. The maximum amount of BASv1 that can be migrated is based on the snapshot taken at 0000 UTC on 2/24. You must have BASv1 in your wallet in order to claim BASv2. If you've already sold, you will need to repurchase BASv1. Please note that this will be the last opportunity to migrate BASv1.⚠️⚠️⚠️

📡📡📡 BIP-17 to implement locking mechanisms for the Boardroom and Bondroom is up for a Snapshot vote. Please vote here: https://snapshot.org/#/basiscash.eth/proposal/Qmaug18uu2d525KpFUgY3A7UgEPMcS2AsZxdZm5sGLtcrn Voting will be open for 24 hours.

📡📡📡 A BAB/BAC Uniswap V3 pool has been created, and the team has added initial liquidity of $10K. To add liquidity, please follow these steps: 1. Go to https://app.uniswap.org/#/add/0xC36824905dfF2eAAEE7EcC09fCC63abc0af5Abc5/0x3449FC1Cd036255BA1EB19d65fF4BA2b8903A69a/10000 2. Choose the 1% fee option. 3. Set the price range from 0.10027 to 1. As the price of BAB/BAC should ideally never exceed $1, this should allow for maximum utility of funds and fee income for LPs. 4. Fill in the amount, approve, then Add Liquidity.

[BIP-17] – BAB Redemption Pool + Boardroom/Bondroom Lockers has been posted for discussion in #BIP-17 (Discord Server) prior to moving to a Snapshot vote. Please review and share your feedback 🙏

Basis 网站已经支持中文版 🔥 https://t.co/88ANgWf4nx

📡📡📡 Funding, Dev Update and Roadmap We are pleased to announce that Basis Cash has successfully raised $500K from a private investor, that will ensure continued development and innovation. Credit to 韦恩-Wayne for closing the deal. Current development status and our roadmap for June/July. https://yyctrader.medium.com/roadmap-dev-update-fefda027496b Medium

📡📡📡 BIP-16 has been implemented as planned and BASv2 emissions have been reduced to 15,182 BASv2/week. The next scheduled weekly 11% reduction will take place on 6/6/2021.

📡📡📡 Please join us for a Community Call tomorrow (5/29) at 3pm UTC on Basis Cash Discord Server. https://discord.gg/UQN5nnqw We'll discuss current dev progress and our roadmap for June

📡📡📡 [BIP-16] - New BAS Emissions Schedule (Amendment and Implementation of BIP-13) Authors: qa1q, yyctrader As BIP-13 passed nearly 2 months ago, the proposed BAS emissions schedule has been updated and adjusted accordingly and is now ready to be implemented on 5/31. Currently, the protocol is emitting 18,643 BASv2/week The emissions schedule will be modified as below: Week 27 (5/31) – Reduction to 15,182 BASv2 (approx. 18%) Week 28 onwards – 11% reductions The previously proposed annual inflation will also be amended: Year 2 – 4% (previously 5%) Year 3 – 3.5% (previously 4%) Year 4 – 3% (no change) Year 5 and beyond – 2% (no change) We believe that the modified schedule will allow us to maintain the intent of BIP-13 despite the delayed implementation, as we will reach 1M BAS minted in Week 333 (7 years) and ensure that we have ongoing emissions to incentivize protocol growth while maintaining scarcity. The complete emissions schedule can be seen here: 👇 https://docs.google.com/spreadsheets/d/1yE_tPvadT_oLRvHUAqEks19bwLBq3yMeE4PacBC_BQM Please vote here 👇 https://snapshot.org/#/basiscash.eth/proposal/QmdgAH88QnayNB3QzdP8mEcupxN8Lpr3wHFzCCCz3LQt3o Voting will begin in 30 minutes and remain open for 24 hours.

​​📡📡📡 Pre-V2 LP Rewards are now claimable on the UI! 👉 Navigate to https://app.basis.cash/ 👉 Click on the 'Claim' button on the top-right next to your wallet address 👉 Click 'Claim Reward' on the pop-up window that appears and confirm the tx.

📡📡📡 Dev Update Excess BASv2 minted during the pool migration has been burned. https://etherscan.io/tx/0x3a9437e12b78d88d4b0c9ccbd4ebe6cffb33866765c780959ebf660441a458c2 Approximately 62K BAS remain in the multi-sig address for outstanding LP claims. https://etherscan.io/token/0x106538cc16f938776c7c180186975bca23875287?a=0xa1bd0bbacd5f952a119ed12a18c87985773add62 The Circulating Supply has been fixed on the UI. Next Steps - Pre-Migration LP Rewards Claim UI. LPs, please recheck your allocations and let the team know of any issues. - BIP-13 Implementation

📡📡📡 Pre-Migration LP Rewards and Team Comp Reduction In order to ensure the sustainability of Basis Cash given our dwindling CDF, team compensation will be reduced effective June 1. ✳️ Overall cost to the CDF will be reduced by 65% under the new compensation plan: Dev team - Morty 6K (previously 10K) - qa1q 4K - chliu 4K - Budget for an additional solidity dev 4K Operations - 韦恩-Wayne 0K (previously 3K) Marketing - yyctrader 3K (previously 8K) - Mr. Dao 2K (previously 3K) In addition, since the vested BAS buys for the core team were never carried out, those incentives have been forfeited. Pre-Migration LP Rewards The snapshot for distribution is ready. LPs, please review your allocations here: https://docs.google.com/spreadsheets/d/1WoV9SzFhmFAryCN0xG1see4txN3iCbEpleXS0W7372g The Claim UI will be ready before 5/25 as mentioned in the previous announcement.

​​📡📡📡 The Bondroom is Live! Stake your BAB at https://app.basis.cash/bondroom BAS rewards are flowing Kudos to our new dev qa1q for delivering ahead of schedule.

📡📡📡 Multisig, Team Reorganization and Roadmap We are pleased to report that the Basis Cash Protocol is now managed by a community-controlled multisig. Multisig members qa1q, Rocz were elected via BIP-15, joining Morty, yyctrader and 韦恩-Wayne. All transactions now require 3/5 signatures to be executed. ✳️ Team Reorganization 👉 韦恩-Wayne is nominated as our Operations Manager, responsible for project management, budget, and interface between DEV and marketing. He will continue to manage Asia-Pacific marketing and ecosystem collaborations. 👉 qa1q (solidity) and chliu (front end) have joined the dev team. ✳️ Core Protocol Roadmap After consultations with the new dev team, we expect the following timelines: 👉 Critical Issues - Bondroom - Will go live 5/18 - Unclaimed LP rewards list - 5/19 - Unclaimed LP rewards distribution - 5/25 👉 Phase 2: BIP-13 - Revised BAS Emissions Schedule -7% Weekly Reductions to begin on 5/31 👉 Phase 3 - BIP-8 (Bond Redemption Reverse Dutch Auction) may be revised to offer users the option to lock their bonds to get an even higher yield at redemption upon reaching peg. - Potentially introduce Boardroom locking using the Curve model with increased rewards based on lock period. - UI updates: Boardroom APY, Display Dynamic Emission Ratio between LP and Vault, Chinese version of the UI. - BAS V1 Second Migration Window Note: BIPs will be raised for Phase 3 modifications after Discord discussions.

RT @meeseeking: 2 "cheap" DeFi assets in 1 LP pair, the original vision for Basis launched without VCs in $BAS ($10M market cap) and the go…

📡📡📡 BIP-15 is now closed, and the final Basis Cash Multisig members will be: 👉 Morty 👉 yyctrader 👉 韦恩-Wayne 👉 Rocz 👉 qa1q With this reorganization and new dev resources coming online, we should see vastly quicker execution and improved communications.

🔥 470% APY for $BAS - $DODO LPs 🔥 @BasisCash X @BreederDodo https://t.co/xx3Tngq7rO

RT @News1Lead: 🏆 #NewsLead Daily Digest May 8: 🌟 @Gauntletnetwork x @SushiSwap 🌟 @MISTNFT x @Orion_Protocol Pool 🌟 @PolyNetwork2 NFT C…

📡📡📡 [BIP-15] – Multisig Implementation and Members Authors: @Morty Summary Following the launch of BasisV2 on 26/4 and the passage of BIP-14, I propose to implement a Gnosis multisig that will control all aspects of the Basis Cash Protocol and eliminate the need for a timelock. The goal is to improve security for our users and facilitate quick deployments/fixes as needed. I propose to have 5 members on the multisig, with 3 signatures being required to approve any transaction (3/5). 3 Core Team members will join the multisig: - Morty - yyctrader - Wayne The remaining 2 slots will be filled based on the results of this vote. Motivation Basis Cash was launched fairly, with 100% of Basis Shares being distributed to the community. It has always been the team’s intent to develop Basis Cash as a public good for the broader DeFi community, as a truly decentralized stablecoin with no single point of failure is sorely needed by the market. As we transition to a full DAO with the implementation of the multisig, I believe we must also ensure as a community that control of the Basis Cash protocol is also decentralized. As such, we have 11 worthy candidates that have volunteered to serve on our multisig. 1. DOODLE DIP : Active Community Member 2. Hugh : Active Community Member 3. Larry the Cucumber : Founder/CEO of Pickle Finance 4. Void : Active Community Member 5. ilehe : Active Community Member 6. qa1q : Active Community Member 7. hutian280 : Active Community Member 8. Taylor : Active Community Member 9. q123wea : Active Community Member 10. 种种 : Active Community Member 11. Rocz : Active Community Member Please vote on the following link, 0500 UTC 9th May - 0500 UTC 10th May. The multisig process will be done within 24 hours after the vote is finished. https://snapshot.org/#/basiscash.eth/proposal/QmQ9buT9XAcg5BcH5WMRhpoX8EN8MVjo1ooJHqK4BKqfRz