Top Tweets for #BasinDAO
๐ถ WHAT S @BasinOnBase
#BasinDao Protocol is the first EVM Native over-collaterised CPD stable coin protocol built on Base.
The aim of the Basin protocol is to build a sustainable and reliable stable coin throughout the base Ecosystem.
Have they achieved this Goal?
Find out
The advent of the Base Ecosystem triggered a new trend in the Defi Ecosystem.
This resulted to a massive inflow of money into the ecosystem.
I found an Incredible Protocol that will not only make you money but will help you secure your Funds
a ๐งต
#BasinDAO
@BasinOnBase
$BAI
In conclusion, Basin DAO is revolutionizing the crypto landscape by introducing stability and accessibility through the Basin mechanism and $Bai stablecoin. Its commitment to security, transparency, and innovation makes it a promising project to keep an eye on. #BasinDAO
@BasinOnBase 18/
๐ฅ $BASIN: The #BasinDAO's Governance Token
The core of #BasinDAO's government and innovation is the #BASIN token. With $BASIN,the community becomes a jury that influences partnerships, budgets, liquidity, and staking.
Explore $BASIN's tokenomics in the attached image.
17/
Verdict ๐ - Considering the $BAI and #BasinDAO pegging mechanisms, it is realistic to accept that $BAI will be positioned as the ultimate #stablecoin of the #BASE ecosystem.
Overall, $BAI has the potential to shape both #BASE and wider #DeFi.
@BasinOnBase
8/
1. Ballast Protocol Specific Module (PSM) โ To drive stability #BasinDAO allows a user to borrow $BAI with $DAI as collateral while paying only a 1% fee.
This clever strategy keeps $BAI dancing ๐๐บ within the $0.99 to $1.01 price range.
So, Let us ride the $BAI wave! ๐
I felt just like you, ๐ฅฒ unsure about crypto and stablecoins infact.
Those reliable #stablecoins lost their stability overtime.
Frustrated, I stumbled upon this guiding light @BasinOnBase Suddenly, market volatility is shoved away.
A Thread๐งต
๐น Features.
Inspired by BAO Finance and its devs.
#BasinDAO crafted $BAl using battle tested code from Inverse and Compound Finance, including Maker DAO mechanics. It came backed up by successful projects.
You snooze, you lose.
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