BSD-Basis DollarDetailed Description

BSD-Basis Dollar Detailed Description

Basis uses economic principles adopted by central banks around the world to achieve price stability. A price feed oracle based on the average of 2 liquidity pool pairs (i.e. BSD/USDC and BSD/DAI), difficult to manipulate. The protocol uses TWAP instead of EMA to calculate prices, which is more time-weighted and less affected by attack vectors. Basis Dollars (BSD) are stable assets pegged to the price of the US dollar.