Basis Gold is a protocol based on the work of Basis Cash, created by the original Basis team. Basis Gold is an algorithmically synthesized gold asset whose supply is controlled and stabilized by the protocol. The protocol has 4 key tokens:
BSG: target gold price;
BSGS: Basis Gold Shares - receive BSG when supply expands when price is above target.
BSGB: Basis Gold Bonds——When the price is lower than the target, burn BSG to buy BSGB at a discount; when the price is higher than the target, redeem BSG.
BUILD: Governance token that controls protocol upgrades through voting.