Basis Gold (BAG) is a non-custodial algorithmic stablecoin backed by Huobi Eco Chain. It is an algorithmic stablecoin based on encryption native. Based on the experience of previous liquidity mining and elastic stablecoins, a new stablecoin mechanism is designed.
Unlike other DeFi projects, the Basis Gold protocol consists of 3 tokens Basis Gold (BAG), Basis Gold Share (BAGS) and Basis Gold Bond (BAGB). BAG and BAGS can be obtained through mining, where the value of BAG as a stable coin is anchored at $1, and BAGS holders participate in the pledge and repay the premium income generated by BAG after the income.