Basis Gold

Joined January 2021
Jump to our Discord to discuss BIP-1: the introduction of the protocol-controlled autonomous $BSG stabilization fund. discord.gg/XfBwghzfTq
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$BSG price reporting issue has been fixed by adding $12k worth of treasury funds to the BSG-ETH pair. The price is now showing correctly on Etherscan, Coingecko, Zapper and Uniswap.info
Builder Update #4: Vol II medium.com/build-finance/bui…
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Do you know Solidity, ReactJS / RiotJS? Come work on @GoldBasis or @UpDownBuild There is no boss. We won't tell you what to do. Implement your own ideas or get ideas from the community to work on and get paid for it.
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The governance migration has now been completed. All BUILD DAO contracts (ing. Basis Gold) can now only be operated by the governance contract with on-chain voting proposals by the BUILD token holders. Read about how the voting works here: docs.build.finance/build-kno…
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1/3 Boardroom expansion will be postponed by 2 days. The new date is Jan 23, 2021 at 4 am UTC. The old Treasury contract was using a flipped oracle price (price0 instead of price1). This has been correct during testing.
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2/3 However, due to how Uniswap sorts the tokens in a token pair, this price is flipped on the mainnet. Effects 1) Expansions will be postponed by 2 days. 2) Bond contract will be reset. Do not any buy bonds before the fix is committed. All other balances will remain the same.
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3/3 A new Treasury contract has been deployed and it's currently going through a 2-day timelock. UI has been updated to reflect the new date.
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1/2 After the first successful expansion (> Jan 21 UTC), all protocol contracts will be transferred from the current 2-day timelock to a new on-chain governance contract controlled exclusively by $BUILD holders.
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2/2 This will give $BUILD holders direct control over protocol upgrades by on-chain voting.
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The bootstrapping period will run until Jan 21, 2021 at 4 am UTC. After that, BSGS (share) holders will be able to stake their BSGS tokens into the boardroom to receive the first expansion of $BSG tokens.
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🕐 Staking will start in less than 24 hours now. Jan 14, 2021 at 4 am UTC basis.gold/
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