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Record sog_st_bac
BAC/Basis Cash
Also recorded as BAC, Basis Cash
- Lifecycle
- Collapsed
- Issuance
- Terminated
- Reference target
- US dollar
- Primary organization
- Basis CashNo additional recorded relationship
- Launch
- 2020-11-30
- Redemption
- Terminated
- Backing
- Algorithmic or unbacked
- Stabilization
- Algorithmic supply
- Last review
- 2026-06-24
- Evidence
- 7 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.Unbacked algorithmic dollar asset using BAC, Basis Bonds, and Basis Shares in a three-token seigniorage design that failed to sustain its target peg.
| Name | Basis Cash |
|---|---|
| Symbol | BAC |
| Aliases | BAC, Basis Cash |
| Asset class | Stablecoin |
| Lifecycle status | Collapsed |
| Issuance status | Terminated |
| Canonical record ID | sog_st_bac |
| Route slug | basis-cash |
| Record confidence | Medium |
| Last reviewed | 2026-06-24 |
- Name
- Basis Cash
- Symbol
- BAC
- Aliases
- BAC, Basis Cash
- Asset class
- Stablecoin
- Lifecycle status
- Collapsed
- Issuance status
- Terminated
- Canonical record ID
sog_st_bac- Route slug
basis-cash- Record confidence
- Medium
- Last reviewed
- 2026-06-24
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 7 |
| Reserve reports | 1 |
| Reserve components | 1 |
| Model-history events | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 3 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- Protocol Governed
- Primary display organization
- Basis Cash
- Primary display role
- Protocol operator
- Display selection mode
- Deterministic Policy
- Current relationships
- 0
- Ended relationships
- 1
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Deployment control-event references
- 2
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| Basis Cash | Protocol or software system | Protocol or decentralized system | Decentralized | Protocol operator | Primary display | Not yet recorded | Not yet recorded | Ended relationship |
Protocol or software system
Primary displayBasis Cash
- Functional role
- Protocol operator
- Relationship status
- Ended relationship
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Decentralized
- From
- Not recorded
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- Not yet recorded
- Reference methodology
- BAC targeted one US dollar through the BAC/BAB/BAS seigniorage system.
- Public backing model
- Algorithmic or unbacked
- Canonical backing types
- Unbacked
- Reserve component categories
- Other
- Primary stabilization mechanism
- Algorithmic supply
- Recorded model description
- Unbacked Three Token Seigniorage System
- Redemption / exit model
- Terminated
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- BAB and BAS are related mechanism tokens rather than separate stable assets.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- No reserve backing; BAC/BAB/BAS seigniorage systemOther · BAB and BAS provided mechanism incentives, not reserve assets.
| Disclosure status | Not Applicable |
|---|---|
| Backing types | Unbacked |
| Summary | BAC used an unbacked three-token seigniorage mechanism rather than reserves. |
| As of | 2026-06-17 |
| Profile confidence | High |
- Disclosure status
- Not Applicable
- Backing types
- Unbacked
- Summary
- BAC used an unbacked three-token seigniorage mechanism rather than reserves.
- As of
- 2026-06-17
- Profile confidence
- High
| Current status | Terminated |
|---|---|
| Settlement asset | No recorded change |
| Eligible parties | None documented. |
| Retail access | Not Available |
| Institutional access | Not Available |
| Minimum amount | Not applicable. |
| Fee | Not applicable. |
| Settlement time | Not applicable. |
| Regional limits | Historical protocol asset. |
- Current status
- Terminated
- Settlement asset
- No recorded change
- Eligible parties
- None documented.
- Retail access
- Not Available
- Institutional access
- Not Available
- Minimum amount
- Not applicable.
- Fee
- Not applicable.
- Settlement time
- Not applicable.
- Regional limits
- Historical protocol asset.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| Not yet recorded | Basis Cash | Historical Protocol Model | Unbacked | High |
Basis Cash
Not yet recorded- Type
- Historical Protocol Model
- Assets covered
- Unbacked
- Record confidence
- High
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Specific network recorded | ERC-20 | Historical or legacy deployment | Historical Protocol Native Token | Inactive or historical | Inactive | No separate change state recorded | Legacy deployment | Canonicality recorded | Identifier recorded; verification not recorded | Identifier recorded | 0x3449fc1cd036255ba1eb19d65ff4ba2b8903a69a | Not yet recorded | Not yet recorded | 2 | Canonical historical BAC Ethereum token contract. The original public protocol launch is 2020-11-30 and the 2021-04-26 V2 activation is a separate protocol-version boundary. The deployment remains transferable, but the stablecoin system is classified failed and no exact contract termination is asserted. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Basis Cash protocol Published Not yet recorded | Basis Cash | Technical documentation or repository Canonical: Official Repository | Technical primary source | Primary source | Identity, BAC, BAB, BAS, Mechanism, Entity and Model | Archive index or wildcard | High |
| Basis Cash documentation archive Published Not yet recorded | Basis Cash | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Seigniorage Model, Bond and Share Tokens, Protocol Model | Archive index or wildcard | High |
| Basis Cash historical website archive Published Not yet recorded | Basis Cash | Archive or historical record Canonical: Archive Capture | Archive capture | Primary source | Historical Site, Terminal Uncertainty, Historical Entity | Archive index or wildcard | Medium |
| Overall guide for Basis Cash Published 2020-11-17 | Basis Cash | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Distribution Design, BAC, BAB, BAS, Application Flow, Prelaunch Boundary, Prelaunch Distribution Design | Archive index or wildcard | High |
| Basis Cash canonical BAC contract creation Published Not yet recorded | Etherscan | On-chain record or explorer Canonical: Onchain Explorer | Technical primary source | Primary source | Ethereum Deployment, Contract Address, Contract Creation Transaction, Contract Identity and Deployment | Archive index or wildcard | High |
| 'Basis Cash' Launch Brings Defunct Stablecoin Into the DeFi Era Published 2020-11-30 | CoinDesk | Independent news or analysis Canonical: News Article | Independent third-party source | Secondary source | Launch Date, Public Contract Opening, Initial Distribution, Public Launch and Contract Opening | Archive index or wildcard | High |
| Basis V2: Launch Day Is Here! Published 2021-04-25 | Basis Cash | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | V2, Activation Date, Liquidity Incentives, Vault, Bondroom, Protocol Version Activation | Archive index or wildcard | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Exact Terminal Date | The original BAC launch is fixed to 2020-11-30 and V2 activation to 2021-04-26, but no definitive shutdown, final mint stop, governance termination, or contract end date is established. | Unknown after review | High | 2026-06-24 |
| Bab Bas Terminal and Contract History | Complete contract and terminal histories for BAB and BAS are outside this canonical stablecoin record. | Unknown after review | Medium | 2026-06-24 |
Exact Terminal Date
The original BAC launch is fixed to 2020-11-30 and V2 activation to 2021-04-26, but no definitive shutdown, final mint stop, governance termination, or contract end date is established.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-24
Bab Bas Terminal and Contract History
Complete contract and terminal histories for BAB and BAS are outside this canonical stablecoin record.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-24
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| — | Basis Cash fails to sustain its target peg | Depeg and peg stress | Peg Failure | Collapsed or failed | Not applicable |
| 2020-11-30 | Basis Cash opens its public protocol and BAC distribution | Launch and introduction | Launch | Remained active | Not applicable |
| 2021-04-26 | Basis Cash V2 activates | Governance and protocol change | Protocol Upgrade | No lifecycle change | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- Basis CashDecentralized
- Event registry3 connected events recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.