Basis Share
Crypto Overview
Overview
Basis Share (BAS) is a DeFi protocol token primarily involved in lending and borrowing operations on the blockchain. The project appears to be part of a lending and algorithmic stablecoin mechanism.
Purpose and Utility
The primary stated purpose of BAS is to serve as a governance and utility token within a DeFi lending protocol. The token is used for voting on protocol decisions and earning rewards from lending activities.
Business Model
The core business model revolves around decentralized lending and borrowing operations, where users can lend their crypto assets to earn yields and borrow against collateral. The protocol generates revenue through lending fees and interest payments.
Real-World Adoption
Current on-chain data shows limited adoption, with most activity centered around lending and yield farming operations. The token primarily trades on decentralized exchanges.
Platform Development
Development activity appears minimal based on public GitHub repositories. The project's documentation and technical specifications are sparse.
Crypto Impact
To assign a comfort level investing in Basis Share from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Basis Share.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.