| Founded | 2020 |
|---|---|
| Closed | 2021 |
| Country | USA |
| Sector | Web3 |
| Collapse type | Sudden Collapse |
| Founder | Rick Sanchez, Daiqing Guo |
Basis Cash
"The anonymous algorithmic stablecoin that crashed to $0.04 in 60 days."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Basis Cash, an algorithmic stablecoin protocol launched anonymously in November 2020 inspired by the defunct Basis project, attracted $100M+ TVL within weeks.
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