Welcome to the BasisX - an algorithmic stablecoin running on HECO.
BasisX is an algorithmic stablecoin running on HECO.
BasisX is designed by the BasisX team as the first algorithmic stablecoin on HECO. It involves an innovative solution that can adjust the stablecoin's supply deterministically to move the price of the stablecoin in the direction of a target price to bring programmability and interoperability to DeFi.
Inspired by Basis and its predecessors, BasisX is a multi-token protocol that consists of three tokens: BasisX Cash (BXC), BasisX Shares(BXS), and BasisX Bonds (BXB).