what's BaseDollar?

BaseDollar is a decentralized stablecoin protocol deployed on the Base network. It functions as a friendly fork of Liquity V2 and Nerite, allowing users to borrow BaseDollar stablecoins against collateral including ETH, liquid staked ETH, cbBTC, AERO, and Aerodrome LP tokens. Borrowing occurs with optimized loan-to-value ratios and minimal interest rates, while collateral remains yield-bearing. Users deposit BaseDollar into stability pools to participate in fees from borrowers and liquidations. The protocol maximizes synergy with Aerodrome by earning AERO rewards through a self-reinforcing flywheel, autonomously reinvesting them to bootstrap liquidity and enhance yields. This creates efficient leverage opportunities for Aerodrome LP positions and other assets on Base, promoting sustainable growth and capital efficiency in the stablecoin ecosystem.

BaseDollar is a next-gen stablecoin protocol on Base, synergizing with AERO for low-slippage swaps & DeFi.