Base Dollar (BD) — Pre-Launch Stablecoin
Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Fork of Liquity V2 on Base; external security audit completed; high and medium severity fixes merged; not yet deployed to mainnet
Base Dollar
BD
At a Glance
- Backing
- Crypto-Collateralized
- Governance
- Decentralized (DeFi)
- Peg Currency
- US Dollar
- Yield-Bearing
- Yes
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/subscribe launch bd-basedollarActivity Timeline
Base Dollar announced as Liquity V2 fork on Base L2
LP-collateralized stablecoin with yield from AERO farming; revenue shared between users, POL treasury, and BD stakers.
SourceExternal security audit remediation: high and medium severity fixes merged
Merged fixes for LP token price manipulation vulnerability (H01) and timelock bypass bug (M02); fuzz tests added for Aero LP pricing.
SourceLiquity's Fork, Aerodrome's Yield
Base Dollar takes Liquity V2's battle-tested CDP architecture and replants it on Base with a twist: instead of ETH collateral, borrowers deposit LP tokens — routing the stablecoin's security model through Aerodrome's liquidity layer and harvesting AERO farming rewards as the yield engine. Revenue splits three ways between users, a protocol-owned liquidity treasury, and BD stakers, a design that ties the protocol's survival to the depth of Base's DEX ecosystem rather than ETH price alone. The project recently completed an external audit that surfaced a high-severity LP token price manipulation vulnerability and a medium-severity timelock bypass, both now remediated with fuzz testing added — the kind of findings that are routine for a Liquity fork adapting to exotic collateral types but worth watching post-launch. Still in the auditing phase with a Q2 2026 target, Base Dollar is betting that LP-collateralized debt positions can offer better capital efficiency than vanilla ETH CDPs, though the trade-off is inheriting every smart contract risk in the Aerodrome stack on top of its own.
Updated 2026-04-06
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