01 / 08 — THE CONCEPT
The Era of Private Money is Here
BSKUSD is one dollar backed by a basket of four stablecoins — USDC, USDT, DAI and PYUSD. No single issuer ever holds more than half of it.
Backed by4 stablecoins
Max share of one coin50%
Swap fee0.01%
Price oraclenone needed
Every stablecoin is a bet on one issuer
A dollar stablecoin is only as good as the company, the bank and the jurisdiction behind it. Hold one, and you carry all three risks at full weight.
$0.87
Bank risk
In March 2023 USDC fell to about 87 cents after part of its reserves got stuck in a failed bank.
Freeze
Issuer risk
Issuers can blacklist addresses and halt transfers of their own token at any moment.
1 rule
Regulatory risk
A single regulator's decision can stop minting or redemptions of a coin overnight.
Put in any stablecoin. Hold the whole basket.
Step 1 · Deposit
Bring any of the four coins, or all four at once in the pool's proportion.
Step 2 · Receive BSKUSD
1 BSKUSD ≈ $1
One token stands for a slice of every coin in the basket. Use it anywhere an ERC-20 dollar works.
1 BSKUSD ≈ $1
Step 3 · Withdraw
Take out one coin of your choice, or the whole basket with no slippage at all.
Under the hood is a StableSwap curve, the same family of math Curve pools use. When the basket drifts out of balance, the price of the scarce coin rises a little — and arbitrage bots earn a fee for putting it back.
Every BSKUSD stays fully backed
The pool has one job: for every BSKUSD in circulation there must be at least a dollar of stablecoins inside. Nobody has to promise this — the contract enforces it with mechanisms that work on their own, step by step as a problem grows.
Backing = stablecoins in the pool ÷ BSKUSD supply≥ 100%
BSKUSD is minted only against coins that actually arrive in the pool, and only for the value they add. Supply can never run ahead of the reserves.
EVERY DAY · BALANCE
The curve pulls the basket back to even
When one coin piles up, it gets slightly cheaper inside the pool and the scarce ones dearer. Arbitrage bots profit by swapping the difference away — the basket rebalances without anyone steering it.
UNDER STRESS · LIMIT
Share cap and slot floor
No coin can exceed half of the basket, so a falling coin cannot crowd out the healthy ones. No slot can be drained below its floor, so a run cannot empty one coin and leave the rest.
ON A DEPEG · ISOLATE
Pause the broken coin at once
Deposits and swaps into a failing coin can be stopped instantly, so nobody can dump it on the pool. Withdrawals keep working the whole time.
IF IT DOES NOT RECOVER · REPLACE
Rotate in a healthy coin
A paused coin can be swapped for a new one after a public notice. The replacement is paid in full up front, so the backing is restored, not diluted.
ALWAYS · EXIT
Your share is never lost
Withdrawing the whole basket always works. If one coin refuses to transfer, your part of it waits for you in a claim you can take later, to any address.
ALWAYS · GUARD
No change may lower the backing
Tuning the curve is refused if it would leave less than a dollar behind each BSKUSD, and it takes effect gradually over three days.
Rules written in code, not promises
Share capNo coin can grow past half of the basket. A failing coin cannot flood the pool.
Exit always openWithdrawing the whole basket works even when a coin is paused — your share of it is queued, never lost.
No oraclePrices come from the curve itself. There is no outside feed to manipulate.
7 days noticeFees, coins and the fee split change only after a public 7-day delay — time to leave if you disagree.
Smooth curve changesThe curve shape moves over three days, never in one jump, so nobody can trade around the switch.
Fixed System RevenueWhere fees go is set once at launch and cannot be redirected later.
A dollar you can park without picking a side
Aggregators and treasuriesHold idle dollars spread across four issuers in a single position instead of four.
Protocols and bridgesThe pool speaks the Curve interface, so existing routers and bots can quote and trade it.
Everyday holdersSwap between the four coins at 0.01%, or keep BSKUSD and stop worrying which one wobbles next.
One template, every currency
LAUNCH · [DATE]BSKUSD on EthereumThe basket of USDC, USDT, DAI and PYUSD goes live on mainnet.
NEXT · [DATE]StakingA vault that shares the pool's fee income with BSKUSD stakers.
LATERBSK for ₽, ¥, €, AEDThe same basket design for other currencies.
One dollar. Four backers.
Connect any wallet — a browser extension on desktop or your phone wallet through WalletConnect.
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