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Basis Gold Share ($BAGS) is a vital component of a triad of tokens encompassed within the Basis Gold protocol. It works in conjunction with Basis Gold (BAG), a stable coin targeted at maintaining a valuation closely aligned with $1, and Basis Gold Bond (BAGB), designed to facilitate price stability for its stable counterpart.
The primary objective of the Basis Gold protocol is to create a balanced ecosystem where $BAGS holders can partake in the inflationary supply of Basis Gold. This unique governance structure enables holders to engage in liquidity farming by depositing assets, thereby yielding returns in the form of Basis Gold and Basis Gold Share. The structure promotes not just stability but also growth, creating an attractive investment opportunity in the digital currency realm.