Base Dollar (BD) stablecoin analytics
Answer First
What is Base Dollar (BD)?
BD is Base Dollar's live Liquity V2 fork on Base, minted against ETH, LSTs, cbETH, and cbBTC, with Stability Pool fee yield. The static profile records its US Dollar peg mechanism as: Overcollateralized CDPs with user-set interest rates, direct on-chain redemption for system collateral, and branch-specific Stability Pools that absorb liquidations and receive borrower and liquidation fees
Is BD safe?
Pharos does not assess BD as safe: it holds a D Safety Score grade (44/100) in the latest published rating, which flags significant structural risk. Static metadata says Base Dollar uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Base Dollar (BD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
BD is now live as Base's licensed Liquity V2 fork, with overcollateralized borrowing against ETH, wstETH, rETH, cbETH, and cbBTC rather than the Aero LP collateral its pre-launch pitch emphasized. Stability Pool depositors collect borrower and liquidation fees, while AERO and Aerodrome LP branches remain the promised second act, a sensible sequence after the audit work found and fixed a high-severity LP-price manipulation flaw.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Base Dollar launch post, BD/USDC Aerodrome pool, and Base Dollar protocol source
- Collateral
- ETH, wstETH, rETH, cbETH, and cbBTC in separate overcollateralized Liquity V2-style borrowing branches on Base; AERO and Aerodrome LP collateral are planned but were not live at launch
- Peg Mechanism
- Overcollateralized CDPs with user-set interest rates, direct on-chain redemption for system collateral, and branch-specific Stability Pools that absorb liquidations and receive borrower and liquidation fees
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Base.
Next Actions
Exact bot target: /subscribe dews,depeg,safety bd-basedollar
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
BD quick answers
What is Base Dollar (BD)?
BD is Base Dollar's live Liquity V2 fork on Base, minted against ETH, LSTs, cbETH, and cbBTC, with Stability Pool fee yield. The static profile records its US Dollar peg mechanism as: Overcollateralized CDPs with user-set interest rates, direct on-chain redemption for system collateral, and branch-specific Stability Pools that absorb liquidations and receive borrower and liquidation fees
Is BD safe?
Pharos does not assess BD as safe: it holds a D Safety Score grade (44/100) in the latest published rating, which flags significant structural risk. Static metadata says Base Dollar uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs BD?
Pharos classifies BD backing as Crypto-Collateralized. Collateral, per the static profile: ETH, wstETH, rETH, cbETH, and cbBTC in separate overcollateralized Liquity V2-style borrowing branches on Base; AERO and Aerodrome LP collateral are planned but were not live at launch Reserve evidence: live reserve feed configured.
Can BD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for BD, when applicable, appear in the dossier below.
