Basis

A stable cryptocurrency with an algorithmic central bank*

Backers
  • Bain Capital Ventures
  • GV
  • Lightspeed
  • Stanley Druckenmiller
  • Kevin Warsh
  • Andreessen Horowitz
  • Polychain Capital
  • Metastable
  • Digital Currency Group
  • Pantera Capital
  • Foundation Capital
  • Zhenfund
  • Valor Capital
  • Wing VC
  • NFX
  • Ceyuan Ventures
  • Sky9 Capital
  • INBlockchain
  • 1confirmation
  • Distributed Global
  • 1kx
  • Blockchange Ventures
  • AlphaCoin Fund
  • Slow Ventures
Why Basis

Cryptocurrencies have been too volatile for mainstream use. Loans, salaries and other basic financial contracts are poorly served by volatile currency.

Stable currency isn't available in much of the world. In many developing countries, the most stable currency available can devalue at a rate of 10% per year or more.

Basis is designed to maintain a stable value and serve as a medium of exchange accessible to anyone with an internet connection.

How Basis Works
Frequently Asked Questions
White Paper (Beta)

Basis is designed to keep prices stable by algorithmically adjusting supply

When demand is rising, the blockchain will create more Basis. The expanded supply is designed to bring the Basis price back down.

When demand is falling, the blockchain will buy back Basis. The contracted supply is designed to restore Basis price.

The Basis protocol is designed to expand and contract supply similarly to the way central banks buy and sell fiscal debt to stabilize purchasing power. For this reason, we refer to Basis as having an algorithmic central bank.

Meet the Basis Team
The team members’ backgrounds span Google Search, Google Ads, Google Research, D. E. Shaw & Co, Tower Research Capital, Hudson River Trading, Goldman Sachs, AngelList, and more. The founders attended Princeton together and all graduated with degrees in computer science summa cum laude. After college, two of the founders worked together at D. E. Shaw, then at Google before leaving to start Basis.
  • Nader Al-Naji
    Nader Al-Naji
    CEO + Co-founder
    Nader worked on Search and Ads at Google and in algorithmic trading at D. E. Shaw & Co. He became obsessed with Bitcoin in 2012, and set up a mining rig in his dorm. His obsession sparked a passion for monetary theory, culminating in the insights behind Basis. He graduated summa cum laude in Computer Science from Princeton.
  • Lawrence Diao
    Lawrence Diao
    Co-founder
    Lawrence worked in tech and quantitative finance at Google Search, Google Ads, and Radix Trading, and interned at D. E. Shaw & Co. in Institutional Asset Management and Google Research (where he co-invented 3 patents). He graduated summa cum laude in Computer Science from Princeton.
  • Josh Chen
    Josh Chen
    Co-founder
    Josh worked in Algorithmic Options Market-Making at D. E. Shaw & Co. and as a machine learning engineer and entrepreneur-in-residence at Merantix, a German deep learning incubator. Josh graduated summa cum laude in Computer Science from Princeton.
  • Susan Sidd
    Susan Sidd
    General Counsel
    Susan was Managing Director and Legal Director at Goldman Sachs, where she ran legal operations for equities trading in the Americas. In her 20+ years of financial services practice, she has also served as lead counsel at multiple quantitative trading and other investment firms. Susan received her BA from Harvard and JD from Harvard Law.
  • Brian Freyburger
    Brian Freyburger
    CTO
    Brian was CTO at Tower Research Capital and at Radix Trading. A co-inventor of Invisalign, he has 20+ years of industry experience in both quant finance and tech and is an inventor on 17 patents, including a C++ patent licensed by Microsoft. Brian holds an MBA from Wharton and was a PhD candidate at Stanford.
  • Dionne Gordon
    Dionne Gordon
    Chief of Staff
    Dionne was formerly Chief of Staff to CEO Daniel Coleman at the quantitative finance firms KCG and GETCO. She has close to a decade of experience acting as a strategic advisor and tactician, leading in her role through multiple high-profile mergers.
See More Team Members

Are you interested in working with us to build a new monetary system?

Backers
  • Andreessen Horowitz
  • Ausum Ventures
  • Bain Capital Ventures
  • Blockchange Ventures
  • Ceyuan Ventures
  • Digital Currency Group
  • Distributed Global
  • Fabric Ventures
  • Fresco VC
  • Foundation Capital
  • Gumi Cryptos
  • GV
  • Hex Capital
  • INBlockchain
  • June Fund
  • Kevin Warsh
  • Kindred Ventures
  • Lightspeed
  • Metastable
  • NFX
  • Pantera Capital
  • Polychain Capital
  • Protos
  • Sky9 Capital
  • Slow Ventures
  • Sora Ventures
  • Stanley Druckenmiller
  • Underscore VC
  • Valor Capital
  • Wing VC
  • Zhenfund
  • 1confirmation
  • 1kx
Backer Map