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CAUSE OF DEATH

Basis Index: Born Yesterday, Dead Today

In the unforgiving savannah of decentralized finance, we observe a remarkable specimen—The Basis Index—which achieved the remarkable feat of dying before it could properly be born. With but fourteen holders clinging to their positions like remoras to a dying whale, and the top ten controlling every last token, this project exemplifies nature's most brutal law: concentrated ownership and zero liquidity are not, in fact, a sustainable business model.

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