With Basis Cash, a team of anonymous developers is making what might be called a fork of a project that never launched.
Copper miners and smelters are late agreeing charges for processing concentrate for next year, three sources with knowledge of the talks said, with smelters seeking a rollover while miners are pointing to a tight spot market. The first settlement between a major copper miner and a Chinese smelter in the annual mating season is usually during negotiations in November and serves as the benchmark for the year ahead. For 2020, it was set at $62 a tonne and 6.2 cents per lb by China's Jiangxi Copper and Freeport-McMoRan Inc, whose Indonesian unit operates Grasberg, the world's second largest copper mine.
The new tool, CopperConnect, covers the "DeFi lifecycle" as an asset moves from custody to smart contract and back.