Read on Twitter
1/ $BASE vs $AMPL deep dive. Big shoutout to my gem Jedis for this research @PeLpA87 and @MasterFrogda !! Also big shoutout to my og linkster fren @DegenAgent for redpilling me on $BASE @BaseProtocol
So ladies and gents meet $BASE protocol. Read the thread (8/8)
So ladies and gents meet $BASE protocol. Read the thread (8/8)
2/ @BaseProtocol is the S&P 500 of crypto. Pegged to the total crypto market cap, $BASE gives holders exposure to the performance of the entire crypto industry.
$BASE uses an elastic supply and rebasing protocol similar to $AMPL from a tech standpoint however...
$BASE uses an elastic supply and rebasing protocol similar to $AMPL from a tech standpoint however...
3/ ...functionally, $BASE is completely different because of its peg to market cap. While $BASE respects $AMPL as a pioneer in the elastic supply model, $BASE believes the use case of total crypto industry tracker will be far more interesting for the cryptocurrency community...
4/ ...than a stable $1 peg.
What are the advantages over AMPL?
It is more transparent in terms of arbitrage opportunities and the possibility of setting up derivatives based on $BASE Also it’s a great opportunity to get in earlier since the market cap is still around $2M
What are the advantages over AMPL?
It is more transparent in terms of arbitrage opportunities and the possibility of setting up derivatives based on $BASE Also it’s a great opportunity to get in earlier since the market cap is still around $2M
5/ The Base Cascade rewards users who stake their BASE in the liquidity pool. The Cascade issues rewards based on how long users stake their tokens in the pool – more and longer you provide liquidity the greater share of the pool you receive. Pretty straight forward.
6/ The team is visible and very experienced
● Chris Peña. Head of Development — Full Stack.
â—Ź Nick Ravanbakhsh. Outreach & Content Development
â—Ź Dylan Senter. Marketing & Business Development
● Based McGee. Head of Development — Solidity
● Chris Peña. Head of Development — Full Stack.
â—Ź Nick Ravanbakhsh. Outreach & Content Development
â—Ź Dylan Senter. Marketing & Business Development
● Based McGee. Head of Development — Solidity
7/ Market cap:Â 2.904.727
Contract address : 0x07150e919b4de5fd6a63de1f9384828396f25fdc
You can track the timer and all the rebase info here :
https://dashboard.baseprotocol.org/
Contract address : 0x07150e919b4de5fd6a63de1f9384828396f25fdc
You can track the timer and all the rebase info here :
https://dashboard.baseprotocol.org/
