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$BASED Protocol
$BASED Protocol is the next logical step in the course of rebase token evolution. Following the massive failures of the countless OHM forks, Devs have sought a model that could bring passive income and massive gains to the NICK ecosystem while also accounting for variables such as share dilution and curbing inflation.
Elastic Rebase tokens such as AMPL have been quietly buzzing behind the scenes for years and have inspired newcomers like Titano to emerge onto the scene.
Thanks to recent developments, partly by the Titano team as well as AMPL, we have discovered the outright power of rebasing smart contracts that no longer require extra staking or oracle contracts: the functionality itself has been encapsulated in one auto-compounding & auto-staking contract with several intrinsic features like intelligent fee distribution and yield calculation.
Our main goal is to build a token that can provide passive income while maintaining stability thanks to the design features such as liquidity pool injection, liquidity locks, reserves, hands-on utility, buy backs and burns, yield farming as a service, and a risk free vault that backs $BASED and ensures stability.
We have also locked our initial $BASED-WAVAX liquidity (94% of the total pool) until 4/20/2023 (1 year away) to help ensure trust in the community: https://dxsale.app/app/v3_3/dxlockview?id=0&add=0x2A9f0df5Ac2D9D2dF27102A3B8B3bb794Aa43EBF&type=lplock&chain=Avalanche​
These tokenomics are conceived in such a way to ensure long-term stability and offering a Degen-friendly but highly sustainable APY of 69,420%. Making it a sustainable option for the investor focused on the long game.
Therefore our competitive advantage is unmatched as we strive to be the most BASED protocol on Avalanche.

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Last modified 3mo ago
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