Benefits of Using Heikin-Ashi for Technical Analysis

Exploring the Benefits of Using Heikin-Ashi for Technical Analysis

Technical Analysis is a powerful tool for any trader, and Heikin-Ashi is an excellent indicator that can be used to gain an edge in the market. In this article, we will be exploring the benefits of using Heikin-Ashi for technical analysis. We’ll discuss what Heikin-Ashi is and how it can help you identify trading opportunities, as well as how to correctly interpret Heikin-Ashi charts. We will also examine how Heikin-Ashi differs from traditional candlestick charts, and how you can use Heikin-Ashi to create a more accurate picture of the market. Finally, we’ll look at how to incorporate Heikin-Ashi into your trading strategy, and discuss the potential benefits you can gain from using it. Whether you’re a beginner or an experienced trader, this article will provide you with an in-depth look at the advantages of using Heikin-Ashi for technical analysis.

What is Heikin-Ashi?

Heikin-Ashi is a charting method used in technical analysis to identify trends and patterns. It is a type of candlestick chart that averages out the open, high, low and close prices of the previous candle over a certain period of time. The Heikin-Ashi chart provides a much smoother view of the market than traditional candlestick charts. It uses the open and close prices of the previous candle and averages them with the current open and close prices. This gives us a better understanding of the overall trend and direction of the market.

Heikin-Ashi also helps to identify support and resistance levels better than traditional candlestick charts. Heikin-Ashi candles are larger than traditional candlesticks and they are colored differently depending on whether the current candle is up or down. This makes it easier to identify when prices are beginning to reverse. Additionally, Heikin-Ashi identifies false breakouts and helps to stay away from buying or selling too early.

Overall, Heikin-Ashi is an excellent tool for technical analysis and can be used by both experienced and beginner traders. It helps to identify trends and patterns in the market and can be used to accurately predict price movements. Heikin-Ashi also helps to identify support and resistance levels, as well as false breakouts, which can be incredibly useful for traders.

Benefits of Using Heikin-Ashi for Technical Analysis

Heikin-Ashi is an advanced technical analysis tool used to identify trends and predict future movements in the market. It is a modified version of the traditional Japanese candlestick chart, and offers traders a more accurate picture of price action. To create a Heikin-Ashi chart, the open, high, low, and close prices from the previous period are combined with the open, high, low, and close prices from the current period to create a single candlestick. This helps to reduce noise in the chart and make it easier to identify patterns and trends.

Heikin-Ashi also has the advantage of being able to filter out false signals and provide traders with a more reliable picture of the market. Since it takes into account the open, high, low, and close prices from both the current and previous period, Heikin-Ashi is able to identify trends that may not be visible in traditional candlestick charts. This makes it easier to identify potential trading opportunities and make more informed decisions. Additionally, Heikin-Ashi can also be used in combination with other technical analysis tools to create a more comprehensive picture of the market.

Overall, Heikin-Ashi is an effective and efficient tool for technical analysis. By combining the open, high, low, and close prices from both the current and previous period, Heikin-Ashi is able to filter out false signals and provide traders with a more reliable picture of the market. This helps traders identify potential trading opportunities, make more informed decisions, and increase their chances of success in the market.

Interpreting Heikin-Ashi Charts

Heikin-Ashi is a type of candlestick chart which is used by technical analysts to identify short-term trends within a given price range. It is a form of “dual-candlestick charting” which is designed to smooth out some of the volatility found in the traditional candlestick chart. The Heikin-Ashi chart is composed of a series of small and large candles that contain the open, high, low, and close prices for a given period of time. The two types of candles are the Heikin-Ashi doji and the Heikin-Ashi spinning top. The doji candle is a type of candle which is composed of a single short, wide candle whose open and close prices are virtually the same. The spinning top is a type of candle which is composed of a pair of short, wide candles whose open, high, and low prices are similar, but whose closing prices are different.

Heikin-Ashi charts are used to identify short-term trends and identify trading opportunities. The Heikin-Ashi chart is designed to smooth out some of the price volatility found in traditional candlestick charts, which can be beneficial for traders who are looking for more reliable signals. Further, Heikin-Ashi charts can be used to identify longer-term trends and can be used to identify areas of support and resistance. Finally, Heikin-Ashi charts can be used to identify trend reversals and can be used as part of a broader technical analysis strategy. By correctly interpreting Heikin-Ashi charts, traders can gain an edge in the market and improve their trading performance.

Comparing Heikin-Ashi to Traditional Candlestick Charts

Heikin-Ashi is a powerful technical analysis indicator that is used by many traders to identify trading opportunities and interpret markets. Heikin-Ashi is similar to traditional candlestick charts in that they both use the same type of data: open, high, low, and close prices. However, the key difference is that Heikin-Ashi uses a modified version of the traditional candlestick chart, which takes into account the open, high, low, and close of the preceding period in order to create a smoother and more accurate representation of the market.

Heikin-Ashi charts are useful for identifying trends, support and resistance levels, and areas of volatility. Heikin-Ashi charts are easier to read and interpret than traditional candlestick charts and provide a clearer picture of the market’s direction. Heikin-Ashi can also be used to spot reversals and consolidation patterns and can be compared to traditional candlestick charts to confirm or deny a potential trading opportunity.

In conclusion, Heikin-Ashi provides a powerful tool for any trader looking to gain an edge in the market. Heikin-Ashi is an excellent indicator for interpreting the market and identifying trading opportunities, and it can be used in conjunction with traditional candlestick charts to gain a more precise view of the market.

Creating a More Accurate Picture of the Market Using Heikin-Ashi

Heikin-Ashi is a type of candlestick chart that has been used for centuries in Japan. It is based on the open, high, low, and close prices of a financial instrument, although it differs from traditional candlestick charts in that it is calculated using a different formula. The Heikin-Ashi formula averages the candle’s open, close, high, and low prices, which helps to create a smoother, more accurate picture of price action. This makes it easier to identify trends and potential trading opportunities, as well as predict future price movements.

Heikin-Ashi charts are also better at filtering out the noise and identifying true trends. When using traditional candlestick charts, it can be difficult to differentiate between a real trend and a false trend caused by short-term price fluctuations. However, Heikin-Ashi charts are better at filtering out the noise and identifying true trends. This makes it easier to accurately assess the strength of a trend and make more informed trading decisions.

In addition, Heikin-Ashi charts are also better at identifying support and resistance levels. By looking at the Heikin-Ashi chart, traders can identify points where the price may have difficulty rising further or dropping further. This can be a great way to identify potential entry or exit points for trades.

Overall, Heikin-Ashi is a powerful tool for traders who want to create a more accurate picture of the market. By using the Heikin-Ashi formula to average the open, close, high, and low prices, traders can easily identify trends, predict future price movements, and identify support and resistance levels. This makes it an invaluable tool for any trader who is looking to gain an edge in the market.

Incorporating Heikin-Ashi into Your Trading Strategy

Heikin-Ashi is a type of candlestick chart designed to make it easier to identify trends. Heikin-Ashi charts differ from traditional candlestick charts in that they use a different formula to calculate the open and close prices of each candle. Instead of taking the open, high, low, and close prices of the current period, Heikin-Ashi takes the open and close prices of the previous period and averages them together. This creates a smoother chart that is easier to analyze.

Heikin-Ashi can be used to identify trends by looking for clusters of candles that move in the same direction. A cluster of three or more candles that all have the same direction can be an indication that the trend is strong. Heikin-Ashi can also be used to identify reversals and confirmations of trends. If three or more candles move in the opposite direction of the trend, this can indicate that the trend may be reversing.

Incorporating Heikin-Ashi into your trading strategy can be a powerful tool for identifying entry and exit points. By using the Heikin-Ashi chart, you can look for clusters of candles that move in the same direction and enter into a position when it is confirmed. You can then use the Heikin-Ashi chart to identify reversals and confirmations of trends and use this information to exit your position. Heikin-Ashi can also be used to identify support and resistance levels, allowing you to set stop-loss and take-profit orders. By using Heikin-Ashi, you can gain an edge in the market and take advantage of trading opportunities.

Fibonacci Retracement for Technical Analysis Explained

Exploring Fibonacci Retracement for Technical Analysis

Throughout the world of financial trading and technical analysis, the Fibonacci Retracement tool is considered to be a reliable and powerful tool for analyzing price movements. In this article, we’ll be exploring how to use Fibonacci Retracement for technical analysis and why it has become such a popular tool amongst traders. We’ll cover topics such as how to access Fibonacci retracement levels, what kind of patterns they reveal, and how they can be used to make smarter trading decisions. By the end of this article, you’ll have a comprehensive understanding of how to utilize Fibonacci Retracement for technical analysis and why it has become an essential tool for financial traders. So, let’s get started!

What is Fibonacci Retracement?

Fibonacci Retracement is a popular trading tool utilized by technical traders to identify levels of support and resistance in a price chart. This tool works by plotting horizontal lines on a chart, at predetermined Fibonacci levels, that correspond to the ratio of 23.6%, 38.2%, 50%, 61.8%, and 100%. These lines help traders identify potential entry and exit points in a price chart. Fibonacci Retracement strategies are most commonly used to identify support and resistance levels on a chart, as well as time frames for entering or exiting trades.

Traders can also use Fibonacci Retracements to identify potential price targets. To do this, traders simply take the Fibonacci Retracement levels, which were discussed earlier, and plot them against the current price level. By doing this, traders can identify potential price targets that are based on Fibonacci levels. This provides traders with an idea of where prices may move in the future and allows them to determine if they should enter into a trade or not.

How to Access Fibonacci Retracement Levels

To access Fibonacci Retracement levels, you will first need to find a charting platform that offers Fibonacci Retracement tools. Most charting platforms include charting tools such as Fibonacci Retracements, allowing traders to quickly identify and access the levels. Generally speaking, Fibonacci Retracements will be depicted within the chart as a series of horizontal lines, with each line representing a different Fibonacci level. Once the Fibonacci Retracements are plotted on the chart, traders can easily discern the various levels and utilize them for analysis.

The Fibonacci Retracement tool can be used to reveal distinct patterns that may indicate potential support or resistance levels. By observing the Fibonacci levels, traders can identify patterns in the price action that can be used to inform their trading decisions. For instance, when the price of a security is retracing back to a Fibonacci level of support or resistance, it could be a signal to buy or sell depending on the trader’s strategy. The Fibonacci Retracement tool can also be used to identify entry and exit points, allowing traders to enter and exit a position with confidence.

By mastering the art of accessing and analyzing Fibonacci Retracement levels, traders can gain insight into the underlying price patterns of a security, allowing them to make more informed trading decisions. With the help of the Fibonacci Retracement tool, traders can gain an edge in the markets that can help them to achieve their trading goals.

What Kind of Patterns Do Fibonacci Retracements Reveal?

Fibonacci Retracements are one of the most popular technical analysis tools used by traders to identify potential support and resistance levels. The tool plots horizontal lines at pre-defined levels on the chart, which can be used to identify potential reversals or continuation of the current trend. By plotting pre-defined Fibonacci numbers into the chart, traders can identify where the price might find support and resistance.

The most commonly used Fibonacci Retracements are the 0.382, 0.5 and 0.618 levels, which correspond to 38.2%, 50% and 61.8% of the initial trend move. When the price retraces from the initial trend, these levels tend to act as support or resistance and can indicate potential turning points in the market. Traders can also use the Fibonacci Retracement levels to identify potential entry points into the market, as well as potential profit targets.

By combining additional technical indicators and analysis tools with Fibonacci Retracements, traders can identify high-probability reversal patterns, as well as potential entry points. Fibonacci Retracements can also be used to identify potential trends and identify potential support and resistance levels. With a comprehensive understanding of how to use Fibonacci Retracements, traders can make better informed trading decisions.

How to Use Fibonacci Retracement to Make Trading Decisions

The Fibonacci Retracement tool is a popular tool amongst traders and technical analysts as it allows them to identify potential entry and exit points for a financial instrument. To access Fibonacci Retracement levels, traders can use charting software such as MetaTrader4 (MT4) and click on the Fibonacci Retracement tool icon located in the toolbar. This will allow traders to draw lines in the form of Fibonacci ratios to the highest and lowest points of the price chart. The most commonly used Fibonacci levels are 0.382, 0.5, and 0.618.

Fibonacci Retracement levels can reveal a variety of patterns that can help to inform trading decisions. For example, if the price reversed from the 0.382 level, this could potentially indicate a bullish trend. Likewise, if the price failed to break through the 0.618 level, this could indicate a bearish reversal in the trend. Recognizing such patterns can be a valuable asset for any trader, as it can help them to identify entry and exit points for their trades.

When using Fibonacci Retracement for technical analysis, it is important to note that any trading decision should be made in conjunction with other technical analysis tools. Fibonacci Retracement should be used in combination with other indicators and price action analysis to ensure that you are making a well-informed trading decision. With this in mind, Fibonacci Retracement is a powerful tool that can help traders to make more informed trading decisions and increase the likelihood of success when trading the financial markets.

Other Strategies to Combine with Fibonacci Retracement

In addition to Fibonacci Retracement, there are several other strategies that traders use to make informed decisions in the market. These strategies can be used in combination with Fibonacci Retracement to provide a fuller picture of market trends.

One of the most popular strategies is the Moving Average Convergence/Divergence (MACD). This technical analysis tool uses two exponential moving averages to identify trends in the market. By analyzing the successive difference between the two averages, it can be used to identify potential buying and selling opportunities. When MACD is used in combination with Fibonacci Retracement, traders can get a better idea of when is the best time to enter or exit a position.

Another strategy that can be used in combination with Fibonacci Retracement is Support and Resistance levels. Support and resistance levels indicate the levels at which the price of a financial instrument is likely to find support or resistance. By using both strategies together, traders can identify potential price movements and set realistic targets for both buying and selling.

Using Fibonacci Retracement in combination with the strategies mentioned above can be a powerful tool for technical analysis. By combining both strategies, traders can gain a deeper insight into the market and make more informed decisions.

How to Incorporate Fibonacci Retracements into Your Trading Plan

The Fibonacci Retracement tool is based on the Fibonacci sequence, where each number is the sum of the two preceding numbers. This mathematical pattern appears in nature and can be used to analyze financial markets and make better trading decisions. To access the Fibonacci Retracement tool, you’ll need to have a charting software that supports it, such as the MetaTrader 4 platform. Once you have the tool available, you can open up a chart and select to draw the Fibonacci Retracement levels. It’ll then plot out the Fibonacci levels from a high to a low of the price action you have selected.

The Fibonacci Retracement tool is used to spot potential reversal points in price movements. When a market retraces by a certain percentage, it could indicate a potential change in the trend. Traders can use the Fibonacci Retracement tool to identify these retracement levels and set their trading plan accordingly. This can involve setting entry and exit points, profit targets, and stop losses to minimize risk. By incorporating Fibonacci Retracements into your trading plan, you can make more informed decisions and take advantage of potential trading opportunities.

History of the Ichimoku Cloud

History of the Ichimoku Cloud

The Ichimoku Cloud was first introduced in 1999 by Ichiho Sasai, a professor at the University of Tokyo.

In his paper, Sasai described how a market trend could influence the markets as a whole. This paper has been referred to as the founding document for modern financial theory.

Since then, the Ichimoku Cloud has been used as a framework for studying market trends. Today, it is still used in that manner and as a tool to identify trend shifts.

As its name suggests, the Ichimoku cloud looks like an impenetrable black box. However, inside you can find all kinds of information about the markets it monitors.

This includes news stories that are related to the clouds and details on when and where it changes. You can also find data on how it affects trading strategies.

Components of the Ichimoku Cloud

The Ichimoku Cloud is a trading strategy that uses the market action in one direction and then against it. This strategy can be used before an investment to identify areas of influence for the current market conditions.

The Ichimoku cloud is a set of moving Prices, referred to as clouds. Each cloud represents a different risk/reward profile. The idea is to identify which clouds appear to be moving in the same direction, and buy those clouds that appear to be largest in size.

Ichimoku clouds have two parts: a Moving Average Cloud Change (MACC) and a Time-Lapse MACC. The Moving Average Cloud Change represents how often the ichimoku cloud changes over time, while the Time-Lapse MACC represents how long that change has occurred since it first occurred.

When looking at ichimoku clouds, it is important to recognize them by both parts of the cloud.

Ichimoku Cloud Extra Use Cases

As noted above, the Ichimoku cloud is a strategy tool that can help you Intraday trade. However, it can also be used as a method of portfolio management.

Some users have found that using the Ichimoku cloud as a way to manage your investments works well. You can set up funds within the cloud to represent your portfolio holdings.

This way, you can look at your stocks individually and see changes in profit and loss over time. You can also set up holidays for individual funds to coincide with events or events you want them to focus on.

You can also combine the ichimoku cloud with other trading tools. Using it alongside swing trading software or using it in conjunction with market orders and strategies works well.

Upside of the Ichimoku Cloud

When the market reaches a high point, it is at times called a spot market. At these times, speculation becomes prevalent and prices spike.

If you are interested in this type of market, then you should be aware of the Ichimoku Cloud. The Ichimoku Cloud is a concept introduced by Marcie Keison in her book The Ichimoku Chain elders.

The Ichimoku Cloud is a diagram that shows four different price regions within an asset. The four regions are called upper, middle, downdrafts, and crucial levels. An asset can be placed in one of the four regions based on how it trends over time.

The idea with the Ichimoku Cloud is that during speculative periods, trading becomes very complicated and tight-minded.

Is it for long term investors?

The Ichimoku Cloud is one of the more unknowns tools in Cryptocurrency trading, but it can be used for long term investor gains.

This tool was created by Yamaguchi in 1987 as a way to spot trends in the market. Over the years, he continued to improve the cloud and make it more liquid which is why we have it today.

Today, the cloud has many different features that you can use. You can find them all over the internet, but here are some of them: moving averages, Ichimoku levels, trendlines, and historical patterns.

These features can be used in different ways, such as finding support or resistance levels, identifying patterns in data, or predicting future prices.

Is it for short term investors?

The Ichimoku indicator has been the basis for many short-term investments. As we discussed earlier, Era-based investors have a tendency to place a high priority on returns at the expense of time.

That is why they tend to invest in stock market ETFs and tracks. That is why they tend to invest in stock market ETFs and tracks. That is why they typically do not hold onto their investments for long.

For instance, they may put money into a stock that makes $5 per share now but that rises to $10 per share in just a few months. Or they may buy a track that increases in value by 10% over the next six months.

This is not to say that these individuals do not make gains on their bets, but it does take them out of the longer-term picture. It can also affect their confidence in the markets moving forward.

How to use the ichimoku koudou chart?

The ichimoku cloud is a indicator tool used in trading. It is created using a mixing of moving averages, Ichimoku parameters, and forecasts to create a powerful indicator.

Moving averages help determine when assets are changing levels of value. When these values change at a faster rate, it indicates an asset is changing value.

Using the Ichimoku Cloud is done by placing it on your trading platform. The more empty space there is around the cloud, the more influence it has. There are two ways to use the cloud. The first is to place parameters within it and the second is to take advantage of its features and use them for trading purposes.

This article will discuss both ways so that you can use the Ichimoku Cloud for trading.

What is the first thing you should know about the Ichimoku koudou chart?

The Ichimoku cloud is a charted tool that can be used to study the market trends. The cloud can be accessed via a chart and will display several lines that relate to the markets and their trends.

The lines are called trend lines and they represent the way the market is moving. When one line is higher than another, it indicates a positive market trend. When one line is lower than another, it indicates a negative market trend.

When there are many lines with low points, it means the markets are not moving very fast. This is how Ichimoku clouds get their name, because they look like large waves on the charts.

These waves can change shape and color, which corresponds to the markets being up or down in strength. A soft-edged cloud would show positive changes but no jumps off of those changes.

Ichimoku Cloud Explained

Ichimoku Cloud Explained

Are you interested in learning more about the Ichimoku Cloud? This powerful and versatile technical analysis tool can be used to assess any market, from stocks and forex to cryptocurrencies and commodities. In this article, we’ll be taking a closer look at the Ichimoku Cloud and explaining how it can be used to identify potential trading opportunities. We’ll look at the individual components of the cloud and how they work together to give traders an edge. Finally, we’ll also provide some tips for using the cloud effectively when trading in a live market. By the end of this article, you’ll have a deeper understanding of the Ichimoku Cloud and be able to use it to analyze any market you choose. So let’s get started!

What Is the Ichimoku Cloud?

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a technical analysis tool used to assess any market from stocks and forex to cryptocurrencies and commodities. It was developed by Japanese journalist Goichi Hosada in the 1960s and is a powerful tool for both novice and experienced traders. The Ichimoku Cloud consists of five lines, each representing a different time frame, that form a visually appealing cloud. These five lines are the Tenkan-Sen, Kijun-Sen, Senkou Span A,Senkou Span B, and Chikou Span.

The Tenkan-Sen and Kijun-Sen are the two most important lines and are used to identify the trend. The Senkou Span A and Senkou Span B form the cloud and are used to identify potential support and resistance lines. Finally, the Chikou Span is used to measure future levels of momentum. By combining all of these elements, traders can easily identify both short and long-term trends and use them to make informed trading decisions. In addition, the Ichimoku Cloud can also be used to identify potential entry and exit points, making it an incredibly valuable tool for any trader.

Components of the Ichimoku Cloud

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a technical analysis tool developed by the Japanese journalist Goichi Hosada to identify trends in the markets. It is composed of five distinct components: tenkan-sen, kijun-sen, senkou span A, senkou span B, and chikou span.

The tenkan-sen and kijun-sen are two moving averages that are used to assess market momentum. The tenkan-sen is a nine-period moving average of the highest high and lowest low of the past nine periods, while the kijun-sen is a 26-period moving average of the highest high and lowest low of the past 26 periods. These two lines are used to identify trend direction and strength.

The senkou span A and senkou span B are two lines that form the “cloud”. They are calculated by taking the midpoints of the tenkan-sen and kijun-sen, then shifting them 26 periods into the future. This creates two lines that form a cloud shape. The cloud acts as an area of support and resistance that can be used to identify potential turning points in the market.

Last but not least is the chikou span. It is a line that plots the current closing price 26 periods into the past. This line can be used to identify whether the current price action is in line with the trend.

The Ichimoku Cloud is a powerful and versatile tool that can be used to identify potential trading opportunities. By combining the individual components of the cloud, traders can get a better sense of where the market is heading and plan their trades accordingly.

How to Use the Ichimoku Cloud

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile technical analysis indicator that was developed in Japan in the late 1930s. The cloud is composed of five distinct components, each of which can be used to identify different types of trading patterns. The five components are the Tenkan-Sen and Kijun-Sen lines, the Chikou Span, the Senkou Span A and the Senkou Span B.

The Tenkan-Sen is a moving average that is calculated by taking the highest high and the lowest low over the previous nine periods. The Kijun-Sen is a similar moving average, but it is calculated by taking the highest high and the lowest low over the previous twenty-six periods. The Chikou Span is a lagging line that is calculated by plotting the closing price of the current period twenty-six periods behind the current one. The Senkou Span A and B are two lines that are calculated by taking the average of the Tenkan-Sen and Kijun-Sen lines and then plotting them twenty-six periods ahead of the current one.

When all of these components are taken into consideration, traders can visualize the Ichimoku Cloud, which is a complex but powerful tool for identifying potential trading opportunities. If the Tenkan-Sen crosses over the Kijun-Sen line and the price breaks through the cloud, this could indicate a bullish signal and a potential buy opportunity. Conversely, if the Tenkan-Sen crosses under the Kijun-Sen line and the price breaks through the cloud, this could indicate a bearish signal and a potential sell opportunity.

Using the Ichimoku Cloud effectively requires a careful understanding of all of its components, as well as an awareness of the current and past market trends. By carefully analyzing each of the components and understanding how they interact with each other, traders can gain insight into potential trading opportunities. Additionally, by comparing the Ichimoku Cloud to other technical analysis tools and indicators, they can further refine their understanding of the markets and potentially capitalize on short-term trading opportunities.

Ichimoku Cloud Strategies

The Ichimoku Cloud is a powerful technique used by technical traders to identify potential trading opportunities. It consists of several components that together form a cloud-like shape. The five components are the Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. The Tenkan-sen and Kijun-sen are the two most important aspects of the Ichimoku Cloud and they work together to identify potential market trends and reversals. The Senkou Span A and Senkou Span B are the two lines that form the cloud and are used to identify support and resistance levels. Finally, the Chikou Span is used to measure the momentum of the market.

When trading with the Ichimoku Cloud, traders should pay close attention to the interaction between the Tenkan-sen and Kijun-sen lines. A crossover between these two lines indicates an uptrend when the Tenkan-sen crosses above the Kijun-sen, or a downtrend when the Tenkan-sen crosses below the Kijun-sen. Traders should also keep an eye on the Senkou Span A and Senkou Span B lines to identify potential support and resistance levels. Finally, the Chikou Span should be watched to measure the momentum of the market. By understanding these components and how they interact with each other, traders can use the Ichimoku Cloud to identify potential trading opportunities and make more informed trading decisions.

Benefits of Using the Ichimoku Cloud

The Ichimoku Cloud is a powerful technical analysis tool that can be used to identify potential trading opportunities in any market. It is comprised of several components, each of which can be used to provide valuable insights into price action. Perhaps the most unique feature of the Ichimoku Cloud is its ability to assess both current and future trends. The cloud is able to display the future direction of a security’s price action, which can be extremely useful for traders who are looking to capitalize on short-term trends.

In addition to its trend-identification capabilities, the Ichimoku Cloud can also be used to identify areas of support and resistance. By analyzing the relative positioning of the cloud and its various components, traders can accurately assess the strength of a trend and identify entry and exit points. As a result, the Ichimoku Cloud can be an invaluable tool for any trader who is looking to maximize their profits while minimizing their risk.

Overall, the Ichimoku Cloud is a versatile and powerful technical analysis tool with a range of benefits. It can be used to accurately assess trends and find areas of support and resistance. By using the cloud effectively, traders can improve their chances of success in a variety of markets.

Tips for Trading with the Ichimoku Cloud

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile technical analysis tool used to identify support and resistance levels, trading ranges, and potential trading opportunities. It consists of five lines that together form a cloud shape, hence the name. The most important lines of the cloud are the Tenkan-sen, Kijun-sen, and Chikou span, which are used to identify potential entry and exit points. The Senkou span A and Senkou span B lines are used to identify potential support and resistance levels and can also be used as a trend filter.

When trading with the Ichimoku Cloud, it is important to keep in mind that it is a lagging indicator, meaning that it is best used in combination with other indicators. It is also important to look at the overall trend of the market and the momentum of the individual components of the cloud. For example, if the Tenkan-sen and Kijun-sen are both rising but the Chikou span is falling, it may be a sign that the trend is weakening and that it is time to exit the trade. It is also important to understand the basics of risk management when trading with the Ichimoku Cloud, and to remember that no indicator is ever 100% accurate. By keeping these tips in mind, traders can use the Ichimoku Cloud to identify potential trading opportunities and maximize their profits.

Moving Average Convergence Divergence (MACD) Indicator Explained

An Introduction to the Moving Average Convergence Divergence (MACD) Indicator

Are you a trader looking to gain insight into the best ways to use technical analysis to help you make the most profitable decisions? If so, then you should learn about the Moving Average Convergence Divergence (MACD) indicator. This powerful indicator is a staple of technical analysis, and can help you make decisions based on the current and historical trends in the market. In this article, we will discuss what the MACD indicator is and how it can help you make informed decisions when trading. We will also discuss how to interpret the MACD indicator, and the various strategies you can employ to make the most of it. Finally, we will look at some of the most common pitfalls associated with using the MACD indicator, so that you can avoid making mistakes and maximize your trading potential.

What is the Moving Average Convergence Divergence (MACD) Indicator?

The Moving Average Convergence Divergence (MACD) indicator is one of the most popular tools used in technical analysis to help assess the strength and direction of a trend. It is a momentum indicator that tracks changes in the moving averages of a security over time. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. The result is the MACD line. The difference between the MACD line and the 9-day EMA of the MACD line is calculated, and the result is the signal line.

When using the MACD indicator, traders look for potential buy and sell signals. In general, a bullish signal is triggered when the MACD line crosses above the signal line, and a bearish signal is triggered when the MACD line crosses below the signal line. In addition, traders look for positive and negative divergences to help confirm potential trends. Positive divergence occurs when the MACD line is rising while the security is falling and negative divergence occurs when the MACD line is falling while the security is rising. By recognizing these signals, traders can make more informed decisions and increase the likelihood of successful trades.

Overall, the Moving Average Convergence Divergence (MACD) indicator is a powerful tool for traders looking to gain insight into the current and historical trends in the market. By recognizing the signals generated by the MACD indicator, traders can make more informed decisions and increase the chances of successful trades.

How to Interpret MACD Signals

The Moving Average Convergence Divergence (MACD) indicator is a technical analysis tool used to identify momentum changes in the market. It is made up of two exponential moving averages (EMA) and a histogram. The histogram measures the difference between the two EMAs and is used to indicate whether the price of a security is rising or falling.

Interpreting the MACD signals is relatively easy, as there are three distinct signals. The first is a bullish signal, which occurs when the MACD line crosses above the signal line and indicates that the security’s price is likely to rise. The second is a bearish signal, which occurs when the MACD line crosses below the signal line and signals that the price of the security is likely to fall. The third is a neutral signal, which occurs when the MACD line and the signal line are moving sideways and suggests that the price of the security is likely to remain neutral.

Traders can also use the MACD indicator to look for divergences, which can signal a potential reversal in the trend. A bullish divergence occurs when the MACD line makes higher highs, while the security’s price makes lower lows. Conversely, a bearish divergence occurs when the MACD line makes lower lows, while the security’s price makes higher highs. Recognizing these signals can help you make better trading decisions.

MACD Strategies for Trading

The Moving Average Convergence Divergence (MACD) indicator is a powerful tool of technical analysis that can help traders make informed decisions based on current and historical market trends. The MACD indicator is a trend-following momentum indicator that combines two separate moving averages (a short-term and a long-term one) to identify the direction and speed of the trend. The MACD line is the difference between the two moving averages and this helps traders assess when the momentum of the trend is changing. The MACD line is an important signal for traders to watch for and make decisions based on.

In addition to the MACD line, traders should also pay attention to the MACD signal line, which is a nine-period exponential moving average of the MACD line. The signal line helps traders determine when to buy and sell by providing buy and sell signals when the MACD line crosses above or below the signal line. As with any technical analysis tool, it’s important to understand how to interpret the MACD indicator and its signal line in order to make the most profitable trading decisions.

For traders looking to use the MACD indicator, there are a number of strategies they can employ. The most common MACD strategy is the zero-crossover strategy, which involves taking buy and sell signals when the MACD line crosses the signal line. Other strategies include divergences, momentum trading, and mean-reversion strategies. Each of these strategies has its own advantages and disadvantages, and it’s important for traders to understand how each of them works in order to make the best decisions when trading.

Common Mistakes Made when Using the MACD Indicator

However, with any technical analysis tool, there are always pitfalls and mistakes to be avoided. When using the MACD, traders can make several errors that can cost them time, money, and success in the markets. Some of the most common mistakes traders make when using the MACD indicator include:

1. Not having a well-defined trading plan: It is essential to have a solid trading plan in place when using the MACD. Without a plan in place, it can be difficult to know when to enter and exit trades, how to manage your risk, and when to take profits.

2. Focusing on only one indicator: Many traders become focused on only one indicator, such as the MACD. But a complete trading strategy should incorporate multiple indicators and analysis techniques, so that a trader has the most complete and accurate picture of the market.

3. Too much focus on the histogram: The histogram of the MACD indicator is a visual representation of the indicator, and many traders focus too much on it when making decisions. While the histogram can provide insight into the market, it should not be the sole basis for making a trading decision.

By avoiding these common mistakes, traders can make better informed decisions when using the MACD indicator. With the right approach and careful analysis, the MACD can provide valuable insight into the markets and help traders make more informed and profitable decisions.

Advantages of Using the MACD Indicator

The Moving Average Convergence Divergence (MACD) indicator is a powerful technical analysis tool that is widely used by traders to identify changes in the strength, direction, momentum and duration of a security’s price. The MACD indicator utilizes two moving averages—the 12-day exponential moving average and the 26-day exponential moving average—to identify trends and measure the strength of those trends. It does this by displaying the difference between the two moving averages.

One of the main advantages of using the MACD indicator is that it can help traders identify the most profitable entry and exit points. By comparing the 12-day and 26-day moving averages and assessing the trend in the MACD line, traders can determine when the trend is likely to reverse and when it is likely to continue. This allows traders to enter or exit a position at the most advantageous time, which can increase their overall profits.

The MACD indicator can also be used to determine the momentum of a security’s price. By plotting the MACD line alongside the signal line, traders can compare the two and measure the rate of change in the security’s price. If the MACD line is increasing in value, this indicates that the security is gaining momentum and may be a good candidate for a long position. Conversely, if the MACD line is decreasing in value, this indicates that the security is losing momentum and may be a good candidate for a short position.

Overall, the MACD indicator is a powerful tool that can help traders make informed decisions when trading. By utilizing the two moving averages and studying the trend of the MACD line, traders can identify the most profitable entry and exit points and determine the momentum of the security’s price, which can help them increase their overall profits.

Conclusion

In conclusion, the Moving Average Convergence Divergence (MACD) indicator is a powerful tool for any trader looking to gain insight into the market. By understanding how to interpret the indicator and how to use it in various trading strategies, traders can increase their chances of making profitable trades. While it is important for traders to understand the basics of technical analysis, the MACD indicator can help provide an extra layer of insight and inform traders of potential trading opportunities. Ultimately, the MACD indicator is an important tool for any trader looking to make smart, informed decisions when trading.

How to Use Bollinger Bands to Improve Your Trading Strategy

Bollinger Bands Explained

Bollinger Bands are one of the most popular technical indicators used by traders. Developed in the 1980s and named after their creator, John Bollinger, these bands provide a first-class trading strategy that can be used to identify potential entry and exit points for stocks or other financial instruments. By utilizing Bollinger Bands to analyze trends and price movements within a market, active traders can use them as an important tool to enhance their trading performance. In this article we will explain how anyone can benefit from using Bollingers Band as part of their analysis technique and discuss how best to incorporate it into your investment strategy.

What Are Bollinger Bands?

Bollinger Bands are a type of trading indicator that measures the ‘volatility’ of a financial asset or market. This technical indicator was developed by John Bollinger in the 1980s and has since become one of the most popular and powerful trading indicators used by traders. By using Bollinger Bands, traders can identify potential entry and exit points in the market, enabling them to make more informed trading decisions.

Bollinger bands are composed of three lines. The first line is the middle band, which is a simple moving average of the asset price. The second and third lines are the upper and lower bands, which are two standard deviations away from the middle band. These two bands are used to measure the volatility of the market, as they indicate how much the asset price is likely to move. By comparing the price of the asset to the Bollinger bands, traders can gain insights into the price trends and movements in the market.

In conclusion, Bollinger Bands are a powerful technical indicator that can be used to help traders identify potential entry and exit points in the market. By analyzing the price movements and trends within a market, active traders can use Bollinger Bands as an important tool to further enhance their trading performance.

Why Use Bollinger Bands?

Bollinger Bands provide traders with an effective method for gauging the potential price movements of a security or a market. By plotting two standard deviations away from a simple moving average, the bands adjust to changing market volatility, allowing traders to identify the points at which a security is overbought or oversold. This information is invaluable for traders who are looking for entry and exit points in a particular market.

In addition to being a useful indicator for identifying entry and exit points, Bollinger Bands can also be used to spot potential breakouts in a price trend. For example, if the price of a security breaks out of the upper band and moves higher, this can be a strong indicator that the price is likely to continue to rise. Similarly, if the price breaks out of the lower band and moves lower, this can signal the start of a bearish trend. By being aware of these potential breakouts, traders can better manage their positions and take advantage of profitable opportunities.

Overall, Bollinger Bands offer traders an effective way to analyze price movements and identify potential entry and exit points. By being aware of the market’s volatility, traders can make more informed decisions on when to enter and exit a position. For these reasons, Bollinger Bands are an important tool for any active trader.

How to Interpret Bollinger Bands

Interpreting Bollinger Bands is a simple process that allows traders to gain valuable insights into the behavior of a particular asset. For instance, when the band width is wide, it typically indicates higher volatility in the market. On the other hand, when the bands contract, it signifies that price is trading within a relatively tight range. Traders can also use the bands to identify support and resistance levels. When price breaks through the upper or lower Bollinger Band, it can be seen as a signal that a reversal is likely to occur.

Another useful way to use Bollinger Bands is to measure the momentum of a particular asset. Traders can measure the strength of price movements by analyzing the distance between the bands. For instance, if prices are breaching the upper band with increasing strength, it can be an indication of a strong uptrend. Conversely, if prices are consistently breaching the lower band, then it could be an indication of a strong downtrend. Lastly, when the distance between the bands is narrowing, it can indicate that the market is consolidating, which can be a sign of an imminent breakout.

In conclusion, by utilizing Bollinger Bands as part of your analysis technique, you can gain valuable insights into the behavior of a particular asset and use it to identify potential entry and exit points. By combining Bollinger Bands with other technical indicators, active traders can use them as an important tool to enhance their trading performance and gain an edge in the markets.

How to Set Up Bollinger Bands

Bollinger Bands are a great technical indicator for traders to use when analyzing trends and price movements. Developed by John Bollinger in the 1980s, these bands measure the volatility of a stock or other financial instrument by plotting its range relative to a moving average. Bollinger Bands can accurately identify potential entry and exit points for a position, giving traders the ability to capture maximum profits and minimize losses.

To set up Bollinger Bands, traders begin by choosing the timeframe for their analysis. This can range from short-term charts featuring a single day to long-term charts featuring multiple months. The next step is to select the number of standard deviations from the moving average that will define the upper and lower boundaries of the bands. Traders typically use two or three standard deviations. Finally, traders select the period of the moving average. Shorter moving averages will result in more price fluctuations, while longer averages will produce smoother bands.

By combining Bollinger Bands with other technical indicators, traders can create powerful trading strategies to help identify the most favorable entry and exit points. By using these bands, traders can confidently make informed trades and maximize their profits.

How to Use Bollinger Bands for Trading

Bollinger Bands are one of the most popular technical indicators used by traders. Developed in the 1980s and named after their creator, John Bollinger, these bands provide a first-class trading strategy that can be used to identify potential entry and exit points for stocks or other financial instruments. By utilizing Bollinger Bands to analyze trends and price movements within a market, active traders can use them as an important tool to enhance their trading performance.

Bollinger Bands consist of three lines. The middle line is a Simple Moving Average (SMA) of the price, whereas the two outer bands are each two standard deviations away from the SMA. The two standard deviations represent the volatility of the price over the period of time. When the volatility is high, the bands will expand, and when the volatility is low, the bands will tighten. This helps identify market conditions of high and low volatility.

Traders can use Bollinger Bands to identify potential trading opportunities. When the price is near the upper band, it is considered overbought and can signal a potential sell opportunity. Similarly, when the price is near the lower band, it is considered oversold and can signal a potential buy opportunity. Additionally, when the price crosses over one of the bands, it could indicate a possible trend reversal and provide an opportunity for traders to capitalize.

By monitoring the price of a security within the Bollinger Bands, traders can gain a better sense of when to enter or exit a position. By utilizing Bollinger Bands as part of their analysis technique and trading strategy, traders can increase their chances of success.

Tips for Using Bollinger Bands Effectively

When using Bollinger Bands as part of your trading strategy, it is important to understand how these bands work and how to use them effectively. The most basic way to use Bollinger Bands is to look for potential buy or sell signals when the price breaks out from the band. If the price breaks out above the upper band, it is generally seen as a buy signal, while if the price breaks out below the lower band, it is viewed as a sell signal. This kind of break out trading is simple but highly effective when done correctly.

Another way to use Bollinger Bands is to look for price volatility when the bands are tight, as this indicates that the market is ranging and may provide an opportunity for traders to enter the market. If the bands start to expand, it can signal that the market is trending and is likely to continue trending in the same direction. This information can be used to set appropriate stop losses and take profits when trading.

Finally, Bollinger Bands can provide useful insight into the potential strength or weakness of a trade. When the bands are wide and the price is near the middle band, it shows that there is a lot of volatility and a potential for a strong move. On the other hand, when the bands are close together and the price is close to one of the bands, it shows that there is not much volatility and the potential for a strong move is lower. By understanding the dynamics of Bollinger Bands, traders can use this information to make more informed decisions.

Based Labs — Announcement Recap

Hello BASED frens and fam! Quick summary of important announcements.

Be sure to stay tuned to our discord for instant updates. Updates covered:

• CREW3
• Based Next Gen Update
• $BASED on AVAX

CREW3!

We kicked off out #Crew3 sprint and will be doing regular quests.

Check it out & participate here: https://crew3.xyz/c/based

Based Next Gen Update

Boardroom UI is being pushed currently. APR, $OBOL per $SMELT, and $SMELTprice are going to be shown correctly. We did pass our boost epochs and entered a scheduled expansion which depends on current circulating supply of $OBOL. Please take a look at expansion % brackets for future references:

Although we did have a scheduled expansions up to 120, 000, 000 $OBOL in circulation, we believe it will be almost impossible to reach this supply since we introduced Boiler Room and levers to adjust emissions depending on market conditions. With existing tooling we will be able to boost APRs when market allows it and kick start positive movement for the protocol.
With current use cases starting to come to life — reaching next brackets on circulating supply will be even harder. Please look at following table that shows planned supply VS existing supply including burns:

$BASED on #AVAX!

Based Labs step by step launch process on AVAX:

We will mint 200K aBased on AVAX for initial liquidity positions.
We will send 200K Based into the Burn Accelerator to be burnt on FTM.

By the time Flair Defi launches — we should have LZ dev team review our bridge contracts for co-marketing purposes.

Please be aware that volatility on AVAX can be risky for you, price is going to differ from price on FTM, hence it will give good opportunity for arbitrage and consequently price stabilization.

We plan on having good bribes for our aBASED-FLDX pair and will add aBASED-AVAX pair later.

All OBOL used for bridging will also go into BOILER ROOM — expect our burners to kick it up a notch after AVAX launch!

aBASED will have no buy or sell tax on AVAX for ease of further integrations.

If anyone tries to call functions directly from a contract — you will lose your funds and there is absolutely no way you can recover your BASED.

All BASED bridged to AVAX is not bridgeable back to FTM, no exceptions. By design that functionality is not available.

After we mint initial aBASED that is going to be used for LP, we will transfer the operator rights to our minter that is controlled by a multisig.

In case anyone tries to manipulate the price of BASED on FTM using a flashloan or otherwise — you will LOSE YOUR FUNDS. Period.

Get ready and Stay BASED degens!!!

As always, give us some love on the socials and any questions please ask in Discord. All links here: https://basedlabs.anyside.com/

Based Labs & Flair DeFi Partnership

Based Labs are excited to be partnered with Flair DeFi — Low Fee DEX on #avax with ve(3,3) tokenomics, curve inspired gauges and permissionless bribes.

Time will only tell what the APRs will be like 👀

Check them out at https://twitter.com/FlairDefi

Now, let’s get down to the details of how all this will work.

Avalanche Market volume and engagment exploration:

⦁ Launch a one way bridge of $BASED from FTM to AVAX (aBASED)
⦁ Create initial LP pair $BASED-partnerToken

Immediate Benefits:

⦁ Additional incentives for creating LP and farming partner tokens
⦁ Reduction of $BASED supply on FTM (one way bridge only — no way of bridging back to FTM)
⦁ One way arbitrage opportunity on price fluctuation
⦁ Opening flood gates to AVAX community
⦁ Demand on $OBOL for paying bridging fees (bridge fee is 1% paid in $OBOL only)
⦁ Further use case and incentives for Gods’ Footprints (boosts on AVAX)

Risks:
 
⦁ No way of bridging back $aBASED to FTM
⦁ LP and $BASED value on AVAX might be lower than on FTM (native partner asset or AVAX token can be volatile)
⦁ Security risk of partner protocols (of which Based Labs have no control over)

What does Based Labs and Based Community achieve by deploying on AVAX?

⦁ Exposure to bigger communities
⦁ Testing grounds for further deployments of our products on alternative chains
⦁ Battle testing our crosschain assets (Footprints, Ecosystem Assets)
⦁ Constant demand on $BASED and $OBOL
⦁ Building trust with partner protocols for future collaborations

We hope everyone can see the clear benefits of our recent moves.

Rest assured, there is more #basednews coming soon. As always, give us some love on the socials and any questions please ask in Discord.

Links all here: https://basedlabs.anyside.com/

Stay $BASED & $SMELT $OBOL frens

BASED 1 Year Anniversary

Happy Anniversary to all of us, Based Family!!!

It has been a remarkable 365 days since we first launched our protocol and began our journey in DeFi. We offer our sincerest thanks to those who have been with us since the start and a warm welcome to those who have joined us along the journey.

Today, we mark this momentous occasion by burning 1,000,000 $BBONDs! This will bring our $BASED circulating supply to below 19 million! 
Burn Value = $100K 🔥

Let our next 365 days be even more rewarding as #basedlabs keep building.

In that vein, here’s a quick overview of our short-term objectives:

⦁ Pushing LIVE metrics page
⦁ Marketing campaign on Polygon blockchain
⦁ Immediate deployment of OTC engine on Polygon
⦁ Listing on Magic Eden our Devine Olympians NFT collection
⦁ Immediate use case for $OBOL and $BASED as fee for bridging
⦁ Royalties revenue stream circulation for buy backs and more burns
⦁ VDC & Exploder deployment on FTM — another immediate use case for $OBOL

Now, let’s open the curtains a bit more on our plans for our NFT Collections.

Since we ourselves have participated in many NFT projects as investors on ETH, SOL, FTM, AVAX, etc. — we believe we have a good understanding on things that attract investors, build communities, and thrive in the long term. Considering all these factors, we are going to do updates on metadata such as:

⦁ NFT Ranking (exclude unminted NFT ranks and readjust accordingly)
⦁ New Additions to Traits
⦁ New Visual Upgrades
⦁ AI Generated Layers (to certain extent)

ICYMI, Divine Olympians are able to traverse through blockchains and they have Gods’ Footprints that are also capable of moving cross-chain. Psst… here’s a little alpha — depending on trait and ruling, GODS will have extra boosts / perks on their reigning blockchain. 👀

As always, stay tuned to the socials for more detailed information and development updates: https://basedlabs.anyside.com

For now — let’s just celebrate our Birthday and be proud of our community for making it through these hard economic times! We stay strong, we buidl, we degens!

Stay $BASED and $SMELT $OBOL

Based Labs Update — Realm Venturing

Dear Based Family, we are thrilled to announce our first steps towards venturing out to other realms! We are working towards listing our NFT collection on Magic Eden on Polygon!!

Why? Its more complicated than listing on PaintSwap & we have to bridge? What’s the point?

By listing on Polygon’s Best Marketplace — Magic Eden — we are exposing our community and our ecosystem to a whole new crowd and possibly many new investors who might get interested in our tokenomics, broader goals and direction of development.

As all of you already know, our GODS are omnichain out of the box, and you all have been waiting on them to reveal their true migration power for quite some time now.

Bridging our collection to & from Polygon will instantly give us access to:

⦁ Listing on a very reputable Marketplace — Magic Eden

⦁ Bridging mechanics involving bridging a portion of $BASED to Polygon

⦁ Activating usage of $OBOL as fee for bridging

⦁ Using royalties generated to feed back into our ecosystem

⦁ Laying base for our appearance on Polygon

⦁ Connecting with projects and communities on Polygon

⦁ Opening gates to potential investors not only to our protocols, but to FTM blockchain ecosystem!

We have only 752 GODS that are capable of doing great things throughout the DeFi space, lets unleash their power and see what comes next!

Current Development Pipeline:

⦁ Server testing and database final touches

⦁ Metrics page deployment

⦁ CMC, CG, DefiLlama and all other possible boards updates

⦁ Deployment of Prometheus contract on Polygon

⦁ Deployment of $BASED OTC on Polygon w Chainlink Oracle

⦁ Listing of Prometheus Collection on Magic Eden

⦁ VDC and Exploder deployment on FTM

⦁ Launchpad deployment on chains that fit the product and narrative

Communications, Marketing, R&D Pipeline:

⦁ Marketing material preparations(creations)

⦁ AMA scheduling

⦁ Landing page overhaul

⦁ Partnerships outreach on FTM

⦁ Polygon outreach

Any questions always feel free to reach out on Discord.

As always, stay tuned to the socials to keep up to date & please like + share to help spread the news. Socials & links here: https://basedlabs.anyside.com/

Stay $BASED frens!

Based Labs — Exploder & VDC

Hello BASED Community! Here we are again with more news & more features. 
 
LIVE PUBLIC ROADMAP

Firstly, we’d like to share our Live Public Roadmap. Everyone can keep an eye on what Based Labs are working on and what we’re working on next. PSST… unannounced info here… 👀

Public Roadmap Link is here:

Based Labs Live Public Roadmap

Secondly, we’d like to introduce and explain our new modules providing even more utility across our ecosystem.

VOLUME DRIVER MODULE

Volume Driver Contract (VDC) is a wrapper contract that is incorporated in our DEX.

It will keep track of every buy transaction on $BASED through our router contract, automatically log every buyer address and add all buys for a total amount for the epoch.

Part of our BSHARE-FTM LP that is created once a week from 4% sell tax on $BSHARE will be allocated to VDC. This LP will be automatically sent to the biggest buyer (accumulated buys) and 1 random buyer, which will be achieved via Chainlink VRF (Verifiable Random Function).

VDC will be rolling over rewards if there is at least 1 buy within the current period up until there are 14 epochs in a row with active buys. At that point, the VDC will trigger an automatic giveaway. If there are no buys for the current period, VDC will trigger automatically and run a VRF, send rewards to 1 random buyer & biggest buyer. Once every giveaway round is completed, all logs will be reset, and a new epoch begins. Epoch length is 6 hours with a maximum rollover of 14 epochs (half a week / 3.5 days max rollover).

For now, VDC will only track buys on $BASED, but we are able to extend this embedded option to other tokens of our ecosystem, as well as partner assets, whitelisted on our DEX.

Users do not have to take any extra steps to participate. We will have a section in UI dedicated to VDC and a small dashboard showing top buyers for the current epoch for ease of tracking!

Since $BSHARE is not emitting anymore, we cannot guarantee the amount of LP rewards for winners, but with increased volumes it could prove to be quite rewarding.

Example:
 
Investor buys 5000 $BASED — VDC registers this amount and wallet address, then same investor sells this amount of $BASED — VDC does not deduct sells from registered amounts, but seller pays 4% tax (more $BASED burnt), investor can further buy any amount & VDC will add this amount to previously registered amount (cumulative). At the end of each round, largest buyer receives 80% of BSHARE-FTM LP & random buyer (no minimum purchase amount) will receive 20% of BSHARE-FTM LP.

VDC functions & mechanics can be tailored and incorporated for any partner token/s that decide to launch or provide liquidity on our DEX.

EXPLODER MODULE

Exploder Module is a contract that will run a giveaway automatically every week.

This module will lock your receipt tokens (V2 / Based Next Gen) or shares minted by Matrix (V1 / Based Finance) for X amount of time in exchange for constant participation in the weekly giveaways. It will send 50% of rewards to the biggest depositor and 50% of rewards to a random depositor.

There are currently two ways to increase your chances of winning:

1) The longer the lock period the more entries you will receive

2) Refer friends and fellow investors for even more entries

By entering Exploder Module you will be locking your receipt tokens, meaning that you will not be able to remove your staked position for the duration of the lock period but you will still be farming simultaneously whilst entering into the weekly giveaways.

There will be a small deposit fee in $OBOL to enter Exploder.

Any questions always feel free to reach out on Discord.

As always, stay tuned to the socials to keep up to date & please like + share to help spread the news. Socials & links here: https://linktube.com/basedlabs

Stay BASED & SMELT OBOL frens

2022 in Review — Based Labs

Entering 2023, all of us here at Based Labs would like to summarize our journey through 2022 and thank all our BASED community.

Happy New Year!

2022 Accomplishments:

⦁ 02/2022 — Launch of Based Finance on FTM
⦁ 02/2022 — Multi-Yield — $BSHARE rewards TriCrypto Curve pool
⦁ 03/2022 — Launch of Monster Zappers
⦁ 04/2022 — Launch of Parthenon
⦁ 05/2022 — Launch of Katastima
⦁ 07/2022 — $BSHARE emissions successfully finished (50,000 in circulation now)
⦁ 07/2022 — Launch of Based Next Gen protocol on FTM
⦁ 07/2022 — Prometheus NFT collection public mint opened
⦁ 08/2022 — Hybrid Farming pools launched
⦁ 08/2022 — Infinite Printer with flexable mechanics launched
⦁ 08//2022 — OTC engine upgrade with more functionality
⦁ 09/2022 — Twisted Nodes launched
⦁ 09/2022 — Omniportal upgraded
⦁ 11/2022 — NFT Mint closed
⦁ 11/2022 — Based Dex launched
⦁ 11/2022 — Dead Pools launched
⦁ 12/2022 — Autocompounders launch on both protocols
⦁ 12/2022 — Repegging of $BASED to FTM
⦁ 12/2022 — Footprints live on Omniportal(multi — chain support)

2022, it was an insane ride to say the least. We have seen the explosive power of DeFi and community support during the very end of a bull run, and we also have seen the other side as well (stay BASED in bear and build).

So far, our Based Finance protocol is at epoch 1300 — this is the most accurate age parameter since $BSHARE emissions finished quite some time ago.

Based Next Generation protocol is at epoch 146 (infinite print in play).
We have been developing and learning through trial and error this whole time, and we all agree we are extremely satisfied with the results — no hacks, no security issues even though we had massive amount of FUD and false accusations throughout our socials.

It is a rough time to be in DeFi at the moment, but it can also be very rewarding as we have seen before (hence, stay BASED in bear and build).

We want to mention also that we will very soon be deploying Exploder along with Volume Driver contracts to boost volume on our DEX & provide some new opportunities for investors whilst stabilizing and increasing liquidity on our ecosystem assets.

Exploder will allow our investors to participate in weekly raffles of BSHARE-FTM, SMELT-FTM liquidity that comes from burn accelerator, thus driving more interest to creating and locking liquidity for certain periods of time.

Volume Driver on the other hand will provide constant buy force on $BASED in exchange for burn accelerator LPs made through our boiler room contract!

More details will be posted regarding both modules.

Based Next Gen is built differently, $OBOL is not pegged meaning its price reflects current market demand (we are holding supply from expanding while there is no demand), this being said, $OBOL will be used as payment for all bridging and fees for Exploder participation giving it extra utility.

Our Omniportal upgrade already gave you some clues on our next steps and future plans, but we’d like to share some clear points on our expansion plans.

We will be deploying protocols, most likely facilitating and helping partners on other chains, by doing this we will:

⦁ Effectively reduce supply of $BASED to 10 million or under
⦁ Drive demand to $BASED tokens that will be bridged out of FTM 
⦁ Drive strong buying force to $OBOL with increased bridge activity and protocol inclusion
⦁ Opening FTM gates to investors from other chains without the need of bridging to FTM!
⦁ Utilizing footprints on multiple chains simultaneously

Driving all mechanics that we have built and connecting the dots.

We want to thank you, our very BASED family for your continued support and especially to those who have been with us from the beginning. 
10 months in crypto, with the rise and fall of so many protocols, feels like a decade.

To conclude this small announcement and year overview we are happy to announce a historical burn of 1 million $BASED tokens to make it to 50% of our supply from initial numbers!!!

We are very excited looking forward for our community, our protocols, partners and all that is to come throughout 2023.

As always, stay tuned to the socials to keep up to date, like & share to help spread the news. Socials & links here: https://linktube.com/basedlabs

Psst… more supremely #BASEDNEWS coming soon…

Stay $BASED, $SMELT $OBOL & HAPPY NEW YEAR FRENS!

BASED EVOLUTION

BASED Family, we are excited to announce several upcoming changes!

1. Our treasury will start deploying funds into a set of assets we believe have a very good future and great revenue potential. We will use partial fund deployments to avoid current volatility of markets and improve overall entry points into assets and have a good scope on possible new investment opportunities.

2. Currently our treasury has open positions in Uniswap V3 farming pools, which are already generating revenue that will be split between marketing campaigns, liquidity incentive boosts to our ecosystem token pairs, salary payouts and any arising matters.

3. We are repegging to FTM!

We have had to cover all bases to make sure transition is smooth and doesn’t go against our narrative. Lets start with the negative effects:

A. We might lose some tomb community support (what is left from it), this will negatively affect tomb use case since there will be no possibility of participation in incentivized pools that involve the tomb token. Our take on this issue — since we are not partners for quite some time now, we see no benefit to support any price action and add buy pressure to tomb ecosystem tokens.

B. BASED — TOMB LP providers lost lots of $ value by creating LP at launch of our V1 protocol. Now they have to break those LP positions. Our take on this — LP value will not be affected since current LP holders can break BASED — TOMB LP, acquire equivalent FTM worth of TOMB side and create LP on our DEX, resulting in no loss in LP value.

C. Based Peg will look very weak and low relatively to FTM price at this time. Our take on this — by pegging to FTM we remove the upper bracket of price ceiling since we believe FTM has a very bright future, we bring greater value to $BASED by having enough time to execute further burns and deploy very strong use cases to Based tokens to minimize sell pressure when we reach peg or stay above peg.

Now let’s talk about the positive effects of this huge change:

A. Pegging to FTM will expose us to the entire Fantom Community.

B. We will be able to keep shrinking $BASED supply and have all necessary tools in place ready to capture as many investors as we can when financial markets start reviving.

C. Based Finance will be the only tomb fork that outperformed its original protocol tokenomics and turned around the unnatural inflation of token supply that is at the core of this protocol.

D. Based Community will be able to accumulate gradually our ecosystem tokens without fearing of peg approaching too fast and unnatural pumps and dumps when close to peg.

E. Liquidity on BASED — FTM will get concentrated, since our treasury can eliminate unnecessary TOMB — FTM pair.

F. Our DEX will have better trading volume growth since we will absorb all swaps of our eco tokens within our own swap. More volume we catch — more revenue flows back into our assets.

G. DEX aggregators like FIREBIRD will have more optimized routes, calculations — less fees for users, more volumes for farmers.

With FVM imminent, copious solid protocols and Fantom ecosystems consistent building proving solid despite bear market conditions we believe in the future of $FTM.

The Based Labs team has been thinking about this for a long time, and with the help of our community we are finally able to make this BASED EVOLUTION!

Based Labs team actions:

1. We will create BASED — FTM LP pair on our DEX and whitelist it.

DONE

2. Add liquidity to BASED — FTM pair

DONE

3. Liquidate TOMB — FTM pair on our DEX

DONE

4. Oracle deployment on BASED — FTM pair created via our DEX.

DONE

5. UI updates of $BASED price to reflect value in FTM, BASED — FTM LP price updates.

DONE

6. New pool will be added to Dead Pools contract — it will appear on V1 UI.

DONE

7. Existing current BASED — TOMB LP pool will be moved to expired pools section.

DONE

ALL UI CHANGES WILL HAPPEN ON OUR V1 PROTOCOL WEBSITE!
STEPS OUR INVESTORS NEED TO DO TO NOT MISS OUT ON FARMING OPPORTUNITIES:

1. Unstake your BASED — TOMB LP from dead pool.
2. Break your LP tokens using our DEX.
3. Swap your tomb to FTM
4. Create BASED — FTM LP on our DEX.
5. Stake your BASED — FTM LP tokens into new pool.

There is no rush to do all this since your pending rewards will not disappear and you will be able to claim them even if you show up 4 months later from this announcement, since we are not moving them between contracts. The only difference this will make is you will miss on potential farming rewards as soon as we change allocation points from old pool to new BASED — FTM pool.

—

Based Labs will also be facilitating OTC swap of $BBOND to $BASED at rate of 1 $BBOND equivalent amount of $BASED equal to 1 TOMB. We are making sure all $BBOND holders who wanted to redeem their $BBONDs upon peg to TOMB can get their exit.

This will help our community to get rid of non-believers and speculators — win/win situation.

NOTE: Since $BASED is worth more than $TOMB — you will get respective amount of $BASED.

We will announce when Katastima becomes live and loaded with $BASED — this will be most likely a limited time exit opportunity.

—

As always, stay tuned to the socials to keep up to date, like & share to help spread the news. Socials & links here: https://linktube.com/basedlabs

Stay $BASED and $SMELT $OBOL

GODs’ Footprints & Upgraded Farming Pool

Happy Halloween, BASED Community!

On this auspicious day we are excited to announce that we are ready to deploy our upgraded SmeltRewardPool that will birth the lifeblood to our long-awaited GODs’ Footprints!

Our new upgraded farming pool will support minting of receipt tokens, which bring in a new level of yield bearing assets that are chain agnostic within Layer Zero’s reach.

We are able to set up pools with a specific type of receipt token we want to mint and send to user at time of deposit, be it an FTM chain receipt token or an omnichain receipt token — GODs’ Footprint.

This introduces vast possibilities to our investors that have their funds deposited in our pools, and at the same time use receipt tokens to participate in other events, be it farming in another protocol on FTM or otherwise, participation in extra incentive programs for locked liquidity, etc.

We are not able to reveal longer term plans for our receipt tokens at this time, but here is what we can reveal now:

Upgraded farming pool (SmeltRewardPool) will be deployed right after our DEX comes to life.

We will be adding the same exact pools that we have in the Farming Pools section on https://next-gen.basedfinance.io

Our GodNft pool will mint you 1 GODs’ Footprint receipt token for each NFT deposited into this pool.

Investors can not unstake the NFT if there is no GODs’ Footprint in their wallet.

With these changes, we will be updating omniportal.io to reflect your holdings of Prometheus and GODs’ Footprints.

OBOL-FTM, SMELT-FTM pools will accept new LP tokens made through our new DEX, and will mint you Based Receipt tokens that can be used later in Exploder.

Partnership pools will have the same versatility to mint receipts and be utilized elsewhere.

Since we transitioned to hybrid farming contracts, and are now introducing omnichain receipts, this puts Based Labs closer to incorporating some exceedingly based yields and utility, allowing us to venture further into the limitless expanse that is DeFi.

As always, stay tuned to the socials to keep up to date, like & share to help spread the news. Socials & links here: https://linktube.com/basedlabs

Stay $BASED and $SMELT $OBOL

BASED DEX

Hello Based Community! We are glad to announce a quick overview of our BASED DEX (Decentralized Exchange) launch!

We wanted to highlight some basic points on why we decided to introduce our DEX:

Why? 
 To benefit our ecosystem by creating a stream of revenue, meaning creating constant buy pressure for our ecosystem tokens (e.g. BASED, OBOL) using generated fees.

How are we different from other exchanges?
We are introducing a progressive discount system depending on user’s holdings.

Our Vision: 
We strive to help protocols generate income by applying tiny amounts of tax to their existing tokens, whilst providing very low transaction fees (0.1%), we help increase liquidity and stability of price on partner tokens.

Perks: 
Extremely low trading fees, incentives on holding X amount of tokens while still trading those tokens, partner relationships and future developments.

Lets dive into some of these points.

Based DEX will become the first revenue stream for Based Labs by generating fees.

While our fees are very low, we tend to attract more trading activity to our DEX by incentivizing it with random bonus periods, discounts based on user holdings, new partnership deals.

Our DEX will have 2 main sections: tokens with tax, and non-taxed tokens, such as stable pairs & native token pairs (FTM in this case).

Based Labs will be allocating this revenue primarily to creating a deeper liquidity for our ecosystem tokens, as well as buy backs.

Progressive discount system is a tool that automatically lowers trading fees and tax for users that hold a certain amount of certain tokens (e.g. Based Holdings) in their wallet.

We have set up a system where we are able to add new tokens to Based Holdings and set custom discounts for amount thresholds.

Example: Based Holdings discount system is set to this:

User Holds > 1000 $BASED — 1% Discount

User Holds > 500 $SMELT — 0.5% Discount

$SMELT has 10% sell tax, user has 1800 BASED tokens and 540 SMELT tokens, he/she/it wants to sell 300 SMELT, at this point cumulative discount is 1.5% on this trade => sell tax is 8.5%. Next trade this user will not have > 500 SMELT, meaning user will trade at 1% discount only (9% tax).

This small but powerful tool will enable investors to benefit from holding Based Holding assets at all times to gain better trading conditions (entry and exit points into trades).

Our DEX contract is able to onboard any tokens and apply custom tax to buy/sell transactions, giving an opportunity to other protocols in the space to benefit from revenues as well.

How is this going to work? Is the end user paying more tax? What’s the benefit from this, you may ask?

Here is a short example on how this will work:

Based Labs onboards protocol X as a partner, we add liquidity pairs to our DEX, set up custom tax that protocol X wants to apply to its tokens.

Protocol X incentivizes liquidity providers to create liquidity through our router, we can add additional perks and incentives to LP providers on this new pair. By doing so, Protocol X starts generating revenue from tax which they can circle back into incentivizing their LP providers or increase burns, do buy backs to support desired price of their token, or utilize however they see fit.

These features will help Based Labs as a project to acquire more partners and deepen liquidity on all pairs on our Based Labs DEX.

Adding tax to tokens is not often perceived as a positive for end users, but it provides more stability, growth of your favorite project and positive price action.

At the end its a choice between having no tax on a token or having a small tax that comes with lots of benefits and stability.

As an additional perk, our upgraded farming pools will have an option to give receipts to partner pools as well, which is a topic for another article….

To celebrate our DEX launch we have prepared some BASED news for our ardent & faithful community.

Regarding our own tokens and pairs, we are happy to announce that we will be adding liquidity to BASED-TOMB, BSHARE-FTM, OBOL-FTM, SMELT-FTM pairs to our DEX.

We will incentivize BASED-TOMB and BSHARE-FTM pairs with USDC rewards!

Autocompounders will be in play and in this case they will only apply buy pressure on either asset.

Incentives on our pairs will be low at the beginning and will increase with generated revenue from different streams of income.

We will incentivize OBOL-FTM and SMELT-FTM pair with existing SMELT rewards that are still in emission phase.

Single staking will be reintroduced to BBOND holders as well, paying with USDC rewards!

By introducing stable rewards to our pairs we aim to increase liquidity on our pairs, let autocompounders actually bring positive price action to our tokens, and ensure our community members can farm with peace in mind.

As always, stay tuned to the socials to keep up to date, like & share to help spread the news frens. Socials & links here: https://linktube.com/basedlabs

Stay $BASED and $SMELT $OBOL

Omniportal — God’s Footprint

Based Labs has more exciting news!

‘God’s Footprint’ is our Omnichain receipt token that will be issued to investors who deposit their NFT’s into our main farming pools. These receipt tokens can traverse all supported blockchains and can be deposited into other protocols giving our NFT Collections simultaneous yield on different chains. Please be aware, that you need to have your God’s Footprint in your wallet when you want to withdraw your NFT from our farming pool on FTM. Same will apply to our receipt tokens on other chains.

This innovative Omnichain feature will amplify our NFTs versatility and will give our community passive income on copious amounts of chains at the same time. Based AF frens…

Stay $BASED & $SMELT $OBOL

Links:
https://linktube.com/basedlabs

Stay Informed of the NFT Ecosystem by Top NFT News Aggregators

How to Keep Up with the NFT Ecosystem?

We hear from everyone: ‘’This is the best NFT collection, that’s the best NFT, the best artist is here and the best artist is there all the time. Endless hype, different art, and crazy communities of every kind can exhaust people trying to survive in the NFT ecosystem. On top of that, how can one person know about all the chains, NFT projects, and artists to make some profit from investing?
 
The answer is simple! What do you do when you can’t find time to learn about something? You find people that can find the time. In our situation, the answer is ‘’NFT News Aggregators’’. Which will save you lots of time and probably lots of profits.

What are NFT News Aggregators?

NFT news aggregators are online tools that inform you about prices, compare similar NFT’s and gives insights about projects. You can keep up with everything going on thanks to these aggregators.

How can you Identify the Best NFT News Aggregators?

• How easy is it to use? It must be relatively easy to access the information there, so you can navigate around and not get lost in the excess amount of knowledge.
  
• It should be trustworthy. Well, the reason is obvious, don’t trust anyone that seems shady. Always DYOR.

• It should be keeping up with the news. If you see them lacking news even for a day, you should stop following. 

Best NFT News Aggregators

Without saying more here is a little list containing some of the best guys out there (That we think) for you to check out:

• TodayInNFTs: They share very detailed information about a lot of projects and give good visuals to go with it. You can find a lot about metaverse projects from their Twitter.
  
  
• NFT Calendar: Probably the first guys in the NFT ecosystem to share and keep the dates of NFT projects that are going to be launching. You can prepare your finances thanks to them and prepare for big NFT drops with a schedule.

• Matty: You can find a lot of detailed insights into upcoming NFT projects that you will find a project right for your budget and heart thanks to Matty. He has already done so much in the NFT ecosystem, you might just be successful by just following his PA. (Not financial advice of course)
  
  
• GemXYZ: Gem is probably one of the best NFT Marketplace aggregators out there. With beautiful UI and their platform’s reach, you can find pretty much everything going on within the NFT ecosystem, buy multiple NFT’s and more.
  
  
• Crypto News: Well as you can see from their name, these guys share crypto news all the time. You can find about a lot of the hyped projects on their website. Since hype is somewhat creates value in the NFT ecosystem, it would be best to keep up with what they share.
  

• NFT Morning: Here is something different, these guys do a podcast where they talk about the NFT ecosystem and more. You can listen to them over at Clubhouse and Twitter Spaces every morning and get the latest updates going on. 

Based Next Gen — Twisted Nodes

Hello Everyone! We have an exciting new feature coming your way shortly!

Twisted Nodes are about to consume your every waking thought, disseminate through the DeFi space and will be rolling out faster than you can say “Based Labs just keep on building. Twisted Nodes LFG!” 😏

In order to help with healthy locking, distribution and steady growth of whole ecosystem we are opening up Twisted Nodes on $SMELT. As many of you will already know — nodes lock up set amounts of tokens for longer periods in order to produce greater rewards. In the near future we will open this up to other projects so they can thrive and gain traction with their own assets!

Twisted Nodes will have various sizes each locking up a greater amount of tokens. Node size only changes ROI time, not returns at all! APRs are guaranteed for lower bracket and there is no limit for higher brackets!

Twisted Node Sizes:

All Node length — 1 year
Short Node (2 $SMELT) — ROI in 120 days 
Medium Node (1 $SMELT) — ROI in 180 days 
Long Node (0.5 $SMELT) — ROI in 240 days

Twisted Nodes will be the safest, most risk free nodes you’ve seen so to date. Traditional nodes pay out in the same asset that you deposit, which exposes investors to risk in case that asset depreciates in price by the time node pays out your ROI. We want to introduce you our nodes which give investors an opportunity to invest with no risk associated.

How Does It Work?

At the time of your purchase of the node we register the actual $ Value of your investment! You purchase our node — it starts paying you back the same asset you deposited until you have the same amount of this asset that you spent on this node (ROI in asset amount, not necessarily value). 
‘What’s the trick’ you ask? After you get your asset back (ROI), your node starts paying you the $ Value that we registered at time of purchase of your node. In addition, you can choose from a list of tokens you want to get your aprs in! ☑️

Example 1:
You choose node size — LONG NODE (0.5 $SMELT) (ROI in 240 days) 
You choose reward token — USDC At time of your purchase 0.5 $SMELT = $500 ($ Value) 
Your node starts paying you back $SMELT and will end up paying you back your 0.5 $SMELT in 8 months. 
After 8 months, when you have your 0.5 $SMELT in your wallet, your node will start paying you in USDC the remaining $500 Value during next 4 months (Total 1 Year Node: 12 months — 8 months (ROI) = 4 months) 
 
Example 2:
You choose node size — SHORT NODE (2 $SMELT) (ROI in 120 days) 
You choose reward token — FTM At time of your purchase 2 $SMELT = $2000 ($ Value) 
Your node starts paying you back $SMELT and will end up paying you back your 2 $SMELT in 4 months. 
After 4 months, when you have your 2 $SMELT in your wallet, your node will start paying you in FTM the remaining $2000 value during next 8 months (Total 1 Year Node : 12 months — 4 months (ROI) = 8 months)

Example 3:
You choose node size — MEDIUM NODE (1 $SMELT) (ROI in 180 days) 
You choose reward token — $SMELT At time of your purchase 1 $SMELT = $1000 ($ Value) 
Your node starts paying you back $SMELT and will end up paying you back your 1 $SMELT in 6 months. 
After 6 months, when you have your 1 $SMELT in your wallet, your node will start paying you in $SMELT the remaining $1000 value during next 6 months (total 1 year node : 12 months — 6 months (ROI) = 6 months)

We will be running oracles to ensure that investors get their initial deposited value back during the AFTER ROI period. The value of volatile tokens always change, so we will be recalculating the overall value paid to investor every time you claim your rewards. If the value of the reward asset goes up in price drastically and you claimed your reward, the node will calculate and track the $ Value paid out to investor (this may actually shorten the initial value payout time depending on the asset you chose and it’s $ Value price changes!) 🔥

In Summary — Investors can purchase Nodes risk free, they are going to receive initial purchase value back in any reward token they choose, they can hodl the free $SMELT they get back as a moon bag or investors can sell it any time they wish!

Keep your eyes on our Socials (https://linktube.com/basedlabs) for more information and the release of our Twisted Nodes….

Based Next Gen Explained

The time has nearly come! Based V2 (Next Gen) Genesis is wrapping up after 10 days of OBOL distribution. Shortly after, farming of SMELT will begin (lasting for two years) and any SMELT earned or pre-purchased through the exchange can be staked in the Boardroom (the V2 Agora) for rewards in OBOL. Remember, OBOL is a pegless token so the boardroom will print regardless of the token price.

Here is a rundown of the most important aspects for after Genesis.

Projected Tokenomics

Expected token emissions over the next 2 Years & 69 Days:

SMELT Emissions: Capped at 90K from the Farms

OBOL Emissions: Expansion % is variable, but Emissions from the Boardroom are expected to be < 28M

Boardroom

(Formerly Acropolis)

The Boardroom is where users can stake SMELT in order to earn OBOL each epoch (regardless of token prices).

1 Epoch is 24 Hours Long

Staked SMELT will be locked for 3 Epochs (72 Hours) and rewards will be locked for 1 Epoch (24 Hours). Any interaction with the Boardroom (Staking / Unstaking / Claiming Rewards) will reset the lock times.

OBOL Emissions will fluctuate around 1% daily; depending on market conditions and demand the protocol Emissions can be adjusted from 0.1% to 10% (Daily).

Up to a Maximum of 20% of these OBOL Emissions will go to the Protocol Fund and the team will receive up to a maximum of 5%.

Farming

(Formerly Agora)

Users can farm their Based Labs NFTs and protocol LP tokens here to earn SMELT as it is emitted.

Emissions are constant (unlike the boardroom which only prints every Epoch) over the next two years & 69 days, however pool allocations can be adjusted as farming pools are added in future developments.

Initial Pools:

OBOL — FTM LP

SMELT — FTM LP

Based Labs NFTs

NFT Pools are projected to have minimum 200% APR subject to market forces.

Exchange

(Tax Free Swapping from V1 to V2)

The Exchange (which many of you have already started using) allows for certain tokens to be swapped for SMELT without paying the 10% buy tax.

Initially BSHARE-FTM LP (from V1) was the only token that could be Exchanged. Now you can Exchange your BBONDs as well! Don’t forget that these can also be used in larger quantities to purchase Based Labs NFTs ($500 each).

Based Labs NFTs

Our NFTs provide a unique way to reduce the supply of V1 tokens while allowing farmers to maintain a consistent value (NFTs are always evaluated at $500).

Previously the mint was only through BBONS, now it will become available for BASED-TOMB LPs as well. Remember, minting burns the tokens used, so using V1 LPs will essentially lock up a portion of the V1 liquidity.

Boiler Room

(Tax Collection)

Here is where the tokens are collected from the V2 taxes (on OBOL and SMELT).

The Protocol Fund will use this to grow protocol owned liquidity for maintaining stability, growth and longevity.

Protocol Fund

The Protocol Fund will be used at the Core Teams’ discretion, including but not limited to investments in other projects, development, audits, competitions, giveaways, etc.

The Treasury will not sell any SMELT into the market from Initial 10K minted. This will only be used for the Exchange (as intended).

The Treasury will match the amount of SMELT staked in the Boardroom until it runs out of SMELT that is not intended to be loaded to Exchange. This is to ensure sustainable expansion of OBOL and avoid dangerous market dilution in the initial stages of farming.

Conclusion

We hope you all are just as excited as we are for Genesis to end and farming to start. Our team has put many hours into building and tweaking this project, but we wouldn’t be here at all if it wasn’t for you, our community.

Our humble thanks to our Based Soldiers. You know who you are.

Stay $BASED and $SMELT $OBOL!

Based Friday | 23rd July 2022 | Update 17

Hello Based Community, Happy Based Friday! 
 
Finally some market relief in the crypto sphere! Just in time for our NFT mint and launch of Based V2. We have a few things to cover today regarding this, but before that, a quick reminder to be wary of fake Telegram / Discord Groups / Channels offering fake giveaways. We will never make a new channel or giveaway without an official announcement, and we will never DM you first. Stay safe out there everyone.

Now for the news.

V1 Recap

Based V1 (BASED/BSHARE/BBOND) was very successful during the bull market but has felt the shared pain of the bear market of late. We successfully completed emissions, one of the first to do so on FTM, and we are excited to see the future success for V1 as part of the Based Ecosystem thanks to our NFTs and Based V2. We are now in a transition stage where our V1 supporters will soon be able to move into V2 if desired. This will build the protocol owned liquidity for V1 (through limited-time, tax-free exchanges into V2) as well as burn a large amount of BASED (through BBOND buys for NFTs). So far we have burned 700K BASED tokens in the initial mint alone!

A reminder that V1 is an accelerated fork. After July 24th all liquidity incentives are coming to an end. Acropolis will continue operate as normal.

This is how you can transfer your investments to v2:

1. BASED & BBOND — Through NFT staking

2. BSHARE — LP redemption to new share tokens. The LPs will become part of treasury to regulate supply and acquire Protocol owned liquidity.

Based V2 | Based Next Gen

This week we released our Based V2 (OBOL/SMELT) documentation, so make sure you take some time to read through that and come to the discussion channel in Discord with any questions.

You can peruse the documentation here:

https://basedfinance.gitbook.io/based-finance-v2/

OBOL is a pegless asset, SMELT will perpetually print OBOL regardless of the price action. Sell & Buy taxes and Ecosystem Utilities (such as the NFTs) will be used to support the price instead, and there are several aspects we can adjust and model within the protocol to keep both tokens in check and balanced. Genesis pools for OBOL will launch Monday on July 25th 2PM UTC, and our NFTs will be among the highest yield earning assets so pick some up if you are interested in pulling in the greatest amount of OBOL in genesis. Staked NFTs will yield a minimum of 1.2% daily and can only be minted by BBOND and BBOND supply is limited so don’t miss out frens.

Communication Overhaul

Given that our Based Ecosystem and community continues to grow, we have decided to clean up how we communicate and reduce redundancy. We will be ending our Based Finance Telegram Discussion group in order to move the discussion fully to Discord. The TG announcement group will remain active however, as we know some prefer that over Discord.

The Based Labs Discord & Socials will be used for future development and NFTs (Discussions in Discord & Announcements via our Socials, while the Based Finance will be for anything regarding the Based Protocol. Make sure you describe to the new Based Labs Discord in order to stay up to date! https://discord.gg/JjjusZeAhX

This will also be the final Based Friday we release, as we are moving back to dynamic announcements. We have already transitioned to a mix of both, and given the recent market stagnation, we don’t want the community to feel like we are just providing fluff pieces and instead want to provide updates of substance.. This will be the last Based Friday announcement so don’t forget to follow our other Socials here: https://linktube/basedlabs

That wraps up our Based Friday this week. Based V2 is on the horizon.

And lastly, $TOMB on, Stay $BASED & $SMELT $OBOL!

Based Friday | 16th July 2022 | Update 16

Hello Based Community!

Happy Based Friday!

Here is a brief explainer regarding our upcoming launches:

NFT Minting Details

Minting date: 20th July

Minting cost: 500 USD equivalent in $BBOND — collection size of Prometheus NFTs will strongly depend on MarketCap of $BASED and $BBOND.

Our goal is to burn almost all circulating supply of $BASED through $BBOND.
The primary detail is amount of available $BBONDs will depend on circulating supply of $BASED — therefore this is an intentional slow mint.

This strategy will help us regulate mint speed and support constant burning of $BASED.

NFTs will be start earning yields on July 24th as soon as Genesis Pools kick in!

There will be no deposit fees for NFTs in genesis or main reward pools.

Check out our dashboard for your Omnichain NFTs — omniportal.io — NFT PRICE, NFT COLLECTION SIZE ARE FOR TEST MINTS ONLY….

BSHARE Redemption

BSHARE alone has utility in Acropolis of BasedFinance V1 since $BSHARE prints $BASED which will be used for future mints.

BSHARE-FTM LP holders will be able to swap their LP tokens to new SHARE token at rate 10:1 (10 BSHARE — 1 New SHARE token) — this will eliminate any price speculations on BSHARE toward end of emissions.

Genesis for V2

Genesis V2 will Launch on July 24th!!! — and will last 10 days.

Native pools will have no Deposit Fees (pools for NFTs, New Share Token).
We might have non-native pools, if so, these will have deposit fee of 1%.

NFT pool will have an ROI of 12% minimum over 10 days of farming genesis. (1.2% daily)

Genesis pool smart contract is undergoing final rigorous testing stages before being deployed!

New Native Token of Based Finance V2 will have interesting mechanics and will surely surprise some of our community:

New Share token will be printing regardless of market conditions, price of farm token, weather conditions or whether the Sun is in the sign of Leo!

We are bringing calculated mechanics into the protocol to keep both tokens in check and balanced…

More specific details on Tokenomics of new tokens will be released in our Docs for Based Finance V2.

Rest assured Based Labs future ventures will continue to provide value for Based Finance while NFTs will continue to have additional value in future protocols as well. It’s a Win/Win for Based Community & investors.

Stay connected with Based Labs to be on top of new protocols on new chains.

Join Based Labs Discord and follow our other Socials here:

http://linktube.com/basedlabs

Based Friday | 8th July 2022 | Update 15

Hello Based Community! Happy Based Friday !

Crypto.com Defi Wallet listing:

Another listing! $BASED has been listed on the DeFi wallet by Crypto.com

Burn Baby Burn

Treasury has been burning $BASED as a precursor to the biggest ever burn event. For the first time ever we are incentivizing BBONDs by providing it greater utility!

Based Labs NFTs
Divine Olympians will be minted using BBONDS. Which will not only give Utility to BBONDS but also incentivize burning of $BASED, accelerating our journey back to peg.

NFT Minting Details

Its here. The most anticipated utility NFTs with kickass GODs art is here. As mentioned before we will be minting with BBONDS. Imagine what happens when the staked NFTs are earning some of the highest rates in DeFi but BBONDs are rare…

Minting date: Before 24th July (end of BSHARE emissions)
Minting cost: 500 USD equivalent in BBONDS

NFTs will be start earning yields almost immediately without any deposit fees along side Share tokens.

BSHARE Redemptions

A lot of questions have been asked by community about what is gonna be the reward tokens after 24th July. Be assured that Based team will not leave you hanging. BSHARE/FTM LPs will be swapped for the new Share tokens (Wink wink). Details upcoming. Keep your eyes on the socials frens.

Genesis for V2

As we wait for the macro market conditions to get better to launch Protocol Drachma, we are launching what’s probably one of the safest yet innovate iterations of Tomb. Once more details come out you will realize this is in more ways a continuation of $BASED than a new layer.

NFTs and the new share tokens will have the most Allocations in genesis. NFTs will also have a juicy staking pool in the post genesis with no deposit fees.

With this transition we intend to:

1. Shift of value from V1 to V2.
   2. Ensure Protocol owned liquidity for $BASED
   3. Ability to correlate Based expansion with roll outs of use cases as originally envisioned.

Rest assured Based Labs ventures will continue to provide value for Based Finance.

Stay connected with Based Labs and get the scoop on new protocols on new chains and events.

Join Based Labs Discord here:
https://discord.gg/JjjusZeAhX

Further details on upcoming events will be available next Based Friday.

As always, Stay $BASED & $TOMB ON!

Belated Based Friday | 3rd July 2022 | Update 15

Apologies for the delay on this one, the intern was celebrating Canada Day and took the day off.

Today’s update will be brief and swift.

The Tomb Finance Lif3 genesis is still ongoing, don’t forget to stake your $BASED to start earning an initial share of the Lif3 token.

We also have an ongoing competition for our Prometheus Series NFTs, so make sure you check out our Socials for and get in on that. There is less than 1 day left!

https://t.co/0Ql1MTyCO8 Enter to Win 1 of 2 x Prometheus Series Omnichain NFT Whitelist Spot #whitelist #prometheus #NFT #NFTs #fantom #FantomSpace #FelixFrens #NFTCommunity #NFTGiveaways #omnichain https://t.co/0Ql1MTyCO8

— Based Finance🏛👻 (@BasedFinance_io) June 27, 2022

Another week of progress here behind the scenes and some big brain ideation at Based Labs.

Based Labs official website is closer to completion & internal roadmap is being deconstructed, reassembled, fine-tuned and polished in the background.

We also have internal team restructuring and core members leaving.

Rest assured Based Soldiers, we’re committed to maintaining our longevity in the space and long term supporters will be getting the scoop on next protocols. A considerable amount of thought has gone into transitioning into next protocols and inclusiveness.

NFTs will have future protocol utility & we’re working on some unique ideas that we believe will breathe a bit of fresh air in the DeFi arena.

Keep your eye to the ground and your eyes on the Socials. 👀

https://media.giphy.com/media/l2JhORT5IFnj6ioko/giphy.gif

Stay BASED & TOMB ON!

Based Friday | 24th June 2022 | Update 14

Based Friday | 24th June 2022 | Update 14

Happy Based Friday!

We saw a bit of a relief bounce across the board this week, but the market still remains in a bloody bear. Regardless, we continue to build, and we are already seeing some serious growth in Based Labs — our research and development branch. Based NFTs are nearing completion as well, and we are very excited about what the community will think of the final product. Our partners with Tomb have launched Lif3 and you can stake $BASED in the genesis pools already. Huge thanks to our amazing community for the continued support, we wouldn’t be here without you! Now for the news.

Upcoming NFTs

NFT Status — It’s coming!

The based team is committed to providing true utility for our community, and that’s one of the reasons we are so excited about our upcoming based NFTs. The culture around NFTs has grown tremendously over the past year and providing an avenue for our community to diversify into them while still supporting our project will be huge in our opinion. Our upcoming NFTs will be purchased using $BASED and they will be able to be staked for further rewards. We are continuing our efforts to wrap up the remaining pieces on the artwork and contracts, and want to ensure everything will work exactly as planned. One of the benefits of being in a bear market versus a bull is the breathing room that allows for us to build and grow without the constraints of FOMO etc.

Based Labs

Based Labs

*

We have been seeing a little confusion regarding what exactly Based Labs is? — So hopefully this will help to clarify that, and really show how cool this new formation of the Based team is. Based Labs is essentially our research and innovation umbrella; we have developed a large code base allowing for quick development and testing of new protocols, and are actively researching successful projects to see what works well for them, and what can potentially work well for us. The goal of based labs is to experiment, iterate, and improve, and we are in a great position to develop degen-friendly protocols to keep our community engaged during the crypto winter. We have a lot of experience and good connections that will further this growth, and Based Labs will be our vehicle to do so.

*logo is placeholder

Partnering with Liquid Capital

Partnering with Liquid Capital

We are happy to announce that we are partnering with Liquid Capital in order to facilitate the research and development of our future protocols. We firmly believe that open discussion and sharing of new ideas is the key to success in these turbulent times. Liquidity Capital and its Circle of Trusted Partners will provide reciprocal co-marketing, co-development of use cases, and additional support for its CTP members. This, in turn, ensures greater safety and security for DeFi investors.

Liquid Capital is a team of proven DeFi veterans who have created a revolutionary DeFi protocol and a powerful operating strategy designed to achieve what most DeFi investors search for in a DeFi project; sustainability and price stability.

Conclusion

That wraps up the news for this week. Plenty more to come if you stay tuned every Friday. Thanks again to our amazing community for the continued support and love. Everything we build is for you all, so if you have any thoughts or suggestions our DMs are always open. Stay safe out there everyone, and as always: STAY BASED AND TOMB ON!

Based Friday | 17th June 2022 | Update 13

Based Friday | 17th June 2022 | Update 13

Hello Based Community!

Happy Based Friday everyone!

While the entire market continues to bleed, we continue to build. We have accumulated a large treasury and have more than enough room to survive the crypto winter. Based Finance is here to stay, and we will continue to provide you weekly updates of our progress and innovations. So, let’s get into it..

Message 2 — Hello LIF3!

Not everything was grim during this week.

The brand new LIF3 was revealed this week by our partners at Tomb finance. Everyone at Based Finance is very excited about the possibilities that LIF3 brings. And we all wish LIF3 a long and prosperous journey.

$BASED and $BSHARE genesis pools are live. Stake to earn Lif3.

Message 3 — It’s not Pegged it’s Ratio

Protocol Status — New Pool

We share Tomb’s thinking, and firmly believe that Based is not only a PEGGED algo coin and it will provide its own utility. Utility that helps to stabilize the tomb ecosystem even further.

Message 4 — NFT Updates

NFT Updates

We are nearing the launch of our BASED NFTs, the minting is ready to go, just finalizing the remaining pieces for the artwork and contracts, and the staking is almost done. The NFTs will utilize the Preview framework, stay tuned for some teasers on how that will look. We think this will be huge for rewarding our loyal community, while continuing to provide additional utility for $BASED.

Don’t forget, $BASED will be used for the mint once it is live, and the NFTs you mint will have their own utility as well. More on that soon.

Message 5 — New Protocol

New Protocol

We are excited to announce a new protocol coming soon thanks to our researchers in Based Labs. We have been digging into other successful projects to have our pulse on the market and to see what makes it tick. We have something innovative and exciting coming for you all. In order to survive winter, one needs fire, and the fire will burn!

Message 6 — Community Support

Community Support

​​With the current market conditions, support from you, our community, is paramount. We continue to build, and our treasury remains strong, but our work is nothing without the support from you.

Here are a few ways you can help support the protocol right now:

1. Participate in the community! Join the chat, make some friends

2. Purchase Based/Bshare and/or add LP to the Agora farms

3. If you want to sell, use tomb swap (fees support tomb and us), and/or pair into LP (this provides a good hedge against market volatility, supports the price, and diversifies your holdings)

4. Be nice to the people in the community! Like never before your support and kindness is needed to help everyone move forward as we focus on the future

This bear market will pass just like all of the others, and we are here for the long haul. Together we are strong! Lastly, as always, TOMB ON AND STAY BASED!

Based Friday | 10th June 2022 | Update 12

Hello Based Community!
We truly believe that our community is knowledgeable and can withstand the bear market, the FUD, and anything bad that tests our commitment to the BASED project.
Let’s be realistic — the world economy is not doing well right now, and there is a lot of uncertainty regarding upcoming regulations.
It might seem that nothing is currently working. But those of you who lived through previous market pitfalls know that this it is a temporary event.
Based Finance does not stop developing and innovating our protocol to achieve the best results. We firmly believe that our protocol will remain in the DEFI space for a very long time. We will be constantly innovating the DEFI ecosystem, and make sure that Based Finance becomes an unshakable pillar of DEFI! 
We will be here, we will keep working, we have 0 doubt that this will pass and that Based Finance will come out stronger than ever.
The night is darkest just before dawn!

Protocol Status — New Pool

As many of you know a traditional tomb fork protocol has a bond mechanism that is not very useful and often does not help the protocol to keep its balance. We are bringing back the true utility of Bbonds by incentivizing it through our Bshare Reward Pool. This is how it will work:
Bbonds burn based in circulation until they are redeemed. By incentivizing Bbonds to a certain point we are making redeeming Bbonds unattractive. Which will essentially keep our based circulation supply low.

Our team decided to add a bit of confidence to buy bonds to balance the protocol. Those who read the documentation know — the total amount of Bbonds is set to 35% of the total supply of Based, this number can be adjusted. We will reduce this number accordingly in the nearest future to create demand for Bbonds.

DAO holds 700 000 Bbonds now which are not staked, and we have no intentions of staking it. We will keep incentives at a very attractive number to reward those who truly support the protocol and buy Bbonds.

We plan to lower the circulating supply of based and make the re-pegging process very smooth by avoiding any dumps and trader speculations.

What did our Bbond pool achieve so far:
We have 3 million Bbonds in circulation, which means 3 million based was burnt!

We have a single staking pool of Burned Based tokens (Bbonds) — which just sounds and feels based AF! — and it pays 0.8% APR DAILY!!
 
Currently, we have 36 mil based in circulation and 3 mil Bbonds. We will be slowly building up the numbers to create enough natural buying pressure of based and achieve balance.
DAO will keep buying Bbonds to keep supply low and for future burns of bbonds.
Keep in mind, that we are experimenting with the mechanics to achieve the best effect and longevity of the future seigniorage protocols.

Protocol Status — pool increased incentives

Based / USDC pool increased incentives to 300% Yearly Apr. We are watching the markets and adjusting allocations on the fly to keep paying competitive interest to those who are invested and to the new investors.

Protocol Status — vision of our future

We are very excited to keep supporting Tomb Finance and be a part of the Tomb Ecosystem. The based token was announced to be in one of the genesis pools of Lif3! More exciting news to come soon, please keep an eye out for announcements in Tomb socials channels to get the info first!
We are ready to be a part of something bigger. Both Based and Tomb have a farseeing vision for the development of this space and the stability of the ecosystem!
As we stated before — we have formed Based Labs. It will focus on innovations, experiments, and the groundbreaking tech that exists on the market today.
We plan to bring the best practices and most effective mechanics and tools back to Tomb Ecosystem.

Protocol Status — new discord channel

Speaking of Based Labs!
We just launched our socials and we are in preparation for the launch of our first protocol — GODS! Our Landing page is under work. The Discord server is already up.
GODS are ready to INVADE! Any future information regarding our NFT launch will be posted on Based Labs’ socials.
Please visit our tweeter for more info: https://twitter.com/BasedDEFI.

And to wrap things up, please remember, we will never lie to you to keep your hopes up by falsely promising and underdelivering. DEFI space is ever-changing. But we are here and we keep pushing.
We have 0 doubt that the bear market will pass and that Based Finance will come out stronger than ever. Your support during these hard times is paramount. We are stronger together and we will withstand!
The night is darkest just before dawn! TOMB ON and STAY BASED!

Based Friday | 3rd June 2022 | Update 14

Hello Based Community!

Welcome to the first week of June with BTC trying to hold support & dao having to actively intervene to make us print after 6 days of extended zen. After some reallocation of native assets from Tarot, dao was able to mitigate some activities which were not allowing us to get above necessary TWAP for printing. We are aware that the market is in bear trend & our focus is on capital protection while making logical moves to keep the peg close.

In the following sections we would like to address various concerns of the community as well as clarify the dao’s position regarding important aspects.

Some project milestones achieved last week.

• Curve pools & the $BASED-$USDC pool attracted more than 5Mil in TVL
• 2Mil $BASED was converted to stables via Katastima
• Treasury liquidated volatile positions to rebuild stable reserves

Healthy partnership with Tomb Finance & Harry Yeh

During our run, the dao’s plan was to make Based Finance an integral part of the Tomb Ecosystem. Irrespective of how the markets have been & the price action of ftm ecosystem tokens, we are proud to have succeeded in this plan. Core team members have met with our partners personally, worked on the specifics leading to a fruitful partnership with Tomb. As a result of the partnership, Tomb agreed to & has been helping us actively defend our peg. In return Acropolis allots a portion of prints to Tomb Dao & Based Dao actively procures from market & transfers a fixed amount of $BSHARE to them.

The benefits for us & our community doesn’t end there as we had the privilege to be listed on Felix with priority as well as to be considered to be a part of TombV2 & TombChain. More specifics on this would hopefully be released coming Tuesday.

Why Katastima & How it is doing

We have seen concerns among the community members about Katastima & some of you have questioned our motives behind offloading large amounts of BASED via OTC. We would like to address it & share the reasons behind this decision. The dao had to restructure after arriving at the decision to team up with Tomb & few of the former teammates had to retire. As all of them had huge exposure to our native tokens, the dao had to buy back their exposure at a premium so that there is no market impact if they decided to offload their exposure. This along with the procurement of necessary BSHARE for Tomb Dao & ofcourse the market, made the treasury balance take a huge hit.

The dao had to try and regain some purchasing power while making sure that it does not affect our PEG. 2Mil BASED was sold via Katastima to gain around 250k in stables while the peg remained stable. Dao also liquidated most of the volatile positions we had in order to protect capital during this bear trend. Currently Katastima is set to market buy 80% of the ask & would actively help the peg going forward. Please find the graph of our peg after Katastima started 10 days back.

Divine Olympians Prometheus

Enough seriousness for one Friday, time for some fun stuff. Based Labs is proud to release our first Omnichain utility NFT series depicting Mythological Greek Gods aligned with the theme used for our first protocol — Based Finance. Divine Olympians will potentially feature 14 GODs starting with Prometheus, Hercules & Ares. Each GOD in the series will have a cosmetic limited (<10) OG Edition as well as a Utility based generative collection of 1000 nfts. The Generative Edition will be available for public mint & will have traits which will be used in future protocols from Based Labs. All GODs will have a ‘Bonus’ trait with value anywhere between 5–30 which can be leveraged on future protocols.

Currently we are minting Prometheus series which has 2 additional special traits — ‘Health Bonus’ & ‘Elemental Damage’ with values, while some other special traits with a value of 0. Some of those missed special traits will have values for Hercules while Hercules will have ‘Health Bonus’ & ‘Elemental Damage’ of 0. Currently we are testing the mint & finalising date as well as the mint cost in order to kick start the marketing campaign.

Future moves by Based Labs

The dao wants to approach the bear market very cautiously & we hope that the community understands. Matter of fact, Protocol Drachma is deployed on chain & being tested as we speak, but we do not want to announce any launch dates at this point. With our degen background & experience, we are considering experimenting with more degen friendly protocols while we wait for an uptrend to launch serious protocols like Drachma. We are in contact with various teams to collaborate on different chains & are open to hear what the community would want us to try. Also it would be nice for the community to share which chain they would like us to explore first.

Meanwhile we are finalising designs for basedlabs.io & mint.omniportal.io & the nft marketplace development by pod town is on track.

Lastly, $TOMB on and Stay $BASED!

Based Friday | 27th May 2022 | Update 13

Hello Based Community!

Congratulations to our partner Tomb Finance on announcing their next phase with Lif3 & getting listed on Felix Exchange. We support them wholeheartedly in all future ventures & their effort to reach peg. With Harry Yeh helping us, we ourselves are staying very close to peg & aim to be printing daily without much trouble. At epoch 430 we are approaching the milestone where 2/3rd of $BSHAREs are circulated, among which, 71% are staked on Acropolis.

Some milestones for us this week

● Based-Usdc Tomb Swap pool launched

● Katastima in action

● Based listing on Felix

$BASED listed on Felix with $USDT pair

We are happy to announce that $BASED is now trading live on Felix, please check it out on this link https://trade.felix.com/en/trade/basic/BASED_USDT As many would gather, between Katastima & Felix, look out for arbitrage options available as both prices stabilise around a volatile market.

Katastima is live!

Katastima has been working great & we are happily surprised to see every refill getting eaten up fast. We have been slowly increasing the amount of refills all the while keeping an eye on the peg. With Felix trading now active, we are anticipating demand when the prices are in an imbalance between the CEX & DEXs.

$BASED — $USDC TombSwap incentivised pool is live!

Although we hit a minor bump with some UI issues on TombSwap, we have launched $BASED-$USDC incentivised pool. The pool is having 3% daily APR & 1056% yearly APR, you know what to do.

Crushing Social Engagement!

Now this will come as a surprise to most of us on our groups & socials, but Based Finance has been breaking new ground with higher social engagement. Thanks to Erebus, his content push on leading news outlets have worked its magic. We would also request our community & chads to be more active promoting our tweets & social content pushed out on other platforms as well.

Time now to announce the winners of the GIF competition

1. 1st MpeleZw
2. 2nd Dope
3. 3rd Mr Mcflunday — Pepsi Maxi
4. 4th sashania
5. 5th escrew7

Congratulations winners.

BASED V2 — Based Labs

No, it was not a typo that last time we mentioned based v2, but it is not really a layer 2 either. Based V2 is a vision for the future of the Based Ecosystem. The partnership between Based Finance & Tomb Finance has now evolved into a sustainable mechanism. While we help Tomb, they have been in turn helping us maintain our peg & have been doing a spectacular job given the market conditions. In addition the partnership has bought us listing on Felix & potential launches on TombChain as we close in on our BSHAREs emission end.

At this juncture we are confident that our team is ready to venture on to other blockchains beyond Fantom & start deploying protocols which could benefit all those who would have a stake in this team. Announcing the formation of Based Labs (basedlabs.io) which will be representing the team with all the crosschain ventures coming under this umbrella. As we have Based Finance, the Tomb Fork on Fantom, we will be exploring & experimenting with various DeFi & Degen friendly protocols on all accessible chains. This means that Protocol Drachma may not be launching on Fantom, but on another chain yet we will make sure that everyone who has a stake in the team benefits from every Based Labs protocol.

Will close with something to ponder — Divine Olympians is Omnichain!

So, $TOMB on and Stay $BASED!

Based Friday | 20th May 2022 | Update 12

Hello Based Community!

Congratulations to everyone who is still with us as we cross this himalayan milestone of 400 epochs. A few months back a group of degen traders came together to make this Tomb Fork never realising the crushing fact that we were launching in the worst of times. It has been an uphill battle as crypto in general & fantom chain especially took multiple beatings. The team is happy to say that, with the help of Tomb, we are almost in the final laps of our journey.

Latest NEWS

Here are some of the latest coverage we got in some leading & known news entities. Please share it across the crypto world.

Bloomberg — $BASED to Power a New Decentralized Marketplace for Goods and Services — Bloomberg

Nasdaq — $BASED to Power a New Decentralized Marketplace for Goods and Services | Nasdaq

Yahoo — $BASED to Power a New Decentralized Marketplace for Goods and Services (yahoo.com)

Marketwatch — $BASED to Power a New Decentralized Marketplace for Goods and Services — MarketWatch

Benzinga — $BASED to Power a New Decentralized Marketplace for Goods and Services — Benzinga

Digital Journal — $BASED to Power a New Decentralized Marketplace for Goods and Services — Digital Journal

Divine Olympians Update

Our second artist Amiel has completed his commission and delivered the art content for Hercules along with the generative traits for the nft. We have Prometheus & Hercules completed in 2 variants. One OG version which will be minted for the team & one generative version for the community & public. We will be running some whitelisting campaigns as we edge closer to mint dates. CHADs from our community would be whitelisted by default.

The technology Pod Town has used for the NFT is LayerZero & we may have a delay in getting code audited as the LayerZero technology codebase is yet to be audited.

Felix Update

After running through a few initial Based Fridays we have realised that Fridays are not really a good day to announce things. Most collaborative news tends to break on a Monday or, wait for it, a Tuesday. Those of you who are already on Felix should be able to see what is coming next week.

Katastima OTC going live

Our OTC feature, Katastima, will be live during the weekend but would not be funded in view of the current market conditions. When peg is strong, larger volume transactions can now occur without any loss in slippage or fees. If the peg is stronger, there are also means to facilitate discounts to large volume buyers. Ofcourse, we will follow due diligence when enabling this feature depending on the market.

Team Restructuring is complete

Last week we announced the creation of a core team to facilitate our partnership with Tomb Finance. Moving forward the core team will consist of Athena, Calypso, Daedalus, Kratos, Ares, Hercules, Helios & Erebus. The rest of the team will remain as respected founders, STATER beneficiaries & would continue to support the protocol as they can. The mandatory exposure of the rest of the team has been absorbed by the treasury in order to negate any market impact.

The team has worked tirelessly behind the scenes to create a healthy extended Tomb-Based-Ftm ecosystem. Remember this line from the opening paragraph — ‘The team is happy to say that, with the help of Tomb, we are almost in the final laps of our journey.’. Time to be excited about the next phase for Based Finance, this Tuesday, we pivot in a new direction with renewed vigor & new opportunities for both the protocol & its community.

Seriously, $TOMB on and Stay $BASED! Or shall we say Stay BASED V2.

May 13th 2022 Update 11

Hello Based Community!

Friday the 13th — that sets the mood right for what happened during the past week. We have seen an abrupt end to a well established blue chip protocol leading to cascading effects on the entire crypto market. Stocks have also incurred comparable or worse hits across the board. Essentially a brutal bloodbath! Fantom suffered a tremendous blow along with our partner Tomb & us. The team acknowledges the fact that during the past week we have realized a 90% correction in price for $BASED. We stay humbled by the markets & the sentiment. But…

This is a big BUT, we are still here! Fact is, our peg to Tomb remained very close during the whole down trend. Our community & team both were calm & matured facing the realities of the market. We are grateful to you, our based community, you guys give meaning to the words ‘Stay Based’. The Based Core team has this to say to you — ‘We get hit, we go down, but if there is the faintest of beats left, WE WILL GET BACK UP’!

In this spirit we would like to share a tribute created by MrGoodBarz titled Based Baby. This is a small section of the rap done by the artist with the lyrics written by Based_Erebus. Some may say the visuals are outrageous, but we all know we deserve this 🙂

1. https://imgur.com/a/aDITdW7
2. https://imgur.com/a/luzw6sc
3. https://imgur.com/a/xZ3e9Hh

Protocol Status — New UI, New Dashboard

There are no milestones to share for the week, but the team has kept on working. We are happy to release the new UI for Based Finance. You will find a new dashboard which conveniently collects essential information in a single page. On the new dashboard you can collect all the rewards across all Agora pools quickly and easily. The new UI is live now.

New Features

The Katastima OTC feature is complete & ready for deployment. But we all know that the market conditions are not exactly suitable for the feature. We would like to iterate the fact that we are not losing any stride while the market does what it does, we are building the most feature rich codebase ready for deployment whenever & wherever need be. Parthenon features will also be revisited once the market stabilises.

Felix listing

We are looking forward to having $BASED available on Felix, the premier CeX on the Fantom chain. We are working closely with the Binance Cloud listing team, Felix Team & Tomb team for this to happen. We have cleared all the necessary legal checks required to be listed on the CeX & confident that we will be part of the next Felix listing announcements.

Protocols GODs — Divine Olympians

We are happy to share that Arkin Tyagi has completed all the necessary art required for our first Divine Olympian — Prometheus! The smart contracts required for the nft mint have also been completed by our partners at Pod Town. We are currently working hard to finalize the Audit, testing & deployment of our NFT vertical.

The Prometheus mint will be exclusive and will not exceed 300 pieces. Changed market conditions have forced us to revisit sharing STATER with the NFT & we are considering adding future utility directly for the NFT. Additional details regarding this will be shared closer to mint. As our NFT technology is Omnichain, we have reserved the domain omniportal.io for our NFT vertical.

Protocol Drachma

The vision we have for Protocol Drachma could be realised in various ways.

One path which requires an explicit license is being pursued as the first option. All the smart contracts necessary for this are ready & we are working towards creating the UI for it. Alternative paths involve creating additional smart contracts atop some established & successful ILP protocols. Our devs are currently working on finalising the best architecture for the project. We receive support & guidance from Harry Yeh & the Tomb team for pursuing both directions.

With the upcoming full launch of Felix & impending arrival of TombChain, the Team at Based Finance has been working more closely with our partners at Tomb Finance. Under the guidance of Harry we will be working almost as a single unit going forward. In order to facilitate this integration the Based Team has undergone some reorganising wherein a Core Group was formed. The core group will be working with Tomb on all our future ventures. This core group will adhere to the accountability and quality standards that Harry Yeh has always advocated.

We are becoming much stronger with this alliance & we are confident that both protocols will be at peg considering all the wonderful things that are being built.

So, $TOMB on and Stay $BASED!

Based Friday May 6th 2022 Update 10

Hello Based Community!

Thanks again for another amazing week, our Based Community! We’re proud to continue offering a sustainable and high yield as the market continues to be unpredictable and highly volatile. Our peg remains strong as we forge ahead into the future of Based Finance. We’re working hard on building that future for you all so that each and every person can benefit in some way from our ever-growing ecosystem. Thank you all, there could be no Based Finance if it weren’t for each and every one of you.

Protocol GODS — Update & Developments

Protocol Gods is well on the way to completion. The smart contracts for our new platform are currently undergoing their finishing touches before they are reviewed by a third party service.

Prometheus, the Titan God of Fire, is swiftly approaching his new domain. We’re so excited to bring you guys the final product but the majority of the exciting things we have to share are to be released altogether when we know our contracts are safe, secure, and ready to go. The artwork is close to being finished and we’re thrilled! Our next update is going to blow you all away.

Speaking of new domains, we’ve acquired a couple new ones that are the first step towards our future. Based Finance was created with a vision in mind, the vision of a DeFi ecosystem that was all-inclusive and offered many great opportunities for our community, alongside others, to earn yields and collaborate together.

We at Based Finance are thrilled to be building in DeFi and contributing to the vast pool of options that you all have access to as users of Web 3. We wish we could ship everything that we’re thinking about and building right away. We’re striving to build some of the most sustainable, safe, and user-friendly projects and incorporate them all into our debut platform, Based Finance.

We appreciate our community being so patient and enjoying our protocol the way it is while we build.

Felix Exchange Listing

As you might have heard already if you’re paying attention to our other socials, Based Finance is proud to be among a few of the first listings to come to the newest exchange launching on FTM, Felix Exchange! The team at Based Finance would like to congratulate them on their soft launch which happened today. Head on over to Felix.com and check out one of the most exciting up and coming things surrounding the Fantom ecosystem. “Make all of your trading pawsibilities a reality. Your all-in-one destination for Fantom and 600+ tokens…the purrfect exchange!”

GIF Competition

We come again with another competition to win $BASED prizes!

This time we have organized an animated GIF competition. GIFs are a cool way to show your art and have fun using it in Discord and TG or any other social media channel.

Rules:

Design 3 Animated GIFs related to Base (you can incorporate anything in your design, as long as their is no racist/homophobic content) e.g., you can use greek related designs, chads, pepes, other memes etc.

Timeline: Competition ends on Friday, 27th of May @ 3pm UTC

Prizes:

1st — 1500 $BASED

2nd — 1000 $BASED

3rd — 750 $BASED

4th — 500 $BASED

5th — 250 $BASED

A separate GIF competition channel will be made shortly after release, feel free to post your GIFS and shill on the channel. The CHADS and the CORE TEAM will pick the Top 5 winners at the end of the competition.

Good Luck and Stay $Based

— — — — — — — — — — -

We’ll come to an end here with our protocol guide once again. A great reminder on how you all can use our strategies to build your portfolio with.

Protocol Drachma is still one of our major focuses in the background. We can’t wait to reveal the details. You’re all going to love this so much and we’re so excited to introduce our first real protocol that will implement a whole new utility for our tokens.

Thanks again to everyone for the continued support. We couldn’t do this without you all and we’re thrilled that you have enjoyed our protocol thus far.

Lastly, $TOMB on and Stay $BASED!

Based Friday April 29th 2022 Update 9

Hello Based Community!

As the markets continue their extreme volatility, we would like to continue emphasizing that we appreciate our awesome community! We’re thrilled to be able to continue offering relatively safe and high yields during these turbulent times. It’s because of you, our BASED community, that our peg remains protected.

New Project Milestones

● We reached epoch 300!

● ~25M $BASED in circulation

● ~23K $BSHARE in circulation (70% in the Acropolis)

Protocol GODS — Alpha

As we announced last week, Protocol GODS will allow our investors to use $BASED to mint, buy & sell NFTs on the new marketplace in development with Pod Town.

As our pilot mint with Titan God of Fire, Prometheus, drags closer and closer; we’re thrilled to share a little sneak peak at what’s to come: *NOT A FINAL PRODUCT, ARTWORK USED IS FILLER

Again, we are working with Arkin Tyagi, an extremely talented & well known artist in NFT circles. Things are well in motion and we know you’re all going to love this totally rad art that’s in production!

Instagram arkin tyagi (@_artkin_) • Instagram photos and videos Artstation ArtStation — Arkin Tyagi
Behance arkin tyagi on Behance
Twitter artkin (@ArkinTyagi) / Twitter

His nft project DeusX (deusxnft.com)

We’re absolutely thrilled about how everything is coming together and couldn’t be more excited to announce more, but that’s all we can share for now. Expect more updates and sneak peaks of the artwork in the near future.

Community Proposal #4: Parthenon Revamp

Thank you everyone for providing so many helpful suggestions for our profit-sharing feature in parthenon-suggestions. If you’ve been attentive to the discord thus far you may have seen this proposal by now:

OPTION A : Profit distribution
 1 POOL — Deposit receipt tokens in it, keep getting rewards
 Lock period: choice of 1 week, 2 weeks, 4 weeks
 Deposit tax: 1 Week lock — 1%, 2 weeks lock — 0.5%, 4 weeks lock — 0%
 Withdrawal tax: 1 Week lock — 7% to 0% overtime , 2 weeks lock — 14% to 0% overtime , 4 week lock — 28% to 0% overtime
 Rewards will be distributed once per week

OPTION B: Battle
 MULTIPLE POOLS — Deposit in the pools and only 1 pool gets all rewards for the week (distribution once per week)
 Lock period: 1 week | 2 weeks | 4 weeks
 Deposit tax: 0 for all pools
 Withdrawal tax: 1 week — 7% to 0 | 2 weeks — 14% to 0 | 4 weeks — 28% to 0
 (BIGGEST TVL POOL WINS ) Win ratio can be calculated using multiplier:
 1 Week lock pool — 1x multiplier | 2 weeks lock pool — 2x multiplier | 4 weeks lock pool — 4x multiplier (RANDOM POOL WINS)
 Multipliers are the same as for TVL win scenario

By an overwhelming majority, OPTION A has won the vote on discord. Some of the team feels that the options were worded oddly and that may call for a revote with a proposal that makes things a little bit easier to understand. We’re also concerned that of all 3,990 BSHARE holders, we got less than 200 total votes on the proposal. We’ll be going over this in our AMA tomorrow about how we will move forward.

We appreciate the community being so patient as we continue working hard to ship you better experiences and new opportunities to benefit from the Based Finance ecosystem.

Some Market News

$BSHARE has been getting lots of love from the top 1,000 FTM Whales! We’re consistently smashing that top 10 volume on FTM network. The Based Finance team is so proud that we’re providing consistent value to the community and that large investors appreciate what our protocol has to offer. We’ll continue pushing harder and stronger to provide better and higher quality experiences for all of our community.

UI Updates Coming

Here’s a little teaser for everyone on some design updates we have coming. These are unfinished samples, just a taste of what’s to come. We’re pushing to have a sleek and unique user experience that makes our protocol easy to understand and navigate. Expect more on this in the very near future.

Katastima

We’re proud to announce that our very own OTC swapper will be going live within the next week. This will allow you to purchase and sell tokens on the market with 0 fees and will even be able to set standards such as a transaction that’s 50% bought on the market and 50% OTC. We’ll be waiting to hear from the community about what assets you want to be able to trade on our OTC market and will ship a detailed update when Katastima goes live.

Reminder of our guide to help you in these turbulent times.

We are still working hard on Protocol Drachma in the background. We’re going to be shipping more information in the coming weeks. I know that statement might sound like a broken record but we’re building something awesome and appreciate you all sticking with us. The utility for $BASED will continue to grow!

The team, treasury, community, and our partners are constantly working at keeping the peg close. Thanks again to everyone for the continued support. If you’re interested in some more alpha and a little bigger taste of what we’re working on, join us in our Discord tomorrow (April 30th, 2022) for a live voice AMA from a couple members of the team.

Lastly, $TOMB on and Stay $BASED!

Based Friday April 22nd 2022 Update 8

Hello Based Community!

We want to start off by thanking our amazing community for staying BASED and helping defend the peg. We are quite proud to have continued to hold our peg consistently steady — given the volatile market conditions lately. We also want to congratulate our partners at Tomb Finance on the launch of their Tomb Chain Mainnet! This will be a game-changer and a very important piece of the larger Tomb + Based ecosystem, along with the Fantom ecosystem.

Project Milestones Reached

New Project Milestones:

● We reached epoch 290!

● 22M $BASED in circulation

● 22K $BSHARE in circulation (79% in the Acropolis)

Protocol GODS — Reveal!

We know all of you have been patiently waiting for the details on Protocol GODS. Based Finance is proud to partner with the team at Pod Town to bring out a fresh NFT marketplace on FTM chain. Protocol GODS will be the very first NFT minted & made tradeable on this new NFT marketplace. People will be able to use $BASED to mint, buy & sell NFTs on the marketplace.

GODS NFT will be a Utility NFT where the community will be able to mint a unique artwork created by a renowned artist which will also give them 0.01 STATER. We will be doing the pilot mint with Titan God of Fire, Prometheus whom we have assigned to Tomb DAO & to all of those who support the Based Team.

For Prometheus NFT, we are working with Arkin Tyagi, an extremely talented & well known artist in NFT circles.

— — — — — — — — — — — — — — — –

Instagram arkin tyagi (@_artkin_) • Instagram photos and videos Artstation ArtStation — Arkin Tyagi
Behance arkin tyagi on Behance
Twitter artkin (@ArkinTyagi) / Twitter

His nft project DeusX (deusxnft.com)

— — — — — — — — — — — — — — -

Owning STATER means owning a portion of the entire BASED ecosystem & the NFT marketplace will bring Utility to $BASED token as well.

We expect to have the Prometheus mint by mid May. Depending on how the community responds to the first mint, we will proceed with sequentially releasing new GODS nfts.

One special fact about our NFT standard is that it will be OmniChain, thanks to the Based team at Pod Town.

Bond TWAP Guide

Hephaestus has put together a guide for the community on how to best take advantage of the $BBOND system to support the peg and earn some profit.

Team News

We are saddened to announce that one of our core team members, Anesia, is no longer on the Based Finance team due to personal matters. We would like to ask the community to respect her privacy and respect her decision. We wish Anesia the very best and that she will always be a member of our community and family.

Thank you, Anesia, for everything you’ve done for Based Finance and that we, along with the community, are with you and support you.

Please note that there are absolutely no ill-feelings or conflict with Anesia nor amongst the Based Finance team. We wanted to make that very clear.

Going forward there is nothing that will be different as we have already made necessary changes to accommodate the change. Our team will be doing an AMA on 29th April in case the community has any concerns regarding this or anything related to Based

Parthenon Planning

Thank you everyone for providing so many helpful suggestions for our profit-sharing feature in parthenon-suggestions. The team has gone through and compiled a list of ideas which are currently under consideration. Some of those are

● The deposit fees & the withdrawal lock will be reduced, altered or completely removed.

● UI will relay the APR from Beefy plus the additional rewards accrued

● Distribution would be weekly

● Depositors would be able to choose a fixed period to lock the LPs for increased yield.

Conclusion

Once again we would like to share our ecosystem guide.

Protocol Drachma is in its concept stage, expect to hear more from us in the upcoming weeks as we flesh out our ideas. Phase 2 of the Based Ecosystem is well under way and the utility for $BASED will continue to grow.

The team, treasury, community, and our partners are constantly working at keeping the peg close. Thanks again to everyone for the continued support.

Lastly, $TOMB on and Stay $BASED!

Based Friday April 15th 2022

Hello Based Community!

Good Friday wishes from the Based Team to our community members who celebrate it. Past week was a challenging one for the general markets & for us. We have been battling the peg more often due to the lack of positive BTC momentum & crab markets. Yet with the help of our partners, our community & the treasury we have been maintaining healthy price action without drifting far off our peg. We hope this is the perfect time to let the community know more about our longer term road map & what we have started working on as part of our Phase 2.

Project Milestones Reached

It is a pleasure to share these milestones from this week

● Passed 260 epochs (250 was a major one)

● TVL is holding above 100mil

● Beefy Moonpot with boosted $BASED-$MAI pool launched

● Based 2 month anniversary

● Added new team member Erebus, new Titan & 2 new community moderators

● Whitelisted on Firebird Finance Dex

Treasury Restructuring & Team Mandatory Exposure

We would like to share some updates from our treasury & about our team wallets. The team at Based Finance have always put security at the forefront of our protocol. We have seen many protocols fall due to bad actors and malicious behavior and we pride ourselves for being able to provide a safe place for investors to put their hard earned money. As such we have recently undergone some restructuring of our treasury:

● We have created a new secure multisig wallet. The purpose of this wallet is to build up a ‘rainy-day’ emergency fund in the extreme case that our current treasury wallet was to be maliciously attacked.

● A starting sum (300,000$ USDC) has been transferred to this wallet, and a portion of future profits generated each week will be sent to this wallet and used to steadily build up the emergency fund.

● We have chosen this number to begin with to ensure we do not disrupt reward generation for our profit distribution feature.

● This wallet is secured by requiring 4 simultaneous signatories to operate.

Whilst the majority of our team have been heavy investors in based from the beginning, as the team is now growing we have decided to introduce a mandatory exposure requirement to $BASED and $BSHARE. The requirements are in place to advertise how much our core team has faith in Based Finance. The requirements are as follows:

● A minimum requirement of 15 $BSHARE for all members, Certain members have a higher minimum requirement of at least 45 $BSHARE

● A minimum requirement of 25k $BASED for all members, Certain members have a higher minimum requirement of at least 75k $BASED tokens.

The STATER allocations for the team members were also restructured & 1.5 STATER from each member was moved into the treasury leaving 1 each with team members.

Announcing Protocol GODS!

You are well aware that the Based team have always stressed on the fact that we are not just a ‘Tomb Fork’ but we will be releasing protocols which will be enriching & adding more value to our ecosystem & $BASED token. A core element of the BASED Ecosystem will be STATER which will share almost the same or even higher importance than the $BASED token. Owning STATER means owning a portion of the entire BASED ecosystem & getting a portion of revenue across all the protocols which will be released. For eg, currently STATER can be staked in our Agora to earn $BSHARE rewards.

Soon the community will be able to have access to STATER with the added benefit of it being an artistic marvel under Protocol GODS. Protocol GODS is a partnership between Based Finance & another veteran team on Fantom. You will get to own the GODS you are familiar with but would need $BASED to get them. These GODS will bestow upon you the benefits of STATER. Multiple announcements will be released on this in the coming week.

Announcing Protocol Drachma!

Protocol Drachma will be a separate standalone protocol which will be launched under the Based Ecosystem. It will have its own independent token & $BASED will be used by the protocol to boost its yield generation capabilities. It is too early to share more on this but $BASED, STATER & possible $TOMB will play significant roles in Protocol Drachma.

Team AMA

There are some other important developments going on in the extended Based-Tomb ecosystem which will be significantly beneficial to our community. We are super hyped about it & waiting for the greenlight to share the news. Meanwhile, the Based Team is considering doing an AMA. We will open a discord channel in order to collect feedback, potential questions & decide on how to do this as per the suggestions of the community.

Conclusion & upcoming Profit Distribution

This week the treasury has distributed profits worth 75,000 on Athena’s Spoils. We apologize for the confusing UI elements that were present in the previous Parthenon page. Although we are giving away free money on top of the beefy APR, we understand that the fees & the tax on withdrawal may have made some in our community uncomfortable. The team has decided to make significant changes to the Profit Distribution feature & will be opening a channel to collect community feedback on specific implementation details.

Here is a quick guide of the entire Based Finance Ecosystem as of now.

We hope the community stays BASED with us & helps us protect the peg thus making the protocol print for everyone.

So, $TOMB on and Stay $BASED!

Based Profit Distribution FAQ

FAQs on Profit Distribution Feature:

1. Is profit distribution live? When does distribution start? Why does nothing show up for me to claim?

The profit distribution contract is live. This contract is not like a normal rewards pool. Rewards will show up for claim after we distribute them at random times. Treasury will seed rewards (simp Zeus) & devs will distribute (simp Athena)

2. Which LP to use for profit distribution?

You need to deposit BASED-TOMB SPOOKY SWAP LP on Beefy. When you do that, you will receive receipt tokens in return automatically. You can deposit those in parthenon.

3. How much is the deposit fee? Where does the deposit fee go?

Deposit fee is 1%. It will be burnt.

4. Explain withdrawal tax? Where does the tax go?

Withdrawal tax starts at 7% and decreases to 0% over 7 days. For example, if 24 hrs have passed since you have deposited, the withdrawal tax will be 6% and so on. Tax collected here is also burnt.

5. Is my Beefy LP still autocompounding in Parthenon?Am I really getting APR on top of Beefy APR?

Yes, your beefy LP is still autocompounding. Yes, you are getting profit distribution apr on top of your beefy auto compounding APR.

6. My beefy LP does not show up on Beefy, what happened?

After you have deposited your beefy receipt tokens in parthenon, your LP won’t show up on beefy anymore until you withdraw it from parthenon.

7. It does not let me deposit on Parthenon, what do I do?

If you are unable to deposit because of your LP having numerous decimals after decimal point, try using whole numbers or up to 4 decimal values. Eg, Instead of 4.23456789, use 4.23.

8. If I stake more, will my withdrawal tax timer reset?

Yes, your withdrawal tax timer will reset if you stake more.

9. If I claim my reward, will my withdrawal tax timer reset?

No, the tax timer will not reset after the claim.

10. How many epochs in parthenon? Or is it random?

Let us call these distributions instead of epochs. There may be 1–4 distributions per day & it would be random.

11. Does the reward tokens change? Can I choose my reward tokens?

Rewards tokens may be changed in the future. No, you cannot choose your rewards tokens.

12. Was Profit Distribution Contracts Audited?

Yes, the profit distribution contract was audited.

Stay $BASED and $TOMB on!

Based Friday April 8th 2022 Update 6

Hello Based Community!

First off, we would like to congratulate our partners at $TOMB for successfully reaching above peg this week. We are very excited about TombChain L2 & looking forward to the $TOMB staking feature. Positive price action on $TOMB is always beneficial to $BASED, being pegged to it.

Our peg was under challenge this week, but team members, our partner & our treasury intervened in a timely manner to defend the peg. Treasury managers are efficiently using limit orders on TombSwap & Gelato to handle peg defense effectively. $BASED has seen over 230 epochs of printing, and while the market is down our project & our project fundamentals have not changed! The Based devs continue to work hard behind the scenes to provide further utility for $BASED. More on that later.

This update will focus on some features you can expect to see for the $BASED ecosystem soon as well as a reminder of the importance of the TombSwap pools.

Project Milestones Reached

Our project milestones reached this week:

● 15M $BASED in circulation

● 18K $BSHARE in circulation, nearly 13K of which are locked in the Acropolis

News:

1. Remember how we teased our Beefy Moonpot partnership last week? On Monday you will be able to start staking your TombSwap Based-Mai LP on Moonpot! Moonpot pays you interest on your LP, and once you are in a pot you are also entered in for a weekly prize draw. Read up more in the Moonpot docs: https://docs.moonpot.com/
2. This is in line with our efforts to drive more liquidity to the BASED-MAI pool on TombSwap and to this effect our friends at Summit DeFi (S U M M I T (summitdefi.com)) will be launching the Based-Mai pool tomorrow at a 3x Multiplier.

We have some very exciting news for everyone — our profit distribution feature is finally here! Stake your beefy based-tomb LP receipt tokens on the Parthenon now to earn a share of Athena’s war spoils! Profits from our $5M treasury investment will be distributed to those staked in the Parthenon (on top of the auto-compounding rewards from staking your based-tomb LP on beefy!)

Detailed steps on how you can earn with profit distribution:

A system to redistribute based to our investors at a discount will soon be implemented for treasury to accumulate assets such as usdc, dai, tomb. This will be an upgraded version of the normal ohm bond mechanism to ensure fairness and boost community engagement. More info on this feature will be released next week!

— — — — — — — — — — — — — — — — — —

The profit distribution feature & bond marks the end of Phase 1 of the $BASED ecosystem. Afterwards we will be moving onto Phase 2, focused on creating and growing utility for $BASED. You can expect to see additional protocols pushed out increasing the use cases for $BASED. More on this in future announcements!

Our team will be welcoming an experienced senior discord moderator on Monday. Please extend a warm welcome to our next tier of senior moderators — The TITANS!

Conclusion:

Now that we are near peg we would like to remind everyone of the proper ways to exit without hurting peg while providing trading fees to both $TOMB and $BASED.

BASED-TOMB and BASED-MAI pairings are live on Tomb Swap with staking in the Agora. We are excited about this for numerous reasons as one of the major benefits is that it will help Based’s peg and liquidity by pairing BASED-TOMB/MAI on TombSwap along with fees and liquidity staying within our Tomb/Based ecosystem. BASED-MAI-LP ($MAI is pegged to USD) is the most important LP on the market enabling further liquidity and stability for our ecosystem and its investors. If $TOMB goes down you are automatically accumulating more $BASED by LP rebalancing. If $TOMB goes up you are automatically taking profits in MAI thus Increasing buying pressure and reducing selling pressure on $BASED. Always make sure you are using the BASED-MAI pool to exit to stables & to use the BASED-TOMB pool when buying back into $BASED.

Lastly, $TOMB on and Stay $BASED!

Based Friday April 1st 2022 Update 5

Hello Based Community!

Wow, yet another week with $BASED remaining well above peg! The community never fails to amaze us with the support they are showing for the project. The final phase of expansion was reached this week, further reducing the inflation of $BASED. Once again we tested our peg and unsurprisingly we immediately shot back above the peg without the need for team/treasury intervention. The treasury is growing exponentially, and in the unlikely case that $BASED goes under-peg for an extended period of time the team has generated ample funds for support. Once again, Thank you everyone for your continued love and support.

Project Milestones for this week:

● Zap contracts completed

● Completed audit with Obelisk

● Last phase of expansion

● Hit epoch 200

Profit Distribution:

The long awaited profit distribution feature is nearly here!

Profit Distribution Guide:

(do NOT attempt to follow the steps now, feature is not yet available)

Detailed steps on how you can earn with profit distribution:

1. Make based-tomb lp on spookyswap: https://spookyswap.finance/add/0x6c021Ae822BEa943b2E66552bDe1D2696a53fbB7/0 x8D7d3409881b51466B483B11Ea1B8A03cdEd89ae
2. Deposit in beefy vaults: https://app.beefy.finance/#/fantom/vault/based-based-tomb Alternatively you may use the zap function to bypass step 1. Users will be able to zap with $TOMB or $BASED.
3. Users will receive the mooBased-Tomb receipt tokens, which auto-accrue interest; currently (6000%apy)
4. Users should deposit mooBased-Tomb receipt tokens into the Profit Distribution contract (via the relevant staking pool on our UI), and will pay 1% deposit fees. Users will now be able to earn a share of the treasury’s profits which are currently: $SOLID, $TOMB, $TSHARE, and $BSHARE. On top of this, stakers will still be taking advantage of the high APY and auto compounding of the mooBased-Tomb LP on Beefy Finance.
5. Click claim to claim all 4 tokens to your wallet. We will be distributing the rewards multiple times throughout the day.
6. Users will be able to choose the amount of time they wish to keep their lp in the pool. However, to maximize rewards we recommend keeping tokens in the pool for a sufficient amount of time to avoid paying steep withdrawal tax (7% decaying to 0% over 7 days). If you decide to exit early, you have to burn these tokens and pay the fees!
7. All the fees will auto-burn the mooTokens. MooTokens accrue rewards in real time so they will become a blackhole that grows forever => the amount of liquidity burned will grow forever over time.

Beefy Moonpot:

Did you think that was the last bit of excitement for Based Friday? Just wait, we have some alpha left to share…

Many of you have asked about our MAI pools being added to TombSwap. Well our new partnership with Beefy Moonpot will provide this possibility, plus incentives to drive more liquidity to the pair! More news will come later this week as the team finishes up some final steps.

UI:

We also have a complete revamp of our website UI on its way. It may be happening closer to the release of our new protocols, but we can guarantee that it’s 🔥

— — — — — — — — — — — — — — — — — — — — — — — — — —

There is something the devs are working on soon to create a utility for Based. Something that has to do with Staters, Nfts & may be something more to have fun with… Any guesses?

— — — — — — — — — — — — — — — — — — — — — — — — —

Conclusion:

Our partnership with $TOMB continues to grow stronger, especially with our upcoming addition of MAI pools to TombSwap. We have over $100M TVL, nearly 12k $BSHARE locked in the acropolis, and TWAP has almost entirely remained above 1.1. $TOMB has been flirting with its peg all week and is continuing to see healthy growth. Huge thanks to our community and our team members for another successful week!

Lastly, $TOMB on and Stay $BASED!

Based Finance Obelisk Announcement

Fantastic News! Our audit report is finally ready to be shared with the community. This medium will provide some updates regarding this alongside other news.

History & Context

For context, our developers forked the Tomb Finance code when it was PUBLICLY accessible and as such the code remains the same with regards to all core modules. We have edited the main contracts only to add flexibility and better readability. Furthermore, Obelisk is currently checking the contracts for our long awaited profit distribution feature. Safety is paramount to the team at Based Finance, and as such the public is unable to use this feature at the moment until we have results from the continuing audit.

Code difference comparison of Tomb & Based deployed contracts

We welcome everyone to check the changes we have made to the various relevant contracts of our protocol with respect to tomb’s code. You do not need to be a programmer to verify the changes as the tool below will highlight the changes & most of it is easily understandable. It wont even take 10 minutes to go through all the changes in all of these 4 contracts. We have created direct links with prepopulated contract codes. We would advise you to copy contract code yourselves from the official documentation of both protocols found at the official links.

1. Tomb Masonry vs Based Acropolis contracts https://www.diffchecker.com/acq7j5wt Clearly the only changes here are the naming changes for the protocol & the tokens.
2. Tomb vs Based Treasury contracts https://www.diffchecker.com/N501hTQq There are the obvious name changes, expected tokenomics number changes & we prefer to use block.timestamp instead of now
3. Tomb vs Based Oracle contracts https://www.diffchecker.com/OE6HIpsy Literally one single change where we removed the constructor from being public
4. Tomb vs Based Reward pool contracts (Agora) https://www.diffchecker.com/Xrk8dlTa Usual naming changes in addition to following 2 changes.
    Pools with ids 0 & 1 have minimum allocpoints hard coded.
    Pools with id greater than 2 have deposit fees.
5. Solidity Compiler Version
    Tomb uses solidity compiler v0.6.12 & Based uses v0.8.0. Although ideally newer versions need to be better, in this case the new compiler does not check overflows as the old one did.

Obelisk Audit

Obelisk Audit report for Based Finance contracts can be found at: https://github.com/Tibereum/obelisk-audits/blob/main/Based.pdf

Clarifications on select issues mentioned in Audit

As clarified from the difference check in the earlier section it is clarified that the code remains almost exactly the same as Tomb’s. We have all contracts redone to obelisk standards for future use, thus have a much cleaner tomb fork code in case we need to redeploy.

– High risk issues — Oracle related issues, Profit distribution issues
 Response — Oracle code is the same as from Tomb & works perfectly. We are working with Chainlink for a better Oracle & if that does not work it can be redeployed at any time. Profit distribution has not yet been deployed & changes are still being audited.

– Based Finance has opted against having a timelock. Nevertheless all contracts are renounced except bshareRewardPool and Treasury. The reasons for this are as follows:

Firstly, Based is NOT just a tomb fork, it is an ever-changing space as we constantly have new features and projects coming in the near future. As such, we need to be able to adjust right away to ensure seamless delivery of products for our investors. A Time-Lock would be counterproductive in this scenario.

Secondly, we are still adjusting the expansion rate on treasury and changing how much $BASED is being printed in the Acropolis to satisfy demand. This is the main mechanism to fine tune the printing of based at certain rates. When we are at the optimal printing rate and the final adjustments of our protocol have taken place — the last remaining contracts may be renounced as well.

Reminder: This is just a report from Obelisk to present to our partners/ future partners. The final audit is still yet to be published (It takes time!, especially as they are working on our Profit Distribution contract now.)

Lastly we welcome our investors to take a look at previous Obelisk Audits on other Tomb Forks who share the same code as us. We would also like to point out the fact that the same code with another fork has gotten a 92% safety rating with Certik.

Tomb on and stay Based.

Based Friday March 25th 2022 Update 4

Hello Based Community!

Another week of $BASED remaining healthily above peg. This past week we saw pretty steady green candles for $FTM, $TOMB, $BASED and $BSHARE. Congratulations to our partners at $TOMB who continue to close in on their peg!

Project Milestones for this week:

● Zappers are active

● Audit is finished

● Back in Top 20 FTM protocols by TVL

● Back at 100Mil TVL

● $TOMB-$BASED LP pair launched in TombSwap

Based News

The $BASED-$TOMB pool on TombSwap has gone live and we are incentivizing it by launching a new pool for this pair. We would like to point out the fact that our partners at Tomb Finance will be sharing a portion of the fees with us for ALL our LP pairs. So we would recommend the community to prefer using our pools at TombSwap.

We received our Obelisk audit last week and are working on an extensive Medium article stepping through the audit. More on this in the upcoming week.

The WhatTheFork group has begun comparing forks of the Tomb Finance project with the original code base (not a formal audit, but good for highlighting changes that may be potential security threats). We are already listed for a code analysis from WhatTheFork.

Sticker Competition Winners

This one was really tough, we kind of loved almost all of them. We recognize that there is some real talent hidden among our community.

Here are the 3 winners of the competition:

1. Pandybear (Discord)
2. Frostmourne (Discord)
3. Sashania(discord) tied with
4. Arisa (Discord)

Conclusion

Our projects’ relationship with our partner Tomb Finance continues to get stronger as we move forward. We now have two of our primary pools on TombSwap ($BASED-$MAI added last week, now $BASED-$TOMB as well), and we are working on strengthening the relationship further. We do not want to spoil the fun, expect something special from us this week.

Today we have more than 10k $BSHARE staked in the acropolis & 100Mil in TVL. $TOMB has nearly recovered their peg and we remain healthily above, thanks in part to both our partnership and the awesome community supporting both of these projects.

So, $TOMB on and Stay $BASED!

Based Friday March 18th 2022 Update 3

Hello Based Community!

Welcome to our THIRD weekly news event: #BASEDFRIDAY.

This was an exciting past week, we continued to stay above peg and hit several key milestones including launching a new Agora farm using TombSwap Based-Mai pair. We are very excited about this as it is the first stable pair for $BASED, allowing for people to take profit through $MAI without selling into $TOMB and thus not hurting the peg. We have already hit a TVL of over $2.5M in this pool alone. We have also seen an amazing recovery for $FTM this past week as well as our partners $TOMB, who have nearly recovered peg.

Recently, we’ve hit some awesome milestones as a protocol:

• Reached 150 epochs
• Our TVL is back above $50M & Treasury is above $2M
• 8.5K $BSHARE locked in Acro
• $BASED expansion has reduced from 2% > 1.5%
• Based-Mai LP pool added
• Harry highlighting us on CryptoBanter (https://youtu.be/JBLpt6pgCGI?t=2561)
• Based Vaults on Autofarm (https://twitter.com/autofarmnetwork/status/1502188354993287170)
• Also we had our Short term roadmap out

And now for the news:

Launch Zappers

The ability to zap into our LP pairs is here! Contracts are audited and safe, just finishing up some final testing and ensuring all works as expected. You should be able to see them in action within a few days.

Launch Final Audit

Our final audit from Obelisk is ready. We will be able to share it around Monday.

Based-Mai LP Alloc Points Reallocation

This week we launched our new $BASED-$MAI stable LP and have reallocated some of the rewards from the $BASED-$BSHARE LP pool. We have decided not to retire the $BASED-$BSHARE pool but to let it continue with a lower rewards allocation. Currently it has 1.5% daily APR & will continue so for the near future. We have increased the APR for the $BASED-$MAI pair to 2.8% daily which is higher than all the other pools.

Unlike our other LP farms, this pair is made through TombSwap, and as a result $TOMB directly benefits from fees on the swap & shares some of it with us. Larger trade volume on this pool is great for $TOMB which in turn is great for $BASED.

We want to emphasize that this LP has some pretty amazing power to support our peg. Now when you want to take some profits, instead of going $BASED > $TOMB > $USDC (which hurts our peg), you can swap $BASED for $MAI directly (not impacting the peg).

Details of Profit-Sharing

Our upcoming profit-sharing feature is nearly ready for launch! The Treasury department has been hard at work sourcing the best yields and investments for our funds. As a result, a substantial amount of profit has been generated through the treasurys’ endeavors.

A few of the initially available rewards include:
 Solid, Sex, Tshare, and Tomb. Stakers in this new pool will be eligible to receive all the rewards at the same time.

Some more facts about our new feature;

• The first profit distribution pool will be receipt tokens acquired from users staking $BASED-TOMB lp on beefy. Investors will be able to earn auto compounding rewards while also receiving a percentage of revenue generated by the Treasury.
• Deposit fees: 1% will be burned!
• Decaying withdrawal fees: 7% gradually reduced to 0% in 7 days to encourage people to lock in their assets for longer.
• $BSHARE boost — The liquidity pool will feature boosted rewards via additional $BSHARE given to bootstrap the initial deposit. The result is an even larger APR for the first few days of launch and unloyal stakers who withdraw after the boost will have to pay the decaying withdrawal fees which will increase the amount of $BASED burnt.

Competition Result

And finally, we would like to announce the results of the YouTube competition we posted this past week. Thank you all who submitted for supporting the project through your content.

Congratulations to: Arisa (https://www.youtube.com/watch?v=nWfVZs8HfKI) and Kip @CryptoCareC (https://www.youtube.com/watch?v=Jg0tawr-nnA). As per the rules of the submission you will need to provide proof of investing in $BASED at some point since launch.

We would like to take this opportunity to extend our thanks to our Based Community & the Tomb Finance team including Harry Yeh, Vinh Q. Vuong, and all the moderators from Tomb who have been supporting us throughout this journey.

Lastly, $TOMB on and Stay $BASED!

Based Friday March 11th 2022 Update 2

Hello Based Community!

Welcome to our SECOND weekly news event: #BASEDFRIDAY.

In light of the recent events that happened within the DeFi developer space, we wanted to reassure our community: We are here to stay. Our partnership with Tomb continues to grow. We take extreme pride in our developments and are building everyday. We’re thrilled to be contributing to the robust DeFi ecosystem while it begins to spread its wings into new heights. We wish Andre Cronje all the best. We have no intentions to be anywhere besides right here with you all, building. We have some awesome things planned. We’re working to build a truly amazing and reliable suite of tools to allow for yield generation and other awesome innovations. We appreciate your patience and support while we work our way through these developments. We would be nothing without you, our Based Community!

Recently, we’ve recently hit some awesome milestones as a protocol:

• ● Completed 100 epochs
• ● $BASED reached peg, went below peg, and recovered
• ● Some BONDs were bought via contract as UI had minor issues
• ● Bond page UI issue was fixed & BONDs were redeemed
• ● Based went live on Tarot Requiem

With little surprise, Based’s peg has remained very stable. Although it has only been a month, we’re excited to be closer to the actual peg. This will allow for a more stable yield generating experience from here on out as well as allow for us to open up more partnerships and functionalities for BASED + BSHARE!

Now for the news:

We have many partnerships that are either live or going to be soon!

TombSwap LPs:

The partnership between Based Finance and Tomb Finance is heating up! TOMB and BASED are finalizing LPs with rewards to stake that will be launched soon. We are collaborating closely and testing these LPs and once they are ready, we will announce them with a launch date. This will be coming very soon!

Based on Solidly/Solidex/OxD:

Based-Tomb LP will now be available on Solidly! Solidex functions as the UI, while the backend smart contracts are Solidly. Thanks to our partner Tomb Finance, we’re looking to get these pools incentivized.

Tarot Lending/Borrowing:

Tarot is a decentralized lending/borrowing protocol that allows you to leverage your LP position. With this, you will be able to use your BASED in even more unique ways to increase your yield exposure.

Zap-In Contracts:

Although we ran into some bumps and had to delay the use of Zap-In contracts, we’re excited to be finally bringing them to you guys. We’re making sure these are 100% safe and functional before going live and are under audit review currently. They’re being rigorously tested right now and will be live shortly!

Roadmap:

We know all of you have been eagerly waiting to know what is brewing behind the scenes. We would like to share a sneak peek into our roadmap tomorrow once Hephaestus works his magic.

Introducing BASED FINANCE’s YouTube competition:

RULES:

• Video must be about Based Finance, content could include: why one should invest in based, explanations of all functions, your experience with the based community/team (can say what you want as long as it is about Based Finance)
• Video must be at LEAST 3 minutes (180 seconds) long
• You cannot bot views/comments, our team will disqualify you immediately
• Videos must be in ENGLISH only

HOW THE WINNERS WILL BE DECIDED:

• Chads and Core Team will vote on the TWO best videos produced by the community
• Views, Likes, Comment count is not too relevant — although if there is significant REAL engagement with your video, this will help
• You may post your links in the ‘Youtube Content’ channel in the Based Finance discord server.

TIME FRAME:

• 6 DAYS From this announcement — Winners will be announced in next weeks Based Friday (18th March)

PRIZES:

• 4K$ USDC & 500 $BASED for EACH Winner ( 2 WINNERS TOTAL )

Disclaimer: users must have invested in Based at some point since launch — we will require proof.

The winners for the previous giveaway are being contacted right now for verification. We will be launching a fresh community content initiative soon, please await more details.

We would like to take this opportunity to extend our thanks to our Based Community & the Tomb Finance team including Harry Yeh, Vinh Q. Vuong, and all the moderators from Tomb who have been supporting us throughout this journey.

Lastly, $TOMB on and Stay $BASED!

Based Friday March 4th 2022 Update 1

Hello Based Community!

Welcome to our FIRST weekly news event: #BASEDFRIDAY. Before we begin, we wish to acknowledge the ongoing war in Ukraine, and the millions of people affected by the war. Based understands how difficult this time is as many of our $CHADS are located in the conflicting countries. Our thoughts and prayers are with all of you.

The Fantom ecosystem has been extremely welcoming. We’ve had the privilege of making some great connections that have allowed for many awesome developments for our platform. As much as we want to say more, we can’t reveal all just yet. We’re hard at work building and we can assure you — all that is coming will be worth the wait! Building something safe, secure, and optimal takes time to iron out.

We are so thrilled to see the overwhelming support from the community in our recent partnership with Tomb Finance. The traction we’ve managed to gain since day one is absolutely astonishing; we’re very grateful for you all. We will continue to push forward into new and unique opportunities for our community to earn yield in the DeFi space. The team wants to reiterate — we’re still just getting started.

A short RECAP

Over the past month we have achieved the following milestones:

● KYC with Assure DeFi
● Phase 3 Audit from Obelisk
● Listed on CG and CMC in record time
● Attracted 100 Million TVL on FTM
● Whitelisted & tracked on SpookySwap, ApeBoard, Debank & DefiLlama
● Remained #1 Yield Generator on entire Defi on DefiYield.App for a week

● Entered Top 25 DeFi protocol on FTM as per DefiLlama

● Auto compounders on YieldWolf, Beluga, GrimFinance & Matrix

● Launched innovative Curve pools

● Above all, partnered with the TOMB FINANCE & Harry Yeh

●Tomb Finance & Harry are now a MultiSig on our Treasury.

Partnership with Tomb Finance

Regarding our recent partnership with Tomb Finance, we will soon be releasing more information on our LPs on TombSwap. These pools are going to provide a whole new opportunity for our investors to earn yield by utilizing Tomb Finance’s official DEX. Since its inception, Tomb Finance has been allowing its users to benefit from their high yields. It’s a platform with incredible power in the Fantom ecosystem. Each and every BASED holder contributes to that power officially now. We are also contributing to the greater Tomb ecosystem by supporting the TOMB token and building new use cases for TOMB & BASED.

Announcements:

1. Zap contracts

Our Zap contracts are currently being audited thus Zap should be available very soon. Phase 3 of the audit ended with only minor issues to fix. Athena & Calypso have already made these corrections, hence we are expecting a final result within a few days.

2. BEEFY vaults!

We’re extremely proud to announce that our vaults went LIVE on Beefy Finance today at 14:00 UTC! Our boosted vault will be going live today at 20:00 UTC and the BASED community will be able to utilize one of the most widely known and trusted platforms for earning yield on the majority of our liquidity pools! Beefy partnership will also open up innovative integration of pools. More info on this will be coming later.

BASED is Based isn’t it? 👀$BASED – $TOMB: 🔥 APY, 3.8% Daily 🚀$BSHARE – $FTM: 🔥 APY, 4.4% Daily 🚀

Later today, $beFTM Boost with $BSHARE

Beefy Launchpool ❤️ @BasedFinance_io @tombfinance pic.twitter.com/TC3BBzP6NV

— Beefy (@beefyfinance) March 4, 2022

3. New feature!

A new feature is being developed to bring more utility for $BASED. This will bring organic earnings to our platform and further set us apart from other Tomb forks. Stay tuned for the reveal.

P.S- see if you can figure it out from the infographic

Acknowledgement

We would take this opportunity to extend our thanks to the Tomb Finance team including Harry Yeh, Vinh Q. Vuong, and all the moderators from Tomb who have been supporting us throughout this journey. Special thanks to some members of our community, who have taken

the extra step by creating initiatives for our platform. We also express our gratitude to the multiple FTM community protocols who have trusted us enough to use our protocol to release features incorporating $BASED and $BSHARE, especially Pod Town, Matrix Farm, and Summit Defi.

Lastly, $TOMB on and Stay $BASED!

BASED x TOMB Partnership

Based Finance has seen unprecedented growth and community support since our recent launch on the Fantom network. Our team has held many comprehensive discussions on the future of our platform due to this recent success. Our $BASED token, the first algorithmic token pegged to $TOMB, has seen overwhelming support — from not only the Fantom ecosystem, but the Tomb Finance ecosystem itself. After extensive conversation between both teams, communities, and various leaders across the ecosystem; BASED Finance is extremely proud to announce an official partnership with Tomb Finance. We created this project with the direct intent of supporting TOMB and the ecosystem their team is building. Within three short weeks of launching our platform, we’ve managed to do just that. We couldn’t have done this without you all, the BASED community.

We also thank you the TOMB community for your support and looking forward to both our communities working together. We’re working really hard to build innovative new ideas surrounding our platform. This is just the beginning for BASED Finance. This partnership is going to facilitate our development in even more ways than originally planned. $TOMB and $BASED will disclose more details of our partnership along with new LPs between our two tokens and more in the coming weeks.

To learn more about our partner, please visit: https://tomb.com/ and https://docs.tomb.finance/

BASED INNOVATION #2: double-yield tricrypto pool

BASED INNOVATION #2: double-yield tricrypto pool

Triple yield Curve-Geist stablecoin pool was an outstanding success of $BASED. The pool attracted 18m$ of capital and even now is earning an impressive yield of 7%(Geist and curve) and 86% from $BSHARE rewards with a total of 93% APR. Most of the whales in the pool have LP positions for our native tokens $BASED and $BSHARE as we have predicted.

Our second pool integration will be Curve’s tricrypto pool, with BTC, ETH, and USDT as liquidity.

This bluechip pool is earning about 20% APR rewards provided by Curve. We will integrate a pool of their receipt tokens the same way as Triple-yield curve-Geist pool, allowing investors to earn $BSHARE rewards yields on top of the high 20% Curve gives.

For reasons why adding 500-iq bluechip pools could help our protocol, please re-read our article for Curve Geist pool here:

https://medium.com/@basedfinance/based-innovation-1-triple-yield-stable-coin-pool-geist-curve-and-based-8103b07e3577

Based Moving Forward: Accountability, Future Plans, Expansion

Based community! We’re thrilled to finally have our project up and running at max capacity. Things are all running smoothly and there’s no lack of based investors and DeFi enthusiasts joining our community. Our engagement is growing across all platforms and the team is really excited to keep pushing forward. We’ve had a lot of success so far in this short period of time and we expect to continue capitalizing off of that fact.

Did we say max capacity? Oh, sorry, let me correct that. We’re nowhere near max capacity. We’re about to ramp up our development to a whole new level. We have recently been approached by large investors, with a particular someone thinking that our idea of $TOMB peg is pretty clever. 😉

We’re gearing up for some serious expansion, we’re in the process of some extremely innovative new practices and hope to find a unique spot in the Fantom ecosystem. Although we’re a fork of Tomb Finance, we’re focusing on making our protocol into an ingenious and original project — with a focus on breaking new ground and cutting-edge smart-contract development to bring a new wave of euphoria and based energy to the Fantom ecosystem as a whole. We’re so excited to have you guys all here with us, and we hope that we can continue to garner support in every way, shape, and form for Based Finance.

We’ve been in contact with multiple different sources, pursuing next-level partnerships and seriously based community incentives. We’re not going anywhere, and we want to make it known to the Fantom ecosystem as a whole that that’s a fact. Stay tuned, and stay based. We’re not going to get ahead of ourselves, nor release any premature information to our community, just know we have some big (based) things going on behind closed doors. Here’s a message regarding a couple things that you can expect from us in the near future: (not in any particular order)

1. KYC and Audit:

KYC and official audits will increase our protocol’s credibility, bringing more people to invest time and money into Based Finance’s current and future products. These products, like triple-yield stablecoin pools and other implementations of blue-chip protocols, will attract different kinds of investors to our platform and bring a new level of value to our suite.

2. Complete All Our Listings:

We’re in contact with many high-level firms, DeFi tracking platforms and communities across the space. You have seen this with our listings on CoinGecko, CoinMarketCap, DefiLlama, etc. We are currently waiting for DeBank approval. Please take some time to vote for us at: https://debank.com/vote/11439

3. Add More Innovative Pools to Earn $BSHARE

If you liked our implementation of the triple-yield stablecoin pool earning yields from BSHARE with a blue-chip protocol like Curve, you will be very interested to see our future pools with more features and special integrations from other platforms in the near future. We’re looking forward to creating extra value and opportunities of increased yield in the Fantom ecosystem.

4. Potential partnerships with other Tomb-based platforms

We are currently in contact with other Tomb-forks to see about even more opportunities to earn yield on your Based Finance tokens. You may be able to gain exposure to other platforms that we see fit without having to swap your funds in and out of our tokens.

5. Adding More Auto-Compounding Vaults and LP Staking Support

We’re in contact with multiple more platforms, including high-level ones, to provide our users with nearly any experience they desire in the Fantom ecosystem. Our goal is to be supported by every vault platform on the network so that users have the opportunity to stake their funds on their favorite platforms.

6. Onboarding New Developers to Our Team

Our vision is to build an extremely broad and expansive platform to provide users of the Fantom ecosystem with a large suite of Based products. We have a ton of things planned and big ideas that we’re going to need more minds and manpower for, so we’re beginning to expand the team. If you or someone you know is looking for freelance solidity work, feel free to contact the team on Discord or Telegram.

7. Expanding $BASED & $BSHARE Utility

As a group of experienced DeFi enthusiasts ourselves, we are constantly brainstorming new ideas of utility and ways to create increased value for our products. We really look forward to sharing some of these utilities with our community in the coming days-weeks.

8. Community Incentives + Marketing Push

It can be really hard to stand out in the DeFi space, especially when you’re generalized as “just another fork” of a bluechip protocol. We’re pushing really hard to find new and original ways to give back to our community to incentivize new people and money to flow into our platform. We’re going to be giving back to our community in ways that not many platforms would consider. We owe it all to you guys because of all the funds we have been able to raise through our genesis/curve deposit fees and appreciation of treasury assets. We’re going to make it known that our community is very important to us and make the time of those who are actively contributing very well rewarded.

Lastly, Thank You All.

We’ve never been more excited to be apart of something like this. We wouldn’t be here without you guys, the Based Community. We are going to continue to push forward regardless of what happens in the near term and hope that those who see our vision decide to stick with us until we’ve built something that is unique, innovative, and stands the test of time. We appreciate each and every one of you and are excited to continue building an army of Chad’s in our discord to give back in very magnificent ways to those who have contributed most to helping build up our platform and social arena into something remarkable. Stay tuned, and Stay Based.

-The Team at Based Finance

$BASED innovation 1: Triple-yield stable coin pool($GEIST, $CURVE, and $BASED)

Our latest innovation from typical $TOMB forks is the introduction of a triple-yield stables pool that earns $BSHARE. Investors can deposit their receipt tokens from the $GEIST stable pool from ftm.curve.fi to earn $BSHARE on top of the yields from $GEIST and $CURVE.

1. Triple yield:

Curve Finance has proven to be one of the safest protocols in DEFI. On Fantom, Curve’s Geist stable pool is earning double yields; trading fees from Geist and curve rewards.

Curve’s receipt tokens for their pool are considered yield-bearing assets, meaning they accrue value in real time as rewards are paid out. With another pool from $BASED, investors can deposit their yield-bearing receipt tokens to earn $BSHARE rewards on top of the rewards from Curve and Geist.

2. Will this pool dilute the $BSHARE rewards of $BASED-$TOMB and $BSHARE-$FTM holders?

Yes, a little, we have decided to reduce some of our own team allocations of $BSHARE rewards and only a small part from LPs for this new stable pool. But native LPs are still earning 90% the amount as before so rewards for native holders are not too diluted!

3. How much is the APR for this pool?

We will only allocate around 5% of $BSHARE rewards to this pool. It will have quite high yield at first but we expect it to go down dramatically to a consistent 30–100% apr as investors deposit their stable tokens. This is a long term yield, ideal for slow but stable gains. And don’t forget you are also earning the rewards from Geist and Curve at the same time!

4. Stacking more DAO funds:

Genesis was a huge success with over 100k in DAO wallet. With this pool, team will collect 0.2% deposit fees for DAO wallet. We believe that 0.2% is a reasonable price for the first long-term Triple-yield stable pool!

5. Blowing up DEFI

Our pool will bring traditional DEFI investors to our protocol with our triple yield stable pool. Currently, $TOMB forks mostly attract $TOMB investors or other degen players. We believe that this pool will attract a lot of different investors alongside regular DEFI participants into our protocol. As they deposit in our stable pool, they will learn about $BASED, about $BSHARE and especially about our BASED team. We are confident the influx of new people will also mean an increase in investments to $BASED and $BSHARE

6. Final numbers for $BSHARE rewards:

Stake your LP to earn $BSHARE tokens

$BASED-$TOMB LP: 21500 $BSHARE
$BSHARE-$FTM LP: 21000 $BSHARE
CURVE STABLES LP( OR GEIST STABLES LP):3000 
$BSHARE TEAM: 4500 tokens vested over 5.5 months.

Max Supply: 50000 $BSHARE

Clarification on the code: Comparing the differences to $TOMB

1. Why change this: if (block.timestamp < poolEndTime + 90 days) {
to 3 days??

We changed it to test during our testing phase and forgot to change back. What this means is that owner can remove funds from genesis 3 days after genesis ends. This is still safu since you will have 3 days to remove your funds from our genesis before we have the ability to take your money so unless you forget about your funds for 5 days from now, we cannot take your funds.

We will be renouncing this contract after pool ends so we can make sure we cannot rug too.

2. 0.5% Deposit fees

Our code has a function to claim the 0.5% deposit fees and send straight to treasury wallet to accrue funds in real time.

3. Why did you renounce $BASED contract to the treasury contract and not to null address 0x000000?

Treasury contract mints $BASED to distribute to $BSHARE stakers in Acropolis. So we gave treasury the operator right to the contract.

We were rushing to renounce ownership so we accidentally renounced the Treasury contract as well. This is our fault but rest assured that no one, no dev can use any function in the Treasury contract to mint and dump on you. Funds are safu and we are 100% rug free!

$BASED Launch Procedure

Hi guys so here are the launch procedures for tomorrow:

1.Please make sure you have read our docs at https://based-finance.gitbook.io/basedfinanceio/ and medium at https://medium.com/@basedfinance to learn about out protocols

2.Liquidity will be stealth added from 12pm — 17pm UTC. 5000 BASED — 5000 TOMB will be added. The liquidity tokens will be sent equally to 12 team members. They can stake, they can farm, they can burn or whatever. But they can never break these LP’s until at least we reach 200k supply for $BASED.

TEAM WALLETS CAN BE TRACKED HERE:

0x387dfB7Fca2606AcaacD769Fb59803F6539C8269
0x76bfCd12502990cB01BFA134338E5c5bDC0F414e
0x6Fd0C2F6ceF3B83c2a463D561739d6F7cA9CF809
0x39bb82e080e8a1b0895ab74b20a737498c56c18e
0x702bf114D3e80c98694389749D42Ff645f0b6128
0x99Af40c84De03e4dc27A3882309bD2cB67434403
0xF1b86a431f6c990fB37D57866Bdc7ebD2F151E72
0x65768E988006E0Be65C6D6aB378a6d7509c6cF40
0x4a78d38ccaecf3be5644d63370091356805953c0
0xC0Ad1703d2062Fb32db92Cb31492bd41220D16D1
0x386b5ab400a0546dB9C8831E5B0E6c1A77bE3885
0x084D4ba0a80bD5D35A0Eb6c47B417fc60cb351d0
 
If you find who dumps, let us know we will petrify them. 
 
Multisig treasury wallet: 0xA0e0F462d66De459711BC721cE1fdCC3D9405831
 
3.Genesis contract will be deployed and verified with added pools, investors can go find our rug code. Good luck on finding that!

4.Distribute rewards to genesis contracts and renounce $BASED token contract, we can’t mint and dump on you anymore!

5.Link our contracts to our website and deploy it at https://basedfinance.io/ for you guys to begin staking your funds.

6.Enjoy the start of genesis pools at 8pm UTC. Other contracts will be deployed and verified during the 48 hours run of genesis pools.

$BASED Team Introduction

Introducing ‘Hercules’ — Head Moderator

Hercules was first introduced to cryptocurrency via GPU mining in late 2020. Not satisfied by meagre gains, he branched out into the ever-expanding world of DeFi and became a degen in 2021. It wasn’t simply a fairytale story though as he suffered huge losses, exploits and rugpulls in BSC. But Hercules managed to come back and return stronger than ever, profiting large in OHM season, and the current Tomb season. As per the name, Hercules will be a strong figure throughout the community. He will be more than willing to answer questions one may have, organizing games and competitions for the community. But be warned, it is his utmost priority to keep the discord a safe haven for all its users, poor behavior will not be tolerated!

Introducing ‘Anesia’ Project manager/Tokenomics Wizard

An first saw Bitcoin at 46k in late January of 2021. Initially he believed he was too late to invest, but after stumbling into DeFi he realized how much more there was to cryptocurrency. Not only did he survive the May crash after inevitably buying the top, the wizard made a fortune through DeFi. One of his notorious wins was the Kurt Cobain led ‘PWAC’ farm. An theorized a method to consistently profit off this farm, eventually amassing a 5 figure profit from a 3 figure investment. Since then, Anesia has exponentially grown in both knowledge and net worth. Now he would like to give back to the community by sharing his vast knowledge on tokenomics and protocol design; he will be our $BASED Tokenomics Wizard!

Kratos- Lead Advisor

Kratos has been in crypto from 2017 & has experienced the ICO craze as well as the dreaded bear market. Coupled with his extensive game development experience, he will be assisting the team with game theory, gamification & future Play to Earn projects on the $BASED platform. A true veteran of the game, his experience will be a key factor in making the protocol successful.

Introducing ‘Helios’ — Community Manager

Helios first joined the crypto scene in August of 2021. At the time Polygon was booming with reputable projects. Sadly that hype was short lived as the quality started declining and more rugs occurring. His experience in Defi has allowed him to dabble into all sorts of projects from (degen farms, shitcoins, ohm forks, tomb forks, etc), eventually garnering major success through the Ohm fork “season. As an investor for these projects Helios was not always satisfied with how developers treated their investors. To him, transparency is the key factor for a successful project. He will be assisting Aphrodite in marketing while also being a direct contact for investors. Any queries or proposals should be made directly to Helios.

Introducing ‘Zeus’ — The Professor

Zeus discovered crypto whilst browsing Reddit in late 2019. Fascinated by the technology, he delved deeper and eventually became a ‘holder’ of numerous projects. However, he noticed a few posts would often go unnoticed, those on the topic of DeFi. Entranced by the potential for tenfold gains, he became a farmer during the DeFi summer of 2021. Zeus started off well, but eventually lost all his gains following a sequence of rugs and poor plays. Back down to 3 figures, he did not quit, instead using his newfound expertise to prosper and now sits comfortably over the 7 figure mark. As an English Major, Zeus will be in charge of all documents and articles published, while also being a figurehead of the discord community alongside Hercules.

Introducing ‘Aphrodite’- Marketing Lead

Aphrodite joined crypto in May 2019 and had a consistently successful journey in DeFi stemming from Yield farms to OHM forks, and now present day Tomb forks. Throughout her time as a degen, she often spent her days chatting within the various communities and analyzing the factors which made projects do well. With her strong resume as a Marketing Manager (we cannot reveal exactly where due to privacy concerns) and her extensive research done over the years, Aphrodite will ensure that there is a consistent stream of new investors whilst meeting all of the communities needs.

Introducing ‘Hephaestus’- Lead Designer

Hephaestus has been in the arts and design industry for over 5 years, from hand drawn illustrations and digital arts. Joined the crypto world in 2021 from a friend’s recommendation to work on several projects, he has joined this project as the lead designer for the web and marketing materials to ensure you have a pleasant experience through Defi.

Documents: https://based-finance.gitbook.io/basedfinance/
Website: https://basedfinance.io/
Join our Discord: https://t.co/B84JkGBNY4
Join our Telegram: https://t.me/BasedFinanceio
Join our Twitter: https://twitter.com/BasedFinance_io

Based Finance : Safety Measures

$BASED, the unruggable platform.

Over the past few weeks, many of our team members have unfortunately been rugged by numerous Tomb Forks consisting of Shovel finance, Frozen, Casper, etc.. and before that a large majority of us fell victim to major OHM rugs. As a result of this, we want to create a safe environment for investors to use their hard earned gains without the looming fear of being exploited. Thus, we are going to implement the following features to effectively reduce the rug-risk to a negligible amount:

•Liquidity lock

Tomb forks rely heavily on user-provided liquidity so the possibility of a soft-rug is small. However, we are still going to lock a percentage of our initial liquidity users’ peace of mind. We will send tokens to a dead address which will be visible to the community.
Liquidity distribution
Instead of allocating $BASED tokens straight to our teams, we are going to be distributing lp tokens instead. The lp distribution transaction will be provided to the public and uploaded onto our social media sites and in the relevant documents section.

•Renounce token contract

Tomb forks are infamous for devs minting thousands tokens and dumping on users (since a liquidity rug is not really possible, so they mint and dump). To counteract this, our team has decided to mint all tokens at once and place them in the farm contracts. After that we will completely renounce the token contract, therefore being unable to mint any more tokens. Funds are SAFU!

•KYC

‘‘Know Your Consumer’ (KYC) is yet another security protocol we will be undertaking. We have chosen KYC to Assure Defi as their proven track record and thorough process will provide reassurance to our investors. By KYC’ing the head developer of Based Finance, this protects the consumer against possible rug attempts as if this were to happen, our team would be ‘doxxed’ to the public.

As a large and successful team, we have no reason to take your money. We have spent tremendous amounts of time and effort to build this protocol so rugging would be inconsequential. Our primary objective is to give back to the community who made us what we are today!

Welcome to $BASED

1. What is $BASED and why FTM and TOMB?

$BASED is an algorithmic token pegged to $TOMB. The protocol’s underlying mechanism dynamically adjusts $BASED supply, pushing its price up or down relative to the price of $TOMB. Based finance is a multi-token protocol which consists of the following three tokens:
-BASED ($BASED).
-BASED Shares ($BSHARE)
-BASED Bonds ($BBOND)

We are not a traditional fork of $TOMB. Following recent rugs from protocols such as: Frozen Finance, Shovel, Casper, etc.. and the low effort, copy-paste forks which, due to their poor tokenomics and lack of fundementals are plaguing the market, we believe that we have created something completely revolutionary. This has been done by merging the successful existing seigniorage algorithms with our enhanced tokenomics and launch procedure, as well as multiple use cases for our main token $BASED.

2. Pegged to TOMB

TOMB is the original seigniorage system that has been successfully running for months. As such, we want to support their protocol by pegging $BASED to $TOMB, henceforth providing new use cases for $TOMB, as well as increasing $TOMB’s liquidity on the Fantom ecosystem. Consequently, exposing ourselves to $TOMB also means exposing us to its recent success. As a strong $TOMB supporter, we can attract investors that originated from $TOMB, by providing space for their $TOMB lp’s in Based Finance. Furthermore, endorsements from key figures in the community such as Harry Yeh or FTMalerts will push our success even further. Yes, $TOMB is $BASED and $BASED is $TOMB

3. Launching on FTM

The $BASED algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Opera network. Following the recent hype on FTM with Daniele and Andre Cronje Launching ve(3,3) (a protocol aimed at supporting upcoming DApp’s in the ecosystem), we believe that now is the perfect time to launch. That being said, we are not simply borrowing this hype to bootstrap our protocol, we aim to become at least a Top 20 player and will ensure that the Fantom Network keeps thriving.

4. Simply not a Tomb Fork?

As our team consists of successful investors in DeFi, we understand that Tomb’s success was hard fought as they originally faced major setbacks. Still, there were 2 main reasons why they ultimately succeeded. 
Harry Yeh’s continuous backing and development on TOMB’s use cases. The majority of Tomb forks currently active may seem as if they are doing well due to their ponzi APRs, but this is not sustainable as incoming capital will be outweighed by inflation if use cases are not being introduced. A good effort to stop this inevitable outcome is 2omb finance’s implementation of more LPs options as well as partnership with Beefy and their future launch of 3omb.

However, Based Finance’s use cases will greatly outshine any others that you have seen! Firstly, we are building a launchpad for our first supporting meme token, $CHAD. $CHAD will have a liquidity pair with $BASED, meaning that you need to Hold $BASED to purchase $CHAD. Furthermore, it shall be a reflection token following a DeFi 3.0 model, emitting rewards such as: $TOMB, $BOO, $SPIRIT, $HEC, $SPA, $BEET, $ATLAS, $KEK, $BSGG, etc. We are also planning on implementing a new bonding system that brings us protocol-owned liquidity. Disclaimer, we will not simply fork OHM as we believe the market is already saturated with OHM features. We are going to build a completely new mechanism, which will come out in the next month(s) if our protocol succeeds. All the new protocols will have $BASED as liquidity and will require $BASED to participate in the presale or trading, immensely improving $BASED utility. More info on use cases will be provided in future articles and updates!

Stay $BASED