Based Finance Announcements!
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The official announcement channel for Based Finance!

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πŸ“£ QUICK UPDATE πŸ“£

We will notify community in both TG and Based Labs Discord immediately once we have decided on optimal $BASED and $BSHARE LP rewards. We are carefully considering multiple options at this time.

πŸ› Stay BASED πŸ›
πŸ“£ BASED FINANCE UPDATES πŸ“£

Some Quick Updates before the Omni rollouts:

TAX FREE

$BASED and $BSHARES are now Tax free for the next 90 days. This will help promote volume and lower barrier of entry to newcomers.

SPOOOOKY

-$BASED and $BSHARES liquidity has been added to Spooky Concentrated Liquidity DEX (CL-UNIV3). We appreciate anyone else adding liquidity to the range as total liq almost doubled in the last few days.

SOON

Major Updates are gonna be out SOOOON


πŸ› Stay BASED πŸ›
πŸ“£  BASED FINANCE UPDATE  πŸ“£

Most requested matters

DEADPOOL REWARDS

$BASED and $BSHARE liquidity pool staking incentives has been relaunched with FTM rewards due to overwhelming community requests. $BBOND single staking is being resumed aswell

We are continuing to work on automated real yield rewards for v1 tokens. This will essentially be revenue share of real yield earned by protocol owned automation tools that run in the background of Fantom Opera ( and Soon Sonic)

Pools will start emitting at Wednesday 1800 UTC (6pm)

MOAR POOLS?

In our effort to continue to support fantom ecosystem, we are building out a suite of public goods. Mostly carved out of our vast in-house codebase, but with easy to use UI for OGs and newbies alike.

Some teasers including screenshots has been shared with CHADS 😏

As a precursor to the public good roll out we are starting out with Staking pools for Projects launched/maintained by Based OGs.

Some clues can be found in chats.

SOON

Major Updates are gonna be out SOOOON


πŸ›   Stay BASED   πŸ›
πŸ› Fortify your $OBOL positions in readiness #BASED SoldiersπŸ›

We extend our invitation to embark on a journey throughout the realms of Gods. Seize your opportunity by upgrading your Prometheus Origins to that of a Traveler, and then ascend to the rank of Emperor. He who reigns the Fantom Realm.

Note that allocations will not be evenly split so choose your strategy wisely. Allocations will be split into Prometheus Origins, Fantom Emperor, Polygon Emperor Footprint, AVAX Emperor Footprint, ZkSync Emperor Footprint, BASE Emperor Footprint + More chains to come πŸ‘€

STAY $BASED
πŸ“£  BASED NEXT GEN UPDATE  πŸ“£

Emperor update Timelock has been activated.

Upgrades to start in 21h and 16m from this announcement

Check the timer at

https://basedfinance.io/earn


πŸ›   Stay $BASED and $SMELT $OBOL πŸ›
πŸ“£  BASED LABs x SonicX Strategic Partnership  πŸ“£

The fastest telegram trading bot on Fantom now supports Based DEX with Revenue Share for $BASED Labs.

Try it here and buy all ecosystem tokens seamlessly:

https://t.me/sonicx_trading_bot?start=BASEDLABS

Xbot automatically seeks out the largest source of liquidity and Based Labs Arbitrage Mechanism will balance the LPs, thereby acting like an Liquidity Aggregator between Based Dex and Spooky

$SONICX has also been shortlisted for partner staking pools

Disclaimer: Telegram bots are subjected to external risks. Trade with caution and never send your entire portfolio. Maintain operational security and send funds off the Bot when done trading.

πŸ›   Stay $BASED and $SMELT $OBOL πŸ›
πŸ› Not all protocols are created $EQUAL πŸ›

We excited to announce our Strategic Partnership with Fantom's Largest ve(3,3) protocol EQUALIZER

Earn

You can soon single stake $Equal to earn launched tokens on $BASED.

Launch
Equal's dex has also been integrated as a primary dex for token liquidity. WIth a single click it will be possible to choose Equal and add the liquidity there for the token launches.

Lock
A revolutionary custom locker will be put in place which allows locked liquidity to be staked in gauge and get the ve(3,3) flywheel going even with locked liquidity. This has not been possible thus far


We are very happy with the extended level of cooperation we have received from EQUAL team and look forward to a bright future ahead.

https://x.com/i/status/1795561685673021499


Stay $BASED
πŸ› Token Deployer is LIVE! πŸ›

πŸ”— https://launcher.basedfinance.io/token

πŸ§ͺ No Code
πŸ§ͺ No Bonding Curve
πŸ§ͺ Single Stake to Farm Launched Memes
πŸ§ͺ Choose your DEX & Lock Duration or SCC

Stay BASED & SMELT OBOL
πŸ›BASED LAUNCHER v2 

After successful launch of $SKITTY and $TANGO on our launcher, we listened to the feedback from Fantom community and protocols and developed new features to help propel Opera and Sonic,

We are excited to announce the launch of v2 of our Launcher. Here are the updated features

Liquidity Bootstrapping Module (LBM)

Gone are the days of "send to wallet" presales and manual airdrops. Our Presale modules handles:

- Liquidity Raise
- Automatic Soft Cap and Hard cap Management
- Automatic liquidity launch
- Automatic token transfer
- Automatic Liquidity Lock

eLOCKS

Equalizer's eLOCKS are now fully integrated into Based Launcher. This enables:

- Staking in Gauge while liquidity is locked
- Collect Transaction fees
- Collect Equal Emissions

It also makes taking part in MEME competition incentives program by Fantom Foundation a breeze.

Base Chain

Launcher v1 is now live on Base Chain. Our partner protocol will be will be launching a token there shortly.

Multiple Single staking and LP staking opportunities for $BASED on Base Chain will be available over the next few weeks.

https://launcher.basedfinance.io/presale


Stay $BASED πŸ›
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πŸ›BASED LABs Team Update

In favour of transparency and signal of our commitment to BUIDL relentlessly we decided to bring you updates on changes/additions to Based Labs Team

DEV Team Update

We have onboarded one Additional UI/frontend DEV to Labs in order to fast track a new upcoming product that's highly requested by our fren projects and protocols.

The current dev team looks like this:

Lead Dev (Athena)
Smart Contracts Dev - 1
UI dev - 2

Secretly Helping to Maintain Bots Dev - 1 πŸ‘€

Titans

Titans are senior non core team members who carry out duties and represent the protocol on a similar level as core team members.

Currently there is only one Titan (Dexterium). The 2nd Titan position is empty and we will be looking to fill it in order to help core team manage public relations. Historically Titans are chosen from CHADmins and CHADs

Business Development

We are looking to also onboard one (1) additional person for Bizdev position primarily focusing on matters related to Chain foundation and grants. Very high communication skill level and prior experience required. KYC might be required.

To apply: Start a discord ticket. If you have to ask us how to start a discord ticket, you do not qualify :)

Hiring Status is now OPEN for Business development ONLY. Mod application in TG DMs = Instant block.

Stay $BASED πŸ›
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πŸ› $SMELT Emissions have ended. OBOL-FTM, SMELT-FTM & $SMELT NFT Pools. πŸ›

This means no additional $SMELT circulation = πŸ“ˆ

Fresh pools imminent = πŸ–¨

STAY TUNED AND STAY $BASED

🚨 IMPORTANT: CLAIM REWARDS BEFORE THE 10TH OF NOVEMBER (PRIOR TO REWARD RENEWAL) 🚨
πŸ› LAST 24 HOURS TO CLAIM $SMELT REWARDS πŸ›
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πŸ› Much like Leonidas' noble sacrifice for Sparta, we're opening up a one way bridge redemption for our #Fantom Eco tokens to pave the way for an exciting and bold new beginning.

Details:
OTC module will get a Migration tab for all to redeem any of your tokens for "One-Way-Ticket" coin. This One-Way-Ticket coin will appear in our bridge and this is the only token that is going to be bridged to Base chain.

On Base chain you will receive Stater token which will have a separate farming pool for Share token emissions of new yield protocol. 🚜

NFTs will also have a separate farming pool for Share token emissions for our new πŸ–¨

This means that, we as a team, will not have any emissions going our way - whoever held old ecosystem tokens will have a stake in this like every other investor! 🀝

This way we reduce pressure on newcomers (which we achieve by this migration) and let the new protocol print like crazy. πŸ’ͺ

Migration Process:
- Upgrade your NFTs to Travelers (requires $OBOL) & downgrade fee will be removed
- Redeem your tokens for One-Way-Ticket
- Bridge your One-way-Ticket to Base (receive Stater coin on Base side)

Redemption ratios of ecosystem tokens to One-Way-Ticket ("OWT"):
1 $BSHARE -> 1 OWT
393 $BASED -> 1 OWT
393 $BBOND -> 1 OWT
2.3 $SMELT -> 1 OWT
2891 $OBOL -> 1 OWT

Total approximate market cap of OWT is ~380K market cap which is pretty much equal to Travelers NFT market cap. This results in 2 separate farming pools with equal emissions of new share token on Base chain with 5% of total emissions for each pool.

IMPORTANT:
Smelt emissions have ended.
Boardroom will not mint anymore $OBOL.
There will be no bridge fees for OWT.

ONLY TRAVELERS ARE BRIDGABLE!
ALL NFT holders who did not upgrade from Origins to Travelers will not be able to bridge their NFTs to Base chain and we will consider them the brave souls that died on $FTM.

FURTHER ACTIONS:
- LP providers, please withdraw your LPs, break them on our DEX
- $SMELT and $BSHARE stakers - withdraw your tokens from Acropolis and Boardroom
- NFT stakers- withdraw your NFTs & upgrade to Travelers using $OBOL

Any questions, please ask in our Discord.
πŸ”₯ Get ready to BRNN! πŸ”₯

Warning: Yields May Cause Exoplanetary Wealth

B.R.N.N. Brief: Yield & Tokenomics Overview πŸ”—
https://zora.co/coin/base:0xc9d74e77036e85ecde8327df19dd55d4121202c9
B.R.N.N. Naming Convention, Acronyms & Tickers πŸ”—
https://zora.co/coin/base:0x40c1bc6fc84cb4d7cee97e0492cc93cc4550b6f1
B.R.N.N. Concept πŸ”—
https://zora.co/coin/base:0x622335364658a7409e316953e48bcd6a58a502c8

Don't forget that every Zora post is tradeable. 🀝