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Home All Events - Ape O'Clock Based Farm Genesis Launch


Sep 01 2023


12:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Sep 01 2023
  • Time: 8:00 am



Based Farm Genesis Launch

August 31 update – the team has not announced a time for this launch, only that it is September 1. This time is a placeholder. Additionally, the website is not yet released, so we’ve linked to their Twitter.

Genesis for a seigniorage protocol on Base. No contracts.

  • Genesis details:
    • Duration: 72 hours
    • Stake AERO, ETH, USDC, cbETH and OGRE for BASED rewards
      • ❌ There is no information on the allocation of BASED rewards among the pools
    • No deposit fee
  • BASED is the algo-stable, pegged to ETH
    • ❌ There is no information on the initial supply of BASED or it’s allocation
    • Adjustable tax based on the health of the peg
      • Peg at 1.5 and above – 1% tax
      • Peg at 1.4-1.5 – 2% tax
      • Peg at 1.4-1.3 – 4% tax
      • …and so on
  • BSHARE is the shares token
    • ❌ There is no information on the supply of BSHARE or it’s allocation
  • BBOND is the bonding token
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