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.

DETAILS

• 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