Based Finance V2 Genesis Pool Launch

New peg-less algorithmic protocol with NFT staking and other added features on Fantom, from Based Finance team.

DETAILS

• Genesis Pools
  • Duration: 10 days
  • 90,000 $OBOL rewards distributed across the following pools:
    • Minimum 1.2% daily ROI — Prometheus NFT
    • ~0.8% daily ROI — $OBOL / FTM LP pool
    • ~0.8% daily ROI — $SMELT / FTM LP pool
    • $LIF3 pool
    • $USDC pool
    • $WFTM pool
    • ❌ No information on the estimated ROI for the other pools
  • 0.5% deposit fee on $LIF3, 1% on $USDC and WFTM, 0% on native pools
  • No withdrawal fee

• Tokens & Features
  • $OBOL is the pegless algo token
    • Perpetual Print mechanism will mint $OBOL no matter the relative price
    • Elastic supply mechanism; $OBOL is constantly burned and minted as desired to control expansion
    • 10% sell tax
    • Initial supply: 100,000 $OBOL; allocated as follows:
      • 90,000 — Genesis Pool
      • 10,000 — Initial liquidity
  • $SMELT is the shares token
    • 10% buy / sell tax
    • Will be able to avoid 10% buy tax by redeeming for $BSHARE / FTM LP on the in-house exchange (Katastima V2), while supply is available
    • Total supply: 90,000; allocated as follows:
      • 80,000 — Farming rewards (vested linearly over 2 years)
      • 10,000 — $BSHARE / FTM liquidity
  • Prometheus NFT; for staking to earn yield
    • Cross-chain support – will be tradeable and bridgeable
    • Minted with $BBOND (slow mint mechanism), here ($BBOND is the V1 bond token)

• Roadmap includes launch of NFT launchpad

• ❌ Ownership not renounced on contracts, at time of review
• Multi-sig treasury wallet is the Operator and Owner of the Genesis Reward contract

❌ No information on when the rest of the protocol will open.

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