Now tracking @BaselineMarkets on @Blast_L2
Baseline aims to offer sustainable liquidity for ERC20 tokens from launch, automating supply and market making for stable value and Uniswap V3 liquidity, with all tokens secured on-chain
The talk of the town is @BaselineMarkets $YES launch on Blast. But have you studied? I'm taking alpha from my (free) substack and giving it to you here
Yes, you're welcome.
▫️ The market price is NOT the baseline value
If you loan against it at $5 for example, and the baseline value is $2.5 then you can expect the market price to have a floor of $2.5, and that is your potential downside risk.
▫️ This baseline floor only goes up, but buying at a premium is a risk. The baseline floor and market price are not the same thing
▫️ And alternatively, waiting to buy at the baseline value is an opportunity cost to understand. People are showing a desire to pay ~50-200% premium.
▫️You’re going to pay a variable loan fee depending on how long you want to loan and loop, and a constant 1% swap fee
➡️Swap fee comes when you swap wETH to YES on their site.
➡️Loan fee is dependent on how long you take out loans for, and the premium of current price
▫️ Baseline is a protocol
▫️ $YES is a token launched thru the protocol using the Baseline Strategy
➡️So yes, there may be more tokens launched with this structure. YES is the proof of concept
▫️ The supply is variable and baseline is it’s own market maker.
▫️ If the $YES market price goes down to the baseline value, I will be BUYING
➡️ Big moves up will take me out of the trade, rather than big moves down
➡️ Buying near the baseline value will reduce your borrow and leverage fees, and increase your buying power. Based...
▫️Everybody selling and price going to the baseline value, would be incredibly bullish from a risk/reward perspective — in theory.
Bonus: $yes is a proof of concept, and can be built for new era protocols that want to attract value with an "everybody wins" mentality, rather than a zero-sum game i need to sell before you do ... in theory.
Bonus: This was built for longevity, not crazy APR
Bonus: $OHM devs and @pillheadddd is the most creative storyteller in the space. Show me another project with better branding that fits the narrative.
If you found this helpful, consider subscribing to the substack! Link in bio
A lot of people are asking me about $YES, so here we go.
Introducing a primer on my new biggest bag - the $YES token on @Blast_L2 built by @BaselineMarkets.
The federal reserve of Blast (not really but maybe).
In this thread I'll talk about:
1. The lore
2. Why I think $YES is going to run up massively
3. Why @BaselineMarkets is going to potentially kick off a paradigm shift in the way we think about market making, liquidity, and leverage in defi
This shit is complex, and I'd be lying if I told you I understood 100% of it, even 80% at this point. But I'll do my best, and update you as I go along.
Essentially, $YES is a numba-go-up token maximizing the potential of Uniswap's v3 capabilities to consistently push up its risk-free floor, pioneering the newest model of protocol owned liquidity, while offering native leverage.
@BaselineMarkets is the system upon which $YES is built, and hopefully will be implemented across more projects in the future.
Thread continues below:
3. Baseline - Crypto Utopia:
@BaselineMarkets addresses core and relevant issues in defi and crypto today. As someone who apes microcaps, it's damn frustrating for me to see a brilliant idea rugged by thin liquidity, poor token management, and arbitrary human error / malice.
Baseline creates a vision where the market functions of a project can be run truly on code and smart contracts - where protocols can create liquidity provisioning that fits THEIR terms. It's crypto utopia - embodying the ethos of what defi should be.
$YES is a proof of concept, and whether we lose money or make money - the Baseline paradigm should still be implemented everywhere it CAN be. This is futurist MONK speaking, not degen MONK.
Peace, please follow for more quality content.
Been really digging into $YES by @BaselineMarkets and it's one of the more interesting designs I've seen.
It's also very different than what people think it is
Big 🧵 on how it works, where it's going and why I think it might be more valuable as a stablecoin than memecoin
1/24
Our partners at @ThrusterFi just notified us that we are currently earning 21M Blast points a day.
Without growing any further, if the system maintains the current size, we're on track to earn 1.89B points at TGE.
Reminder: the team will not be keeping any points for ourselves. Any points/Blast Gold we receive will be redistributed back to the community.
That's a lotta points to give out 👀
If you are a project on Blast and want alignment with the Baseline community, consider airdropping your tokens to loyal $YES loopers and/or pair your token's LP with $YES instead of ETH. This would be a great way to get our immediate attention.
The ethos of Baseline is winning together. Whether in the markets or in the industry, we are here to support, share, learn, experiment, understand, build, and grow together.
Your success is our success.
(9,9)
Great aggregation of community threads—the organic learning in the Discord is a sight to behold.
Very strong community vibes, genuine intellectual curiosity, and a *sprinkle* of degen gambling.
Unbothered. Moisturized. Happy. Focused. Flourishing. Comfy in looping. Farming points. Watching BLV increases.
It's only Day 1, but we've accomplished so much. Phase II is coming much sooner than we anticipated!
Someone botted @yesmoney420, we have already wrote to Twitter support
Do not interact with scam accounts, please be aware!
Official links are on Discord channels