/Pillhead(yes)

seer of sentient liquidity @baselinemarkets // part-time elefent worship

[unbanksy (amm/acc) @unbanksyETH]

Staking has become a core incentive primitive in crypto markets.

But not all staking is created equal. I see many teams that use portion of supply to incentivize lockup by staking. That’s dangerous because you’re trading off supply sink now for supply overhang in the future. If you pick incorrectly, you basically shoot yourself in the foot when the debt comes due.

With Baseline, we give project tokens staking as a feature without the supply risk. Fees captured by your token’s market making go to stakers.

More volume = higher staking APR
Less volume = smaller APR

[/Pillhead(yes) @pillheadddd]

@sotoalt_ > yield is in the pair / reserve asset
> depositors borrow the reserve asset directly from the pool itself!

we really want to collaborate with creative builders that want to explore the design space the protocol unlocks so hmu if you ever want to hack on anything!

[/Pillhead(yes) @pillheadddd]

wait and see what the $REPPO staking APR is by next month

[RG @rgvrmdya]

As a builder in crypto/web3, you quickly are humbled by markets.

Some stats since we moved to @BaselineMarkets.

Quickly approaching 2% of total supply staked. Note that we have not staked any treasury here. Just pure conviction of HODLers.

All verifiable on https://t.co/IS1avtyiXM under the analytics tab for $REPPO

@reppo

[/Pillhead(yes) @pillheadddd]

@MikeBobich @123skely @bis__cut

[/Pillhead(yes) @pillheadddd]

@bis__cut @MikeBobich brought me here

[/Pillhead(yes) @pillheadddd]

@MikeBobich @123skely @bis__cut he can’t keep getting away with this !!!!

[/Pillhead(yes) @pillheadddd]

@andy8052 @fibonacki @bigdsenpai @mnstr lmao

[/Pillhead(yes) @pillheadddd]

$1M -> $10M in ~5 months

[/Pillhead(yes) @pillheadddd]

$1M -> $10M in ~5 months

[Monster @mnstr]

We just hit $10m errrr wait we were too slow making the graphic…

We just hit $11m in all time volume!

We appreciate everyone who has given us a try and we’re not even close to our final form.

[/Pillhead(yes) @pillheadddd]

@swgtshi @CreamyDreamy @vvvdotso this time, it’s personal.

[/Pillhead(yes) @pillheadddd]

$GACHA (on Solana) getting attention shows you

1/ how much talent has left crypto
2/ we’re still early
3/ the bar is on the ground
4/ you could ship anything and it’ll run
5/ all of the above
6/ none of the above

[/Pillhead(yes) @pillheadddd]

@andy8052 @notthreadguy lmk if you need more

[/Pillhead(yes) @pillheadddd]

@andy8052 @notthreadguy YES

[/Pillhead(yes) @pillheadddd]

also: price is downstream of liquidity structure and almost every token ever has been stuck with the same xyk curve

imagine if the world only ever invented tents, and after each storm we cried about our down bad weak ass tent tech.. never imagining we could be hut maxxing

[merp @0xMerp]

@x256xx the investable world of tokens is probably actually much bigger than we think, there are a lot of warchests out there with lots of money and some are probably motivated to attempt pivots or rebrands into a more economically viable tokenomics model

[/Pillhead(yes) @pillheadddd]

why not both?

[Clive @Clive_99]

You finally left crypto to start a kool aid jars and pokemon cards business

[/Pillhead(yes) @pillheadddd]

replacing UMA with the quintesson judges would fix @Polymarket over night

but yall not ready to have that conversation

[/Pillhead(yes) @pillheadddd]

@andy8052 @soby0x imagine if he really was

[/Pillhead(yes) @pillheadddd]

@andy8052 THIS TIME.. it’s different

[unbanksy (amm/acc) @unbanksyETH]

We don't often say this but Baseline's smart contract can be thought of as an active market participant.

The typical market participant is rational and self-interested. While this behavior is no different for Baseline, the fact that it's a smart contract matters:

1. Rationale is defined in code & cannot be manipulated. Compare this to human market participants that, while rational most of the time, behave irrationally surprisingly often.

2. Self-interested but "self" refers to all tokenholders, not an individual entity. So by buying the token, the holder is essentially entering an implicit agreement with the smart contract that it will work FOR the tokenholder, not against.

No other AMM does this hence why so many token price charts look like PvP environments.