BaseX BSX
1. Summary
- Description
-
Overview of BaseX
Overview of BaseX
BaseX is an evolutionary approach to concentrated liquidity Automated Market Maker (AMM) designed by BaseSwap, enhancing efficiency and flexibility in liquidity provision and farming. This innovative system integrates the Merkle by Angle Protocol, ensuring a more comprehensive rewards system. The key feature of BaseX allows liquidity providers to concentrate their capital within custom price ranges or pre-defined ranges, giving them granular control over their investments. This approach ensures higher liquidity and reduced slippage.
Key Features of BaseX
- Implementation of Merkle by Angle Protocol for enhanced rewards
- Customizable liquidity provision in specific price ranges or pre-defined ranges
- Trading fees accumulated within a price range are distributed pro-rata among LPs based on their liquidity contributions
- Users can combine multiple concentrated positions within one pool, allowing LPs to emulate different market maker strategies
- Partnerships with Automated Liquidity Managers (ALMs), such as DefiEdge, for hassle-free rebalancing
How BaseX Works
By offering concentrated liquidity, BaseX permits LPs to allocate their capital efficiently, focusing on the most frequently traded price ranges. This results in:
- Enhanced liquidity within favored price intervals
- Reduced slippage for traders
- Improved capital preservation
- Superior fee earnings for LPs
BaseX's core concept is built upon the Uniswap V3 model, which confines liquidity to specific price ranges. This approach empowers liquidity providers to concentrate their capital, unlike earlier versions where liquidity was evenly distributed across all price ranges.
Integration with Automated Liquidity Managers
BaseX's partnership with ALMs simplifies the process for users who prefer pre-defined price ranges. The ALMs, such as DefiEdge, automatically rebalance positions, making the experience seamless for all users. LPs can earn rewards regardless of whether they choose custom or pre-defined ranges.
Rewards System
BaseX's implementation of Merkle by Angle Protocol enables multiple rewards from partners and farming to be received simultaneously. The narrower the position, the higher the rewards.
| Price | |
| 52W High price | $0.37 |
| 52W High date | 27th Mar 2024 (1 year ago) |
| All Time High (ATH) Date | 24th Aug 2023 (1 year ago) |
| ATH Price | $1.92 |
| % From ATH | -98.01% |
| All Time Low (ATL) Date | 26th Oct 2024 (7 months ago) |
| ATL Price | $0.03 |
| % From ATL | 30.86% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $2,152.00 |
| Total Supply | 10.00M |
| Max Supply | 10.00M |
BSX
How does BaseX's (BSX) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-27.2%
BSX
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Similar Market Cap
60 Day Return
-38.8%
BSX
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Similar Market Cap
1 Year Return
-66.0%
BSX
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Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 3,530 |
| Twitter followers |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://baseswap.fi/ |
|---|---|
| Explorer | https://basescan.org/token/0xd5046B976188EB40f6DE4... |
| @BaseSwap_Fi | |
| Forum | https://discord.gg/baseswap |
What is the correct contract address for BaseX?
| Base | 0xd5046b976188eb40f6de40fb527f89c05b323385 |
|---|
Has BaseX been audited for security?
No security audits found for this project.
Are you the owner of BaseX? Edit it here
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