YES collectiveCase Study: Baseline Market Maker's First $2.3M Stress Test
On March 11th, YES underwent its first major stress test with a $2.3M sell-off. Traditional AMMs often struggle to handle large dumps without severe price collapses. However, Baseline’s V3 Market Maker (BMM) absorbed the pressure efficiently, proving its ability to mitigate volatility while maintaining price stability.Key Metrics💰 Total Sell-Off: $2.3M 📉 Price Impact: -15% 📉 Market Cap Drop: $61M → $51M ⚖️ Liquidity Depth: Adjusted dynamically to absorb large sells Without BMM, a standard ...
YES collectiveInitial Baseline Value (IBLV) Event
Baseline mechanics were built with fairness in mind. As is common with any launch, however, technically advanced adversaries can and will use sniper bots to secure entry at the cheapest price, leaving the rest of participants buying at risk premiums. To address this unfair dynamic, we’re launching the Initial Baseline Value (IBLV) Event!The Initial Baseline Value (IBLV) EventThe IBLV Event is an opportunity for qualified community members to participate in setting the Initial Baseline Value (...
YES collectiveCase Study: $YES
Welcome to the case study of $YES, the first ERC20 token powered by Baseline. YES was purposely designed to demonstrate the capabilities of Baseline’s up-only technology. In this article, we'll get into pivotal events that shaped its journey, helping to paint a better picture of how Baseline is revolutionizing token launches and reach maturity.Study Baseline, study YESBaseline-powered chartBefore we explain what makes Baseline tick, a primer: Above is what a Baseline-powered chart looks ...
A Token. A Market. A Movement. Exit the Doom Loop: Say YES. Creators of Baseline Protocol, $YES and $BSR
YES collectiveCase Study: Baseline Market Maker's First $2.3M Stress Test
On March 11th, YES underwent its first major stress test with a $2.3M sell-off. Traditional AMMs often struggle to handle large dumps without severe price collapses. However, Baseline’s V3 Market Maker (BMM) absorbed the pressure efficiently, proving its ability to mitigate volatility while maintaining price stability.Key Metrics💰 Total Sell-Off: $2.3M 📉 Price Impact: -15% 📉 Market Cap Drop: $61M → $51M ⚖️ Liquidity Depth: Adjusted dynamically to absorb large sells Without BMM, a standard ...
YES collectiveInitial Baseline Value (IBLV) Event
Baseline mechanics were built with fairness in mind. As is common with any launch, however, technically advanced adversaries can and will use sniper bots to secure entry at the cheapest price, leaving the rest of participants buying at risk premiums. To address this unfair dynamic, we’re launching the Initial Baseline Value (IBLV) Event!The Initial Baseline Value (IBLV) EventThe IBLV Event is an opportunity for qualified community members to participate in setting the Initial Baseline Value (...
YES collectiveCase Study: $YES
Welcome to the case study of $YES, the first ERC20 token powered by Baseline. YES was purposely designed to demonstrate the capabilities of Baseline’s up-only technology. In this article, we'll get into pivotal events that shaped its journey, helping to paint a better picture of how Baseline is revolutionizing token launches and reach maturity.Study Baseline, study YESBaseline-powered chartBefore we explain what makes Baseline tick, a primer: Above is what a Baseline-powered chart looks ...
A Token. A Market. A Movement. Exit the Doom Loop: Say YES. Creators of Baseline Protocol, $YES and $BSR
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I invest in Bitcoin (BTC) because I want digital gold. I trade Baseline Trading Competition (BTC) because I want Blast gold.
- Satoshi Nakamoto
The Baseline Trading Competition is a four-week trading competition incentivizing users to participate in Baseline Loops across $YES and $MACHI tokens. The competition will distribute 400,000 Blast Gold based on time held, volume, and PnL performance.
The first competition will begin on Monday, September 16, 2024, and last for 4 weeks. Each competition period starts at 00:00 UTC on Monday and ends at 23:59 UTC on Sunday, with rewards distributed weekly. The timeline of each weekly competition will follow this schedule, with new rounds beginning immediately after the prior one ends, until all Blast Gold has been distributed.
Every week, 100,000 Blast Gold will be distributed evenly across YES and MACHI based on each participant’s performance in Baseline Loops. Rewards are determined by the following:
PnL Distribution: Rewards are scaled based on unrealized PnL with the best AND worst PnL receiving the highest rewards:
Between 25th and 75th percentile: 1x multiplier
Between 10th-25th OR 75th-90th percentile: 1.5x
Less than 10th percentile OR greater than 90th percentile: 2x
Time Multiplier: Rewards are scaled based on how long positions are held:
Holding for a longer duration results in a higher multiplier, from 1x to 2x, scaled linearly per day.
Volume Multiplier: Rewards are also scaled based on a participant’s looped supply relative to total looped supply:
Week 1
Up to 0.1% of total supply looped: 1x
0.1% to 1% of total supply looped: 1.5x
1%+ of total supply looped: 2x
Week 2 - onward
Less than 500 MACHI or 30 YES: 0x
Up to 0.01% of total supply looped: 1x
0.01% to .1% of total supply looped: 1.5x
0.1% to 1% of total supply looped: 2x
1%+ of total supply looped: 3x
NOTE: to prevent manipulation, looped supply is averaged over the number of blocks held. So if you held 10 YES for 50 blocks and then increased to 100 YES for next 50 blocks, your looped position will show as 10 * (50/100) + 100 * (50/100) = 55 YES. To meet the minimum qualification of 30 YES or 500 MACHI, you can either increase looped position (increasing the average through size) or hold the position for more blocks (increasing the average through time).
A user with high PnL (top 10%), holding their position for the entire week, and contributing to 10% of total supply looped will receive 8x Blast Gold, relative to others.
A user with low PnL (bottom 10%), holding for 1 day, and contributing 0.1% of total supply looped will receive 3x Blast Gold.
A user with average PnL (within 25th and 75th percentile), holding for 1 day, and contributing 0.01% of the volume will receive 1x Blast Gold.
To be eligible for the weekly Blast Gold rewards, users simply need to have at least one Looped position open on YES and/or MACHI. If you have an existing Looped position, you do not need to do anything to qualify.
Like any strategy, looping carries risks, so be sure to DYOR before executing. Learn more: https://docs.baseline.markets/utility/loops. Baseline Markets may revise these Rules at any time. The competition and rewards may also be terminated at the sole discretion of Baseline Markets.
I invest in Bitcoin (BTC) because I want digital gold. I trade Baseline Trading Competition (BTC) because I want Blast gold.
- Satoshi Nakamoto
The Baseline Trading Competition is a four-week trading competition incentivizing users to participate in Baseline Loops across $YES and $MACHI tokens. The competition will distribute 400,000 Blast Gold based on time held, volume, and PnL performance.
The first competition will begin on Monday, September 16, 2024, and last for 4 weeks. Each competition period starts at 00:00 UTC on Monday and ends at 23:59 UTC on Sunday, with rewards distributed weekly. The timeline of each weekly competition will follow this schedule, with new rounds beginning immediately after the prior one ends, until all Blast Gold has been distributed.
Every week, 100,000 Blast Gold will be distributed evenly across YES and MACHI based on each participant’s performance in Baseline Loops. Rewards are determined by the following:
PnL Distribution: Rewards are scaled based on unrealized PnL with the best AND worst PnL receiving the highest rewards:
Between 25th and 75th percentile: 1x multiplier
Between 10th-25th OR 75th-90th percentile: 1.5x
Less than 10th percentile OR greater than 90th percentile: 2x
Time Multiplier: Rewards are scaled based on how long positions are held:
Holding for a longer duration results in a higher multiplier, from 1x to 2x, scaled linearly per day.
Volume Multiplier: Rewards are also scaled based on a participant’s looped supply relative to total looped supply:
Week 1
Up to 0.1% of total supply looped: 1x
0.1% to 1% of total supply looped: 1.5x
1%+ of total supply looped: 2x
Week 2 - onward
Less than 500 MACHI or 30 YES: 0x
Up to 0.01% of total supply looped: 1x
0.01% to .1% of total supply looped: 1.5x
0.1% to 1% of total supply looped: 2x
1%+ of total supply looped: 3x
NOTE: to prevent manipulation, looped supply is averaged over the number of blocks held. So if you held 10 YES for 50 blocks and then increased to 100 YES for next 50 blocks, your looped position will show as 10 * (50/100) + 100 * (50/100) = 55 YES. To meet the minimum qualification of 30 YES or 500 MACHI, you can either increase looped position (increasing the average through size) or hold the position for more blocks (increasing the average through time).
A user with high PnL (top 10%), holding their position for the entire week, and contributing to 10% of total supply looped will receive 8x Blast Gold, relative to others.
A user with low PnL (bottom 10%), holding for 1 day, and contributing 0.1% of total supply looped will receive 3x Blast Gold.
A user with average PnL (within 25th and 75th percentile), holding for 1 day, and contributing 0.01% of the volume will receive 1x Blast Gold.
To be eligible for the weekly Blast Gold rewards, users simply need to have at least one Looped position open on YES and/or MACHI. If you have an existing Looped position, you do not need to do anything to qualify.
Like any strategy, looping carries risks, so be sure to DYOR before executing. Learn more: https://docs.baseline.markets/utility/loops. Baseline Markets may revise these Rules at any time. The competition and rewards may also be terminated at the sole discretion of Baseline Markets.
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