A Token. A Market. A Movement. Exit the Doom Loop: Say YES. Creators of Baseline Protocol, $YES and $BSR
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: 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 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 ...
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: 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 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 ...
Share Dialog
Share Dialog
A Token. A Market. A Movement. Exit the Doom Loop: Say YES. Creators of Baseline Protocol, $YES and $BSR
Subscribe to YES collective
Subscribe to YES collective
We’re relaunching Friday, Jun 7, at 9AM PT / noon ET / 4PM UTC / midnight Singapore.
No user funds were lost in the launch. Funds are safe.
The pool took in trading volume without V1 positions being fully migrated, making the liquidity distribution incorrect.
If you traded, borrowed, or looped YES V2, you’ll be reimbursed 100% of your initial investment in a few hours.
YES will re-launch with same BLV, premium and liquidity structure.
The YES-ETH LP became tradable before all YES V1 positions were migrated to YES V2. Since the correct circulating supply was not present on initialization, the pool started off in a wrong state and BLV bumped higher than it should have.
We will refund all V2 participants their initial ETH investment. This plan makes users whole while preventing dilution of V1 snapshot. To see amount you’re getting refunded, see here:
https://gist.github.com/basehunter69/5fce07afbede0ebf175a37338dbaf5f2#file-eth_refund-csv
The refund amounts to 1,163.19 ETH which will be paid by 876.28 ETH in net inflows and 286.91 ETH from Afterburner. In the process, the protocol burns 38,425.4 YES V1 which will be reflected in adjusted Yescension snapshot. This plan allows us to relaunch with exactly same BLV and liquidity structure.
If you’d like to understand the details of refund calculations, see appendix section below.
In the next few hours, we will distribute the refunds
We will relaunch Friday, Jun 7, at 9AM PT / noon ET / 4PM UTC / midnight Singapore
At launch, we were running a batch script to migrate YES V1 holders to V2. As a result, a mix of snapshotted users and non-snapshotted users traded YES V2. To properly calculate refunds, we evaluate three segments:
Users not in Yescension snapshot
Users in Yescension snapshot, but did not get distribution
Users in Yescension snapshot, AND received distribution
If you were NOT in Yescension snapshot and traded/borrowed/looped YES, you will be reimbursed 100% of your initial investment, adjusted for profits made and opened loans. You can confirm your refund here:
If you did not trade V2, there is nothing for you to do. You will get exact same Yescension allocation as before.
If, however, you traded V2, then you will be reimbursed 100% of your initial investment, adjusted for profits made and opened loans. If you sold YES, your Yescension allocation will be adjusted. You can confirm your refund here:
You can confirm your Yescension allocation here:
https://gist.github.com/basehunter69/38fb5307cdd75c571aebc3d996400a31
If you did not trade V2, there is nothing for you to do. You will get exact same Yescension allocation as before.
If, however, you traded V2, you will be reimbursed 100% of your initial investment, adjusted for profits made and opened loans made before you received your distribution. If you sold YES, your Yescension allocation will be adjusted. You can confirm your refund here:
You can confirm your new Yescension allocation here:
https://gist.github.com/basehunter69/38fb5307cdd75c571aebc3d996400a31
We’re relaunching Friday, Jun 7, at 9AM PT / noon ET / 4PM UTC / midnight Singapore.
No user funds were lost in the launch. Funds are safe.
The pool took in trading volume without V1 positions being fully migrated, making the liquidity distribution incorrect.
If you traded, borrowed, or looped YES V2, you’ll be reimbursed 100% of your initial investment in a few hours.
YES will re-launch with same BLV, premium and liquidity structure.
The YES-ETH LP became tradable before all YES V1 positions were migrated to YES V2. Since the correct circulating supply was not present on initialization, the pool started off in a wrong state and BLV bumped higher than it should have.
We will refund all V2 participants their initial ETH investment. This plan makes users whole while preventing dilution of V1 snapshot. To see amount you’re getting refunded, see here:
https://gist.github.com/basehunter69/5fce07afbede0ebf175a37338dbaf5f2#file-eth_refund-csv
The refund amounts to 1,163.19 ETH which will be paid by 876.28 ETH in net inflows and 286.91 ETH from Afterburner. In the process, the protocol burns 38,425.4 YES V1 which will be reflected in adjusted Yescension snapshot. This plan allows us to relaunch with exactly same BLV and liquidity structure.
If you’d like to understand the details of refund calculations, see appendix section below.
In the next few hours, we will distribute the refunds
We will relaunch Friday, Jun 7, at 9AM PT / noon ET / 4PM UTC / midnight Singapore
At launch, we were running a batch script to migrate YES V1 holders to V2. As a result, a mix of snapshotted users and non-snapshotted users traded YES V2. To properly calculate refunds, we evaluate three segments:
Users not in Yescension snapshot
Users in Yescension snapshot, but did not get distribution
Users in Yescension snapshot, AND received distribution
If you were NOT in Yescension snapshot and traded/borrowed/looped YES, you will be reimbursed 100% of your initial investment, adjusted for profits made and opened loans. You can confirm your refund here:
If you did not trade V2, there is nothing for you to do. You will get exact same Yescension allocation as before.
If, however, you traded V2, then you will be reimbursed 100% of your initial investment, adjusted for profits made and opened loans. If you sold YES, your Yescension allocation will be adjusted. You can confirm your refund here:
You can confirm your Yescension allocation here:
https://gist.github.com/basehunter69/38fb5307cdd75c571aebc3d996400a31
If you did not trade V2, there is nothing for you to do. You will get exact same Yescension allocation as before.
If, however, you traded V2, you will be reimbursed 100% of your initial investment, adjusted for profits made and opened loans made before you received your distribution. If you sold YES, your Yescension allocation will be adjusted. You can confirm your refund here:
You can confirm your new Yescension allocation here:
https://gist.github.com/basehunter69/38fb5307cdd75c571aebc3d996400a31
<100 subscribers
<100 subscribers
No activity yet