BXT
Base
BaseX
Native ve(3,3) CLAMM DEX on Base Chain. **Selected by Base Grants Team**. **Followed by Base official account and Jesse Pollak, the Base founder**
## BaseX LBP on Fjord Foundry: Empowering DeFi with Innovation and Community Engagement 🚀
### Purpose:
The BaseX Liquidity Bootstrapping Pool (LBP) on Fjord Foundry is designed to revolutionize the DeFi landscape by introducing a cutting-edge, community-driven DEX on the Base Chain. Our goal is to create a highly efficient and user-empowered liquidity layer that leverages the innovative ve(3,3) model and concentrated liquidity automated market maker (CLAMM) technology.
### Benefits:
💎**Exclusive Opportunities**: All the fees we collected from Gamma Vaults since we launched last October and part of the unlock Ecosystem Fund will be added as bribes at Epoch 0. The bribes are rewards for people who lock $BXT to get veBXT and use veBXT to vote. The initial circulating supply comes only from three sources: Public Sale, Investors (who bought the BXT at the same price as the IDO), and the Ecosystem Fund (used for initial liquidity, market making, and marketing, etc.). To join the voting and be rewarded with juicy bribes, participants must buy $BXT from the market.
####
🚀**Early Access to Rewards**: Participants in our LBP will have the exclusive opportunity to get early into the $BXT staking pool, earning early bird rebase rewards from the weekly emissions. 30% of the weekly emissions are allocated to this pool, providing substantial returns to early supporters.
####
🗳️**Governance and Voting Power**: By participating in the LBP, users can lock their $BXT to obtain veBXT, which grants them voting rights for bribes at Epoch 0. This ensures that our community has a significant say in the protocol's governance and reward distribution.
####
🎁**Future Airdrops and Incentives**: LBP participants will be eligible for future airdrop opportunities, including the BaseX DAO Token ($BDT) airdrop. This token will allow holders to share in protocol fees and participate in treasury governance, ensuring long-term benefits for our supporters.
### Why BaseX:
🌟**Innovative ve(3,3) Model**: Our implementation of the ve(3,3) model, inspired by Andre Cronje, encourages long-term participation and aligns the interests of all stakeholders. This model has proven successful on other chains and is now optimized for the Base ecosystem.
####
💧**Concentrated Liquidity**: Utilizing UniSwap V3-inspired concentrated liquidity, BaseX provides higher capital efficiency and optimized trading experiences compared to traditional AMMs.
####
🔄**Enhanced Liquidity Management**: BaseX integrates with leading active liquidity management protocols like Gamma and Steer, offering automated rebalancing strategies. This integration maximizes returns for liquidity providers with minimal effort.
####
🌐**Base Ecosystem Recognition**: BaseX, the ve(3,3) CLAMM DEX powered by a dual-token model, is live on Base mainnet since last October. It has been followed by the official Base account and engaged with the creator of Base, Jesse Pollak. **BaseX has been selected to receive the Base Builder Grant, which will be announced by the Base Grants team soon.**
####
⚖️**Dual-token Model and Community-Driven**: BaseX uses a dual-token model that separates utility $BXT and DAO $BDT functions within the protocol. This separation helps allocate resources for governance effectively without being negatively affected by excessive demand for utility purposes, resulting in a fairer system for all users.
### Timeline
📅 DEX&CEX Listing: June 17th
####
📅 Epoch 0 Kickoff: June 20th
### Partners:
### Tokenomics:
####
Check [here](https://basex.gitbook.io/docs/whitepaper/tokenomics) for more details
### Additional Resources
- [Website](https://www.basex.fi/)
- [Twitter/X](https://x.com/basex_fi)
- [Discord](https://discord.com/invite/63QCJtzXRk)
- [Telegram](https://t.me/basex_fi)
- [Medium](https://medium.com/@basex_fi)
- [WhitePaper](https://basex.gitbook.io/docs)
- [Github](https://github.com/basex-fi)
