BASED NEXT GEN (V2)
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Welcome to BASED Next Generation, the first pegless seigniorage protocol exploring DeFi on the FTM Network.

The Emergence

We are introducing innovative yield strategies whilst providing inclusivity for Based Finance (V1), that successfully finished emissions. Now given the recent market conditions, our research umbrella, Based Labs, has built a new protocol which is prepared for long term stability (2 years).
Based Next Gen is a multi-token protocol which has hybrid staking functionality and consists of the following tokens:
$OBOL - PEGLESS token with elastic supply.
$SMELT - protocol’s underlying Perpetual Print (PP) mechanism emitting OBOL.

Utility beyond FTM:

Based Labs team maintains a focus on innovation around enhanced functionality and use cases for our ecosystem tokens. Our tokens WILL support a Multi-chain ecosystem, and Based Next Generation protocol is the entry point to our journey! More info will be provided in future articles and updates!
Last modified 1mo ago