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 consists of the following tokens:
$OBOL - PEGLESS token with elastic supply.
$SMELT - protocol’s underlying Perpetual Print (PP) mechanism emitting OBOL.

Future Utility

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the BASED team will maintain a focus on innovation around enhanced functionality and use cases. The BASED Labs tokens WILL support a Multi-chain ecosystem. More info will be provided in future articles and updates!
Last modified 1mo ago
Copy link
On this page
The Emergence
Future Utility