Base protocol is a very interesting project as it aims to created a decentralised stable coin pegged to the entire crypto market. In other words you have a crypto ETF/ index in the shape of a coin!
Chapters:
00:00 Introduction
00:41 What is Base protocol
01:51 Whitepaper
02:01 Elastic Supply
02:34 Rebasing
05:24 The risks - Challenges
06:35 Stabilization
07:47 Cascade Staking Rewards program / yield farming
08:40 Use cases
09:40 Tokenomics
11:36 Technology
12:27 Team
14:05 Roadmap
14:47 Three ways to earn with Base Protocol
17:14 Conclusion
18:05 Outro
Why is that interesting?
1) you don't have the pick a crypto project, you have the entire market (= more stable)
2) if you believe in crypto as a whole, then BASE could become the one stop coin
3) you can trade and borrow against the crypto market, rather then a specific coin
Ofcourse this is project is very early stage and experimental and only time will tell if it can succeed.
Usefull links:
Project: https://www.baseprotocol.org/
Coingecko (contract): https://www.coingecko.com/en/coins/base-protocol
Etherscan: https://etherscan.io/token/0x07150e919b4de5fd6a63de1f9384828396f25fdc
Whitepaper: https://drive.google.com/file/d/1O9V4vjygGmno90NAXSDtj9IwZAelZCsj/view
Team: https://medium.com/baseprotocol/base-protocol-team-f64d0b62aa35
Cascade: https://cascade.baseprotocol.org/
Let's get on that crypto train!
Bren
#crypto #baseprotocol #defi #etf
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