Article Summary, Automatically Generated By AI
Summary
- Based Finance is a decentralized utility-based algorithmic token called $BASED.
- $BASED is on the $FTM network.
- $BASED is pegged 1:1 with $TOMB via seigniorage.
- Based Finance supports the TOMB protocol, which has been running successfully for months.
- Pegging $BASED to $TOMB provides new use cases for $TOMB and increases its liquidity on the Fantom ecosystem.
- Based Finance is exposed to $TOMB’s recent success.
- No specific numbers or figures mentioned.
- No case studies, anecdotes, or examples mentioned.
About Basel Finance
Welcome to Based Finance, a decentralized utility-based algorithmic token, $BASED, built on the $FTM network and pegged 1:1 with $TOMB via seigniorage. As ardent supporters of TOMB, the seigniorage system that has been thriving for months, we aim to bolster their protocol by pegging BASED to TOMB. This synergy will unlock new use cases for TOMB, while concurrently increasing TOMB’s liquidity within the Fantom ecosystem. By doing so, we also tap into TOMB’s recent success, further solidifying our position.