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Summary of BaseX
- BaseX: an innovative Concentrated Liquidity AMM built by BaseSwap
- First on Base to implement Merkle by Angle Protocol, enhancing rewards system
- Rewards determined by position: narrower position = higher rewards, vice versa
- Protocols can add multiple rewards to liquidity pool, allowing simultaneous earning
- Permissionless incentives from partners and farming
- Custom or pre-defined liquidity ranges available
- Partnership with DefiEdge for Automated Liquidity Manager, effortless rebalancing
- Rewards earned regardless of custom ranges or ALMM choice
About BaseX: Empowering the Future of Blockchain Innovation
BaseX – a pioneering approach to Concentrated Liquidity AMM, crafted by BaseSwap to deliver enhanced efficiency and a more adaptable liquidity and farming experience. By integrating Merkle by the Angle Protocol, BaseX becomes the first on Base to revolutionize the rewards system. The position you select determines your rewards: the narrower your position, the higher your rewards, and vice versa. Furthermore, protocols can add multiple rewards to the liquidity pool, enabling users to earn simultaneous rewards. This means that incentives from partners and farming can be received concurrently, all within a permissionless environment.
BaseX introduces a flexible liquidity provision system, accommodating both custom and pre-defined ranges. To further streamline the process for users who prefer a more straightforward experience, we have partnered with DefiEdge, our inaugural Automated Liquidity Market Maker (ALMM) on the Base chain. Their cutting-edge Automated Liquidity Manager seamlessly rebalances positions within our pools, providing a hassle-free experience for all users. Notably, users can earn rewards regardless of whether they opt for custom ranges or leverage the ALMM.