Trade

Baseline tokens (bTokens) trade on the Baseline Market Maker with a guaranteed floor price, built-in staking, borrowing, and leverage. Every bToken comes with a floor price (BLV), dynamic liquidity managed by the Baseline Market Maker (BMM), and DeFi utility that enhances the trading experience for novice and experienced investors.

• Guaranteed floor price -- Every bToken has a public, on-chain minimum price. You can always exit at (or above) this price, even if no one else is buying. This price is enforced programmatically by smart contracts.
• Earn rewards - Stake your bTokens to earn a pro-rata amount of trading fees captured by the token,
• Access capital - Borrow against your bToken collateral at 0% interest and a low origination fee, accessing capital without having to sell your position,
• Multiply exposure - Use borrowed funds to buy more bTokens, amplifying your gains.

Key Metrics

• Market Price -- The current trading price based on protocol liquidity.
• BLV (Baseline Value) -- The guaranteed price floor, backed by reserves.
• Premium -- The % difference between market price and BLV.
• Volume -- Baseline generates fees from trading volume. More volume means more staking rewards, and faster BLV growth.

Trading Strategies

• Conservative: Buy bTokens near BLV for downside protection
• Earn: Stake bTokens to earn trading fees passively without impermanent loss
• Capital Efficiency: Borrow against bTokens at 0% to deploy capital elsewhere while maintaining exposure
• Speculative: Use Baseline Multiply to amplify your exposure to price movements without liquidation risk

Next Steps

• Earn trading fees by staking
• Access capital by borrowing
• Multiply exposure through multiply