BentoBase

[Anonymous No.25048331]

New fork of Base Protocol except it's pegging to the total value locked in DeFi.
So institutional investment fags coming into crypto will not just be in the form of spot buying but also yield farming, we're talking about trillions flowing in the TVL rather than the overall market cap.
What do you guys think?

[Anonymous No.25048346]

Institutional investors? I'm in.

[Anonymous No.25048370]

>>25048331
I keep hearing about this, where can I read more about it?

[Anonymous No.25048385]

>>25048370
It's literally one nigerian guy in an internet cafe

[Anonymous No.25048386]

>>25048346
Yeah that’s what I said
>>25048370
Here bro, discord and telegram are very active
bentobase.io
gg/VDTF2H2DEJ
t.me/bentobase

[Anonymous No.25048417]

yes sirs no rug much legitimate token on the bentobox if u dont buy bentobox you have mukmuk for brains. bentobox is most assuredly the newest grt and link sir. bentobox to the moon!!!!!

[Anonymous No.25048437]

>>25048346
Yeah that’s what I said
>>25048370
Here bro, discord and telegram are very active
bentobase.io - site
gg/VDTF2H2DEJ - discord
t.me/bentobase - telegram
>>25048385
Lmao i can taste your salt, you’ll regret it when you’ll see this mooning

[Anonymous No.25048457]

>>25048417
I wanted to see if it really sucks as bad as you say but the project looks decent

[Anonymous No.25048521]

>>25048457
They keep hating until they see us moon, then they FOMO

[Anonymous No.25048689]

>>25048521
I’m gonna be early this time, can’t say no to an opportunity like this

[Anonymous No.25049058]

>>25048331
this has to be a good bet then, i mean the current bitcoin bullrun is lead by institutional investors, so if this is aimed at them it will definitely pop off exponentially once they hear about it

[Anonymous No.25049264]

>>25048689
>>25049058
Indeed my frens, get ready for the puamp

[Anonymous No.25049513]

>>25049264
cheers bruh

[Anonymous No.25049814]

>>25048437
Thanks man

[Anonymous No.25049908]

Wtf is tvl anyway

[Anonymous No.25049932]

>>25049908
Total value locked. It measures the value of assets locked in DeFi for staking

[Anonymous No.25050078]

>>25049932
Oh alright makes sense

[Anonymous No.25050295]

how much are you guys putting in?

[Anonymous No.25050332]

how much are you guys putting in?

[Anonymous No.25050657]

>>25050332
as much as I can, probably 20 eth

[Anonymous No.25051202]

>>25050657
i only have 7 eth but i think that's good enough to see a nice ROI

[Anonymous No.25051248]

>>25048331
>pegging
IT. IS. NOT. A. PEG
RETARDS

[Anonymous No.25051391]

>>25051248
"Soft" peg

[Anonymous No.25051430]

>>25051391
It's not a peg in any sense, soft or otherwise.

[Anonymous No.25052384]

>>25050332
i'll do an easy 5 eth

[Anonymous No.25053184]

mfw i finally make it from BBASE

[Anonymous No.25053684]

>>25053184
more like BBASED

[Anonymous No.25054637]

>>25049264
love that pepe

[Anonymous No.25055581]

what's this?

[Anonymous No.25055604]

>>25055581
A rebase coin pegged to TLV. TLV is probably the best metric for long term growth of the DeFi market so I would imagine this will do really well

[Anonymous No.25055611]

>>25051430
It’s called synthetic exposure retard.

[Anonymous No.25055757]

>>25055611
No, it's not that either. It's rebasing, which is simply changing the unit used to count aka nothing at all.

[Anonymous No.25055810]

>>25048385
this but unironically, looks like crystalblue all over again

[Anonymous No.25055844]

>>25055757
In order to push price to the soft peg. So price will trend to TVL but it isnt locked to that price. Hence "soft" peg

[Anonymous No.25055945]

>>25055844
>In order to push price to the soft peg
Absolute no evidence this means market cap will follow this """peg"", making it.. not a peg,

[Anonymous No.25056044]

>>25055945
>>25055757
I don’t understand what ur sayin can u explain it better?

[Anonymous No.25056423]

>>25048331
can anyone who understands tech have a look at their github and see if its dogshit or actually legit

[Anonymous No.25056516]

>>25055945
Market cap? Do you mean price?
So I guess you don't understand how supply/demand works.

When supply increases it pushes price down and when it increases it pushes price up. The opposite is true for demand.

So the "soft" peg comes in because supply is adjusted to match demand at the pegged price. This doesn't happen instantly but over time until the asset finds equilibrium.

This is the entire concept of rebase coins based on hundreds of years of economic theory.

[Anonymous No.25056973]

>>25056516
No, I mean market cap. That's what matters, because the rebases make price useless to use for comparisons. The rebasing is LITERALLY just changing a number in your wallet, it has no other effect. It doesn't affect how large of a share of the market cap you hold, so market cap has to be used to measure performance. I can't believe you don't understand how a rebase doesn't affect anything, it's like exchanging your 1 euro coin for 2 0.5 euro coins and then renaming the 0.5 euro coins to 1 euro coins. You have the same amount of money.

[Anonymous No.25057458]

>>25056973
Your head is all over the place, lay off the drugs for a bit. We are talking about supply adjusting to reach equilibrium, this takes time and no one expects it to match perfectly day one. AMPL hasn't even found equilibrium yet and it is the first rebase coin.

It might be hard for you to think multiple steps ahead but as price comes closer to its soft peg more people will treat it as a representation of TVL. Until then we will collect rebases as supply adjusts.

[Anonymous No.25057739]

>>25057458
It doesn't adjust anything except the unit you use for counting. Your "share" of bentobase as a whole doesn't change. AMPL has exactly the same flaw. There is NO data suggesting that changing the unit of account will make the market cap track the thing you use to determine the rebases. There is no "soft peg". Show proof of this correlation or gtfo. It's a not so clever marketing trick.

Consider the following: I make a rebase token tomorrow that rebases based on COVID reported cases. Will this make the total value of my shitcoin correlate to the number of covid cases? No data suggests it will. None. The onus is on the person introducing the rebase mechanism to show that it actually creates this correlation.

[Anonymous No.25058068]

>>25057739
too much text bro I need to be spoonfed

[Anonymous No.25058213]

>>25057739
You fail to understand that sentiment controls price and price and supply is what makes up marketcap. There will be a long adjustment period where supply tries to find equilibrium, that is our opportunity to collect rebase.

I understand not everyone has a masters in economics but bear with me. Once we reach equilibrium and people trade the asset as if it is TVL marketcap and everything will reflect this new equilibrium and follow. This experiment is a reflection of countless other synthetic assets that follow their peg due too people having the same sentiment, such as derivative products

[Anonymous No.25058486]

>>25057739
>>25058213
This. Sentiment is another huge part of the equation. You keep trying to over simplify the complexities supply/demand and price.

Synthetic assets work primarily because we beleive they work and they usually have some third party controlling supply to keep supply/demand from interfering and those market makers profit off this.

The rebase mechanic decentralized the role of the marketmaker and allows us to profit with the rebase system

[Anonymous No.25058844]

>>25058486
Not everyone understands the economics of rebase

[Anonymous No.25059023]

>>25058844
This coin will probably end up just like AMPL where half the holders are in it just for the rebase meme and the other half will actually understand the economics that make it great

[Anonymous No.25059032]

so when are they releasing it?

[Anonymous No.25059281]

>>25059032
They haven't announced it yet. I am just keeping an eye on the discord until they do gg/VDTF2H2DEJ

[Anonymous No.25059337]

>>25058213
>>25058486
Zero. Evidence.
None. There is no data that suggests the rebase mechanism works as advertised.

[Anonymous No.25059594]

>>25059337
Repeating yourself over and over again doesn't prove your point. You just don't understand the economics of it

[Anonymous No.25059971]

>>25059594
How about some evidence then? Data, not "we think that this thing will induce a mass psychology that makes the price track", but actual data.

[Anonymous No.25060206]

>>25058486
>Synthetic assets work primarily because we beleive they work and they usually have some third party controlling supply to keep supply/demand from interfering and those market makers profit off this.
Those mechanisms actually expand or contract supply. They don't simply change the unit of account. The synthetic assets like you describe work off the expectation that you can sell back your synthetic asset and get a "tracked" price (which has a usually, low counterparty, risk).
>The rebase mechanic decentralized the role of the marketmaker and allows us to profit with the rebase system
Rebasing is not at all the same or even similar to this, since the "expansion and contraction of supply" is the equivalent of converting something from base 2 to base 10 or moving a decimal point - like starting to price things in mBTC over BTC. It's uniform across all wallets (unlike something like synthetix, which actually works), not in the same category.

[Anonymous No.25060241]

>>25060206
*,usually low,

[Anonymous No.25060613]

>>25060206
This shit is too big brain for me

[Anonymous No.25060632]

>>25060613
Yeah you already said so once. Stick to the top 10 if this is too complicated.

[Anonymous No.25060857]

>>25060632
Don’t be fucking rude

[Anonymous No.25060991]

>>25060206
It feels like you are intentionally ignoring everyone who says its not going to follow TVL for a really long time as it searches for equilibrium.

>expectation that you can sell back your synthetic asset and get a "tracked" price

Sentiment. Pretty much my point

[Anonymous No.25061070]

>>25060991
In those cases there is a counterparty that would have to buy your shit back or be taken to court. The mechanisms are completely different, which is why synthetix works and rebasing doesn't.
>not going to follow TVL for a really long time as it searches for equilibrium
And there is nothing to suggest that it would actually track after this has "equilibrium" has been achieved.

[Anonymous No.25061211]

>>25060991
>>25061070
The entire thing basically hinges on "people care about price not market cap so their actions will make it track". But the majority of the trades are not done by retards. If the "price" does not accurately reflect a consistent share of the total market cap, then people in the trade bots and excel sheets will simply fix a unit that they use and ignore the rebase. AMPL has *some* sort of case for their idea, as it tracks a dollar and their project hinges on price stickyness. This would require AMPL basically being adopted as the unit of account everywhere (it won't be). Every other rebase project has no such case.

[Anonymous No.25061577]

>>25061211
>>25061070
>>25060991
Too much text

[Anonymous No.25061820]

>>25061211
I think you are still missing the point. Investors of AMPL don't want it to stabilize at $1, they are betting on the demand of a decentralized stablecoin to outweigh the current supply so price stays above the soft peg and feeds them rebases in the search of equilibrium. Investors made the same bet with BASE and received a fat return but a high volatility index is arguably too much for a rebase coin to handle. That is why BBASE is pegging too TVL.

Ultimately all rebase coins are still an experiment and who knows what can happen in the wrong run but looking at AMPL the volatility has been been decreasing which suggests it could be closing into some form of equilibrium

As more rebase coins are successful consumers will become more confident that these assets can track their peg and that is honestly all it needs. As demand increases for these assets they will still go through spikes which only rewards investors with the rebase mechanic

[Anonymous No.25061862]

Bounce pre-sale = 50% chances it's a scam

[Anonymous No.25061951]

>>25061820
>I think you are still missing the point. Investors of AMPL don't want it to stabilize at $1,
I never said this. Obviously they want positive rebases.
>soft peg
Not a peg of any kind.
>volatility index is arguably too much for a rebase coin to handle
There's no use cases for this token one that would stabilize it, unlike AMPL.

I'm out of this thread honestly. Nobody wants to listen and this token will be forgotten in two months tops. It's all a meme that sounds kinda maybe plausible and uses buzzwords sell on, get the initial pump and get out. Just don't hold this thing when people stop talking about it. Rebase coins will never work.

[Anonymous No.25062093]

>>25061951
>There's no use cases for this token
So you really think there is no use case for a decentralized index?

>I'm out of this thread honestly. Nobody wants to listen
Damn, I thought you were here for a debate, I was having fun. If you just want to find a group of people to circle jerk you then this really isn't the place

[Anonymous No.25062195]

>>25062093
>>So you really think there is no use case for a decentralized index?
No (secondary) use cases to stabilize it relative to the tracked feed. The price stickiness angle requires this.

[Anonymous No.25062222]

>>25062093
and, I've made my points. People that want to can weigh what I've said against past and future posts. The arguments are pretty simple.

[Anonymous No.25062421]

>>25062222
Honestly, I dont think anyone is going to read any of this thread. Too many fucking words

[Anonymous No.25063101]

>>25062222
Don't rope when this moons faggot

[Anonymous No.25063173]

>>25062421
people will understand BBASE is valuable regardless of wether they read this thread or not

[Anonymous No.25063587]

>>25063173
not everyone will understand it, there will be people who will FOMO in later
we'll be the ones who benefit anyway

[Anonymous No.25063627]

>>25063587
i guess you're right, power to us

[Anonymous No.25063688]

>>25063587
They just need to look at what BASE did to get an idea on how this will preform

[Anonymous No.25063839]

>>25063688
i bet the presale will sell out sooner than the GRT ICO

[Anonymous No.25064164]

>>25063839
i believe that as well

[Anonymous No.25064274]

>>25063839
Just did

[Anonymous No.25064486]

>>25064274
very nice

[Anonymous No.25064969]

>>25064274
Christmas coming a day early boys

[Anonymous No.25065154]

>>25064969

[Anonymous No.25065326]

>>25064969
Looking forward to some thick gains

[Anonymous No.25065965]

>>25065326
STOP
THAT IS TOO HOT FOR MY EYES TO SEE

[Anonymous No.25066287]

>>25065326
white pepe butts get me rock hard

[Anonymous No.25066781]

>>25064969
SANTA'S GIFTING MONEY THIS CHRISTMAS

[Anonymous No.25067291]

>>25066781
Trump*

[Anonymous No.25067346]

>>25065326
Pepe got cake doe

[Anonymous No.25067603]

>>25067346
totally, as BBASE got the bread

[Anonymous No.25067623]

Is Denny da rocket shilling this?

[Anonymous No.25067777]

>>25067623
who da f0k is denny

[Anonymous No.25068504]

>>25067623
everyone will hear about it eventually

[Anonymous No.25068847]

>>25068504
that's true

[Anonymous No.25069273]

>>25048331
i like the idea, i don't get why they chose a sushi as their logo but it's definitely a good idea

[Anonymous No.25069549]

>>25069273
The name and logo could be better but the idea of rebasing to TVL is really good. More than makes up for it

[Anonymous No.25069996]

>>25069273
not enough calories in sushi

[Anonymous No.25070432]

>>25069549
Finally a smart nigga in the thread

[Anonymous No.25070458]

>>25069996
Isn't that a good thing though?

[Anonymous No.25070516]

The TG is full of trannies and fags... LGBT+ coin

[Anonymous No.25070803]

>>25070458
not for a fat nigga

[Anonymous No.25071129]

>>25070803
I think that would be extra good for a fat nigga. Help them lose some weight

[Anonymous No.25071499]

>>25071129
probably true but sushi is also rich nigga shit

[Anonymous No.25071938]

>>25071499
gas station sushi is cheap

[Anonymous No.25072507]

>>25071938
Ya, if you hate your insides

[Anonymous No.25073206]

>>25071938
I have never even seen gas station sushi

[Anonymous No.25073567]

>>25073206
I think it is just a meme

[Anonymous No.25074197]

>>25073567
I feel like no one would trust it so it has to be