Project Overview
Based is the premier DeFi hub built on top of the Hyperliquid decentralized exchange. It aims to provide a sophisticated user experience, making leverage trading and various DeFi services more accessible. By leveraging Hyperliquid’s powerful L1 infrastructure, Based integrates multiple services within the ecosystem into a single, efficient platform.
Key Features & Advantages
- Unmatched Performance: Utilizes Hyperliquid’s L1 to achieve low-latency, high-performance trading operations.
- Ecosystem Leader: As the largest builder node platform, it has rapidly grown to account for approximately 20% of Hyperliquid’s total Perp volume.
- Strategic Partnership: With investment from Ethena Labs, it is accelerating the integration of USDe and USDtb. Currently, it is building “HyENA,” a dedicated ecosystem DEX.
Airdrop Potential
While the official token launch and airdrop dates are unannounced, expectations are sky-high due to the strategic investment from Ethena and its dominant market share within the rapidly expanding Hyperliquid ecosystem.
How to Participate
- Access the Platform: Visit the Based Official Site.
- Connect Wallet: Connect your wallet (e.g., MetaMask). Ensure you have assets on Hyperliquid to begin.
- Active Engagement: Trade and utilize DeFi services through the interface to build up your on-chain history.
Risks & Considerations
Being built on Hyperliquid means the project is subject to the security and volatility of the underlying L1. As with all DeFi protocols, smart contract risks apply. (Non-financial advice. DYOR.)
