Skip to main content

FsBaseD Pool (Flying sBaseD)

FsBaseD is an opt-in layer on sBaseD that covers liquidations for ALL LP token collaterals (vAMM and sAMM).

What is FsBaseD?​

FsBaseD is an aggregated stability pool for LP token liquidations:

  • Opt-in layer on top of sBaseD
  • Covers all LP token types (no individual SP for each LP)
  • Earns 10-20% of AERO collected from LP borrowers
  • Earns liquidation gains from LP liquidations
  • Easier maintenance (one pool vs multiple)

How to Use​

1. Deposit to sBaseD First​

You must deposit BaseD to sBaseD before opting into FsBaseD.

sBaseD is parallel to sBOLD in Liquity V2 and allocates to underlying Stability Pools.

2. Opt-in to FsBaseD​

Once deposited to sBaseD, opt-in to FsBaseD to:

  • Cover LP token liquidations
  • Earn AERO rewards
  • Earn liquidation gains

3. Withdraw​

To withdraw, opt-out of FsBaseD first, then withdraw from sBaseD.

What You Earn​

As an FsBaseD depositor:

  1. AERO Rewards: 10-20% of AERO collected from LP token borrowers
  2. Liquidation Gains: LP tokens from liquidations at discount

From the protocol's 35% AERO tax, 10% goes to FsBaseD depositors.

Why FsBaseD?​

Easier Maintenance: No individual stability pools for each LP token type. One aggregated pool covers all vAMM and sAMM liquidations.

Capital Efficient: Shared liquidity across all LP types provides better coverage.

Risks​

  • Exposed to all LP token types (vAMM + sAMM)
  • LP tokens received from liquidations have impermanent loss risk
  • Must opt-out before withdrawing from sBaseD

For more details, see LP Token Collaterals and AERO Distribution.