Governance
BaseD Token
BaseD is the governance token of BaseDollar Protocol.
Token Distribution
- 76.3% Community (see BaseD Key Concepts PDF for full breakdown)
Revenue for Stakers
BaseD token stakers receive:
- 10% of all interest collected on the protocol from regular branches
- 10% of all AERO farmed from LP token branches
Voting Power
The protocol will fork LQTYv2 governance, with voting power accruing over time.
Governance Powers
When governance is active, BaseD holders can vote on:
- New collateral to be accepted (TBD)
- Where to allocate BaseD veAERO voting power (within whitelisted pools involving BaseD or BaseD)
Distribution Strategy
TBD
Protocol Owned Liquidity (POL)
BaseDollar uses Protocol Owned Liquidity instead of Protocol Incentivized Liquidity (PIL).
POL Treasury Revenue
The POL treasury earns:
- AERO from LP borrowers
- BaseD from interest rates
- Trading fees from BaseD, BOLD, ETH and BaseD pools
The treasury locks AERO as veAERO to support pools and establish permanent liquidity.
Revenue Distribution
Interest from Regular Branches
| Recipient | Share |
|---|---|
| sBaseD | 80% |
| POL Treasury | 10% |
| BaseD Stakers | 10% |
AERO from LP Token Branches (35% Protocol Tax)
| Recipient | Share of 35% Tax | % of Total AERO |
|---|---|---|
| POL Treasury | 80% | 28% |
| FsBaseD | 10% | 3.5% |
| BaseD Stakers | 10% | 3.5% |
BaseDollar AERO Strategy
The protocol:
- Earns 28% of all AERO farmed (after distributions to FsBaseD and BaseD stakers)
- Locks it as veAERO
- Votes for sAMM_BaseD/BOLD & vAMM_BASED/ETH once live
- Collected fees are compounded into POL