Governance
BASED Token
BASED is the planned governance token. The active deployment path does not currently deploy BASED or its staking contract.
Token Distribution
- 76.3% Community (see BD Key Concepts PDF for full breakdown)
Proposed Revenue for Stakers
If implemented as described, BASED token stakers would 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 BD or BD)
Distribution Strategy
TBD
Protocol Owned Liquidity (POL)
Base Dollar uses Protocol Owned Liquidity instead of Protocol Incentivized Liquidity (PIL).
POL Treasury Revenue
The POL treasury earns:
- AERO from LP borrowers
- BD from interest rates
- Trading fees from BD, BOLD, ETH and BD pools
The treasury locks AERO as veAERO to support pools and establish permanent liquidity.
Revenue Distribution
Interest from Regular Branches
| Recipient | Share |
|---|---|
| Branch Stability Pool | 75% |
| Configured interest router | 25% |
AERO from LP Token Branches
AeroManager charges a 10% default claim fee, capped at 20%, and sends it to the configured treasury. Remaining rewards are allocated to borrowers through reward epochs.
Base Dollar AERO Strategy
A fixed veAERO voting or POL allocation strategy is not implemented in the current contracts.