Improved blue-chip exposure to DeFi, with more yield!

The results

  • LINK will be added in the form of the crvLINK farm on YEARN at 9.17% yield.
  • CRV will be added in the form of the yveCRV* farm on YEARN at 17.68% yield. After much discussion, the team choose yveCRV here over yvBOOST due to the additional $PICKLE protocol risk in yvBOOST. The yield will still be compounded by BasketDAO.
  • aKNC, aREN and aMKR will be unwrapped back to KNC, REN and MKR


So begins the path to a truly decentralised index


Mandate

BDI’s mandate will be to provide diversified exposure to DeFi blue chips, while charging no fees and farming yield safely. It is aimed at the long term passive investor as a safe set-and-forget investment.

Inclusion criteria

Constituent inclusion criteria

  • The token is available on the Ethereum blockchain.
  • The protocol is considered to be building a useful product for the future of DeFi.
  • The protocol has significant usage.
  • The protocol has been launched at least 90 days beforehand.
  • There must be…


How BDPI increases in value and xBASK holders get paid

Where does the yield come from?

  • cTokens appreciate in value and are able to claim COMP rewards
  • aTokens are streamed more aTokens
  • xSushi appreciates in value

What is the yield distribution


Time to take this to the next level


Assemble a team of DeFi veterans of various expertise and reach to build an ecosystem of index-related products

Advisor

  • is a recognized authority in a relevant topic who we can talk to and bounce ideas off
  • is well-connected enough make these said arrangements
  • Tokenomics
  • Governance
  • Growth (biz-dev & partnerships)
  • Future products
  • Community management

Compensation

  • TVL $250M on DefiLlama — 75 BASK
  • TVL $500M on DefiLlama — 200 BASK
  • $BASK Price $2500 on Sushiswap — 75 BASK
  • $BASK Price $5000 on Sushiswap — 150 BASK


77M TVL and still climbing!

So what’s BasketDAO?


A ramble for those with too much time.

Before we begin..

BDPI’s mandate will be to provide diversified exposure to DeFi blue chips, while charging no fees and farming yield safely. It is aimed at the long term passive investor as a safe set-and-forget investment.

BDPI will not be a yield maximizing token; safety and security of funds will always come first, and we will have strict inclusion criteria both for tokens and acceptable farms.


Quadratic Airdrops

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