@alexcan
BasedApp
Looking at DefiLama, there are 100+ perpetual exchanges now. The perp meta caught traders' attention, and where there's demand, supply follows often in the form of teams building quickly with point systems.
Based is an omnichannel trading platform for Hyperliquid, backed by Ethena. And it's legit:
Team: Carnegie Mellon MSc graduate + National University of Singapore student
Season 2 Stats:
* 16,270 active users
* Avg volume: $920,050
* Top 1K threshold: ~$173.1k volume needed
Fees are tier-based on 14-day rolling volume (calculated daily UTC)
Current Farming (Season 2):
Earn Based Gold instead of XP. 10M Gold distributed per 3-day epoch:
🔹 Trading: 1.4x Gold on spot pairs | 2x Gold on HyperEVM pairs
🔹 Vaults: No rewards
🔹 BasedPals NFTs: Earn via trading → blind boxes → collectibles
🔹 Livestreams: Stream your trading, earn Gold (currently whitelisted, opening soon)
Key Detail: Season 1 XP holders are eligible for Based Token airdrop. Don't sleep on Season 2—farm while it's live.
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