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On this page
  • Basethereum and the Leetswap Exploit
  • Claiming $BASIN
  1. Launch

Migration

For $SHARE and $BETH holders

Basethereum and the Leetswap Exploit

Basethereum was a seigniorage protocol inspired by Basis Cash and Tomb Finance. It was one of the first Defi projects to launch on Base Mainnet. The liquidity for its two tokens, Seigniorage Share ($SHARE) and Basethereum ($BETH) were on Leetswap.

However, due to a vurnurability in the Leetswap's router, SHARE/ETH and BETH/ETH LPs were drained resulting in a total of net $91,000 USD loss.

Holders of SHARE and BETH, as well as SHARE stakers and SHARE/ETH and BETH/ETH LPers will be compensated through a migratory claimdrop for $BASIN.

Pricing of SHARE and BETH as well as LPs is currently as follows:

Asset
Last Market Price Per Token
Migration Price
Grace Premium

SHARE

$85

$100

+17.6%

BETH

$1185

$1400

+18.1%

SHARE/ETH

$256

$300

+17.1%

BETH/ETH

$3015

$3500

+16%

Claiming $BASIN

  • Affected addresses must have opened a ticket or posted their onchain information in the Discord's #migration channels

  • $BASIN will be vested linearly for 2 weeks upon liquidity launch. This is to prevent instant dumpage.

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Last updated 1 year ago