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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