In BTC 1.0, we incentivized adoption of Baseline Loops and distributed 400,000 Gold across 426 wallets. Continuing with the success of this competition, we’ll be distributing another 400,000 Gold over 10 days, starting 00:01 UTC on Oct 21 and ending 23:59 UTC on Oct 31.

Distribution

Each week, 200,000 Blast Gold will be awarded based on volume looped and unrealized PnL in Baseline Loops, calculated as follows:

1. Volume: Rewards are distributed pro-rata based on participant’s looped volume (buys or sells) during the week, and

2. PnL: Rewards are distributed based on unrealized PnL with the best AND worst unrealized PnL receiving the highest rewards:

   1. PnL is within 25th and 75th percentile: 1x multiplier

   2. PnL is between 10th-25th OR between 75th-90th percentile: 1.5x

   3. PnL is less than 10th percentile OR greater than 90th percentile: 2x

This applies to YES, MACHI and the newest addition to Baseline ecosystem: AI.

Example

Suppose total looped volume (buys or sells) across all pairs was $1M for the week.

• A user who traded $10K gets 1% of weekly Blast Gold

• A user with high PnL (top 10%) receives a 2x boost on their Blast Gold, relative to others without a boost

• A user with low PnL (bottom 10%) receives a 2x boost on their Blast Gold, relative to others without a boost

• A user with average PnL (between 25th and 75th percentile) won’t receive any boost on their Blast Gold

Eligibility

To be eligible for the weekly Blast Gold rewards, users must loop during the week of competition to qualify. YES, MACHI and AI qualify.

What changed since last BTC?

• No more time multiplier

• Total looped volume (including buys & sells) instead of collateral

• Users must loop during the week of competition to qualify

• Extends to all future Baseline tokens, including YES, MACHI and AI

Disclaimer

Like any strategy, looping carries risks, so be sure to DYOR before executing. Learn more: https://docs.baseline.markets/utility/loops. Baseline Markets may revise these Rules at any time. The competition and rewards may also be terminated at the sole discretion of Baseline Markets.