In case you missed it, this is what we discussed in the community call on Jan. 18th, 2024!

TL;DR

• We’re going to audit feb5, launching in Feb, CAN YOU GUESS THE CHAIN!

• Lots of new improvements to the product, read the docs for details https://docs.baseline.markets/

• Will share the repayment plan soon

• More community calls will be held

Project Overview and Development

• Contracts are mostly written, undergoing testing, with an audit scheduled for next week.

• The launch timeline is anticipated around mid to late February.

• Mechanics, features, and improvements of the project were discussed.

• Token mechanics, liquidity, and the tax-free structure were explained.

• Lending from the Uniswap pool was introduced.

• Read the docs for more details: https://docs.baseline.markets/

Refund and Hack Investigation

• Community questions on the hack and potential repayments were addressed.

  1. Question: What is the status of the hack investigation, and are there any updates on potential repayments?

     Answer: The hack investigation is ongoing, and there is active communication with the Department of Homeland Security (DHS). Funds were moved into Tornado Cash around September, and a snapshot of users holding Jimbo has been taken for potential future repayments. The team is working diligently to address the situation.

  2. Question: How are security measures being improved to prevent similar incidents in the future?

     Answer: Security measures, including audits and simulations, are being implemented. The team is learning from the hack and is committed to enhancing the security of the project. Ongoing efforts include collaborating with experienced auditors to ensure a robust security framework.

  3. Question: What can the community expect regarding potential repayments, and how will users be informed?

     Answer: While specific details on potential repayments are not provided, the team is actively working on communication channels. Updates on potential repayments will be shared through official channels soon!

Launch Details and UI Sneak Peek

• The launch plan was discussed, aiming for a fair launch without a private sale.

• A community presale possibility to prevent bot interference was considered.

• UI details, including how the floor and premium will be displayed, were covered.

• A sneak peek of the UI integrating trading view was provided.

Lending Mechanism and Security Measures

• Clarifications on lending mechanics and its impact on circulating supply were provided.

• Invariants and simulations to ensure protocol stability were discussed.

• The introduction of experienced auditors for enhanced security was mentioned.

• Learnings from previous versions and continuous improvement were highlighted.

Presale Considerations and Questions from the Community

• Consideration of a community presale to mitigate sniping issues was discussed.

• Discussion on launch preparations, invariants, and possible strategies for participants.

• Additional community questions about presale considerations and strategies were addressed.

Moving forward, we'll be more active, sharing simulations, test results, and preparing for launch. Stay tuned for updates 🫡

Twitter: https://twitter.com/BaselineMarkets

Discord: https://discord.com/invite/baseline

Docs: https://docs.baseline.markets/