- What is the project aboutREBASE is the first rebase project on Base. - It shares an ideological root with its predecessor,Ampleforth,and believes in the future of elastic supply cryptocurrencies. - REBASE aims to bring this type of digital asset to Base,as a key #DeFi primitive,so other interesting DeFi components can be built on top,whether flatcoins,vaults or more. - What makes your project uniqueRebase is the first rebasing token on Base. - Rebasing is a concept introduced by Ampleforth in 2017,but gained popularity during the DeFi Summer bull run of 2020. - Rebase refers to the fact that the token supply is elastic,and changing to market price. - This concept means price volatility is shifted to supply volatility,allowing for a new generation of DeFi products to be built on top.History of your project.Rebase launched in August 2023 as a completely fair launch project. - There was no premine and 85% of the supply preloaded into Volcanos,the community liquidity reward program. - What’s next for your projectRebase plans to be the largest rebase project on Base,making rebase great again and helping make Onchain Summer the next wave. - Rebase hopes to expand into the rapidly growing Base ecosystem and see various projects utilize Rebase as a primitive and liquidity layer.What can your token be used forBase is a digital commodity money,like Bitcoin,so it can be used in many ways Bitcoin is: as an uncorrelated asset to the wider market,as a liquidity backstop for a protocol,as a medium of exchange for DeFi. - Rebase is also supply elastic like Ampleforth,because of this innovation it can be used for innovative things such as a liquidity layer on protocols similar to Balancer,allowing for noimpermanentloss liquidity pools,or as a backstop for flatcoins such as AMPL and SPOT..
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