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Let’s Touch Base with BMX (V2)
Recorded: March 26, 2025 Duration: 0:52:42Space Recording
Short Summary
The BMX ecosystem is rapidly evolving with the launch of Version 1.5, integrating major NFT platforms and exploring partnerships for NFT launches. With impressive growth metrics, including $4 million in TVL and innovative yield opportunities for stakers, BMX is set to become a key player in the DeFi and NFT spaces.
Full Transcription
Thank you. 5. You know what this calls for? This calls for a wrap.
Warpcast streams.
I'm trying
to get the crew back up here.
Wow, you guys,
I'm usually really good about saving these.
I have my desktop open
and I jump right in if this ever crashes
and I've saved spaces successfully
that way, but it wouldn't let me reopen this one.
Oh, Rach, I felt so guilty because you just brought me up, and then it rung like two seconds later.
Yeah, it was, the space couldn't handle Bass Junkie, you guys.
He's got big bass energy. So it just
crashed and tumbled.
Alright, we'll
get all the friends back up.
No worries, guys.
I think this calls for a wrap
while we share.
I thought you meant creator's intern. I thought you meant creators intern.
I thought you were saying, okay, that's a wrap.
No, no, no.
I think this calls for a wrap.
Yes.
Let me, let me know if it's too loud or quiet or if it's not working.
I'm going to, I'm going to pipe it in now.
Sounds good.
We're back.
We're so back.
Creators intern, we should actually,
we should incorporate the Twitter rug into the rat, maybe.
Glad to see Elon rugged us. Thank you, Elon.
Yeah, let's incorporate that
in. And this is why we need
Web3
Farcaster spaces.
Oh, man. I can't wait for a
Farcaster to start doing something like that
so it can promote media
Yeah Block flow, scaling up a new groove Base layer 2 lays the track smooth
Rolling on chains, no derail, spit the truth
Devs pedal hard, decentralized proof
BMX rim spin, on chain we ride
DeFi ramps built, liquidity collide
Traders pop tricks, no cap we glide
On Ethereum streets, where the futures reside
Gas fees lighter, transactions so tight layer to boost keeps the network in flight like a freestyle park
No limits in sight defy options lit
Shining bright lights riders of the code poor liquidity streams
Swaps hit faster fulfilling their dreams rail flies through protocol tech supreme of BMX ecosystem stacking up the cream
Vaults for stacking yield farm in the play liquidity pools deeper than the words I say smart contract grind blockchain
Ballet every pedal push counts paving the way
BMX spin on chain
We ride the fire ramps built, liquidity collide,
Traders pop pricks, no cap, we glide,
On Ethereum streets, where the futures reside. Yeah. Wow, that was absolutely incredible.
The Creator's Intern, thank you so much.
You guys, he came in as a beginner just learning about BMX.
Now we're starting V2 with the BMX rap from the Creators Intern.
Thank you so much, Matt.
So yeah, Lachlan, would love to dive deeper into the agenda
and continue going through everything.
We're going to continue sharing this new room out,
and hopefully we get some more folks in here.
Cool. Yeah. So I went over three different products and yeah, in terms of base media X,
what's ahead? I mean, version one, just to wrap up the last question, I don't know when it cut out,
but yeah, version 1.5 just came out integrating OpenSea and Magic of Eden.
A lot of this stuff is kind of new.
So it's not going to happen overnight.
But new integrations, new features, a lot more NFTs listed, expanding beyond NFTs.
Who knows if there's some sort of partnership with the base team and whatnot because they're investors.
But I really have no idea.
And yeah, to be honest, I don't have all the answers. I think there's a lot of stuff planned
and Meow always leaves clues in his tweets,
but I'm not really privy to anything.
So Lachlan, just a quick question for me
regarding the NFT side,
because I think that is, it's a super interesting topic.
And I think the base NFT ecosystem is heating up.
I'd love to see what you guys are doing with the secondary sales of NFTs.
Are you planning to expand into launching NFTs, NFT launchpad, by chance uh i have not heard mention of this but that seems like a very promising route
so i'm sure it has been considered and if it makes sense uh meow and the team would move forward on
that because i'm not i'm behind the scenes a little bit but i'm not really like you know i'm
not officially part of the team or anything like that. So I think that would make sense, though.
And also, by the way, if anyone has any of these questions, like Meow always answers stuff. So even if you if I don't have the answer, it's very easy to just respond to one of his tweets and be like, have you guys considered this?
And you'd probably give an answer pretty quickly.
Awesome. I also see a big opportunity here for collaboration. So Bill and Base Junkie are actually doing a lot of work for the NFT community through NFA. I don't know what that would look like, but I feel like there's a lot of shared values and sentiment of the NFT community. I know Malfosaurus is super bullish on base NFTs. So not sure what that would look like, but that would be really awesome to see that collaboration.
So not sure what that would look like, but that would be really awesome to see that collaboration.
Yeah, we're supposed to be speaking.
Hopefully we can catch Malfasaurus.
I know he's super busy, but he was interested in the NFA.
And I think combining forces would be insanely bullish for the entire base ecosystem.
So I look forward to kind of hearing his thoughts.
But one thing I like about BMX is they're capturing everything, the DeFi market.
If they really make the push in the non-fungible side, that's even more bullish.
So, I mean, BMX is like a beast in the making.
Yeah, definitely.
Also, one of the tokens, RAP-BLT, is actually can be used as intermediary token for swaps.
So, meaning if someone uses Kyberber swap, and I'll explain this
a little more in depth, but basically like, there can be extra revenue generated from rapid BLT,
being automatically used as intermediary token. And there's a few other ways as well that like,
for example, BASE has teased a lot about how they don't want people to know if they're using the
centralized exchange or decentralized exchange. So this me to suspect that bmx and other projects will be integrated on
the front end which would really increase volume as well but who knows the timeline for that i think
the base head of d5 tweeted like two days ago that there's a lot of crazy stuff happening in q2
that no one can even imagine so johnny johnny tv yeah yeah
awesome well to just uh dive deeper into the agenda here so we went over uh some of your
products so we have dmx classic vmx freestyle base media x um is there anything that you
else that you want to go over from the product side before going
into the roadmap and what's next? From the product side, I think just the tokens, I guess, because,
you know, RAPTBLT actually is a product in a way. So maybe that first and then roadmap.
Sure, let's go. Yeah. So I mentioned before, but just to recap, there's the BMX token and the Route to BLT token.
So BMX token is the governance and revenue share token.
So it's earning shares.
So if you stake it up, you're getting 60% of base media X revenue, 30% of freestyle revenue, and 20% of BMX classic revenue.
And you can also direct where the rewards go.
So you can vote to change these up.
And when you stake it, you start earning multiplier points.
And this grows over time.
So imagine that someone stakes for a year.
They're going to be earning a lot more than someone who staked for a night.
But if they unstake their tokens, they stop earning that revenue.
And then the multiplier points for everybody else goes up.
And obviously this, you know, depends how much they staked.
If they staked $1 for a year, then it wouldn't impact.
But obviously if someone who's bigger, if they sell that and then sell their tokens,
then all the rewards from the ecosystem would, you know, more of those would be given
to other people. So that's how the BMX token works. I've staked up a bunch for a while,
just earning those multiplier points. And then there's also wrapped BLT. So essentially there's
a BLT pool that provides liquidity for BMX Classic. It's half stablecoins, half Bitcoin, ETH, Aero, and
Well. And how this works is that it's essentially, it's earning revenue from all those different
products. It's also auto compounding yield that it earns. So it's reinvesting in itself to earn more interest.
It's also being used as an intermediary token in swaps. So say I want to swap ETH to USDC on Kyber
swap. It might not, it could actually, the ETH could be put into the pool, or the ETH could be swapped
for wrapped BLT and then swapped for USDC or different variations that earn swap fees for
wrapped BLT. And this would all happen on the back end. And the reason the pricing would be
better is because the pool composition of BLT could change. So each of these assets has a target
weight. So I don't know their weights off the top of my head, but let's say ETH is like 15 or 20%. If there's less ETH in that pool, then just like a regular liquidity pool, pricing would change to incentivize ETH or any of those assets back to their target weight.
KyberSwap or Matcha to rebalance it, but at the same time, earn more revenue for the pool.
It's already been integrated with KyberSwap, Matcha, and RapptBLT, if you own it, so you're
automatically, you have market exposure because if everything goes up or down, you're also
subject to this. Like if ETH, Bitcoin, et cetera, go down, this is, go down, it impacts RAPTBLT to an extent, but it's also earning
revenue from the different products, auto compounding yield, earning swap fees, etc.
And you can now use it as a pair, you can use it in DeFi, so you can provide it to a liquidity pool
such as the Aerodrome RAPTBLT USDC pool, or you can lend it out on like a star to earn yield there.
So it's essentially, it's almost like this, like token that provides you market
exposure and yield as well.
And projects can also use it as a pair for their liquidity pool.
So if you have a new token, you could, you could combine it with
wrapped BLT instead of ETH.
So if ETH tanks 10%, Wrapped BLT might only go down 2%.
So it's less market exposure for these projects as well.
So there's kind of new use cases being developed.
But yeah, you're essentially becoming a liquidity provider who's getting
yield and market exposure.
And I think over time, as the projects all grow, RapidBlt is going to be earning more as well.
It's almost like a new form of stablecoin that has some market exposure and earns yield.
Awesome. Well, I'm curious because I have seen BMX cooking at quite a rapid speed.
What things on the roadmap are you most excited about, Lachlan?
Yeah. Yeah. Oh, the one thing I want people to know as well is that like,
I just had this like in my notes under the under the roadmap section but it's it's actually
kind of just relevant in general is so like a couple weeks ago this is just the figure i was
going off of but there was four million in tvl on bmx there's a bit less now and a hundred thousand
dollars usd was earned that week which is like a crazy amount. Because when you analyze that, that's like 5.2 million in revenue on 4 million in TVL.
So it's just a very capital efficient ecosystem.
And as the TVL grows and their revenue grows, it directly impacts BMX stakers.
So it's earning quite a lot for the amount of assets actually in the protocol.
But what's actually next?
As I mentioned, I suspect that at some point, it'll be much easier.
It'll be like automated to trade through BMX.
Like if it's integrated with Coinbase wallet or something like that, people won't even need to know that they're using BMX.
I have no idea what the timeline would be for that and can't confirm if it would happen.
It's just something I suspect.
new integrations and features. I don't know have too much preview on this either, but they just
New integrations and features.
launched on Sonic, which is big because Sonic's been having a lot of traction and more assets on
Base Media X expanding beyond NFTs. I think base gods will play into this somehow, given that Meow is a base god whale and really big on it.
Not too sure there.
But BMX is going to be scaling alongside base as the ecosystem grows.
So will user rewards.
So those that are early on BMX, like staking their assets, earning those multiplier points, leveraging wrapped BLT will definitely benefit.
Because right now, I mean,
the market cap price for BMX is like pretty low based on how much it's earning.
And I think as base grows, BMX will have a big play in that.
Awesome. Well, Lachlan, thank you so much for doing a deep dive here.
And I know we have more on the agenda here.
We actually have a lot more.
There's so much to cover with BMX.
It's such a comprehensive project
with so many different elements to it.
But yeah, I do want to pause here
and just say if anybody has any questions,
feel free to unmute or raise your hand.
We got the creators intern.
We have Bass Junkie.
We have Ryan up here.
If anybody wants to chime in
or ask any questions to Lachlan.
If not, we can, we can keep this train going, you guys.
Okay.
So we talked about some things that are on the roadmap and what's next.
Is there anything on the community side that you would like to share Lachlan?
Yeah. I mean, the community chat is pretty active.
It's on Discord.
There's like a BMX chat, but there's various different chats in that Discord.
I would recommend joining there.
I think people are actually, because Meow and the BMX team have reached a lot of different
communities, like NFT communities, I think people are definitely learning about BMX more and more.
It's just slightly complex, which is why it's useful for people to be on this call.
But when you just go to docs or something like that, it's tough to get all this info.
We are working on creating seven minute docs.
So like one minute times seven, seven videos that are one minute long that explain all
of this so that it becomes much, much easier for people to learn rather than going through all the docs and slowly piecing this all together.
But for community members, Discord would be the place to go.
And then following people like Meow, myself, BMX DeFi on Twitter.
Awesome. Yeah. If you guys aren't already, you can follow bmx at at bmx defy you
can follow Lachlan um and and then me out the source as well um and I'm just
wondering Lachlan if we can get some more links pinned like for the discord
telegram any places where your community lives is there like any posts or
anything we could pin for those resources? Yeah. Let me, I just got the Discord link
right now.
How do I?
You can just
send it to me in a DM. I got
lightning hands over here when it comes
to the Jumbotron, so it has
to be a tweet to be pinned.
So yeah, just DM it to me
and I'll make a tweet.
Okay, cool, cool. while we're doing that in the
background I would love to hear from some of our other guests that are on stage the creators intern
we have bass junkie one of the let's touch bass uh family up here we got Ryan Sand who has been
extremely active in our chat um yeah we can just go down the list here. If anybody wants to unmute or share anything, uh, what do you, what do you got creators
in turn?
I'm just hanging out and listening.
I've, I'm vibing out, uh, here to support, you know, like, uh, Rachel, you've always
been here to support me and everything that we've been doing at the creators.
And, um, you know, we've got some really cool things coming out here with, uh, the base
creators directory that's dropping in early April.
So, yeah, looking forward to getting all the top creators on base and Warpcast together.
Going to be doing an activation at Farcon coming up in early May.
And then we've got ClankerCon coming up at the end of May.
I was going to say, we got to get BMX looped in with ClankerCon, man.
Yeah, absolutely.
It's going to be the top metaverse convention on base,
you know, for builders and creators.
And we're going to have all the top voices,
speakers coming and, you know,
doing networking AMAs panels.
You can have a booth, do activations,
you know, brand storytelling and absolutely
would love to have BMX come through. That would be great.
Awesome. And I also want to say for those of you that are not following the creators
intern, I had the chance to hang out with him in Denver. We actually had a wonderful
Japanese dinner on the last night of my time in Denver.
I want to say that he is the living embodiment of supporting base creators.
That is his entire mission.
And he said something earlier on his space.
I don't want to butcher this quote, but it was something to the effect of you are the projects you support.
You are the initiatives you show up every day and
support. Creators Inter, I'm not sure exactly verbatim how you worded that, but I felt inspired
in that moment. Oh, thanks so much. Yeah, that's, you got it. You know, you are exactly what you put
into this life. You know, you are what you spend your time on, on this earth. So it's those projects
you support, things you create, you know, things that you put your time this earth so it's those projects you support things you create you know
things that you put your time into um and it's important that we recognize each other and what
we're doing and um you know see that greater vision for building a better world together
and you know just recognizing each other that we're contributing to it uh can mean a lot to
a creator or a builder so if you see a creator and a builder out there,
just say hi, say that you recognize them,
look into their project, give them a little bit of support,
and it can mean the world to them.
Yeah, I just want to say, for anyone that is on this space,
all of you on stage here uniquely are bringing your gifts
to the base ecosystem and beyond and doing incredible work like every single person here.
So I just want to express my gratitude.
Lachlan, the work you're doing for BMX is incredible.
Got base junkie, Ryan, like everyone here is just playing a very pivotal role in this ecosystem.
And we wouldn't be where we're at without you guys and the community.
So thank you all.
Base junkie, I would love to hear from you next man yo thanks reage yeah um i again i came to support i came to hear more about bmx um you know i think in the spirit of you know collaborations
i mean this is the year for collabs so finding out you know how bmx is expanding what they're looking to do with
nfts you know as you mentioned earlier like um bill and i really are you know focused on you
know uplifting the base nft ecosystem via the uh the non-fungible alliance uh we've been having some
very interesting conversations with uh some of the different different projects and then also
conversations with some of the different projects and then also people in the base team.
So it's really great to see that this is getting traction.
And yeah, actually, regarding the ClankyCon, I have a call tomorrow with Jordan to talk
about how we can get some more NFT exposure there.
So, yeah, I mean, I love spaces like this where you have different creatives, different people adding value
with a similar cause to uplift each other and connect, collaborate, because at the end of the day,
you know, our favorite quote is, a rising tide raises all ships.
So, you know, if we can support each other, we can all add our two cents, add our strengths,
you know, together we can really do
some great things this year.
And that is the base attitude.
That is the base way you guys supporting each other.
We all go further together
um that's one of the reasons i love having base junkie up with us uh because that is the attitude
that he continues to champion and also one of the reasons uh we have decided you guys to do
a weekly live stream so base junkie and i will be doing another live stream this week it's called lfb
and it's really i mean what we've done so far is just showcase different builders on base so uh
yeah we'll uh we'll be keeping our eyes peeled you guys at the most active people in the base
ecosystem who are truly making an impact and uh yeah we'll be teeing up some uh some features
for this week as well um ryan i would love to hear from you next hey guys how you guys doing man i hope everybody's having a beautiful wednesday this week man it
feels kind of long these days it's just all the same day in reality though so yeah i appreciate
you guys having me up i just wanted to spread some love around let everybody know man i've
definitely got your back i'm supporting you guys builders support builders
people on base we're supporting each other man we are a base family out here so definitely high
vibrations high energy man i'm excited a small company i'm talking with decentralized bros
and i'm i think i'm gonna god i think they're gonna do something for me and we're gonna get my
company this for accepting usdc so i don't know i'm pretty excited about that this this whole thing
is just beautiful it's so exciting it's brand new we're so early when you're early it's hard to tell
it's just hard to tell because you're so early but it's all going to manifest
positive visions man visualize what you want and it's going to come so definitely bmx man i love it
sounds good i missed i missed the very beginning of that so i was kind of hoping
i could get a quick recap on what you guys are doing over there is that all right
absolutely yeah Lachlan
take it away
sorry my my like internet cut out Bali problems what was it was the question
seriously it's one of those days you guys yeah
could you just repeat the question?
So, yeah, Ryan was just asking because he came in a bit late and missed the beginning where you kind of gave a synopsis of BMX, the products.
Can you just kind of give a holistic overview of everything you discussed on the space?
Yeah, this will be good for anybody who did here as well, because sometimes it just takes a few times.
It took me like eight times to kind of really wrap my head around it.
So BMX is an ecosystem of products that earns revenue and shares all of this revenue back
with the ecosystem in a deflationary way.
So there's not token emissions diluting this.
It's actually deflationary. And essentially,
you can think of it as swaps, leverage trading, and an NFT marketplace. And there's three products.
So BMX Classic is swaps and leverage trading. So just like a regular swap, like regular trade,
or leverage trading if you want to go long or short. I believe that's up with up to 50x leverage.
And liquidity there comes from liquidity like BMX liquidity providers that put the assets
into the BLT liquidity pool.
This is similar to GMX on Arbitrum.
So the BLT liquidity pool is half stablecoins and it's half blue chip assets,
Bitcoin, ETH, Well, and Arrow. And so a swap would just be like you put one of those assets in the
pool and take out another, but leverage trading, you are the counterparty against this pool. So
if I want to go short on an asset and I lose, my losses go into
the pool and it grows and I'm paying fees, which also goes into the pools. Whereas if
I win, this comes at the expense of the liquidity pool. So if I provide liquidity to this pool, then as the pool grows over time, my share grows as well. So I'm benefiting from regular fees. I'm benefiting from traders losing.
And yeah, and then this is shared back with the ecosystem.
So 65% of revenue from this goes to the BLT.
20% goes to BMX stakers, 15% goes to incentives.
So this is one major revenue source.
Again, as I mentioned, if all these traders are making money,
this would come at the expense of the BLT pool, it would shrink,
which hurts liquidity providers.
But in general, traders lose, and it's also compensated by the swap fees that are earned.
Now, there's BMX Freestyle, which is the second product. This is not swaps, it's only leveraged trading. And this is peer to peer. So if I want to go 50x on Bitcoin,
I could open that, I request that position, someone sells that to me. So it's peer to peer,
so there's no risk to actual protocol earned, sorry, protocol owned liquidity. It's just a new
revenue source with no added risk. And this is again, shared with the three different, you know,
no added risk. And this is again shared with the three different, shared with the BLT, shared with
BMX stakers, shared with incentives, meaning aerodrome pools to incentivize liquidity. And
10% goes to buying BMX token back and burning it. And the third is BaseMediaX. So this is
for NFTs on base, but going to expand beyond NFTs in the future as assets of all types come onto base.
So this is, you know, as we start integrating real world assets, music, blah, blah, blah, anything could basically be listed here.
And it recently, as of I believe last week, potentially the week before, integrated listings from OpenSea and Magic of Eden,
week, potentially the week before, integrated listings from OpenSea and Magic of Eden,
while also allowing for bot trading because this is a big, you know, source of volume on chain.
Fees are pretty low, 1.9%. And all revenue, this is critical, all revenue is shared back. So OpenSea
see a magic of even keep all the revenue whereas on bmx it's shared with the bmx ecosystem so as
and Magic of Eden keep all the revenue, whereas on BMX, it's shared with the BMX ecosystem.
base nfts grow as bmx's dominance of the base nft ecosystem grows uh it's gonna be the bmx ecosystem
earning all of this and there's five different ways to purchase there's just regular purchasing
there's what's called english auctions and vickrey auctions. There's randomized NFT pools called Wheels of Avatar.
So, and this is interesting, I didn't really touch on this, but say I want to sell five NFTs.
One of them is rare, four are common. I could sell like lottery tickets for this. So people
buy hoping to get the rare one. And I might actually earn more and be able to sell in bulk.
and I might actually earn more and be able to sell in bulk.
And then there's Votascroad Aero NFT.
So these VE Aero NFTs from Aerodrome, those can also be purchased.
And the majority of their earnings from BaseMedia X go to BMX stakers.
That's 60%.
25% goes to the BLT pool.
10% goes to Aerodrome and other incentives, and then 5% spy back and burn.
So BLT pool, if traders are winning and BLT is shrinking, not that this happens in general,
but if that is happening, it's still earning revenue from these other products,
as well as regular swap fees, etc. So this benefits liquidity providers on the BMX ecosystem.
And as BMX grows, as on-chain trading volume grows, as NFTs grow, this all directly impacts
BMX stakers and liquidity providers to the BLT pool. For example, BASE has teased a lot about integrating DeFi projects on the backend
so that traders don't even realize they're using DEXs, et cetera. So this would be a new source of
volume if this happens. The BMX team also owns a large chunk of NFTs in the BASE ecosystem.
Meow himself owns about 130 BASE got NFTs. So I mean, I believe
there's just certain things, you know, I can't say explicitly, but I believe this has been
tweeted out a lot that the plan is to corner the base NFT market. So I don't know the exact
rollout plan for that, but they own such a large chunk of these NFTs that that'll probably
happen in due course. And yeah, those are the three products. I think
that's a good overview. And then the BMX token directs where these rewards go, so it can change
the percentage split. And also by staking the BMX token, you earn this revenue and you earn
multiplier points the longer that it's staked up. So if you staked for a year or three years,
you earn a large chunk of the revenue generated by the protocol, at least compared to the newer people. And if you unstake it, then either people therefore earn more because you're not paid out
the multiplier points anymore. And then wrapped BLT is just a wrapped version of the BLT liquidity
pool, but you can use it in DeFi. It's auto compounding rewards that it earns. And it can
be used for a couple other use cases,
like an intermediary token for KyberSwap or Matcha.
If there's a trade path through it,
then it's automatically routed through that,
which earns more revenue for the BMX ecosystem.
Wow, that's a lot of information, but I hope that helped.
All right, now everyone should leave this space a bmx expert you guys and i hope everyone is as
bullish on bmx as myself bill base junkie everyone on stage here we're here to support base builders
and i don't see anyone like going at the uh the speed that bmx is my god like all the base gods
you guys own how you guys guys are just diving into the NFT
market and doing so many things. I feel like you've covered DeFi, media, just everything in
this project. I feel like you guys have checked all the boxes of something that is really
comprehensive and amazing project. So Lachlan, thank you so much for joining us today. We are
in the last seven minutes of the space, you guys. So if there's
any questions or anyone that wants to come up,
I see some hearts in the audience. I see
monsters throwing up emojis
like crazy. Ryan,
I see Gist out there.
Henry, all of our friends here.
Feel free to request the mic and
come up on stage if you guys have any questions.
But yeah, for now,
we'll just go through. Bill,
if you have any closing thoughts or any questions, we can kind of go around the room before we close.
You're muted, Bill.
Oh, I wasn't, I didn't know it was on to me.
Where are you doing last words?
Is that what it is?
Yeah, so we're in the last six minutes of the space here.
Just going around the room to see if anybody has any closing thoughts.
I saw Monster throwing up a ton of emojis while Lachlan was speaking.
Yeah, Bill, if you have any closing thoughts or questions, feel free to share.
If not uh we
could pass it off to monster no let's go with monster like i said i'm excited for what bmx is
it's a behemoth i think mophosaurus is absolutely chad um i think i think it's not going to be done
alone though i think mophosaurus needs to rely on you know he's the biggest whale but i think
if he's able to tap into art and culture on base and
tap into more than just the base gods because you know nfts are more than just one one uh sector
and it's only it's not just base gods i think then bmx can do a massive amount of things because
there's so many builders so many collections that want to get the spotlight and you know work
together to make base the best place all things n. So I'm really excited to see what base media X does, because I think it could be a very key piece
of uplifting base NFT culture. And of course, base gods are going to do well,
but there's more than just base gods. So I'm excited to see what happens.
Thanks, Wachim.
Let's grow. Okay. So we have Monster on stage and then I do want to pass off to Henry. We got Henry the Great here. So yeah, we'll start with Monster and then kick it over to Henry. through FAM, which is through the TM100X ecosystem.
And the more that I learn about BMX and the ecosystem,
the more I realize how base of a protocol it is
and the speed at which the developers are shipping
is absolutely fascinating to me.
And I'm just extremely grateful for every single person here too.
Well, man, your phone must be hot because you were throwing up emojis like crazy.
I love to see people engage, by the way.
Nothing makes me happier than seeing people actually engaging,
throwing up emojis, breathing life into the space.
So if you're listening and you're hearing something you like, don't be afraid to throw
up hearts because, I mean, it's definitely refreshing as a host to see that y'all are
enjoying the conversation.
So thank you so much, Monster.
And you're always welcome.
Welcome to the Let's Touch Bass fam.
bass fan and uh we're gonna go ahead uh bill why don't we pin our uh link to join our telegram
group because i want to get more folks in there you guys that group has grown exponentially since
last year um and there's some really great humans in there uh jesse pollock himself is in our let's
touch bass chat we have a statuette um david so
head of ecosystem at base so a lot of super based individuals we have walk a flock of flame in that
shot wendy oh a lot of really cool people in there so uh bill if you could find the link
to uh pin it on the space that'd be amazing um and we'll kick it over to henry next
That'd be amazing.
And we'll kick it over to Henry next.
Oh, BFPM guys.
We need a royal entrance for Henry the Great, you guys.
Bring out the trumpets.
It really likes to be here.
I gave it to you guys today.
Like, you know, you are beautiful.
Once I just see your space I just hope you again I
have a question for like like he said it was talking about assets taking like
is there a particular sticking period of assets or the users can just stick
anything like that's question I have and Rachel about yesterday's space you say
you do a giveaway that I don't know how you did it.
You need to update me on that.
Yeah, absolutely.
We can pass it over to Lachlan, and then I'll come back on the giveaway.
Sorry, it was assets sticking.
What was the word there I missed?
Probably sticking. Yeah, you talk about assets sticking. Assets sticking? What was the word there I missed? Probably staking?
Yeah, you talk about asset sticking.
So I want to know if there is a particular period
or users can just stake their asset anytime.
Yeah, you can stake your assets anytime.
It's just that the longer you stake it, the higher your APR.
So for example, there's like a baseline APR that's
distributed. But if you stake, you get multiplier points and you have to claim these, which is like
obviously very cheap because it's on base. But say you claim daily or even weekly,
these add up so that the baseline APR might be like 15%, but then it'll be maybe 18%
after a month or whatever. And then after like six months, it might be like 15%, but then it'll be maybe 18% after a month or whatever.
And then after like six months, it might be like 25%.
This number might be off, by the way.
I don't know the exact, but it definitely goes up pretty fast.
And then of course, the more people that are staking, then yours might grow less.
But someone, it essentially incentivizes long-term alignment, because if you've been staking for a
year, as the BMX revenue grows, so has your multiplier points. So you're earning a lot on a big share
of ecosystem revenue. Whereas, and you can unstake at any point, it's just you're not
going to get those additional rewards. So if someone unstaked after a year when they
had a big APR multiplier points, those multiplier points would then go to other people.
So say like the top three BMX whales all unstaked at the same time, but the protocol is earning $100,000 per week.
Their additional rewards would then go to other people in proportion to how much they've staked and for
how long. So if whales unstake and even sold or whatever, that would be as the ecosystem is still
earning revenue, this would go to other people to compensate them. So they'd start earning more.
them so they'd start earning more. Awesome. Henry, I hope Lachlan was able to answer the question
there. Yeah, yes. Yes, thank you. Thank you, Lachlan. Awesome. Yeah, and as for the giveaway
yesterday, we selected our first winner from the first space. From the second space, Bill and I
need to go through and see who's done the things.
But if you're someone that has done that, we will keep that in mind from the last space.
So I'll go ahead and DM you after this.
Does anybody else have any questions?
I see we actually have base.
Thank you, Base God, in the house, you guys.
We got a legendary project.
The Base Gods are here.
Going to send an invite if the Bass Gods want to come up.
If that's Bass Disciple, always welcome on stage.
And yeah, let's see.
We got the Creators Intern and Bass Junkie.
Do you guys have any closing thoughts or questions before we wrap up?
I see Bass Gods laughing down there.
I just want to say thanks so much for having us on.
I'm always glad to be part of spaces that we're supporting base
and builders and creators out here.
So absolutely would love to chat with anybody
who wants to be involved with ClankerCon,
the largest metaverse convention on base.
And also we're getting together the top creators on base to get ready to onboard
to the the base creators directory so the the official directory of creators on base so anybody
who's interested in being part of that early adopter list or being part of clanker con definitely let
me know send me a dm my dMS are are open so let's do it
awesome well thank you so much the creators intern I absolutely love your
energy if you're not following the craters intern you guys give him a
follow he is like I said the epitome of an individual supporting creators on base so definitely
follow this guy check out clanker con um and if you're not following at bmx defy go ahead and
give them a follow as well as well as lachlan um and yeah you guys without further ado we got the
base gods here what's going on base god impeccable timing i dm'd you i'm not gonna i'm not gonna say yeah we're gonna
we're gonna save a last minute treat for the end of the space you guys yeah hey everyone i just
honestly like i just saw this in the timeline and wanted to just jump on and say hi because
there's so many familiar faces um i'm doing dishes right now uh so i'm not really here to like show
anything uh just having fun with like you know all the
the usual stuff making art keeping the vibes up uh it's been relatively chill the last week or two
for sure but um i guess the only thing that i could say is you know pretty soon we'll have
the uh desk toys uh that's still in the works with a couple people. Those are going to be free for anyone who holds SpaceGod tokens,
including the NFTs.
So just a fun giveaway.
Bobbleheads and figurines that can make for cool collectibles.
I don't know how many or how long they'll be around,
but it's going to be like, yeah.
I would definitely want to get my hands on one because it's free,
assuming that you're comfortable having something shipped to you. But yeah. So yeah, just want to my hands on one because it's free. Assuming that you're comfortable, like having something shipped to you, but yeah.
So yeah, just want to say hi to everybody. That's all.
Awesome. Well, thank you so much for joining and I'm going to pass it over to Bill.
Bill, if you want to share any closing thoughts or questions before we wrap up,
I'm just working on a last minute surprise here, you guys, for the end of the space.
Oh, a surprise, Rachel.
We like surprises.
No, no last words on my end.
We know we appreciate BMX base gods.
We appreciate them.
I know there's some other communities up in here.
Toro, shout out to Toro. Shout out to Captain.
You guys are
reasons why base NFTs
are going to be great. So I'm excited,
man. I'm excited for BMX and
for them too. What they're doing in DeFi.
They're a
juggernaut in the making. So
happy to have them on. Anyone else want
to speak before Rachel? I think I
know what Rachel's surprise is, but I won't say. Anyone else want to speak before Rachel? I think I know what Rachel's surprise is, but I won't say.
Anyone else want to jump in?
Face Junkie, you're way past your bedtime.
Yeah.
Yeah.
I'm going to just say, yeah, thanks for hosting these.
These are always a good time.
Always good to connect with other builders.
I'm looking forward to working with you guys at ClankyCon and finding out more about that,
see how we can raise awareness to the wider NFT space.
I pinned something a little bit earlier about the non-fungible alliance.
So if you are looking to build in NFT space and build together. Make sure to check it out.
It's been getting a lot of love from Jesse and David.
So and lots of the Coinbase team really, really bullish to see that all the way up to the top.
You know, they understand that together we are stronger.
So make sure to check it out.
And let's let's let's collaborate.
Let's build together.
And let's let's put let's build together and let's uh let's put base nfts on the map it's actually funny mofasaurus message message that account i don't
think he realized me and you are the ones pushing it and he was just like is this official team or
who's the team and i was just like yo bro it's we're behind it man so i think uh it'll be fun
to you know because he did say he, if it's legit,
he will collaborate. So just imagine the good that we can do. And again, that DAO is not my
project. It's not base junkies project. We're just initiating it. And then once it's live,
it could do a lot of good, you know, and it's going to be fun because traders can still speculate
with the token. And, you know, in theory, there's actually, you know, it does represent a portion
of the share of the assets of your management. So it's unique because as the treasury grows, with the token. And, you know, in theory, there's actually, you know, it does represent a portion of
the share of the assets of your management. So it's unique because as the treasury grows,
you assume you're going to buy into the lower, you know, projects that you think you're going
to appreciate in value by base gods, by whatever project out there, shredding sassies, doesn't
matter. So it's a, I think it could be a really uniting force for good. So I'm excited. Rachel,
uniting force for good.
So I'm excited. Rachel,
you ready for us? Oh, there it is.
Say what happened, Rachel.
Look at her profile picture,
everyone.
Rachel,
I changed back.
And there it is, you guys.
Okay.
Impeccable timing.
Impeccable timing. So
I just purchased my first BaseGod NFT through Base Media X with Meowthosaurus here in the background, you guys.
It was down to the wire because of the time zone difference. So Meowthosaurus hit me up, got it listed.
I've had my eye on this Base God for a minute, you guys, and i just i couldn't go on any longer i i just couldn't go
on without a base god so uh here i am uh base bald and ready to build
it's been a long time coming this is my first community i ever joined in base so it feels
appropriate that's a fun one i wanted one that had like slightly more feminine features.
So people don't think I'm a dude.
Yeah.
That's funny.
It's funny.
Cause like a lot of people are like,
Hey,
is there like a female version of a base God?
and yeah,
this is probably like the closest you can get.
What do you guys think?
I know that the jawline's pretty,
might be a little bit of a giveaway,
but I got like,
you know, purple glasses,
a pink tie-dye hoodie, and a builder hat.
The sweater works beautifully.
And in general, you know, these things are,
there was a post yesterday that we had go up
just about how it's like a representation of base culture.
It's like a relic of base.
One of the oldest NFT collections, one of the
most well-known. So yeah, really, really awesome to see you rocking it. And thanks for the support
as always. Yeah, I just was, I was talking to the Alphasaurus the other day. I was like, I can't go
on any longer without a base cut NFT. It's just, it's time. I've had my eyes on them for a minute.
And yeah, I feel honored to rock one as a PFP. It's something I've wanted to do for a long time. So yeah, we made it to Bald Hall, you guys.
I can send you the link, but yeah, there's one that Miafasora started and there's a bunch of us in there.
So you're a part of the NFT group now.
So congratulations.
Awesome. Thank you.
Yeah, I would love to join.
Well, thank you all for hanging out.
I know we're a little bit over time, but definitely worth it to get my PFP switched here and finally become an official base god. So
thank you guys so much. I'm not sure if we have anything else, Lachlan, before we drop here,
but I'll pass it off to you if you want to share any closing thoughts or calls to action.
Yeah, thanks again, guys, for tuning in. I would say, you know, BMX obviously has a lot going for
it, but in part, i'm very bullish on the founders
and i think that plays a big role and i think also how much it ties in with you know base god
just uh so um through meow and yeah i i'm pretty excited for what's ahead i think you guys should
all just you know follow along uh ask any questions you have. If I didn't answer them correctly, I can definitely get that info ASAP.
And excited to be on future spaces.
So thanks, everyone.
Lachlan, always a pleasure.
And yeah, before we drop,
does anybody else have any spaces, live streams,
anything coming up that they want to share
before we end the space here?
I know Bass Junkie and I got something, but Bill, I think you're doing something every day, right?
Yeah, tomorrow me and Base Junkie will be doing our NFT show, NFT Tonight.
We got some alpha on that one too.
We might have to rename our show.
We'll tell you more about that later.
But actually, Quigley's thing is coming up.
Or actually, it's on yeah why
don't we go support you guys why don't we go support the homie we got quigley hosting a base
space uh it's always always a struggle with uh conflicting times on spaces but if we can all
migrate there and uh show some support quickly's a super base builder so uh yeah we'll go ahead and close out and go support the friends.
Thank you all for joining today.
