Trade bTokens
Baseline tokens include more than just a market price: bTokens come with a guaranteed floor price (BLV), dynamic liquidity managed by the Baseline Market Maker (BMM), and DeFi utility (stake, borrow, leverage) that enhances the trading experience for novice and experienced investors.
- Guaranteed floor price – Every bToken has a public, on-chain minimum price. You can always exit at (or above) this price, even if no one else is buying. This price is enforced programmatically by smart contracts.
- Earn rewards - Stake your bTokens to earn a pro-rata amount of trading fees captured by the token,
- Access capital - Borrow against your bToken collateral at 0% interest and a low origination fee, accessing capital without having to sell your position,
- Multiply exposure - Use borrowed funds to buy more bTokens, amplifying your gains.
Key Metrics
- Market Price – The current trading price based on protocol liquidity.
- BLV (Baseline Value) – The guaranteed price floor, backed by reserves.
- Premium – The % difference between market price and BLV.
- Volume – Baseline generates fees from trading volume. More volume means more staking rewards, and faster BLV growth.
Trading Strategies
- Conservative: Buy bTokens near BLV for downside protection
- Earn: Stake bTokens to earn trading fees passively without impermanent loss
- Capital Efficiency: Borrow against bTokens at 0% to deploy capital elsewhere while maintaining exposure
- Speculative: Use Baseline Multiply to amplify your exposure to price movements without liquidation risk