Invest
Trade bTokens

Trade bTokens

Baseline tokens include more than just a market price — they have a built-in floor (BLV), dynamic liquidity structure, and trading volume that impacts rewards and market behavior. Knowing how to read these metrics helps you make better investment decisions.

What makes bTokens different?

  • Visible 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.
  • Access to capital - You can borrow your bToken's BLV value at 0% interest, accessing capital without having to sell your position.
  • Leverage - You can use borrowed funds to buy more bTokens, amplifying your gains.
  • Fees grow the system – The trading fee of each trade goes toward the stakers.

Key Metrics to Watch

  • 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 – Drives staking rewards and BLV growth. More volume = more system value.

You can view all live token metrics on app.baseline.markets (opens in a new tab). If you want deeper insights, you can visit data.baseline.markets (opens in a new tab).

How to Trade

To trade a bToken, you will need:

  • A supported wallet (e.g. Rabby)
  • Native gas token (e.g. ETH on Base) for transactions
  • Reserve asset (e.g. USDC or ETH) to buy the bToken, depending on the market

Step 1: Connect Your Wallet

  1. Navigate to app.baseline.markets (opens in a new tab)
  2. Click "Connect Wallet" in the top right
  3. Choose your preferred wallet (e.g. MetaMask, Rabby, etc.)
  4. Approve the connection

Step 2: Browse Available Tokens

You can browse a list of all tokens at app.baseline.markets (opens in a new tab)

Each token page shows:

  • Current price
  • Floor price (BLV)
  • Volume

Step 3: Make Your First Trade

  1. Select a token you want to trade
  2. Choose "Buy"
  3. Enter the amount you want to trade, review transaction details & confirm the transaction in your wallet

Next Steps

After making your first trade:

FeesBorrow against bTokens