Basilisk BSXPrice $ 0.0000442

Basilisk is a liquidity protocol built for the Kusama ecosystem. Its mission is to enable frictionless liquidity that caters to the evolving needs of crypto assets - both fungible, and non-fungible (NFTs). Basilisk helps young cryptoprojects distribute tokens to their communities while navigating initial price discovery. It provides a gateway to liquidity bootstrapping in Kusama.

The modular design of Basilisk enables fungible assets to bootstrap liquidity by choosing the Automated Market Maker (AMM) model which they find the most convenient. The first version comes with an implementation of Snek Swap (XYK) pools which allow users to buy and sell tokens, or to become a liquidity provider and earn rewards generated from trades.

In the following version, Basilisk is preparing to release an array of new features. Liquidity Mining (LM) will allow the Basilisk Protocol to incentivize liquidity provisioning to selected pools with BSX tokens from the Basilisk Treasury. Furthermore, Liquidity Bootstrapping Pools (LBP) will allow young crypto assets to bootstrap liquidity in a fair and economically efficient manner.