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Batasm Protocol

Batasm Protocol BSMPrice N/A

BSM Price

N/A

General Info

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# Inactive

Description

Batasm Protocol is a fork of the successful DeFi project Fantasm.finance, aimed at developing and popularizing synthetic tokens

Batasm Protocol (BSM) Chart

Batasm Protocol price Index provides the latest BSM price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

ATH Market Cap

$ 510.28K

Total Supply

BSM 29,999,400

All Time High

$ 0.189

31 May 2022


All Time Low

$ 0.00...257

25 Nov 2022

Trending Batasm Protocol Fiat Pairs

What is Batasm Protocol (BSM)?

Batasm Protocol is a fork of the successful DeFi project Fantasm.finance, aimed at developing and popularizing synthetic tokens for multiple L1 Ecosystems. BSM is the protocol utility token (on Fantom Opera) that also rewards its holders with 100% of generated protocol fee revenue. The FTM token is deposited into the protocol when a user mints BFTM token, while the BSM token which is used for minting is burned. When the user redeems BFTM tokens, the protocol pays back FTM tokens and mints the required amount of BSM tokens.

The ratio of FTM and BSM tokens used by the minting and redeeming function of the Batasm protocol is determined by the Collateral Ratio. These mechanisms are described with examples in more details in the next pages of our documentation. Each minting and redeeming of synthetic assets like BFTM on Batasm incurs a 0.50% and 0.50% fee, respectively. These fees are distributed as FTM and BSM dividends to users who lock their BSM on the platform.

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