Welcome to The Forge - the core inflation mechanism of Based.Farm. This is where BASED tokens are minted.

How It Works

1. Staking: Users can stake their bSHARE in The Forge.
2. Minting: When BASED's value rises above Ethereum, The Forge mints new tokens.
3. Rewards: The newly minted BASED tokens are then distributed to stakers based on their bSHARE contribution.

Key Parameters:

• Epoch Duration: 6 hours.
• Deposits/Withdrawals: Depositing or withdrawing bSHARE into/from the Forge will lock bSHARE for 6 epochs and BASED rewards for 3 epochs.
• Reward Claims: Claiming BASED rewards will lock staked bSHARE for 6 epochs, and the subsequent BASED rewards can only be claimed 3 epochs later.
• Inflationary: The Forge will not mint any BASED while the TWAP < 1.0003.

Getting Started

To start using The Forge:

1. Navigate to The Forge (opens in a new tab) on Based.Farm.
2. Connect your wallet.
3. Choose the amount of bSHARE you wish to stake.
4. Confirm the transaction.