Welcome to The Forge - the core inflation mechanism of Based.Farm. This is where BASED tokens are minted.
- Staking: Users can stake their bSHARE in The Forge.
- Minting: When BASED's value rises above Ethereum, The Forge mints new tokens.
- Rewards: The newly minted BASED tokens are then distributed to stakers based on their bSHARE contribution.
- 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 <
To start using The Forge:
- Navigate to The Forge (opens in a new tab) on Based.Farm.
- Connect your wallet.
- Choose the amount of bSHARE you wish to stake.
- Confirm the transaction.