Introduction

BMX is a DeFi platform on Base and Sonic offering spot, margin, and non-fungible asset trading, requiring only a wallet connection to use. BMX currently features four core products:

wBLT: The flagship liquidity token for DeFi on Base. wBLT stands for “wrapped BMX Liquidity Token” and is backed by blue-chip assets such as cbBTC, ETH and USDC. wBLT holders receive a share of protocol fees generated from trades routed through the liquidity token, BLT, as well as from inflows and outflows that maintain target weights. Fees are automatically processed; over the past 12 months, the historical annualized APR has averaged around 60% (future rates may vary). wBLT is a useful pairing asset on DEXes and serves as high-quality collateral for platforms like Morpho.

BMX Classic: A spot and margin trading platform based on GMX-v1 with a focus on capital efficiency and low fees. All trades are settled against a singular liquidity pool (BMX Liquidity Token, or BLT) consisting of blue-chip assets. Users can provide liquidity with any whitelisted asset and, in return, receive LP tokens representing their share of the diversified pool.

BMX Freestyle: An intent-based trading platform with a focus on low fees and offering access to over 250 trading markets, powered by the SYMMIO protocol.

Carousel (formerly Based MediaX): Scan listings from all major NFT platforms. Save 50%+ on standard fees (0.25%). Access more ways to buy, sell, and trade with auctions and randomized “Carousel” style listings. Earn or post incentives permissionlessly.

Protocol pricing is determined by price feedsfrom Chainlink (onchain) and Pyth (offchain) for the fastest and most accurate updates. As the protocol matures, governance will determine most parameters.

Disclaimer – All figures represent historical protocol-fee data. They are descriptive, not predictive, and do not constitute a promise or expectation of profit.

BMX

“What we usually consider as impossible are simply engineering problems… there’s no law of physics preventing them.” - Michio Kaku

BMX creates capital efficient, composable products.

Definitions:

Native-protocol token: BMX
Liquidity provided for traders: BLT (BMX Liquidity Token)
Wrapped, composable, multi-use, auto-fee-accruing version of BLT: wBLT
BMX: Base-MorpheX
Automated fee-processing: Fees accrued are automatically deposited back into the underlying token

Summary