HackMDWelcome to StonkBase
Fellow autist degens,
The recent actions of Robinhood and Wall Street has revealed their true nature.
The people are awakening. They are seeing what happens when they use Wall Street's money on Wall Street's turf.
They are ready to exit the system that screws them.
Now is the time for the masses to move to decentralized finance.
Now is the time to trade stonks using censorship resistant systems.
Security tokens can be stopped. Only algorithmic synthetic tokens are unstoppable.
Introducing StonkBase ($SBF)
StonkBase is a new censorship resistant DeFi protocol dedicated to the creation of any stonk synth the people want to trade.
The protocol is based on UMA, whose censorship resistant DVM "oracle" system is most suited for a fully decentralized synthetic protocol.
The synths are similar to cash settled futures, which means they will have an expiration date at which they will settle for the underlying collateral.
This type of synth has proven to hold the peg very well due to the ease of arbitrage.
To make arbitrage easier, we are launching with stonk synths that are trading in the crypto ecosystem already on FTX: $GME $AMC $BB $NOK $SLV $CBSE $TSLA.
The DVM will also accept any proposed price stocks feed from sources like trading view or IEX, which means anyone can generate a synth from a stock price feed.
It's Alive!
This system is deployed and the contracts are listed for community review: https://github.com/stonkbase/stonkbase-contracts
The first synthetic stonk, GME-MAR21, is mintable in the minting portal: https://app.stonkbase.org/
GME-MAR21 is tradeable on Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x6fc4c449300d2c1bcfa5e1e20457215ca011a0e0&inputCurrency=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
Farming GME-MAR21 Liquidity is live: https://yieldfarm.stonkbase.org/
Now, we as the summoners of StonkBase, open this up to the community.
Join us in the finanicial revolution!
Github: https://github.com/stonkbase
Discord: https://discord.gg/PZuWgew6zh
Telegram: https://t.me/stonkbase
Twitter: https://twitter.com/StonkBase
