# README

> A bonding-curve token launchpad on **Base** where every coin is paired with a real perpetual position on [**Avantis**](https://avantisfi.com/).

basefun lets anyone launch a memecoin in seconds, but with a twist: each token is wrapped around a live, leveraged Avantis perp on one of 99 supported markets. A buyer of the token is implicitly long (or short) the underlying asset with 2×, 3×, or 5× leverage. Spot trading on the bonding curve and the perp's PnL both move price.

When a curve hits **$10,000 USDC** in reserve it **graduates**: liquidity migrates to a permanent Uniswap V2 pool with the LP burned at `0xdead`, and trading continues there with the same 1% fee structure enforced on-chain by the token itself.

## Quick links

| Resource   | Where                                       |
| ---------- | ------------------------------------------- |
| Live app   | [https://basefun.app](https://basefun.app/) |
| Telegram   | <https://t.me/basefunapp>                   |
| X          | <https://x.com/basefundotapp>               |
| Whitepaper | <https://basefun.app/whitepaper>            |

## How it differs from other launchpads

| Other launchpads                        | basefun                                    |
| --------------------------------------- | ------------------------------------------ |
| Tokens have no off-chain price exposure | Every token wraps a real Avantis perp      |
| Single price discovery (curve only)     | Two price sources: curve + perp PnL        |
| Free open/close                         | \~$0.0002 ETH execution fee per trade      |
| Internal/synthetic oracle               | Live PnL from Avantis (real on-chain perp) |
| LP retained by team after graduation    | LP burned at `0xdead` — permanent          |

## What you'll find in this gitbook

* A non-technical overview of **how basefun works** and **why** every token is backed by a perp.
* A deep dive into the **smart contracts**, the **bonding curve math**, and the **graduation flow**.
* The **fee model** end-to-end — pre-bond (1% in USDC, inline) and post-bond (1% in token, swept by the keeper).
* How to **launch a token**, **trade**, **read the live market cap**, and what happens after graduation.
* Operational details: the **keeper bot**, the **treasury**, and what you can rely on the protocol to do.
* A **glossary** so all the jargon (LT, NAV, FOT, etc.) is in one place.

Use the sidebar to navigate, or start with [Introduction](broken://pages/37b9642ea1be0beac3317f2c6d8c1fb06c07620c).


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