Basilisk

COMMUNITY FIRST

Above all, Basilisk is an outspoken community-centric project. It has the ambition to fully decentralize its governance and quickly become the first community-ran parachain.

MODULAR AMM DESIGN

Basilisk is designed to be flexible. Projects can bootstrap liquidity using an AMM implementation of their choice - Uniswap-like pools, Balancer-like LBP, auctions and an NFT marketplace.

TOKEN DISTRIBUTION PLATFORM

Basilisk helps young crypto projects distribute tokens to their communities while navigating initial price discovery. It provides a gateway to liquidity bootstrapping in Kusama.

Basilisk is a liquidity bootstrapping protocol built for Kusama. Its mission is to enable frictionless liquidity for the long tail crypto assets.

The modular design of Basilisk enables new crypto assets to bootstrap liquidity by choosing the Automated Market Maker (AMM) model which they find most convenient. The first version comes with implementations of a Liquidity Bootstrapping Pool (LBP) as well as XYK pools with order matching transactions. The following iterations will bring more advanced price discovery mechanisms to Basilisk such as auctions and bonding curves. An NFT marketplace is also on its way!

Basilisk has close ties with HydraDX which has set out to become the go-to liquidity provider on the Polkadot network. Together, Basilisk and HydraDX create a synergy which caters to the varying liquidity needs of cryptoassets throughout their entire lifecycle. Bootstrap liquidity in the early stages using a Basilisk AMM, then move on to the HydraDX Omnipool to unlock unprecedented cross-chain liquidity in an ocean of assets.

Basilisk is a modular Automated Market Maker (AMM) chain that provides liquidity bootstrapping functionality for any new crypto asset.

It allows participants to choose from a variety of AMM models that govern price discovery. Basilisk's API design allows AMM models to be easily plugged in: from basic spot trading to derivatives-specific models like PERP or Siren Protocol

The first version of Basilisk will offer an advanced implementation of an LBP module, as well as other XYK pools with transaction matching transactions. In the next iteration, Basilisk will introduce other price discovery mechanisms (auctions and bonding curves), an AMM to exchange correlated assets (stablecoins or wrapped tokens), as well as transaction matching between AMMs.