Basilisk is a liquidity bootstrapping protocol built for Kusama.
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.