PolkaBased is a protocol with the token pegged to Polkadot’s fully diluted market cap, community governance to determine how we will structure the ecosystem and the Liquid program for incentivizing users to supply liquidity on Uniswap.

PolkaBased price oracle receives every 24 hours price information through the Chainlink DOT/USD price oracle. The PolkaBased marketcap oracle updates the total supply of Polkadot every 24 hours. These values are necessary in order to calculate the proportional expansion or contraction of POB’s to each token holder. This means the number of POB tokens in user wallets automatically increases or decreases based on price…


PolkaBased Protocol | Community Governed Decentralized Finance

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