PILLS

**Baseline Markets** has strategically timed its protocol launch during the bear market phase. The announcement emphasizes that bear markets present optimal conditions for launching crypto protocols, contrary to common assumptions that bull markets are preferable. **Key Points:** - Bear markets offer better launch conditions for new protocols - @BaselineMarkets positioned their entry during this phase - Strategic timing considered crucial for protocol success This approach suggests a contrarian strategy focused on building during market downturns rather than hype cycles.

Baseline Markets introduces a mechanism allowing protocols to raise debt through token presales, creating autonomous debtor systems. **Key Features:** - Protocols can borrow capital and deploy it into onchain strategies (asset farming, yield generation, volatility trading) - Yield is distributed to creditors through ongoing operations and swaps - Creditors maintain flexibility to unwind positions and receive underlying tokens **Alternative Presale Model:** - Tokens priced at BLV (reserve-backed floor price) to protect presale participants from losses - Limited initial spot liquidity (~10% of raise) creates high slippage, encouraging creditors to hold - Presale participants receive credit positions earning leveraged swap fees - Once pool reserves fill through spot trading, creditors can unwind positions without slippage risk This approach offers a cheaper path to raise capital compared to generating funds through swap fees alone, while launching tokens at lower market caps for potentially higher multiples.

**Unconfirmed reports** circulating suggest a significant portion of CT's lion population may have been eliminated yesterday. The rumors lack official verification but have gained traction across community channels. No details about the cause or extent of the alleged incident have been confirmed. **Previous context** includes speculation that lions were involved in Lydia's creation, though these remain unsubstantiated claims. - Community members are seeking more information - No official statements have been released - The situation remains developing More details may emerge as the story develops.

Baseline Markets (@BaselineMarkets) is pioneering a new approach to memecoin fundraising with an innovative unruggable token design. Key features: - Perpetual LP fee earnings - Automatic streaming to charity/patron wallets - Built-in protection mechanisms This model represents a shift from traditional memecoin structures, offering a more sustainable and transparent fundraising method for charitable causes. *Note: This development follows earlier memecoin experiments like BakerySwap's protected price mechanism launch in October.*