A51 x BaseSwap — Performance Review

3 min readOct 1, 2024

This is an overview of the two-week performance and growth of A51 and BaseSwap after we integrated A51 tooling.

Since A51’s ALM launch on BaseSwap, it’s raining deposits and rewards!
A51’s ALM went live on BaseSwap’s interface on 10 September. We have seen a huge user spike, and it doesn’t stop here. The TVL soared along with the fees, rewards, and APR.

Let's take a look at some of the metrics:

TVL Growth on A51

The TVL grew from $155K, touched an all-time high of $407K within less than two weeks, that’s 163% increase. As of now the TVL is at $359K.

View the TVL growth here: https://defillama.com/protocol/a51-finance#information

TVL Growth on BaseSwap

The TVL growth on BaseSwap grew from $541K to an all-time-high of $974K which is an 80% growth.

View the TVL growth here: https://defillama.com/protocol/basex#information

Fees Generated

After our integration with BaseSwap, we experienced a surge in number of users. The LPs not only deposited their assets into the existing pools but actively built new strategies. On average the users earned up to $1,500 in fees.

Here are the top 3 strategies that you should have a look at:

A51 Finance Strategy — $ETH/$USDC (0.008%)
Fee earned: $6.8K
A51 Finance Strategy — $ETH/$USDbC (0.008%)
Fee earned: $562
☠️ Risky Active ☠️ — $ETH/$USDC (0.008%)
Fee earned: $312

Rewards and Returns

The A51 LPs on BaseSwap are not only earning good fees but great APR and additional rewards in the form of $BSX exclusively via Merkl. Here are some current numbers:

A51 Finance Strategy — $ETH/$USDC (0.008%)
AUM: $122K
Base APR: 148%
Merkl APR: 89.4%
A51 Finance Strategy — $ETH/$USDbC (0.008%)
AUM: $9.8K
Base APR: 172%
☠️ Risky Active ☠️ — $ETH/$USDC (0.008%)
AUM: $6.3K
Base APR: 144%
Merkl APR: 60.2%

$oA51 Emission

This doesn’t end here! LPs can further multiply their rewards through A51’s FOO tokenomics.

It is a 15-day-long epoch where the $oA51 rewards are emitted to the LPs of specific pools. The users vote for the pools to be selected for $oA51 emission in the next epoch. The voting is live on the following pools on Base via BaseSwap for rewards emission in epoch 5:

A51 Finance Strategy — $ETH/$USDC (0.008%)
☠️ Risky Active ☠️ — $ETH/$USDC (0.008%)
Peyk $ETH/$USDC (0.098%)

If you’re also an LP of $A51/$ETH pool on Balancer, you will win $ETH rewards too

You can vote for your favorite pool here: https://snapshot.org/#/unipilot.eth/proposal/0x424b286119d042800c4d2358e66aaea06b285f66f89c8b1c03d37aff86ab4b44

To Summarize

The partnership between A51 Finance and BaseSwap has been profitable for the users of both protocols. The users on BaseSwap can now use A51’s tools to create strategies just the way they want and multiply their earnings. It’s evident that when the right ecosystems come together, magic happens.

All the happenings around new strategy creations and cool returns are being discussed at our Discord. Join away: https://discord.gg/hXfFBBdfbM