Based ETH is an RToken on the Base L2 whose mandate is to maintain an Ethereum-aligned Liquid Staking Token basket (with a preference for new LST providers) and to provide value to bsdETH holders through yield and diversification.
About Reserve Protocol:
Reserve is a free, permissionless platform to build, deploy and govern asset-backed currencies referred to as “RTokens.” RTokens are always 1:1 asset-backed, allowing for permissionless minting and redeeming onchain by users without the need for any middlemen. Overcollateralization is provided by RSR governance token stakers. Each RToken can have an entirely different governance system and is governed separately by ecosystem stakers. The Reserve protocol launched on Ethereum mainnet in October 2022, on Base L2 in October 2023, and completed its seventh audit in November 2023.
Where is Based ETH available for purchase?
You can exchange BSDETH tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Based ETH is Aerodrome SlipStream, notably the BSDETH/WETH pair, which saw a trading volume of $ 651,039 in the past day. Additionally, Uniswap V3 (Base) and Aerodrome (Base) are popular alternatives for trading tokens.
What is the highest value Based ETH (BSDETH) has ever reached?
Based ETH (BSDETH) reached its peak price at 5,010.8832 $ on 22 August 2025, approximately a day ago ago. Presently, the current price is -1.68% lower than this all-time high.
What is the historical minimum price for Based ETH (BSDETH)?
The minimum price reached for Based ETH (BSDETH) was 1,431.56 $, documented on 09 April 2025, more than 4 months ago. In comparison, the current price is 244.14%, it above this historical low.
What is the fully diluted valuation of Based ETH (BSDETH)?
The fully diluted valuation (FDV) of Based ETH (BSDETH) stands at $ 19,75 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of BSDETH tokens. The realization of this FDV might take several years depending on the emission schedule of BSDETH tokens.