Base Runes

Disclaimer: here

This document describes our current implementation/idea about the feature. Changes are likely, since we have to find consensus for a merge into the Runes codebase.

The rise of DEXs has demonstrated the significant benefits of AMM liquidity pools for users. Many projects without CEX listings enjoy excellent liquidity.

However, without the highly liquid base tokens users would struggle to trade into other tokens or stablecoins. The DeFi ecosystem in the Ethereum and Solana space only works so well because the respective major base tokens (ETH/WETH & SOL) are so liquid and have well functioning off- and onramps.

This relationship is mutually reinforcing; the growing use of DeFi has been one key driver of increased liquidity for ETH and SOL in recent years. The impact of increased liquidity flows in both directions.

Our proposed solution allows any Rune to become the base token of liquidity pools.

However, given the demands for liquidity, we anticipate the emergence of a few dominant base Runes, whose communities and holders will actively work to maximize their liquidity.

The rise of these "major" base Runes will not be a zero-sum game but will instead drive the entire Runes ecosystem forward.