# cbEGGS cbEGGS are now on BASE and burning ETH!
cbEGGS is engineered to be a powerful protocol that lets $ETH holders supercharge their returns using a one-way, up-only token mechanism. It works its magic by tapping into the egg-ceptional features of the $cbEGGS token—think clever burning mechanics and fee models—that ensure your ETH backing per cbEGGS only grows stronger over time. In short, every cbEGGS token becomes more valuable in ETH terms, and that’s no yolk! ## The most Based EGGS that burn ETH on every transaction! Based EGGS is a DeFi protocol built on Base Ethereum Layer 2, using the cbEGGS token (secured by ETH) to offer a stable yet growth-ready value system. Picture it as your very own ETH bank—only you get to keep nearly all of the tasty yield your deposit earns. And here’s the egg-citing twist: every buy, sell, or ETH fee-driven transaction burns 10% of that fee forever! # Tokenomics The most based and ETH-aligned ETH in the world.

cbEGGS Token

Token Details * **Ticker:** cbEGGS * **Chain:** BASE * **Max Total Supply:** 1T * Deflationary * Contract address: [0xddbabe113c376f51e5817242871879353098c296](https://basescan.org/token/0xddbabe113c376f51e5817242871879353098c296) #### Description * **Backed by ETH**\ Every cbEGGS token is secured by ETH tokens locked in the smart contract, ensuring real, liquid value behind each one. * **Ever-Increasing Value:**\ Thanks to the smart burning mechanisms and fee accumulation, the ETH backing per cbEGGS can only increase, making each token more valuable over time (in ETH). * **Arbitrage opportunities:**\ cbEGGS tokens can be traded on decentralized exchanges, independent of the protocol’s smart contract. This setup can sometimes create price differences between the smart contract and the DEX, offering thrilling arbitrage opportunities for savvy traders. # Minting Minting cbEGGS **Mechanism** * **Minting:** You can create new cbEGGS by depositing ETH into the protocol's smart contract. * **Fee:** There is a 1% fee when minting cbEGGS. This fee goes straight into the protocol, which increases the ETH backing for every cbEGGS. * **Supply Cap:** Once 1,000,000,000,000 cbEGGS are minted, no more can ever be made. After that point, cbEGGS becomes truly deflationary with each transaction. **Redeeming cbEGGS** * **Direct Sell:** The easiest way to get your ETH back is to “sell” cbEGGS to the contract in the ‘swap’ tab of the dApp. You’ll pay the same 1% fee as minting, and the leftover goes to the protocol, LP incentives, and the team at the same rates as minting. * **Loan Redemption:** Alternatively, you can redeem cbEGGS by taking a loan against your position and instantly defaulting. This sends your ETH back to you, minus the collateral premium and interest. #### Minting Example **Step 1: The Starting Point** * Imagine there are already 100 cbEGGS tokens in existence. * The contract is holding 100 ETH to back these tokens. * This means the price of each cbEGGS is 1 ETH (100 ETH ÷ 100 cbEGGS). **Step 2: The Minting Fee** * To create the next cbEGGS token, you need to pay a 1% fee on top of the 1 ETH price. * So you pay 1.01 ETH in total. **Step 3: Where the Fee Goes** * Out of that 0.01 ETH fee, 70% (0.007) is added to the protocol’s ETH backing. * The remaining 30% is split between: * The team (0.006) * Burn 10% (0.001) of the ETH fee is **burned forever**, removing it from circulation. **Step 4: The New Price** * After you mint your cbEGGS, the contract now holds 101.007 ETH. * There are also 101 cbEGGS in existence. * The new price is 101.007 ETH ÷ 101 cbEGGS = **1.00006931 ETH per cbEGGS**. * Notice how every cbEGGS becomes slightly more valuable! **Step 5: The Takeaway** * Each time someone mints / sell new cbEGGS, part of the fee increases the ETH backing. * This naturally pushes up the price of every cbEGGS token. * It’s a simple but powerful way for cbEGGS holders to see their tokens grow in value over time! # Audit * **Audited by Cantina:**\ The original [eggs.finance](https://eggs.finance) smart contract underwent a comprehensive audit by Cantina. * **Integrity Maintained:**\ Our tweaks left the minting, burning, and the protocol’s backing logic—untouched. Since these critical components remain as originally audited, no further audit is required. Audit Report; [
](https://3389746960-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6XOTuBliZWmYNBrB0hJ2%2Fuploads%2FPn7K6x03sBCWbvFGuZsN%2Freport-cantinacode-eggs-0130-2.pdf?alt=media\&token=d27087c7-457d-4e33-a38f-15ea9cb26e1e) # Legal Disclaimer Terms of Use **1. Agreement and Acceptance**\ By accessing and using the Based EGGS Finance platform, you confirm that you have read, understood, and agree to be bound by the following terms and conditions. If you disagree with any part of these terms, please refrain from using our services. **2. Informational Content Only**\ All content on this platform is provided for informational purposes only. It should not be construed as financial, investment, legal, or tax advice. We strongly recommend consulting a qualified professional before making any financial decisions. **3. Investment & Trading Risks**\ Engaging in cryptocurrency trading—including transactions involving the cbEGGS token—is inherently high risk. Cryptocurrencies are extremely volatile, and you may lose part or all of your investment. Additionally, the use of leverage and margin trading can magnify both potential gains and losses, possibly resulting in losses that exceed your initial investment. **4. Fee Obligations**\ You agree to pay all applicable fees associated with your transactions on our platform. These may include trading fees, loan processing fees, and fees for managing leveraged positions. The fee structure is subject to change, and it is your responsibility to review these details prior to engaging in any transactions. **5. Account Security & Platform Responsibility**\ You are solely responsible for maintaining the security of your account, including the protection of your private keys and access credentials. Based EGGS Finance cannot recover funds or credentials lost due to unauthorized access or security breaches. **6. Regulatory Compliance**\ The services provided by Based EGGS Finance, as well as the cbEGGS token, may not be available in all jurisdictions. It is your duty to ensure that your use of our platform complies with all applicable local laws and regulations regarding cryptocurrency trading and investment. **7. Platform Availability**\ While we strive to provide continuous service, Based EGGS Finance does not guarantee uninterrupted or error-free operation of our platform. We are not liable for any losses or damages arising from service interruptions or technical issues. **8. Third-Party Services**\ Any transactions or interactions involving third-party services (such as external wallets or exchanges) are undertaken at your own risk. We do not control, endorse, or assume responsibility for any third-party services, and any issues arising from their use are solely your responsibility. **9. Amendments**\ We reserve the right to update or modify this disclaimer at any time. Continued use of the Based EGGS Finance platform following any such changes constitutes your acceptance of the updated terms.