welcome to takes.fyi
A 30-second walkthrough.
No fluff. Skip any time.
What this is
takes.fyi is a permissionless, on-chain market for opinions. Each take is one sentence, ≤ 280 characters. Each take has its own bonding curve denominated in USDC.
There is no resolution and no oracle. The price moves only on social conviction. Most takes never gain popularity.
What you need: USDC + ETH on Base
This site runs on the Base blockchain. To interact with any take you need:
- USDC on Base. Used to back takes or file your own. Backing accepts any amount. Filing a new take costs exactly 1 USDC.
- A small amount of ETH on Base. Used for transaction gas. Trades typically cost less than a cent.
USDT and other stablecoins are not supported.
New to Base? This short guide walks through getting USDC there:
Back a take = buy conviction shares
Pick a take from the feed and hit Back this take. You spend USDC and receive non-transferable conviction shares from that take's curve. Backing pushes the per-share quote up. Unbacking burns shares and lowers the quote.
If others back after you, your shares are worth more USDC than you paid. If they unback, your shares are worth less. Most takes go quiet. Treat each backing as money you can afford to lose.
File your own take = 1 USDC
Anyone can file a take. It costs 1 USDC total: 0.5 USDC to the platform and 0.5 USDC auto-backed on the curve on your behalf. Every take therefore launches with one backer (you) and a non-zero reserve.
As the creator, you earn 0.5% of every trade fee on your take, forever, paid in USDC directly to your wallet.
Fees, in plain English
Every back and every unback pays a 2% fee in USDC:
- 1.5% to the platform.
- 0.5% to the take's creator.
Round-tripping a position (back, then immediately unback) loses about 4% to fees. The site is not optimized for short-term trading.
The contracts are public
The smart contract powering takes.fyi is open-source and verifiable. Read it before you trade.