# Based ETH (bsdETH)

> 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.

## Price Data

- **Current Price**: $2538.27
- **Market Cap**: $2.38M
- **Fully Diluted Valuation**: $2.38M
- **Circulating Supply**: 937.352 bsdETH
- **Total Supply**: 937.352 bsdETH

## Price Changes

- **24h**: +0.00%
- **30d**: +0.13%
- **90d**: +0.11%
- **365d**: +0.37%

## Chain Availability

Available on: base

## Resources

- [Website](https://app.reserve.org/base/token/0xcb327b99ff831bf8223cced12b1338ff3aa322ff/overview)
- [Discord](https://discord.com/invite/reserveprotocol)
- [Coingecko](https://www.coingecko.com/en/coins/based-eth)

## Links

- [View on Zerion](https://app.zerion.io/tokens/bsdETH-fc1d7ae3-d1be-46ad-82c8-436b9af7474a)
- [Trade on Zerion](https://app.zerion.io/tokens/bsdETH-fc1d7ae3-d1be-46ad-82c8-436b9af7474a)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset