BaiBai Integrates Coinbase Tokenized Stocks on Base

BaiBai has integrated support for Coinbase Tokenized Stocks on Base, rolling out a pair of incentive initiatives designed to give traders USDC cashback alongside a volume-based competition featuring a reward pool reaching up to $30,000.

These promotional programs were introduced alongside Coinbase and LI.FI. Payouts for both rewards are distributed in USDC via Merkl, operating concurrently with the ongoing 2x points program dedicated to Coinbase Tokenized Stocks on Base.

Earn Up to $10 in USDC Cashback

The initial campaign provides eligible traders with up to $10 in rewards per wallet. Participants can claim $5 back when making their first Coinbase Tokenized Stock purchase of over $250, provided the transaction is funded with an alternative asset like ETH or USDC rather than a Coinbase Tokenized Stock.

An additional $5 can be unlocked after finishing another $1,000 in stock-to-stock exchanges among Coinbase Tokenized Stocks, with all Coinbase Tokenized Stocks on Base qualifying for the offer.

Structured in two-week epochs, the cashback initiative allocates $15,000 per epoch and can be renewed once. Participants must retain their acquired Coinbase Tokenized Stocks in their wallets for a duration rather than selling them off instantly. Wash trading and self-trades are strictly disqualified.

Four-Week Trading Competition Offers Up to $30,000

The second initiative is a four-week volume-based contest featuring a prize pool that scales upward alongside the aggregate trading volume generated on BaiBai.

Every $2.5 million in generated volume contributes $1,875 to the prize pool, hitting $7,500 once volume reaches $10 million. Beyond that milestone, every subsequent $10 million in volume adds an extra $7,500, capping out at a maximum of $30,000 if total volume climbs to $40 million.

Contrary to the cashback promotion, this competition imposes no holding conditions, meaning participants are not required to keep their positions. Furthermore, FX-to-FX trades contribute directly to the competition’s total volume metrics.

While the two campaigns serve distinct functions—cashback targets specific eligible purchases alongside subsequent stock-to-stock trades, whereas the competition drives overall trading activity—they offer complementary incentives.

How Spire Labs and BaiBai Fit Together

BaiBai forms part of a wider initiative aimed at improving the accessibility of on-chain trading, utilizing infrastructure provided by Spire Labs to back product growth.

Concentrating on infrastructure, Spire Labs collaborates with the Base team regarding execution at the sequencer level. Positioned closer to end-users, BaiBai functions as the marketplace where prices are determined and trades are finalized through a proprietary automated market-making framework.

While Spire Labs supplies the structural foundation, BaiBai delivers the user-facing trading platform. Their combined efforts align with the broader mission to make on-chain markets more accessible and efficient.

Trading Coinbase Tokenized Stocks on BaiBai

This campaign integrates multiple elements of the Base ecosystem: Coinbase acts as the issuer of the tokenized stocks, LI.FI manages stock swaps and cross-chain routing, BaiBai oversees trade execution and pricing, and Merkl oversees reward tracking and distribution.

With the 2× points system already active, the new cashback rewards and volume competition provide eligible traders with additional avenues to accumulate earnings while dealing in Coinbase Tokenized Stocks on Base.

Additional details regarding BaiBai and its campaigns can be found on their official website or via their X page.

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