No Down Baseline Protection

No Down Baseline Protection is a price floor (the lowest dollar level the protocol records on a boost). It is not a promise that the token will trade at that price.

• USDC and tokenized equity (B20) rounds can record that dollar level. Later rounds have to respect it.
• Another ERC-20 (any other token, for example WETH) does not set that level, because those prices move too much. If an earlier USDC or B20 round already recorded one, a later round in a more volatile token still has to respect it. That later round does not raise the stored level above the earlier one.

The same caution is on How a Boost works: a recorded floor is a protocol rule, not a trading guarantee. The same boost can run several rounds. These videos show one public example:

• Accept and launch (video) — Round 1 in USDC records the price floor (from about 1:56). Later rounds cannot go below it.
• Round 2 with tokenized equity (video) — a B20 round on that boost.
• Round 3 in WETH (video) — another token, whose price moves too much to set a new floor. The round still respects the earlier floor and does not raise it.

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Related

• Boost
• Later rounds