Baselines frequently used in two-state fits correspond to the fluctuations in the folded or unfolded well. They are purely empirical as there is little or no information on how the folded or unfolded states' property changes with temperature/chemical denaturant. This assumes even more importance in case of DSC experiments as the changes in heat capacity correspond to both fluctuations in the protein ensemble and exposure of hydrophobic residues upon unfolding. The DSC profiles of many small fast-folding proteins are broad, with steep pre-transition slopes. Two-state fits to these profiles result in crossing of baselines indicating that the two-state assumption is no longer valid. This was recognized by Munoz and Sanchez-Ruiz, resulting in the development of the variable-barrier model. Instead of attempting a model-free inversion of the DSC profile to extract the underlying probability density function, they assumed a specific free energy functional with either one or two minima (similar to the Landau theory of phase transitions) thus enabling the extraction of free energy barrier heights. This model is the first of its kind in physical biochemistry that enables the determination of barrier heights from equilibrium experiments. Analysis of the DSC profile of BBL with this model resulted in zero barrier height, i.e. downhill folding, confirming the earlier result from the statistical mechanical model. When the variable-barrier model was applied to a set of proteins for which both the rate and DSC data are available, a very high correlation of 0.95 was obtained between the rates and barrier heights. Many of the proteins examined had small barriers (<20 kJ/mol) with baseline crossing evident for proteins that fold faster than 1 ms. This is in contrast to the traditional assumption that the free energy barrier between the folded and unfolded states are large.