A list of the four major support directions of the Base Ecological Fund

Original author:Base

Original Compilation: Felix, PANews

Original author:

Previously, Coinbase issued an announcement on February 23, announcing the launch of the secure, low-cost, and developer-friendly Ethereum Layer 2 Base. The vision is to work together to bring the next billion users on-chain. Alongside the announcement of Base, the Base Ecosystem Fund was announced, a funding pool to invest in early-stage (pre-seed to seed) projects built on the Base network, combined with dedicated support from the Base team to help projects succeed.

first level title

advice for builders

secondary title

In thinking deeply about the design of decentralized stablecoins, Base is interested in "flatcoins", which can track inflation rates and give users stable purchasing power, while also being resilient and resistant to fluctuations caused by the financial system. economic uncertainty. Base also welcomes other forms of "flatcoins" that are not pegged to fiat currencies, but instead fill the space between fiat-pegged tokens and volatile crypto assets. Given the recent challenges facing the global banking system, Base believes these explorations are more important than ever.

Also, Base is happy to hear that some teams are exploring their own stablecoin/flatcoin systems, or focusing on how to increase the adoption of existing systems (such as Reflexer/RAI, Spot/Ampleforth, Frax/FPIS, Olympus DAO, etc.).

On-chain reputation platform

Base believes that blockchain is the next internet, and that decentralized identity and reputation will play a key role in defining everyone's on-chain role. There is an opportunity to create more trust on-chain by supporting reputation protocols for native on-chain entities. This could look like a FICO or Google PageRank type score on the ENS name, ratings/reviews of the merchant, and other measures that help build trust on-chain. Base is excited for the team to think deeply about what on-chain reputation and trust look like, and how these systems can be leveraged while protecting user privacy and autonomy.

secondary title

On-chain capped order book (LOB) trading platform

While Base believes that existing exchange products such as AMMs are useful and critical DeFi infrastructure, there is still a place for LOBs, especially for professional traders and institutions. The high throughput of Base will provide new opportunities for designing new mechanisms such as spot trading, limit orders, options, and perpetual rights. Moreover, builders can use open source tools such as OP Stack to build L3, which brings greater speed and control while potentially increasing the depth of liquidity and can be accessed through L2.

Safer DeFi

As the DeFi ecosystem continues to grow, Base believes there is a need for better tools that allow users and developers to keep up with the pace of innovation while keeping funds safe.

Includes tools that can prevent smart contract code vulnerabilities or protocol logic errors (e.g., self-service security testing tools, auditing services), tools that help mitigate the impact of ecosystem attacks (e.g., threat prevention, circuit breakers, and incident response systems), and ultimately On-chain insurance and coverage protocols, or any other product that can provide critical support to users in the event of smart contract failure.

Builders are building systems, protocols, and tools that allow every user to store all their funds on-chain. Base believes that this infrastructure is absolutely necessary to attract the next billion users.

Apply