Base is for Everyone, Especially Builders - TOKEN2049 Dubai 2024

um I could I could give some intro into seamless uh as well as bass so maybe show of hands who here is familiar with Bass the layer two Okay cool so bass has become big quite fast I think just a year ago it wasn't created yet so the fact that um people know about it there's things that exist on it from meme coins which have become popular to dexes to different Integrations and Technologies I think that that's great um in my opinion so a lot of this will be just based off of my opinion as a core contributor um but maybe I'll start with just my background a little uh I initially started in the AI World in web 2 uh so brought a company to get listed on New York Stock Exchange really just worked on being at a part of a startup really early spent a lot of time there um and was able to see it come through then I had joined uh ceric as the first employee and the COO I built uh a lot of ceric to what we know today to become the largest um security auditing firm in the in the space I had left after our unicorn round or our double unicorn round we're Valu at 2 billion and we had brought in Goldman Sachs and some other investors then I decided to leave and uh build something uh or contribute to something on my own so from there there I created seashell uh in which I'm the CEO we have investors such as um Mark huin kosla coinbase the founders and funds from polygon salana Avalanche and others and we really just helped uh focus on bringing in the masses into the space we're a development company that tries to focus on building the the best ways to bring in more people um I I also am a contributor to seamless protocol so seamless protocol is a fair launch decentralized protocol and it is known to be the first base token listed on coinbase um and so we were there on base from a very early stage to where it is now so I could talk a little bit about how we are trying to give back to other builders on base as well as support the Bas ecosystem because what we feel is that base is not even close to reach its full potential and there's a lot to go um even though it is one of the biggest layer twos in the space so the title of this present ation is basis for everyone especially for Builders we'll be talking about how we help support the ecosystem of different types of Builders to uplift the ecosystem as a whole and some of the exciting things and coinbase uh collaborations that have come about uh next slide please so uh just a little bit about coin or about uh seamless uh I'll start a little bit about that and then go into this so seamless is um the largest base native lending and borrowing protocol in the space of Base uh we were there at the beginning and we at one point we the number one in tvl of all base apps but uh as a lending ening protocol you don't want to be the biggest uh piece of liquidity in the space because if somebody has collateral they need to liquidate it would be unfortunate if you liquidated too much collateral so a lenting protocol should not be bigger than the dex's for instance um so Aerodrome and seamless were both two of the major protocols and it's found better balance at this point to make sure that base itself doesn't have a liquidity crunch um some of what differentiates seamless is it starts as using the a contracts so that there is trustworthy contracts for Lending and borrowing but then it also understands that there's a pool of capital and in this space about 99% of people who borrow know exactly what they want to borrow for it's not like um maybe a normal uh general purpose loan that you might see in the traditional world people don't just take loans because they need to pay for food and gas and groceries instead people know why they're taking a loan and usually it is to uh Farm some tokens or to to hedge a position or to get some excess liquidity to use somewhere and so knowing that we've actually integrated the two we have the deepest pool of liquidity with the automated strategies and so when you combine the two it's more similar to maybe a a home loan like a mortgage where you know the money is spent for one place in one specific place and that's for a home and so you're able to get better rates and actually access a deeper pool of capital as a result um ultimately it means there's automation for the users and they don't need to think about I go from this app to this app but rather they're all in the same app so you can have your position strategically put and the smart contract could automatically rebalance it according to this the risk of the space um so we've had over 50,000 users uh on using the protocol um which has been uh a very large achievement given basis is still coming but we think it's just the start um I I'll go forward into some of the next slides and talk a little bit about just what makes us different what how we're trying to evolve lending and borrowing so one of the main pieces uh I talked about my background a little bit but one of the main pieces is security we want to make sure that when you use a protocol your money does not get rug pull does not uh have liquidity problems fundamentally we really want to focus on this being a safe uh platform so people to reliably use and so we've worked with uh we're the only lending protocol at works with both Gauntlet and Chaos Labs two of the leading economic risk advisor in this space and we also we formally verified with sir Tor as well so really trying to make sure that the security is there and then uh working pretty closely with coinbase so there's Integrations with coinbase wallet um but there's also other things that are naturally embedded in the protocol to make sure that it is indeed easy easy to use uh efficient automated and really gets the job done for the next wave of users next please so the growth of Bas is is very clear I think a lot of people here have said that you're familiar with Bas but in less than one year you can see that it's really shot up um substantially so in the last month or two um it's tripled quadrupled or whatnot um but we think that it's still yet to come there's still more to be had and base is just starting and just based on just doing its introduction to The Wider space um and that definitely includes retail who have really yet to come in coinbase in our opinion has not put the full force into supporting base and really making sure everyone's on chain so we think that there's um going to be a wave that we'll all know and feel when it happens next slide uh so what we want to talk about when we were focusing on building base itself we uh really worked on supporting the entire ecosystem and so with that we've created a grants program that was led by the community as a Grassroots effort it is decided operated controlled by a council of seam token holders and it it's helping select the next wave of innovation and helping boost um different builders in this space and it it ranges from a handful of different things uh next slide so the community grants program uh it's called the scgp this is a grat Roots it's inspiring Innovation and it's given out several $1,000 already in Grants um and the Unique Piece of this is this is fully built by the community and developed and chosen by community so we've worked with some of uh with coinbase pretty closely to help support the builders on that side the the ventures program has their own base ecosystem fund this is intended to bring Builders onto base and it's a community L effort that makes it unique that is led by a project as opposed to led by a single organization next slide so some of the the areas of focus that's um the the program was was focusing on so initially like I mentioned liquidity was something that base needs to build and so a lot of the focus was to gain innovation in uh more deposits or more Technologies uh better governance so more voting um more topics and more Integrations but it's actually since evolved even further uh announced a couple weeks ago actually maybe last week was that seamless had partnered both with dgen the uh layer three meme coin um foraster supported tipping coin as Wallas Pandora so two separate entities but both of which bring in their own waves of innovation for dgen you're seeing a meme coin evolve to a 2.0 version of sorts going from just a coin to its own chain on and L3 on base very Innovative and we're looking to see what happens there the grants under that are supporting any builders in the space who are building uh forecaster frames or building on the L3 um you would be getting Grand support from both seamless and D gen and on Pandora side that is an ERC they're the original ERC 404 so the first tokens that merge nfts with ERC 20s they are heavily focused on Bas and really working to try to instigate um and Inspire more creators to build more things see if that could be the next wave of meme coins for instance where you hold a certain amount of coins and then at that point you get a special meme that appears in your wallet um it's just a lot of this Innovation is really just starting to scratch the surface and so this uh is something that we're very proud of of working with different Community contributors to keep pushing this forward two of uh the original grante awardees so these are two that we want to highlight uh we did give coinbase seam tokens so that coinbase could directly vote and contribute into the seamless ecosystem so coinbase is a holder and looking to support there's been Integrations uh in the past um there's Integrations potentially in the future so we're really excited about this making sure that coinbase has a say indirectly some of the apps that are are really building on um the Bas network uh the other one is infusion which you could learn more about on infusion Finance infusion is a new type of amm that you lock in your LP positions to get more fees as a result so the idea of infusion is that um instead of just locking your LP tokens and then uh putting on a third party site it actually integrates directly into the DAP and so at that point you're able to make sure that you get a reward for locking in for 3 months 6 months a year and you could actually make more by being a diamond holder in which you might uh intend to not sell anyway uh so with that we want to just conclude and actually just offer up support for all the builders in in this space all the builders inous um for seamless we have worked with some of the biggest projects some of the smallest projects a lot of who in this space because what we see is a natural progression you start by adding liquidity on a DEX at the point you have enough liquidity on a DEX there's lot of trading going on a lot of fees acred you want to also enable your community to do more with their own token so it includes maybe lending against the Dex token or just lending directly with the token itself allowing people to continue the process similar to what a lot of people are familiar about and would be in the the future talks of reaking in the space what we've seen is people don't want to stop they want to continue with the tokens and keep doing more and more and so what we're trying to do is help enable a world in which base has enough liquidity that new markets could also open up in lending and borrowing new markets that aren't necessarily only Blue Chips but rather some of the biggest innovators in the space so we make altcoin lending and borrowing markets as well by working with the risk providers that we've talked about um in the previous slides we think we're able to open up a bigger Market um that's what is normally used to in the space for longtail assets to exist while also maintaining risk tolerance so that there aren't some underlying core problems with how liquid airs would work or collateral works so with that we we believe we're just getting started um and and if there's anybody out here who's Building on Base please check out the seamless grants program there may be some grants for you um but go on to the discour follow seamless protocol to learn more and we're happy to help thank you