Coinbase Ventures’ Base Ecosystem Fund Backs 6 Onchain Projects

Key Points:

• Coinbase Ventures’ Base Ecosystem Fund funds 6 innovative onchain projects.
• The projects include Avantis, BSX, Onboard, OpenCover, Paragraph, and Truflation.
• The projects aim to increase economic freedom and innovation in onchain finance.

Coinbase Ventures’ Base Ecosystem Fund invests in 6 innovative onchain projects, including Avantis, BSX, and Onboard, to increase economic freedom.

Coinbase Ventures’ Base Ecosystem Fund has announced its first six investments in onchain projects building on Base. With over 800 applicants vying for funding, these six projects stood out for their innovative approaches to onchain finance and their potential to increase economic freedom around the world.

1. Avantis is an oracle-based synthetic derivatives protocol that allows users to trade crypto and real-world assets with up to 100x leverage.
2. BSX is building a decentralized limit order book for users to go long and short with leverage.
3. Onboard provides an onchain, self-custodial path for users to onramp and offramp crypto in a peer-to-peer manner.
4. OpenCover is the first L2 insurance aggregator that works with underwriters like Nexus Mutual to protect DeFi users against onchain risks.
5. Paragraph is an onchain creator platform that helps creators publish, share, and build a business around their content.
6. Truflation is an onchain financial oracle that provides automated and independent daily inflation reporting.

Avantis and BSX are exciting projects that aim to provide users with new ways to trade crypto and real-world assets onchain. Onboard is an innovative project that provides a self-custodial path for users to onramp and offramp crypto in a peer-to-peer manner.

Meanwhile, OpenCover is an important project that works with underwriters to protect DeFi users against onchain risks. Paragraph is a project that helps creators build a business around their content using onchain mechanisms. Truflation is a project that provides automated inflation reporting, which represents a much higher fidelity picture of inflation in contrast to the current methodology.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.