Base is interested in "flatcoin", a stable coin that tracks inflation and gives users stable purchasing power, while also being resilient to economic uncertainty caused by the financial system.

Base also welcomes other forms of "flatcoin" that are not pegged to fiat currencies, but rather fill the space between fiat-linked tokens and volatile crypto assets. Given the recent challenges facing the global banking system, Base believes these explorations are more important than ever

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. By supporting reputation protocols for native on-chain entities, there is an opportunity to create more trust on the chain.

This may look like a FICO or Google Page Rank type score on the ENS name, merchant ratings/reviews, and other measures that help build trust on the chain. base is happy to see the team thinking deeply about what on-chain reputation and credit looks like and how to leverage these systems while protecting user privacy and autonomy.

While Base believes that existing exchange products (e.g. AMM) are very useful and are critical DeFi infrastructure, there is still a place for LOBs, especially for professional traders and institutions.

The high throughput of 2/Base will provide new opportunities to design new mechanisms for spot trading, limit orders, options, perpetual rights, etc. And, builders can use open source tools like OP Stack to build L3, bringing faster speed and greater control while potentially increasing the depth of liquidity and being accessible via L2.

1/ As the DeFi ecosystem continues to grow, Base sees a need for better tools that allow users and developers to keep up with the pace of innovation while keeping funds safe. Setters are building systems, protocols and tools that allow each user to store all their funds on the chain