Coinbase is looking for developers to build 'flatcoins' on its new Base network. What is a

Key Highlights :

1. Coinbase is working on an inflation-pegged flatcoin, an on-chain reputation system, an on-chain limit order book exchange, and tools that make the DeFi ecosystem safer.

2. The concept of an inflation-pegged flatcoin has the approval of investor Ray Dalio.

3. Developers are being urged to look into developing an on-chain reputation system, an on-chain limit order book exchange, and tools that make the DeFi ecosystem safer.

4. To help fast-track DeFi on Base, Coinbase launched its Base Ecosystem Fund to help fund early-stage projects building on Base.

Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange and tools that make the decentralized finance (DeFi) ecosystem safer.

Continue Reading at Source : cointelegraph