Coinbase is busy bringing decentralized finance (DeFi) functions UniSwap and Aave to Base, the U.S.-listed trade’s layer 2 (L2) community that was launched final month.
Coinbase’s Base L2 is constructed utilizing the Ethereum scaling protocol Optimism, and makes use of Ethereum’s native cryptocurrency ETH for charges on the community.
“Coinbase is within the means of recruiting a bunch of protocols to Base. UniSwap and Aave are two of these,” stated an individual aware of the state of affairs.
UniSwap will in all probability seem on Base inside a few months, the individual added.
Decentralized apps have held up nicely amid the turmoil that’s presently afflicting the crypto business. Whereas Coinbase is among the many largest and most influential of the centralized crypto buying and selling platforms, the agency clearly understands the worth connected to ecosystems, therefore the drive to incubate a decentralized blockchain community.
UniSwap can be going to be linked to the BNB Chain platform, launched by crypto trade Binance, in line with a latest governance vote.
Coinbase declined to remark.