One out of a hundred, taking stock of the first batch of investment projects by the Base Ecology Fund.

1 out of 100 First batch of Base Ecology Fund investment projects reviewed.

Original | Odaily Planet Daily

Author | 0xAyA

Base Ecological Fund announced the first batch of investment projects today. The foundation has approved six projects out of over 800 applications. These projects are: Avantis, BSX, Onboard, OpenCover, LianGuairagraph, and Truflation.

Base stated that it will work with relevant teams to promote the development of the Base ecosystem and bring more builders and users onto the chain. What makes these projects stand out among numerous competitors? What are their highlights worth paying attention to? Here is a brief summary of the projects compiled by Odaily Planet Daily.

• Nima Capital sells tokens and sells luxury homes, previously invested in these 16 projects.
• With 8 years of experience and managing over 540 million dollars, how does CoinFund, a cryptocurrency fund, choose its track and invest in projects?
• Investment institution Rug? Nima Capital sells tokens to sell luxury homes, previously invested in these 16 projects

Avantis

Website: https://www.avantisfi.com/

Introduction: Avantis is a chain-based perpetual contract product based on oracles. Users can trade cryptocurrencies and real-world assets with leverage of up to 100x and earn profits by providing USDC liquidity as a market maker. Its goal and vision are to enable any trader to obtain leverage for any asset class with low fees, self-custody, and transparent execution. It also empowers anyone to become a market maker and earn profits from complex financial products such as derivatives.

It should be noted that Avantis has not yet released tokens, but there are plans for token issuance in the future. The project’s token, AVNT, will allow ownership of the protocol through revenue capture and governance. This includes AVNT holders who earn platform fees through unilateral staking and incentives for traders and liquidity providers.

BSX

Website: https://www.bsx.exchange/

Introduction: BSX is building a decentralized spot and perpetual contract exchange, BSX Exchange, which operates through off-chain order books and on-chain settlement.

The Base Foundation believes that on-chain trading should be supported by various market structures and is pleased that BSX can combine the best CeFi trading experience with the best DeFi.

Onboard

Website: https://www.onboard.xyz/

Introduction: Onboard provides users with self-custody wallet services and enables wallet-to-wallet transfers and cryptocurrency exchanges in a simple and secure manner. It also supports converting cryptocurrencies into local currencies (currently only supporting Nigerian Naira). Its user-friendly design and self-custody infrastructure are tailored for the mass adoption of cryptocurrencies in the African market.

Onboard’s parent company, Nestcoin, announced a strategic investment of $1.9 million yesterday. In addition to the Base Ecological Fund, institutions such as Hashed Emergent and Adaverse Accelerator also participated in this investment. A few months ago, Nestcoin announced a shift in its strategic direction, transitioning from a model of simultaneously incubating multiple products to focusing on the development of Onboard.

OpenCover

Official website: https://opencover.com/

Introduction: OpenCover is the first L2 insurance aggregator that collaborates with Nexus Mutual and other underwriters. It supports insuring dozens of DeFi protocols, including Aave, Curve, and Uniswap, by selling on-chain insurance. It provides easy and cost-effective protection for retail investors’ portfolios against major on-chain risks and obtains coverage for smart contract hacks, oracle failures, and more from audited on-chain underwriters.

LianGuairagraph

Official website: https://paragraph.xyz/

Introduction: LianGuairagraph is an on-chain creator platform that helps creators publish, share, and build businesses around their content. Articles published on LianGuairagraph are permanently stored on Arweave. Readers can subscribe to their favorite authors using their wallet addresses or email and can also forward content to Web3 social platforms like Farcaster for discussions.

LianGuairagraph offers a series of services for creators, including NFT-based membership customization and the option to store content outside of Arweave. Creators can mint different NFTs on LianGuairagraph at 0 gas fees and use them to control access to corresponding articles.

Truflation

Official website: https://truflation.com/

Introduction: Truflation is an on-chain financial oracle that provides automated, independent daily inflation reports. It compiles real-time data from over 18 million data points and more than 40 sources, including U.S. CPI data, housing data, labor data, and more. Compared to monthly-updated traditional indices, it offers more comprehensive and up-to-date information. Truflation’s secure blockchain infrastructure ensures fair and verifiable data for business decision-making, growth, and sustainability.

Truflation has issued the TFI token, and token holders can participate in protocol governance by staking and locking their tokens for a specified period. The longer the tokens are locked, the higher the APY earned. Staking and locking also earn ve tokens, which grant holders voting rights in various protocol activities, including decisions on token allocation and rewards, data category selection, market strategies, etc. Additionally, ve token holders receive a portion of protocol fees for active participation and any rewards from reward slashing.

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