The Base Layer-2 network is now live for trading on BaseBank DEX. Search and trade tokens on Base chain in seconds to take part in one of the fastest-growing L2 ecosystems!
Base chain is now live for trading on BaseBank. Connect your wallet and switch to Base to swap tokens now!
Following the launch of Base for everyone earlier in August, we’re pleased to announce that you can now trade Base network tokens on BaseBank. Now you can stay focused on your trade while switching seamlessly across 9 networks!
When you trade on Base using BaseBank, you will always find an efficient route using aggregated liquidity from multiple sources, so you can lock in the best price for your trades.
How we added Base to BaseBank
BaseBank is one of the first DEX to launch support for Base mainnet, meaning you can now explore and trade all tokens deployed on the network thanks to our industry-leading APIs. Since decentralized exchange liquidity is still growing on the Base chain, it can be hard to find an efficient route for trades.
Aggregating liquidity for Base ensures you get the best price for your token swaps.
A special commendation must go out to the Base team, who set a high bar in terms of developer support and documentation, and provided Base testnet access with enough lead time for us to resolve issues and smoothly roll out support.
What is Base?
Base is a Layer-2 (L2) EVM network incubated by Coinbase. It uses optimistic rollups to track the state of the Ethereum network and process transactions off-chain. As a Layer-2 solution it offers significantly lower gas fees while benefiting from the established security of Ethereum. Note that there is no native USDC on Base as of August 2023, but rather a bridged version named USDbC.
Base is developed on top of OP Stack, an open-source development stack used by the popular L2 Optimism, using what’s known as an optimistic rollup to track onchain data. At launch, over 100 dApps had already been deployed on Base, and there are now at least 139 dApps live on Base, with a rapidly growing user base thanks to the strong reach of Coinbase.
What is BaseBank?
BaseBank is a decentralized finance (DeFi) platform that operates within the cryptocurrency and blockchain ecosystem. It offers a range of financial services and tools to users, allowing them to interact with digital assets, trade cryptocurrencies, provide liquidity to markets, borrow, lend, and participate in governance decisions.
Key features and offerings of BaseBank include:
Decentralized Exchange (DEX): BaseBank provides a DEX where users can trade a variety of cryptocurrencies and tokens. It typically offers features like spot trading, limit orders, and liquidity pools.
Liquidity Provision: Users can become liquidity providers by depositing their assets into liquidity pools. They earn fees in return for providing liquidity to the platform.
Borrowing and Lending: BaseBank may include lending and borrowing services, allowing users to borrow assets by providing collateral or lend their assets to earn interest.
Staking and Yield Farming: BaseBank often includes staking mechanisms that allow users to stake its native token or other assets to earn rewards. Yield farming involves providing liquidity and earning rewards.
Governance: The platform may have a decentralized autonomous organization (DAO) that allows token holders to participate in governance decisions, such as protocol upgrades and changes.
Cross-Chain Functionality: Some DeFi platforms like BaseBank aim to support multiple blockchain networks, enabling users to interact with assets on various chains.
Token Utility: BaseBank typically has a native utility token (e.g., BBANK) that plays a central role in the platform's ecosystem. The token may have various use cases, including governance, fee payments, and rewards.
BaseBank, like many DeFi platforms, aims to provide users with greater financial freedom and control over their digital assets while operating on blockchain technology, which is known for its transparency and security features. Users can access these services without relying on traditional financial intermediaries like banks. However, it's important to note that the specific features and functionalities of BaseBank may evolve over time as the platform develops.