A month ago, we announced our Base Builder Grant in the spirit of, “If you build on Base, you will be rewarded.” Today, we proudly share that we have secured an investment from the Base Ecosystem Fund, led by Coinbase Ventures.
This strategic investment marks a pivotal step in our mission to increase economic activities on L2s starting by enhancing the efficiency and accessibility of token and liquidity migration to Layer 2 (L2) solutions.
Why Supermigrate?
In the evolving onchain landscape the efficient migration of tokens and liquidity is key. Supermigrate was built to address critical challenges within the industry, such as liquidity fragmentation and high transaction costs.
Our mission is clear: to drive onchain adoption and increase economic abundance. We achieve this by simplifying the migration process from Layer 1 (L1) to Layer 2 networks, reducing fragmentation, and boosting interoperability. This makes Layer 2s more accessible and efficient for users globally.
Having already migrated over 64 tokens and facilitated more than $60 million in bridged volume, Supermigrate is just beginning its journey.
Beyond Supermigrate
Supermigrate is more than just a migration tool; it is a protocol designed to foster a robust onchain ecosystem. As we continue to grow, we are introducing additional features to enhance the blockchain experience:
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Liquidity Migration: Streamlining the movement of liquidity to Layer 2 networks, reducing fragmentation and increasing incentives.
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Migrate Points: Rewarding users for their participation in the protocol, incentivizing active engagement and contribution.
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Launchbox: A solution for tokenizing communities, creating incentives to grow and engage them.
These innovations align with our commitment to addressing the core primitives of a digital economy. By focusing on these areas, we aim to drive onchain adoption and economic growth on a global scale.
The Impact of Investment
The investment from the Base Ecosystem Fund is a testament to the potential of Supermigrate. This support not only validates our vision but also equips us with the resources needed to accelerate our development and expand our offerings. With this investment, we are poised to make even greater strides.
We extend our heartfelt gratitude to everyone who has supported us on this journey. From our dedicated team members to our vibrant community and the folks at Base, your encouragement and belief in Supermigrate have been the driving force behind our success.
Stay connected with us as we continue this exciting journey. Together, we are building a more efficient, inclusive, and prosperous onchain economy.
Start migrating today!
Supermigrate, where ERC-20 tokens go to grow!