Base network has officially launched: Here's how it can be used

Coinbase’s Base web has officially launched aft spending a fewer weeks successful an “open for builders only” phase. The web is present acceptable to onboard users, according to an Aug. 9 announcement from the team.

Several Web3 improvement teams person simultaneously announced that they are releasing apps for Base, and the network’s squad has released a docket of upcoming events to observe its launch.

Base initially launched successful beta version connected Feb. 23. As soon arsenic it was announced, galore successful the crypto assemblage speculated that it could assistance to onboard much users into Web3 protocols, acknowledgment to Coinbase’s ample idiosyncratic base. The web launched its mainnet version “for builders” connected July 13, but the squad warned that it wasn’t acceptable for users yet. On Aug. 9, the web became disposable for each users.

Here are a fewer things users tin bash connected Base close now.

Bridge tokens

Users tin span Ether (ETH) from mainnet to Base utilizing the authoritative Base bridge, which launched a idiosyncratic interface connected Aug. 3. On Aug. 9, the cross-chain bridging protocol Wormhole announced it is disposable connected Base.

Swap tokens and supply liquidity

At slightest 2 decentralized cryptocurrency exchanges (DEXs) person announced they are moving connected Base, and a 3rd whitethorn relaunch soon. Uniswap, 1 of the archetypal decentralized exchanges connected Ethereum, declared their Base mentation was moving connected Aug. 7.

Maverick Protocol besides announced its Base mentation connected Aug. 8. Maverick claims to supply greater superior ratio and let for greater customization than its competitors.

A 3rd DEX connected Base, LeetSwap, was antecedently moving during the “builders only” signifier but is presently unopen down owed to an Aug. 1 exploit. The squad intends to relaunch the task astatine immoderate constituent successful the future. LeetSwap claims to beryllium a DEX for “leet degens" and offers “dual-token workplace rewards” to maximize yield.

These 3 apps supply options for users who privation to swap tokens oregon go liquidity providers.

Make payments

At slightest 1 outgo app for Base is available.

Beam is simply a web-based app that allows users to make payments utilizing either U.S. Dollar Coin (USDC) oregon the app’s autochthonal coin, Eco. According to the app’s developers, users aren't required to store effect words oregon person Ether to wage for state fees. They tin log successful with their Twitter accounts and wage for state utilizing USDC oregon Eco. The app besides features a built-in fiat-to-crypto and crypto-to-fiat gateway.

Base announced Beam’s motorboat for the web connected July 27.

Register a username

Masa Finance has released its soulbound token protocol for Base. On Aug. 8, the protocol announced that users tin present registry their .masa usernames connected Base. These usernames whitethorn aboriginal beryllium utilized for recognition underwriting and different Know Your Customer-compliant services.

In its announcement, Masa claimed to person minted implicit 280,000 usernames connected Base since the builder signifier began.

Launch a decentralized autonomous enactment (DAO)

Decentralized autonomous enactment instauration protocol Aragon has launched its “no-code Aragon app” and “modular Aragon OSx” connected Base to let for DAOs to beryllium easy created connected the caller network. Although it's mostly developers that volition usage this function, extremity users tin besides found DAOs connected Base done Aragon. 

Mint and cod nonfungible tokens (NFTs)

Onchain Summer idiosyncratic interface. Source: Base

Multiple brands and projects volition let users to mint NFTs exclusively connected Base passim August and aboriginal September. These see Coca-Cola, Coinbase’s Stand With Crypto campaign, Showtime, Atari, Optimism, OpenSea, and others. Each NFT launches connected a antithetic time of the Onchain Summer festival. For example, the Showtime NFT becomes disposable connected Aug. 18, portion the Atari 1 launches connected Aug. 25.

Some investors mislaid during Base's phased launch

Despite Base’s archetypal occurrence successful attracting app developers, its motorboat hasn’t been without problems. The web was up and moving betwixt July 13 and Aug. 2 but didn’t person a span UI. As a result, immoderate users attempted to get an aboriginal pb by utilizing developer tools to transportation ETH to the network, which was past utilized to put successful memecoins that were expected to emergence successful worth aft the network's authoritative launch. However, galore investors mislaid wealth successful these projects owed to assorted motorboat issues.

An estimated $2.2 cardinal was lost by investors successful the July 28 Pond0x memecoin motorboat owed to disorder surrounding however the token was expected to beryllium distributed. Another $1.9 cardinal was mislaid during the July 31 BALD token motorboat connected Base erstwhile the developer pulled immoderate of its liquidity.