Base Ecosystem: How to Claim a $1,000,000 Drop?
Base is a layer-two network operating on the Ethereum blockchain. It promises to provide developers with an affordable and straightforward way to create decentralized applications (DApps) that interact with the Coinbase ecosystem.
The main goal of Base is to offer developers secure and easy access to the second-layer Ethereum network. Coinbase hopes that the project will serve as an inexpensive bridge, enabling users to easily create other products for the crypto economy.
Base also aims to address some issues with other second-layer networks. It will use the open-source OP Stack software so that other users can fork the network and create their own versions if desired.
Base will also have a direct link to Coinbase products. For example, if a developer creates a blockchain-based game, they can use this system to allow users to easily withdraw their tokens to Coinbase. It can help Coinbase maintain its popularity as cryptocurrency users transition from traditional investors to Web3 enthusiasts.
How Base Works
As mentioned earlier, Base utilizes L2 technology to save developers’ costs.
Additionally, Base employs rollup mechanisms, which take data from 100 different transactions and compress them into one transaction, thereby reducing time and lowering fees.
Base Tools:
Bridge: A crucial L2 network offering for developers, helping transfer data from one blockchain to another. Current Base bridges allow sending ETH tokens from layer 1 to layer 2, enabling early-stage projects to create a foundational ecosystem fund or move their profits elsewhere.
Oracles: Oracles allow adding real-world data to on-chain functions. Currently, the OP Stack Optimism system primarily supports oracles with price correction. Developers can use these tools to create smart contracts that behave in specific ways when certain prices are reached.
Node Providers: Base offers access to various third-party node providers, relieving developers of unnecessary expenses and issues related to node operability.
Network Faucets: Add ETH to Base to cover gas fees and other expenses. This allows for quick and smooth project development on the Base network, thanks to secure access to ETH.
Block Coaching: Simplifies the filtering of vast amounts of data on Base. Instead of reading numerous raw data, developers can use a simple and convenient interface to explore transaction information, smart contract source codes, and much more.
Already now Base is compatible with many well-known EVM-based applications, including such prominent names as:
- OpenSea, Aave, PoolTogether, Uniswap, Galxe, Iskra, and Pixelmon — they have already integrated with Base, utilizing its features and expanding its sphere of application.
Base Airdrop
At the moment, Base does not have its own token, so missing out on the distribution of such a significant giant is definitely not an option!
Base uses ETH as its gas unit, but there is no need to worry — the Dencun update has significantly reduced fees on the ETH and Base networks!
Early project users may be eligible to receive an airdrop, so we recommend regularly engaging in activities on the network to increase the chances of receiving an airdrop.
If you prefer not to manually and regularly perform activities on the network, then switch to an auto mated platform for receiving airdrops, where you can purchase Base accounts to potentially qualify for a future drop.
To perform activities manually, follow the main guide:
- To receive the Base airdrop, you should operate in the L2 chain Ethereum, so you will need to add the Base network to your Metamask or Coinbase Wallet.
For convenience, you can add the network to DeFiLlama.
Alternatively, manually through MetaMask:
Go to the website and click “Add a network manually”.
Then fill in the fields according to the data below:
- Name: Base Mainnet
- New RPC URL: https://mainnet.base.org
- Chain ID: 8453
- Currency Symbol: ETH
- Block Explorer: https://basescan.org
Click on “Save”.
2. Continue to interact with the official Base bridge:
Connect your MetaMask and select the desired amount you want to transfer from the ETH network to the Base network:
Consider the size of the fees that the bridge will deduct:
However, after the Dencun update, the fee on the Base network dropped to $0.05 — so now is the best time to leverage the network.
Then click “Deposit” and sign the transaction.
To withdraw ETH from the Ethereum network to Base, you can use the Withdraw tab.
3. Now it’s worth interacting with other bridges and swapping platforms using the Base network, choosing protocols that support the network from the DeFiLlama list:
Perform swaps on Uniswap to warm up your wallet (for example, ETH to stablecoins and back):
Optionally, provide liquidity to pools (taking into account fees):
4. Interact with Compound (deposit ETH or stablecoins for interest), considering APY:
More details on how to use lending protocols and acquire cards on the platform without holding stablecoins — we talked about here.
Interact with the Zora bridge, thereby showing activity in 2 projects at once. (You can also purchase Zora cards on the platform to qualify for a future drop):
6. Also, keep an eye on collections in Zora and mint NFTs, such as this NFT on the Base network or Zorbion NFT, to qualify for a drop in Zora as well:
7. Perform swaps and bridges on Symbiosis (ETH to ETH, USDC to USDC, ETH to USDC, and so on):
Also, provide and withdraw liquidity in Symbiosis:
8. Make swaps and add liquidity to pools on SushiSwap:
9. Also, interact with WooFi (swaps and bridges):
These are just the basic activities to conduct on the Base network to qualify for a drop in the future.
Bonus. Interact with friend.tech (backed by Paradigm itself — that’s 🟩) — fund ETH and interact with the app:
Additionally, it’s worth interacting with BaseSwap, PancakeSwap, and other protocols from DeFiLlama — to qualify for drops in them as well (for those who don’t have tokens yet).
Conclusion Thus, Base is simply a standard L2 system, similar to Polygon or Arbitrum. However, it stands out thanks to its thorough integration with the Coinbase system.
The ability to quickly and easily create DApps that work with the largest cryptocurrency exchange in the US opens up a plethora of fantastic opportunities for developers. At first glance, this project may seem simple, but it can lead to impressive results.
So if you don’t want to perform routine activities daily and independently calculate expenses on the network monthly for your farm to qualify for an airdrop and break even, use AirdropHunter, where right now you can purchase up to 30 Base cards + receive a bonus transaction in Kinza, thus counting on a possible drop — immediately from 2 projects!
DYOR✅
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Dapp: https://app.airdrop-hunter.site/
Twitter: https://twitter.com/airhunter_drop
Telegram: https://t.me/airdrop_hunter_bot
