Coinbase

/images/icons/web.svgwww.coinbase.com
/images/icons/twitter.svgtwitter.com/coinbase

Coinbase is the most trusted cryptocurrency platform, and an ideal starting point if you're new to crypto. They started in 2012 with the idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, they offer a trusted and easy-to-use platform for accessing the broader crypto-economy.

When you deposit on a centralised exchange you receive an IOU for your tokens, which shows up as your wallet balance. When your tokens are held on a centralised exchange, you don't physically own them – the exchange does, and you may lose them.

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# Base
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Coinbase projects

Base

### What Base is built as an Ethereum L2 on the OP stack, with the security, stability, and scalability you need to power your dapps. Confidently deploy any EVM codebase and onramp your users and assets from Ethereum L1, Coinbase, and other interoperable chains. ### Why Get the EVM environment at a fraction of the cost. Get early access to Ethereum features like Account Abstraction (ERC4337), simple developer APIs for gasless transactions, and smart contract wallets. ### Risk Bridging your funds from Base back to mainnet can take up to 7 days. Find out more about [Base bridges](https://docs.base.org/tools/bridges/) ### Reward Base’s rollup architecture reduces costs (vs using ethereum mainnet) by up to 10x for users.

base.org

Funded

Chaos Labs

Chaos Labs provides real-time risk assessments and makes use of simulation technology to ensure the safety of the assets their clients manage. They provide risk services including: ### Parameter Recommendations Gain actionable insights on how shifts in your parameter settings will impact protocol revenue, capital efficiency, and user accounts. ### Protocol Risk Dashboard A macro view on your protocol’s economic well-being as well as user positions, ensuring you always have a view on risk exposures. ### New Asset Support Make informed decisions around adding new assets, comprehensively weighing the economic risk and opportunity ### Economic Analysis Get assurances that what you’re building is economically sound and test potential exploits in Chaos Labs’ on-chain simulation environment.

chaoslabs.xyz

Euler Finance

### What Euler is a non-custodial permissionless protocol on Ethereum that allows users to lend and borrow almost any crypto asset. Euler helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third-party. ### Why? Euler introduces a number of new features in DeFi, including permissionless lending markets, protected collateral, reactive interest rates, per-second compounding interests and feeless flash loans. #### Permisionless listing Euler lets its users determine which assets are listed. Any asset that has a WETH pair on Uniswap v3 can be added as a lending market on Euler. #### Protected Collateral On Compound and Aave, collateral deposited to the protocol is always made available for lending. On the other hand, Euler allows collateral to be deposited, but not made available for lending. This collateral is 'protected'. It doesn't earn interest, but is free from the risks of borrowers defaulting, can always be withdrawn instantly, and helps protect against borrowers using tokens to influence governance decisions. #### Reactive interest rates Euler uses control theory to autonomously change the interest rates towards a level that maximises utilisation of assets in the protocol. These reactive interest rates adapt to market conditions for the asset in real-time without the need for ongoing governance intervention. #### Compound Interest Compound interest is accrued on Euler each second. This is different from other lending protocols, where interest is typically accrued every block. Earning interest per-second is generally expected to perform more predictably in the long-run, even if upgrades to Ethereum lead to changes in the average time between blocks. #### Feeless Flash Loans Euler only charges fees according to the time value of money, and from the blockchain's perspective flash loans are held for a duration of 0 seconds. Thus, they are entirely free on Euler (ignoring gas costs).

www.euler.finance

Forta

The Forta Network monitors on-chain activity in real-time, detecting threats, security-related events and other noteworthy activity. The network is made up of thousands of detection bots developed by a community of Web3 developers and security experts. Each bot acts like a little security camera monitoring something specific on-chain. Some bots monitor generic threats (i.e. phishing attacks, rug pulls), and others monitor protocol-specific activity (i.e. Lido, Compound). There are two primary actors in the Forta Network: **Users, **who consume threat intel generated by the network. Users could be Web3 wallets, DeFi protocols, or centralized exchanges looking for the latest threat intel to protect their customers. **Developers,** who create and maintain detection bots. They could be a leading Web3 security team, an independent security researcher or a DeFi core dev using Forta to monitor their protocol.

forta.org

Morpho

### What Morpho is a peer-to-peer layer built on top of other lending protocols like Compound or AAVE. It is a lending protocol optimizer - this means that it improves capital efficiency on lending pools by improving the matching of lenders and borrowers. Morpho can be adapated and deployed to any pool based lending protocol, and it acts as a proxy between the user and the underlying lending pool. In the worst case scenario users get the normal APY of the underlying pool, but when matched they received an improved rate thanks to the P2P matching. You can think of Morpho as an engine that matches users interacting in a pool depending on their preferences to get the best rates for both of them. ### Why Peer-to-peer lending is more efficient than peer-to-pools lending (where lenders provide liquidity or assets, to a pool of assets, and borrowers borrow from it). In P2P lending, lenders and borrowers are matched directly and the interest is paid by the borrowers directly to the lender instead of being paid to a pool to be later distributed among all lenders in a pro-rata basis. Morpho combines the benefits of P2P lending (capital efficiency) with the relative high liquidity of peer-to-pool lending. This enhanced matching results in improved rates for lenders and borrowers.

morpho.xyz

Uniswap

### What Uniswap is a decentralized exchange protocol (DEX). It allows people to set up or contribute to liquidity pools consisting of various ERC-20 token pairs, or to use the available liquidity to swap their tokens against another using its Automated Market Maker (AMM) mechanism. ### Why AMMS are one of the building blocks in the crypto space as they always provide users with a price between two assets. Uniswap uses a simple X * Y = K, formula to price assets where x is the amount of one token in the liquidity pool, and y is the amount of the other. k is a fixed constant, meaning the pool’s total liquidity is always the same. ### Risk There are various risks involved with using AMMS. These include but are not limited to: Protocol Risk - risk due to mechanics in the design of a protocol. Even when the protocol functions as intended there might be risks e.g. high slippage incurred in trades due to the liquidity curve set-up Smart contract risk - This is risk from an error in the code causing the contract to operate in ways unexpected by the developers. It might leave the code vulnerable to exploits or other attacks Cybersecurity risk - Hackers, Exploiters or other malicious actors trying to attack Uniswap ### Reward Uniswap is arguably one of the largest AMMs in crypto and is usually the protocol where tokens find the most liquidity. Its UI/UX is extremely simple and users can trade most tokens with little problems.

uniswap.org

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