The team behind the ERC-7660 protocol, Benchmark Labs, has successfully migrated the liquidity of the BENCH token to the Base mainnet. Users can now use the official cross-chain bridge on Layer 0 to transfer BENCH tokens to Base. 💱🌐 With one click you can deploy the feature for ERC-7660 tokens on the BASE mainnet. Benchmark Labs also plans to introduce new features to Base in the near future.
Base is a Layer 2 network developed by the company behind the cryptocurrency exchange Coinbase. It aims to increase transaction speeds while maintaining the robust security features of the Ethereum main network.
Benchmark Labs has developed an experimental token standard focused on memetic coins. Known as ERC-7660 and based on ERC-20, it introduces a “consensus period” designed to encourage community participation and collaborative verification specifically for memetic coins.