🎉Good news! Coinbase Ventures has invested $1 million in the Ampleforth Foundation's decentralized low-volatility commodity currency (flatcoin) SPOT strategy! 💰This is a big step, as SPOT is currently available on Ethereum and will be launched on Base! 🚀
Moreover, Aerodrome Finance, the DEX on the Base chain, will also launch related new markets on Monday. 📈This is a further boost to the four major directions supported by the Base Ecosystem Fund: 1. Stablecoins (flatcoins) that can track inflation rates; 2. On-chain reputation platform; 3. On-chain limit order book (LOB) trading platform; 4. Safer DeFi.
Coinbase CEO Brian Armstrong also said that flatcoin will be the next generation of stablecoins. 🔮This is an exciting development, let us look forward to more progress together! 🎉