Base Ecosystem Fund Opens for Applications, with a Focus on Supporting Stablecoins, Credit, and Prediction Markets

BlockBeats News, July 17th, Base announced that the Base Ecosystem Fund is currently seeking builders in the global DeFi space, and will provide Pre-Seed and Seed funding to selected projects, along with ongoing support from the Base team.

The fund is currently focusing on tokenization, stablecoins in emerging markets, credit, prediction markets, traditional and institutional markets, and smart contract business. In the tokenization area, it includes bringing yield-bearing assets on-chain and using tokenized portfolios as collateral. In the stablecoin area, it involves cash-heavy emerging market distribution networks and local stablecoins.

The credit focus includes unsecured consumer credit based on on-chain and off-chain data, and multi-party credit. The prediction market direction includes conditional asset markets, as well as vertical markets such as politics, culture & media, insurance, and clinical trials.

Base also aims to support on-chain forex markets, on-chain bilateral OTC protocols, transaction smart contracts for everyday consumption, and SKU tokenization. Relevant teams can apply to the Base Ecosystem Fund.