🎉Base Ecological Fund announced the first batch of investment projects today, and selected 6 projects from more than 800 applications, namely Avantis, BSX, Onboard, OpenCover, Paragraph and Truflation. What is it about these projects that makes them stand out in a highly competitive market? Next, let’s take a look at the highlights of these projects!

1. Avantis: An on-chain perpetual contract product based on oracles, users can trade cryptocurrencies and real-world assets with up to 100x leverage and earn income by providing USDC liquidity as a market maker.

2. BSX: BSX Exchange, a decentralized spot and perpetual contract exchange, is being built and operated through off-chain order books and on-chain settlement.

3. Onboard: Provides users with self-hosted wallet services and allows for simple and secure transfers and cryptocurrency swaps between wallets, while supporting the exchange of cryptocurrencies into local currencies (currently only Nigerian Naira is supported).

4. OpenCover: The first L2 insurance aggregator to cooperate with underwriters such as Nexus Mutual. It supports insurance for dozens of DeFi protocols including Aave, Curve, and Uniswap by selling on-chain insurance.

5. Paragraph: An on-chain creator platform that helps creators publish, share and build businesses around their content. Articles published on Paragraph will be permanently stored on Arweave.

6. Truflation: An on-chain financial oracle that compiles data from 18 million points and more than 40 data sources in real time to provide automated, independent daily inflation reports including US CPI data, housing data, labor data, etc. .

What is the secret to the success of these projects? Welcome to share your opinions in the comment area! Let us look forward to these projects bringing more innovation and development to the Base ecosystem.