Original Title: "Based Weekly Issue 004"
Original Author: goyabean
Original Translation: Wenlanbo, ChoeyGit, CBB Base Chinese Builders Community
Welcome to Issue 004 of Based Weekly, where we delve into the pulse of the on-chain world, the benefits of Pizza DAO are on the way, and Coinbase is resolutely fighting against bad actors! Buckle up as we review this week's major on-chain events!
Coinbase Takes a Hard Stance Against Ransomware Attackers
On May 15, 2025, Coinbase disclosed a cyber attack incident that fortunately affected less than 1% of monthly active users on Base and other networks. Hackers bribed overseas customer service personnel to steal user names, addresses, and transaction histories, demanding a ransom of $20 million in Bitcoin to keep quiet (not disclose the information).
Coinbase CEO Brian Armstrong countered by refusing to pay the ransom and instead offered a $20 million reward for capturing the criminals. Coinbase will also compensate affected users, with expected compensation amounts ranging from $180 million to $400 million.
No funds or keys were stolen in this incident, but it exposed vulnerabilities in the overseas customer service review mechanism. While Coinbase's tough measures may enhance user trust to some extent, the effectiveness of the reward remains to be seen. Base users are advised to stay vigilant against phishing risks! For more information: https://www.coinbase.com/blog/protecting-our-customers-standing-up-to-extortionists
Metopia's "Newbie Task Pack" Supports New Developers on Base
On May 12, 2025, @Metopia_xyz launched the "New Task Alert" campaign on X platform, bringing exciting updates for Base users, specifically aimed at new developers on Base. This starter pack is designed to help newcomers join the @base ecosystem, providing a structured learning experience, and comes highly recommended by @jessepollak. The main goals of this event are to explore the vision and advantages of Base; understand the mission and technology driving the platform; and learn how these innovations enhance your on-chain experience. As the Base network continues to develop into a hub for developers and DeFi enthusiasts, the introduction of this task pack provides timely resources for new users looking to explore the Base ecosystem.
Bankr Bot Set to Integrate with Coinbase Wallet
Bankr, an AI-driven cryptocurrency trading bot, is integrating with Coinbase Wallet, allowing users to utilize automated trading features without leaving the app, marking an important step forward for crypto AI tools. This integration leverages XMTP (a decentralized messaging protocol) to enable secure encrypted communication within Coinbase Wallet, aligning with the latest advancements in Web3 messaging solutions. This update is part of Coinbase's push towards broader applications of AI and decentralization, similar to their announcement in July 2023 regarding their partnership with XMTP, aimed at simplifying user operations in the crypto space.
BandoCool Fully Integrates into Base Ecosystem: Simplifying Cryptocurrency Payments
On May 13, 2025, @BandoCool announced "Bando is now BASED," collaborating with @base to build a global on-chain economy. Bando enables users to directly use tokens on @base to purchase everyday products and services from Amazon, Uber, Starbucks, Airbnb, and Target, all in just five clicks, without leaving the wallet, bridging, or fiat conversion, resulting in a seamless cryptocurrency payment experience. Bando's success in the #OnchainSummerBuildathon payment track last summer laid a solid foundation for this release, and their competition win has strengthened the team's focus on developing practical applications on Base. Test it out: app.bando.cool
OK COMPUTERS Upgrade: Evolving from Terminal to On-Chain Website
OK COMPUTERS, launched by @dailo, underwent a major upgrade for their NFT series released on @base. Thanks to the unique on-chain terminal design for each token, users can interact with their NFTs through a decentralized command-line interface, making OK COMPUTERS a pioneer in functional utility NFTs. Building on this foundation, they can evolve into a more ambitious project: each OK COMPUTER can host, view, and edit its own on-chain webpage directly within the NFT.
This upgrade transforms OK COMPUTERS into "Web3 Geocities," where each NFT is an editable live webpage, 100% stored on-chain, without relying on IPFS or servers. Your content is permanently stored on the blockchain and can be edited using the "page edit" feature, allowing you to publish HTML with simple commands and view any OK COMPUTER's page by entering "page token#>."
This feature connects bots through an on-chain communication protocol, supporting messaging, content publishing, and collaborative webpage building, creating an interconnected super network. From now on, each NFT is a node in this digital society, activated and ready for interaction. X user @maxslch published a detailed tutorial on how to publish pages on-chain using OK Computer NFTs. Check it out: max @baseddesigner (@maxslch) on X
Superlend Launches SuperFund: Simplifying Stablecoin Savings on Base
On May 14, 2025, @Superlend_xyz launched SuperFund, a groundbreaking stablecoin savings account designed for @base. SuperFund aims to simplify how users utilize USDC on-chain through smart allocation and automatic rebalancing mechanisms across multiple major lending protocols, including @aave, @eulerfinance, @MorphoLabs, and @0xFluid.
Powered by Euler Earn, SuperFund supports automatic rebalancing of users' saved USDC every hour without manual intervention. The lack of a lock-up period provides flexibility for deposits and withdrawals, making it an easy-to-use tool for both novice and experienced DeFi users. Superlend focuses on building transparent on-chain financial tools, enhancing the global on-chain economy in collaboration with Base. The automatic rebalancing feature ensures optimal returns without user intervention, while the no-lock-up period offers liquidity for funds, a rare combination of features in DeFi. Experience it now: funds.superlend.xyz
Optimism's SuperStacks: Total Value Locked Surpasses $100 Million and Continues to Grow
On May 11, 2025, @optimismFND announced that the SuperStacks project reached a development milestone, with the total value locked (TVL) across the entire Superchain (including @base) exceeding $100 million. Their slogan is: "Use Superchain, Earn Rewards." This pilot project demonstrates the increasing adoption of the Superchain network, rewarding user participation and preparing for the ecosystem's rise. To become an original participant (OG) in Superchain, users can: participate in SuperStacks; share their participation experiences on Twitter. Earn additional rewards. Go to http://app.optimism.io/superstacks to join this on-chain co-building movement and earn extra rewards.
Basecamp 2025: Participate and Get an Invitation
On May 10, 2025, @base announced the next Basecamp event, a gathering you won't want to miss. Last year's Basecamp was a whirlwind of innovation, networking, and inspiration, and this year's event promises to be even grander. For Base users and developers, this is an opportunity to gain insights into the future of the network, connect with like-minded individuals, and drive projects forward. Please mark your calendars and prepare to embark on an accelerated journey of on-chain exploration!
Flashblocks: Base Set to Accelerate 10 Times
Base has announced the launch of Flashblocks, a revolutionary technology that reduces effective block time from 2 seconds to 200 milliseconds, increasing network speed by 10 times. The first phase has already begun, allowing developers to test and prepare on the testnet. This upgrade will fundamentally change on-chain performance, positioning Base as a leader in EVM efficiency. This is a testament to Base's commitment to enhancing scalability for users and developers. Get ready for the full technical rollout!
Virtuals Protocol's Genesis Project Surge: $AXR, $ARBUS, and Staker Airdrops
In the past week, @virtuals_io's Genesis project has achieved impressive results, with $AXR (Axelrod) and $ARBUS leading the way. $AXR surged 35% to $0.0215, while $ARBUS rose 28% to $0.0187, both reflecting strong market confidence in Virtuals' AI-driven ecosystem on @base. Stakers have been rewarded through airdrops, and these gains highlight the project's success in nurturing high-potential projects. $VIRTUAL holders and Genesis Trenches participants are eligible for these airdrops, as emphasized in the Virgen Points System update released on April 6, 2025, which rewards active participation and long-term holders.
The Genesis project focuses on fair token distribution based on contributions, continuously gaining attention, and users can earn points by holding $VIRTUAL, participating in Trenches, and other activities. An official guide for frequently asked questions about buying, selling, or holding Genesis Agent Tokens has also been provided. Recently, $playgameAI was suspended due to malicious activity, and a subsequent compensation plan has been established, underscoring the necessity of official operational guidelines. For Base users, the Virtuals ecosystem indeed offers a unique opportunity to interact with AI tools and tokenized assets, but it also requires conducting your own research. The performance over the past week proves the potential and risks present in this evolving field.
YO's Yield Optimizer: Automated Multi-Chain Liquidity Mining on Base
On May 13, 2025, @yield launched YO (short for Yield Optimizer), promising to revolutionize liquidity mining on @base and other chains. Their slogan is: "Say goodbye to manual liquidity mining, and welcome automated, risk-adjusted multi-chain yields." YO utilizes smart algorithms to rebalance funds across protocols like Aave, Euler Finance, Morpho, and Fluid, ensuring optimal returns without user intervention. This update seamlessly integrates with Base's growing DeFi ecosystem, maximizing users' yields on USDC and other stablecoins.
This update from YO is timely, as manual liquidity mining often requires constant monitoring and carries significant risks. By automating this process, YO aims to provide more people with high-yield opportunities, although its effectiveness will depend on the platform's security and the volatility of the underlying protocols. For Base users, this simplifies DeFi interactions and may increase adoption rates, potentially changing the game. However, as with any DeFi tool, due diligence is crucial. YO's promise of efficiency is compelling, but the real test lies in execution and user trust. Stay tuned for their progress!
Base Batches Concludes Successfully: A Wave of Innovation is Coming
On May 17, 2025, Base Batches officially concluded, a global competition that attracted numerous developers eager to shape the future of @base. We eagerly await the judges' final decision to be announced on June 1, 2025, to reveal the outstanding projects. From DeFi solutions to social platforms, innovative, game-changing applications have great potential for awards. For Base users, this marks a pivotal moment, as each entry pushes the boundaries of on-chain possibilities. Get ready to welcome a wave of innovation that could redefine Base!
For all Base Batches participants, don't forget to look for additional opportunities: if you used @flaunch in your project, you may be eligible for the Flaunch Builder Grant; if your project integrated @chainlink, keep an eye on another competition they will host on @devfolio where you can showcase your work. These additional channels can amplify the visibility of your efforts, so seize them! The future of Base is bright, and we are excited to be a part of it!
Get Ready for the 2025 Global Pizza Party: Bitcoin Pizza Day Celebration
The crypto world is preparing for a delicious celebration, as the fifth Global Pizza Party hosted by Pizza DAO will take place on May 22, 2025, commemorating Bitcoin Pizza Day, when Laszlo Hanyecz famously purchased two pizzas for 10,000 BTC in 2010, now worth nearly $1 billion! This year, over 25,000 pizza lovers are expected to gather in more than 400 cities worldwide, from New York to New Delhi, enjoying free pizza, experiencing community vibes, and discussing blockchain. Check out the Pizza DAO website to find the nearest party and join this global feast!
Unexpectedly, the proposal from Nouns DAO to co-brand and fund this year's Global Pizza Party was rejected, which is different from previous years when Nouns DAO supported the event with large grants. But don't worry, as Base has become a global partner, ensuring support for this decentralized celebration, keeping our pizza supply flowing. Base's post on X (Twitter) emphasizes its commitment to co-hosting over 400 parties in more than 100 countries, proving that pizza and on-chain innovation are a perfect match in the crypto paradise.
Even more exciting, @BasedCreators is collaborating with @PizzaDAO and @ownthedoge to host a Bitcoin Pizza Day Creator Party Contest that is sure to spark your creativity. Every creator on Base is invited to participate by creating a meme, a piece of music, or an artwork to celebrate Bitcoin Pizza Day. The winners will be showcased by @PizzaDAO, giving artists, musicians, and meme masters a shining opportunity. The deadline is May 21, so follow @BasedCreators, @Pizza_DAO, and @ownthedoge, submit your work in the comments, tag three friends, and retweet to join this "Party Sauce" showdown. Let's create the most legendary pizza party ever!
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