Base

🧵 (1/5) On the question of competition between L3 protocols on @base 

Onchain has no reason and no point to compete with Degen Chain. The L3 concept, in our understanding, involves a simple and fast chain that satisfies a specific set of needs 👇

Building /onchaincoin | 2D onchain woman | BD at /morpheus | Building an infra for IDOs to be backed by social capital at /frensly

It's not a matter of competing with Degen, it's that Base as a TON of established protocols that could be implemented on another chain, but why?

Why make another Aave or Uniswap and have to bootstrap liquidity for functional DeFi when you can just launch on base.