5 Plays to Double-Dip a BASE Airdrop

At the BaseCamp conference this Monday, Jesse Pollak confirmed that a BASE token is under consideration, noting that Coinbase is exploring a network token as a potential tool to help build the next-generation onchain economy.

This development marks a seismic shift from previous Coinbase guidance, which had maintained that there were “no plans” for a token, and opens the door to a lucrative airdrop for early users of the sixth largest crypto network in existence.

While there are no definitive token plans at this time, the soft confirmation makes now an excellent time to position for a prospective BASE airdrop.

Here are five tokenless opportunities to hunt while positioning for the BASE airdrop. 🪂👇

💸 ZKP2P

Website | Twitter

ZKP2P is a peer-to-peer marketplace that allows users to onboard and offboard directly with blockchains, like Base and Ethereum, leveraging zero-knowledge proofs to protect personal data during the transaction.

Compatible with both bank-to-bank payments network Zelle and private fintech payments platforms including Paypal and Cash App, ZKP2P offers a frictionless and low-cost funding/withdrawal experience for crypto users seeking an alternative to traditional crypto exchange experiences.

ZKP2P payment proofs are stored locally to your browser and discarded after the session, ensuring no leakage of personal information as the application facilitates fund transfers between onchain and offchain payment parties.

1. [quest 1016 “Fund Base Wallet with ZKP2P”]

♾️ InfinityPools

Website | Twitter

InfinityPools is a decentralized exchange on Base that offers unlimited leverage on any asset with no liquidations, counterparty risk, or oracles. It does this by hedging trader positions on Hyperliquid to secure enough liquidity to close a position with zero losses, no matter the price fluctuations in the underlying.

Similar to perpetual exchange funding rates, InfinityPools traders must pay interest to liquidity providers, which increase alongside leverage. Unlike perpetual exchanges, however, as liquidity is secured in advance, InfinityPools traders do not face liquidation risk when price moves against their position; they are only liquidated if interest rate expenses deplete available collateral.

While InfinityPools trading is limited to whitelisted accounts at this time, the Protocol has already rolled out its liquidity vaults to the public. InfinityPools indicated that it will distribute points to vault depositors, which will roll out “very soon” and include retroactive allocations.

1. [quest 808 “Provide Liquidity to InfinityPools”]

🏷️ Basenames

Website | Twitter

Basenames are a core onchain building block that enable builders to establish their identity on Base by registering human-readable names for their wallet address. They are fully onchain, built using the same technology powering ENS names, and deployed on Base.

Coinbase ecosystem users who meet certain criteria can receive one 5+ character Basename free of charge for one year. Otherwise, variable annual registration fees apply depending on the number of characters in the name, which run as low as 0.0001 ETH for 10+ character names.

Although there is no formal indication that Basenames will have a separate token from the Base network, there seem to be few barriers preventing the deployment of one. The ENS airdrop distributed hundreds of millions of dollars to early users of Ethereum Name Service in 2021.

1. [quest 640 “Claim base.eth Username”]

👋 YO Protocol

Website | Twitter

Backed by Paradigm and deployed to Base, the Yield Optimizer (YO) Protocol is designed to be a diversified index of the best yield-generating pools across multiple protocols and blockchains.

YO aggregates yields and handles portfolio rebalancing, allowing users to earn yield with ease on their ETH, BTC, USD, and EUR deposits. Pool allocations are adjusted based on risk using Exponential.fi ratings, and the underlying pools can be viewed on the vault page for each asset.

Users receive liquid yoTOKENS after depositing, which enjoy widespread integrations across preeminent Base DeFi applications, including Pendle, Euler, and Contango. Withdrawals worth less than 5% of vault TVL are executed instantly, but larger transactions may take up to 24 hours to finalize.

1. [quest 1017 “Deposit to YO Protocol”]
2. [quest 1018 “Refer Others to YO Protocol”]
3. [quest 1019 “Deposit yoTOKENS to DeFi”]

✈️ Autopilot

Website | Twitter

Autopilot is an automated yield max protocol for Aerodrome. When users deposit veAERO to Autopilot, the system allocates votes to pools based on reward optimization; claims bribes, fees, and rebase rewards; converts rewards to USDC; and makes rewards available to claim anytime.

Users must deposit a minimum of 300 veAERO, and all supplied veAERO is automatically re-locked for the maximum duration of 4 years to maximize Aerodrome rewards and voting power throughout the lifetime of the deposit.

While Autopilot does not have an active points program or formal plans for an airdrop, other rewards maximization protocols built on DeFi primitives (like Convex and Aura) have previously distributed tokens to early users, creating precedent for Autopilot to conduct an airdrop.

4. [quest 1013 “Purchase AERO”]
5. [quest 1014 “Lock AERO for veAERO”]
6. [quest 1011 “Deposit veAERO to Autopilot”]
7. [quest 1012 “Refer Others to Autopilot”]