Today, the news of the @BuildOnBase launch reverberates through the industry and marks a dramatic acceleration of the on-chain vision that @Coinbase has been quietly building over the last half decade.
Let's dive deep into #Base, and what it means for the Moonwell community. 🧵 In the aftermath of 2022, it became apparent that some of the most trusted players in crypto were "swimming naked". When liquidity left markets due to the Fed raising rates, we found out who when big names such as Celcius, BlockFi, Terra, 3AC, Genesis, and FTX became insolvent.

Today, one of our contributors shipped a new feature that makes life a lot easier for borrowers that like to "fold" their positions. What is folding? Folding is when you supply an asset, borrow the same asset, then resupply what you borrowed. People use this to increase leverage. Folding and leverage are advanced topics, and you should know that this thread is not financial advice. If you are folding, you might appreciate the power of this new feature, which leverages a unique @MoonbeamNetwork feature called the Batch Precompile: docs.moonbeam.network/builders/palle…