Four product development directions for Base in the coming year

Author: Jesse Source: X, @joezhoublack

In early October, Jesse answered 100 questions from the community on Warpcast, covering a wide range of content. I selected four product development directions for Base in the next year.

1. Base may build "on-chain unsecured credit products" in the future

Jesse believes this is a very important use case. Borrowing on the chain can be based on the user's credit score, historical transaction records or other on-chain data.

This is Base's specialty. Just today, Base's daily transaction volume exceeded 6 million times for the first time, leading all major L2 public chains. This also means that it will have "priority development rights" on this product.

2. Base will develop stablecoins in various regions

When answering the community, Jesse believed that each country should use its own currency on the chain, which will become an important focus for developers.

Currently, in addition to the global stablecoin USDC, Base is also developing the local stablecoin OAK in the Auckland area. In the future, Base may develop "local stablecoins" in more regions.

3. Base will continue to develop on-chain social media and creator tools

Jesse talked about a case: "You can send and receive information from private.jesse.base.eth, which is completely private and has no complexity in user experience."

On Coinbase Wallet, Jesse has been trying to do social networking (such as the case just now). And on Farcaster, Jesse has also invested a lot of energy.

Jesse said: Base's core developer culture was largely developed on Farcaster.

4. PayFi

Jesse owns a restaurant in Oakland and knows how slim the profits are. Jesse said that small businesses in the United States have an average profit margin of only 3-5%, but have to pay 3-5% payment processing fees.

Jesse said he hopes to use Coinbase Wallet to buy hot dogs at baseball games next summer.