What is the problem?

ShapeShift users currently face high transaction fees and slow confirmation times on Ethereum's network limitations. Additionally, the platform has difficulty attracting users who prefer lower-cost blockchain alternatives. Base is a new Op stack L2 that as seen a tremendous bump in builders, traders, new coin launches, and projects. Primarily due to memecoins but genuinely because they have a very hard working product lead.

Why are we solving it?

Mostly because Base has seen tremendous growth on Farcaster, with the launch of frames we can add multi chain support, and it would be good to migrate to where users are for acquisition and feedback. With now nodes coming online, the cost of running L2’s is more trivial. so, we can experiment more, which is one of our goals for the first half of the year.

To improve the user experience by reducing transaction costs, speeding up transaction times, and making ShapeShift more competitive by supporting multiple low-cost blockchain options.

How does it help Shapeshift users or DAO?

• Strategic Partnerships: The integration could serve as a catalyst for stronger relations with the Coinbase team, opening doors for future collaborations and mutually beneficial partnerships.
  • Reduced Fees: Makes using ShapeShift more affordable for casual users.
  • Faster Transactions: Improved efficiency makes the platform more attractive to frequent traders.
• Expanded Blockchain Options: Supporting multiple blockchains, including Base, attracts a broader range of users.
• Enhanced Internal Documentation Support: @kevin/ @Wooden Furniture have been going over how to do network support. This will help to refine their documents and publish for future integration ease.

How are we solving it?

Integrate base on nownodes, add to chainstack, parse out all the Tx history and NFT display.

Robust testing with MM and native walletconnect on apps like zora and uniswap

What are the requirements (engineering, marketing, grants etc.)?

Engineering: Tech Spike

Engineering(Big Kev): Base Node Infra

Engineering: Base Trading Support

Marketing: Co Marketing Campaign with OnRamps? Ox? 1inch? CoinBase?