Coinbase's counter-attack: develop an inflation-pegged "flatcoin" to track the cost of living.

Coinbase is calling on developers to work on four "critical" areas of its on-chain ecosystem, including an inflation-pegged “flatcoin,” a reputation protocol, a limit order book exchange, and tools to secure the DeFi ecosystem.

Highlights

• Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its layer-2 network Base.
• The other three include an on-chain reputation system, limit order book exchange, tools that make decentralized finance (DeFi) ecosystem safer.
• The trading platform outlined the four areas in a March 24 post — about a month after it launched Base on Feb.
• 23.
• Base is secured by.
• Ethereum and powered by fellow layer-two network Optimism, it said it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions.

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