Coinbase One Introduces Onchain Benefits for Members – BitRss

Coinbase has announced the introduction of onchain benefits for its Coinbase One members, aiming to enhance the crypto membership experience beyond the Coinbase app. The new features, detailed here, are set to roll out fully over the next few days, offering exclusive onchain deals when members connect any wallet to their membership.

Coinbase One members can now access a variety of partnerships across the Base ecosystem, including trading, social, DeFi, and NFT ($0.00) decentralized applications (dapps). This initiative is designed to make exploring onchain activities more accessible and rewarding.

Maximizing Savings and Rewards

Members of Coinbase One can maximize their savings by transacting, saving, and creating onchain with reduced fees. Notably, members receive free gas on Base up to $10 per month and a complimentary Basename claim. Additionally, the advanced trading platform Definitive offers zero trading fees on the first $50,000 in trading volume, allowing trades across multiple chains like Base and Solana.

OpenCover, a leading provider of discretionary crypto cover on Layer 2 (L2), offers Coinbase One members a 10% discount on the Base DeFi Pass and a free cover up to $1,000. In the coming months, Uniswap Labs will provide access to a wide array of tokens across multiple chains, further expanding the benefits for members.

Enhanced Earning Opportunities

Coinbase One members can enjoy boosted rewards and exclusive prizes through various platforms. Aerodrome, a decentralized exchange on Base, allows users to lock AERO tokens to vote onchain and earn rewards. Members’ locks are weighted 30% higher, offering additional incentives.

Moonwell, a decentralized lending protocol, provides a share of up to 1.8 million WELL incentives for deposits in its vaults. Similarly, Morpho offers extra MORPHO incentives for deposits into its vaults on Base. PancakeSwap, another decentralized exchange, rewards members trading over $100 in volume with a portion of a bi-weekly CAKE ($2.06) airdrop.

Additional benefits include vehicle insights and rewards through DIMO, and creative opportunities on Zora, where members receive free sparks to trade digital assets. Sofamon offers personalized chat stickers with a chance to win rare Coinbase wearables.

To get started, new members can sign up for a seven-day free trial of Coinbase One. After verifying any wallet, members can access a dashboard showcasing exclusive benefits and recommendations across apps built on Base. The membership continues to offer zero trading fees, boosted rewards, and priority support for a monthly fee.

Why This Matters: Impact, Industry Trends & Expert Insights

Coinbase has launched onchain benefits for its Coinbase One members, aiming to enhance the crypto membership experience by offering exclusive deals and rewards across various decentralized applications.

Recent industry reports indicate increased institutional adoption and the integration of AI and Web3 technologies in the crypto market. This trend aligns with Coinbase’s initiative to enhance membership programs by providing personalized and secure experiences through onchain benefits. This aligns with Coinbase’s efforts to expand its membership offerings through advanced features and partnerships within the Base ecosystem.

As per insights from a Bankrate report, Coinbase One’s onchain benefits are praised for enhancing user experiences within the onchain economy. This supports Coinbase’s strategy of offering zero trading fees and boosted rewards, which are particularly beneficial for frequent traders and those engaged in onchain activities.

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