Arbitrum Ecosystem

Ethena Ecosystem

Hyperliquid Ecosystem

Polygon Ecosystem

Solana Ecosystem

Based is a super app that allows you to trade spot and perpetual futures on Hyperliquid, as well as access the prediction market. Key features:<ul><li>Trading: allows trading spot and perpetual futures contracts via the Hyperliquid protocol.</li><li>Predictions: provides access to hundreds of prediction markets.</li><li>Payments: enables you to spend cryptocurrency at more than 70 million merchants in 160 countries using your own Based cards.</li></ul>

Ecosystem & Community Rewards

Community

Season 3 Rewards

Investors

Ethena Community

Core Contributors

February 23, 2026 - Based has raised $11.5M a Series A round.&nbsp;

Based

Based is a Web3 trading and payments app built on Hyperliquid's infrastructure.

Morningstar Ventures

Moonrock Capital

The Spartan Group

GBV Capital

Waterdrip Capital

Vendetta Capital

Ascensive Assets

Hypersphere Ventures

Blizzard Fund

Infinity Ventures Crypto (IVC)

Woodstock Fund

Figment Capital

Axia8 Ventures

CoinGecko Ventures

Nexo

Everclear (prev Connext)

Kosmos Ventures

Impossible

Nabais Capital

AVentures DAO

Subsquid

3 Chaps Capital

StakeBorg

Ganesh Swami

Erik Ashdown

Derek Yoo

Aurel Iancu

Delroy Bosco

Alex Smirnov

Batuhan Dasgin

Michael Chen

Etienne

Danish Chaudhry

Alchemy

VBT Yazilim

Vitalik Buterin

Polychain Capital

Metastable Capital

Naval Ravikant

Linda Xie

Elad Gil

Floodgate

Fred Ehrsam

Bollinger Investment Group

Pantera Capital

Semantic Ventures

Scalar Capital

Multicoin Capital

Founders Fund

Intel Capital

DCVC

ConsenSys

Collaborative Fund

Coinbase Ventures

Bossanova Investimentos

Atomico

Paradigm

Sequoia Capital

Three Arrows Capital

Wing Venture Capital

Alameda Research

IOSG Ventures

Tiger Global Management

Greenoaks Capital

Coatue Management

Ethereum Foundation

Tribe Capital

Wintermute

GravityX Capital

Shima Capital

Genblock Capital

AU21 Capital

StaFi

Jaynti Kanani

Sandeep Nailwal

Republic Capital

Bware Labs

Wodo Gaming

StarkNet

Humanode

Amber Group

Circle

Hack VC

HashKey Capital

NGC Ventures

Hash Global

Mask Network

Matrixport

Tess Ventures

Folius Ventures

Next Web Capital

Synaps

Alumni Ventures

Goodwater Capital

y2z Ventures

Alex Shin

Thomas Vu

Sidney Powell

Miss Bitcoin

Li Ning

Liang Xinjun

DiscusFish

Tekin Salimi

Tegan Kline

Jaeson Ma

Ahmed Al-Balaghi

Aniket Jindal

Balaji Srinivasan

Mirana Ventures

imToken Ventures

Draper Associates

Animoca Brands

YZi Labs (Prev. Binance Labs)

IDG Capital

Sign

Draper Dragon

Hashed

Zoo Capital

Smrti Lab

Sky9 Capital

Delphi Ventures

Protocol Labs

GGV Capital

SevenX Ventures

Polygon Studios

Cyber

Staika

IOBC Capital

Foresight Ventures

Solana Foundation

Everstate Capital

Blockchain Builders Fund

Tykhe Block Ventures

Near Foundation

Taisu Ventures

MH Ventures

CSP DAO

IBC Ventures

Whitewater Labs

Saudi Telecom Group

G-20 Group

Yield Guild Games (YGG)

UXLINK

Stanford Blockchain Accelerator (SBA)

PublicAI

Gavin Wood

HV Capital

Matterblock

Ed Hesse

Scytale Digital

Music Protocol

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Unlock exclusive vesting data

Name	Total	Unlocked	Locked
Ethena Community	7.50%	1.50%	6.00%
Team & Shareholders	22.5%	5.50%	15.5%
Treasury	18%	5.50%	15.5%
Community Airdrop	12.8%	5.50%	15.5%

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