· 6 min read
Anzen is Based
Anzen USDz is available on Base, a major step towards making USDz more accessible for both institutions and DeFi users alike
Anzen found a home on Base, a major step towards making USDz more accessible for both institutions and DeFi users alike. While “onboarding the first billion users” has been a long-standing goal in the Web3 space, the industry often faces challenges due to the complexity of its protocols and user experiences. Base helps solve this with faster transactions, lower fees, and better user experience.
Base has over $3.5 billion in stablecoin market cap, with USDz being the third largest in size.
We’re thrilled to announce that ANZ token will launch on Base.
tldr;
- USDz is the third largest stablecoin on Base by market cap
- USDz and sUSDz is integrated into over 25+ protocols on Base
- Base has 1 billion transactions, with over 87 million addresses. Over 1 million people use Base daily
- Coinbase Wallet users on Anzen may be able to transact with sponsored gas. No gas fees!
- ANZ and veANZ will launch on Base ANZ and veANZ will be available through a launchpad sale today.
Why Base?
Base reached over 1 billion transactions, with over 87 million addresses. Over 1 million people use Base daily (dune).
Anzen launched on Base earlier this year, and we’ve seen incredible traction. We’re excited to continue the partnership with ANZ and veANZ launching on Base today!
A few other key factors influenced our decision:
- Simple Onboarding: Base easily integrates with Coinbase and Coinbase Institutional, and with the launch of Smart Wallets, users can easily onboard to all major chains without downloading a new app or managing a sensitive private key.
- Payment Rails: Base has extensive Web2 partnerships that make it easy to on/off ramp funds, blurring the lines between on-chain and off-chain transactions. This allows users to easily purchase USDz, use it as needed, and receive staking rewards.
- The Base Team & Culture: The team has been highly supportive and helpful to the Anzen team during our implementation phase, and we appreciate the fun and supportive Base community that exists.
- Growth Potential: Given our belief in the advantages of RWA-backed stablecoins, alongside our belief in Base’s ability to onboard millions of users, they are the clear choice for where to build.
We’re equally excited about the natural flywheel effect of the Base ecosystem. As more developers build innovative products on Base, its user base continues to grow, creating a self-reinforcing cycle that drives further adoption of both USDz and the broader Base network—all while delivering a Web2-like user experience for true onboarding of millions.
What’s Next?
Frictionless Onboarding
Web3 is still overly complex, and if we truly hope to bring millions on-chain, we need the user experience to be significantly more straightforward.
A few steps we have taken include:
- Sponsored gas for Coinbase Wallet users: Coming soon: We’re thrilled to offer free gas for Anzen users with Coinbase wallets on Base.
- Any Token, Any Network: Thanks to our integration with Superform, users can now deposit any token from any network to purchase staked USDz and start earning rewards effortlessly.
- Embedded Wallets: Our partnership with Dynamic allows users to register with just their Twitter, email, or phone number. These embedded wallets make it easy for anyone to sign up, purchase crypto, and hold USDz without prior DeFi knowledge.
- One-Click Swaps: Through our integration with Li.Fi and Jumper, users can perform cross-chain swaps in a single click, accessing assets across various liquidity pools.
The result is that users can purchase USDz with any asset, using a wallet that doesn’t “feel” like crypto, and all with one-click swaps. We believe this will make it as easy as possible to onboard new users, although we are still rapidly exploring other new avenues as well.
New Networks
Expanding access across multiple blockchain networks is a key priority for Anzen, so that users can interact with USDz regardless of where they are. Our strategy is centered on making USDz, sUSDz, ANZ, and veANZ available on the most popular and innovative chains, further boosting liquidity and increasing use cases.
Actions being taken include:
- Expanding to More Chains: We recently deployed on Arbitrum and are actively exploring new chains such as Plume, Movement, Berachain, Solana, and more. We believe a significant amount of liquidity, users, and novel DeFi products will be coming to these networks and plan to be the stablecoin of choice.
- New Use Cases for USDz and Staked USDz: We are constantly working to create more use cases for USDz, especially in the DeFi space. Our goal is to have USDz and Staked USDz accepted as collateral across leading lending protocols such as Morpho, Pendle, Silo, Dolomite, and more providing users with additional ways to leverage their holdings for yield and liquidity. This multi-chain expansion ensures that USDz is at the forefront of the space with as much utility as possible for USDz and staked USDz.
Institutional Features
We’re also building out products and solutions directly relevant to leading institutions. We believe that this is required to bring institutions on-chain and that it is the best way to increase our total on-chain volume directly.
We are doing this in three key ways:
- Partnerships: We enable institutional clients to securely custody their USDz holdings with trusted centralized exchanges and custodians. This is important from a security and compliance perspective, as institutions have stringent security requirements when using DeFi.
- Long-Duration Vaults: We launched specialized vaults that offer longer lockup periods and fixed yields, providing more predictable returns for institutional clients and their unique needs. This reduces the need for constant monitoring of yield fluctuations and allows for more stable, long-term investment strategies.
- Request-For-Quote (RFQ) Systems: For institutions needing to make large swaps, we’re implementing RFQ systems that allow for large entry and exit with the Anzen ecosystem with minimal slippage and price impact. This ensures efficient execution of high-volume transactions, making it easier for large investors to operate in the DeFi space without affecting market prices.
We are also in active conversations with many institutions to determine how else we can best serve them. We plan to incorporate all feedback promptly and to become the asset of choice for institutions seeking high yield strategies with on-chain assets that are fully composable and liquid.
Be Part of the USDz Revolution
Our mission is to make USDz the gold standard of RWA-backed stablecoins, bridging the gap between traditional finance and DeFi with a product that is liquid, compliant, and built for both institutional and retail users. We’re just getting started, and our momentum is only growing.
As we continue expanding to new networks and enhancing our offerings for institutional clients, we invite developers, users, and partners to join us on this journey. Whether you’re interested in integrating with Anzen, building on USDz, or leveraging the benefits of our ecosystem, there’s never been a better time to get involved.
If you’re a developer eager to innovate alongside us, reach out via Twitter. For users ready to purchase USDz, you can swap on any of our partner DEXs or on Anzen.
To participate in the Anzen ecosystem, join our launchpad sale of $ANZ, Anzen’s governance token, launched on Fjord Foundry: https://app.fjordfoundry.com/token-sales/0x0Ce128bb5B1CBDc433f667905d0493eDc4ECEF80