Zeebu Expands to Base Network as Settlement Volume Tops $4 Billion

Expansion Details

As part of this expansion, Zeebu has minted 24.4% of its ZBU token supply to Base, with a total of 1,022,916,666 ZBU tokens now available on the Base Network. This move is part of Zeebu’s broader multichain approach, which initially focused on Ethereum and Binance Smart Chain, and now includes Base. By leveraging the strengths of these leading blockchain networks, Zeebu aims to offer enhanced scalability, faster transactions, and deeper liquidity.

Zeebu Protocol and Its Vision

The Zeebu Protocol is dedicated to developing a fully decentralized liquidity engine to transform global settlements by enhancing scalability, efficiency, and active ecosystem participation. Through the involvement of Delegators, Deployers, OLPs, and the Governance Council, Zeebu empowers participants to shape the protocol, ensuring transparency, shared governance, and opportunities to earn yield. The expansion to Base aligns perfectly with this vision, providing greater scalability, lower fees, and increased access for users to engage with ZBU and participate in decentralized liquidity provisioning.

Benefits of Expanding to Base

• Faster, Low-Cost Settlements: The expansion to Base enables near-instant, low-cost settlements for Zeebu’s clients, significantly improving cross-border payment efficiency.
• Increased Scalability: Base’s architecture allows Zeebu to handle high transaction volumes without compromising speed or security, making it ideal for enterprise-level settlements.
• Deep Liquidity: By leveraging Base’s growing user base and liquidity pools, Zeebu enhances its capacity to provide liquidity for global B2B payments.
• Transparency and Security: With Base’s Ethereum-level security, all transactions remain fully transparent and secure, reinforcing trust within Zeebu’s ecosystem.
• Fast-Growing DeFi Ecosystem: Base is one of the fastest-growing ecosystems in DeFi, making it a perfect platform for Zeebu to expand and allow users to maximize the potential of the ZBU token.

Token Supply and Transparency

Zeebu has successfully expanded its ZBU token to Base, ensuring a balanced token supply across Ethereum, Binance Smart Chain, and now Base. The expansion was conducted through a burn-and-mint mechanism, aligning token supplies according to tokenomics. For full transparency, Zeebu has published all transaction details, including on-chain hashes, in its latest blog post. The ZBU token contract on Base can be found here.

Statements from Leadership

“With our expertise in building decentralized settlement solutions and Base’s cutting-edge Ethereum layer-2 infrastructure, this expansion marks one of the most significant milestones in Zeebu’s journey,” said Raj Brahmbhatt, CEO and Founder of Zeebu. “A fusion of Base’s scalability and low-cost transactions with Zeebu’s commitment to efficient cross-border settlements will deliver a faster, more cost-efficient, and scalable platform for enterprise B2B payments globally.”

About Zeebu

Zeebu is a Web3 payment and settlement platform specifically built for the telecom carrier industry. The platform empowers institutions with instant, cost-effective, and transparent settlement solutions. With the launch of the Zeebu Protocol, the platform is evolving into a decentralized liquidity engine, designed to decentralize and scale B2B settlements.

About Base

Base is a high-performance Ethereum layer-2 blockchain incubated by Coinbase and built on the OP Stack in partnership with Optimism. Designed for scalability and low-cost transactions, Base Chain is fully EVM-compatible and supports seamless integration with existing Ethereum applications, making it a leading choice for decentralized finance (DeFi) and enterprise solutions.