Base, a layer-2 network of Coinbase, has made its code repositories and smart contracts open-source to increase transparency and accountability and allow public contributions to the project. The move is in line with Base's core value of building in the open and creating an onchain ecosystem.

Developers now have full access to the network's codebase, allowing them to assess and experiment with the code responsible for deposits and withdrawals on Base. However, the open-source code also poses a risk of vulnerabilities and potential exploits, and Coinbase has encouraged security-minded developers to audit the code and offered a bounty of up to $1 million for the discovery of bugs.