Cryptocurrency Exchange of the American List Coinbase (COIN) It has implemented a USDC loan product that allows its customers to obtain a performance directly from the application of the exchange, deepening its integration with decentralized finances (Defi).
The feature is promoted by Morpho, a protocol that enrupas deposits through “vaults” cured administered by Steakhouse Financial, according to a blog post on Thursday on Thursday
When users deposit at the USDC, their funds lend themselves to the borrowers, including those who have already hit the coinbase cryptographic loans insured by Bitcoin. Interest borrowers pay generates returns for depositors, who can withdraw at any time without blockages.
Coinbase said the configuration creates a steering wheel effect in which its products provided and borrowed are reinforced with each other. The launch follows more than $ 900 million in loans originated through the loan service with Coinbase cryptographic support. Together, the two offers form what the company calls its first complete ecosystem of loans and loans.
When the Backend outsourizes Morpho’s intelligent contracts while maintaining the Coinbase interface, the company is betting on what calls the “Defi Mullet” approach: a family user experience in the front, driven by an open and decentralized infrastructure in the back.
For users, the product offers an easy way in decentralized loan markets without leaving the coinbase platform. For Morpho, it emphasizes the argument that the future of finance will be built in open networks, but is accessed through reliable doors.
