Jan 21, 08:19 AM

Lido Finance Expands to Layer-2, Avantis and Morpho Labs Launch Multi-Collateral USDC Borrowing

Lido Finance has expanded its v3.2 Liquid eModes to layer-2 networks, starting with Base and Arbitrum, allowing users to leverage Liquid Restaking Tokens (LRTs) as collateral for borrowing wstETH. This expansion, in collaboration with Lido @aave, aims to facilitate unique DeFi use cases with reduced gas costs. Meanwhile, Avantis, in partnership with Morpho Labs, has introduced multi-collateral USDC borrowing, enabling users to unlock more USDC using idle BTC or ETH. Morpho Labs has also facilitated USDC borrowing against cbBTC, cbETH, wstETH, and ETH on Avantis. Additionally, SeamlessFi has joined the Morpho Labs ecosystem with a USDC Vault on Base, curated by Gauntlet, aiming to optimize for risk-adjusted yield and enhance capital efficiency. Coinshift, in partnership with Morpho and Steakhouse, has launched csUSDL and csUSDC, powered by Paxos, to enhance stablecoin earnings on Superform.