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Loopring has launched its DeFi platform on Base, integrating features such as leveraged trading, token swapping, and dual investment options. Meanwhile, Morpho is facilitating on-chain lending, allowing Coinbase users to access loans seamlessly. Notably, $50 million in loans have been processed through Morpho, and Base has secured $100 million in collateral for Bitcoin-backed loans. The collaboration between Morpho and Base aims to enhance the efficiency and scalability of DeFi products, with plans for further integrations to expand distribution in the ecosystem.
The DeFi mullet: your preferred stack in the front, onchain in the back. @MorphoLabs built on @base and now powers $100m in Bitcoin-backed USDC loans through the @coinbase platform! We're planning to do more DeFi integrations with @base builders and help provide distribution. https://t.co/ysxdMxl5xT
$100m as collateral for bitcoin-backed loans, on Base The future of finance is onchain https://t.co/NKtqrBBLLR
DeFi Mullet keeps progressing $50m of thousands of coinbase users are taking an onchain loan through Morpho, with a seamless experience. https://t.co/90oqdYXAIa