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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
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.