
Coinbase has launched a new retail borrowing product that allows U.S. users to borrow up to $100,000 in USDC using Bitcoin as collateral, with no fees or credit checks. This initiative, powered by Morpho, is part of a broader trend in decentralized finance (DeFi) aimed at providing users with flexible lending options. In the first few days of the launch, the amount of Bitcoin supplied by borrowers increased from 409.83 BTC to 533.46 BTC, representing a total rise of 123.63 BTC or approximately $13.97 million. The growing adoption of this product indicates a rising interest in onchain finance solutions. Additionally, Teller has introduced time-based loans for up to 30 days without the risk of margin calls, further enhancing liquidity options in the crypto market. The GameFi sector is also seeing increased loan availability, with borrowers utilizing various tokens for financing.
Day 3 & 4 of @Coinbase's new retail borrow product and the Bitcoin supplied by borrowers has grown from 422.7 to 533.46, an increase of 110.76 BTC or $11.63m. The adoption is increasing. A huge benefit of onchain finance is the visibility and transparency of market data. 🌜🟠🌛 https://t.co/tfJXbgWawo https://t.co/j0oAF43hPb
Steer LPs are racking in the fees these past few days. Volumes are up!!
Democratising liquidity for all with 95% fee share for LPs! https://t.co/8epUptIdIo






