Reported 2 days ago
Coinbase's new lending product offering up to 10.8% returns on USDC deposits is currently receiving a temporary enhancement from DeFi lender Morpho, responsible for around 6% of the product's returns, with an additional 5% boosted by the protocol itself. Although the spokesperson for Coinbase confirmed this arrangement, they did not specify the terms or duration of the subsidy, which adds intrigue given past issues in the crypto lending space. Morpho allows users to customize overcollateralized loans, and the product aligns with Coinbase's recent initiatives in crypto-backed lending.
Source: YAHOO