Base

Hi folks — we built a new product at @coinbase that lets you borrow USDC against Bitcoin, fully onchain and dead simple to use. 

We call this the DeFi mullet. CeFi in the front and DeFi in the back. 

This was a year long project with first principles thinking. 

➡️ Doing an AMA through the weekend. Fire away questions or thoughts.

Learn how the DeFi Mullet works: 

Coinbase in the front, Morpho in the back 👇

Earn, Borrow, Build on Morpho 
/morpho and app.morpho.org

"haha love the mullet analogy! gotta keep up with this DeFi stuff, thanks for breaking it down! 🚀"