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.
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Drop the “cast”. Just Warp. It’s cleaner
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Who wants to hack on a bot that lets you send USDC via Base to any farcaster user using Linkdrop? Or build a bot that lets you buy USDC p2p from any FC user? /farcon /los-angeles
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Top casts
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.
16 replies
10 recasts
68 reactions
All onchain financial services out there, both in DeFi and otherwise.
Think Lend, Trading, NFTs, Prediction Markets, etc.
Can’t comment on what’s next but you can imagine whatever useful and exciting innovation is happening, we are closely looking.
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Who wants to hack on a bot that lets you send USDC via Base to any farcaster user using Linkdrop? Or build a bot that lets you buy USDC p2p from any FC user? /farcon /los-angeles
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1. Simply put — UX and user safety come first followed by the technology itself. Prioritize based on the merits of the protocol traction, usability and the team itself.
2. Depending on the layer in the product, we do add security controls and mitigations to safeguard users. We take audits and engineering practices seriously and it’s #1 requirement from our side.
3. Notifications for now but self repay / defi saver feature can come later. What do you think the experience should look like for that?
