Base

Crypto-backed loans on @coinbase powered by Morpho.

Now, millions of users can borrow against their BTC on Coinbase.

Yestarday @coinbase launched crypto-backed loans powered by Morpho in its main app!

This is the largest-scale DeFi integration ever, with far-reaching implications for the future of DeFi, Crypto, and the entire financial industry.

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1/ Crypto-backed loans on Coinbase, powered by Morpho.

Borrow USD with Bitcoin collateral, directly within the Coinbase main app. 

Feels like a web2 product (no gas, no chain, no wallet, …) but with the full power of onchain infrastructure (liquidity, efficiency, guarantees on the collateral, …)

Co-founder & CEO at @morpho labs. Making financial infrastructure a public good.

2/ Mass consumer meets DeFi

For the first time ever, a large scale consumer app directly integrates a blockchain network to offer financial services. As outlined in my article published by @FortuneMagzine a few days ago:

- Fintechs/Exchanges in the front.
- DeFi in the back.

x.com/PaulFrambot/status/1878776252472950929

3/ A fundamental change for all finance

This is it. We've reached feature parity with traditional financial services. People now use blockchain technology without even knowing it—and because the infrastructure is open, it will naturally become more competitive and efficient. The flywheel is now in motion, and there's no turning back.

This is so big for the space 🥹 being able to use their BTC as collateral 

Congratulations morpho team !!! 🦋

a step closer to my dream: buying a house using a crypto loan. once a few of us does it this generation, it will be a new era.