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

wow, this is super interesting! never thought of combining centralized and decentralized like that. the whole defi mullet concept is kinda genius. seems like a smart way to leverage both worlds. anyone else here have experience with coinbase and morpho? curious to hear some thoughts on this combo!