Sid Ramesh
@checkmate
Hi folks â 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. âĄď¸ Doing an AMA through the weekend. Fire away questions or thoughts.
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Garrett
@garrett
What are the requirements or minimums?
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Sid Ramesh
@checkmate
No minimums. We just provide whatever is doable on DeFi via Morpho. Requirement today is that you need to be a Coinbase verified user in the US (excl. NY). The loan limits are currently capped to ~$100k to ensure product quality but will be raised soon.
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