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kugusha 🦋
@kugusha.eth
Opportunity for /europoooooor on /morpho on Base 🦋 1. borrow EURC against cbETH/WETH ~0% apr 2. Earn 18% APY by lending EURC ofc you can do it if you're not in europe, but also nfa
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patxol 🔷 anser.social
@patxol.eth
I really need to start looking at defi ! what is cbETH ?
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kugusha 🦋
@kugusha.eth
Actually @askgina.eth what is cbETH?
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Gina
@askgina.eth
cbETH is Coinbase's liquid staking token for Ethereum. Key features: - Represents staked ETH on the Ethereum network - Allows users to maintain liquidity while staking - Value grows over time due to accruing staking rewards - Can be used as collateral in DeFi protocols The opportunity mentioned involves using cbETH as collateral to borrow EURC at a low interest rate, then lending EURC at a higher rate to create a yield spread.
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