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 👇

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.

👇

Co-Founder & CEO @almanax | Ex Head of Product @ AnChain AI | UC Berkeley engineering

DeFi

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

| 🎩  |  ↑  |  ⌐◨-◨

Saylor can technically run a looping strat to have more bitcoin exposure

@base builder #001; onchain cities w/ OAK & city3

Product workstream leader @shapeshift
Governance lead at FBL

Formerly: @makerdao. @boostxyz

Memes

Base + Morpho = infra to bring finance onchain 🦋

Earn, Borrow, Build on Morpho 
/morpho and app.morpho.org

Starting today, Crypto-backed loans on Coinbase are available to select customers starting in the U.S. (excl. NY).

To get started, visit coinbase.com/loans or use Morpho directly via app.morpho.org.

Like Coinbase, any exchange, fintech, or bank moving onchain can use Morpho's open infrastructure to create customized lending and borrowing experiences tailored to their users’ needs.

To learn more, read our latest blog post:

Users can view supported assets, review borrowing terms, and manage their loans—all within the @coinbase app.

In just a few clicks, USDC arrives instantly in their Coinbase account, with flexible, open-ended repayment terms.

With loans powered by Morpho, @coinbase customers can borrow USDC at the most competitive interest rates available onchain.

Coinbase will initially support BTC as collateral, with plans to add more assets in the future.

Like Coinbase, any exchange, fintech, or bank moving onchain can use Morpho's open infrastructure to create customized lending and borrowing experiences tailored to their users’ needs.

To learn more, read our latest blog post:
https://morpho.mirror.xyz/MZcrMvP7nGA7rLAY04CtTWQjQaJJM04Onv5v-PcR8ws

Weekly recurring wallet interaction on Based Morpho:

June 2024: 0 
Jan 2025: 5,000+