There is now $60M of BTC collateral and $30M of USDC active loans coming directly from the @coinbase App onchain on Morpho on @base.

Numbers growing linearly as the app is rolled out to more users.

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

To be clear, coinbase users use bitcoin as collateral to borrow USDC. I dont know what they do with it. I guess spend it?

This is nice. Are there any trends in how users are leveraging BTC vs. USDC for loans? 

I'm curious if there’s a preference for borrowing stablecoins over BTC-backed liquidity.🤔

Great to experience Morpho Frame right inside Farcaster App

Does this mean better USDC yield on Coinbase at some point? Wild how much worse it is than Compound or any of the DeFi projects. I like keeping USDC in Coinbase to simplify taxes, but the math feels bad.

Love seeing DeFi grow on Base linearly—no bullshit airdrop farming activities, just pure traction and OG products