Coinbase Launches ETH-Backed USDC Loans via Morpho on Base
Coinbase Launches ETH-Backed USDC Loans via Morpho on Base
💰 ETH loans without selling
Coinbase now offers ETH-backed loans allowing users to borrow USDC against their Ethereum holdings without selling.
Key Features:
- Powered by Morpho protocol
- Built on Base network
- Available to US users (excluding New York)
- Staked ETH (cbETH) loans coming soon
How it works: Users can unlock liquidity from their ETH holdings by using them as collateral for USDC loans, maintaining their crypto exposure while accessing cash.
Important considerations:
- Variable interest rates
- Risk of collateral liquidation
- Terms subject to market conditions
This follows Coinbase's recent launch of Bitcoin-backed loans, expanding their DeFi lending offerings.
A good culture is mission fuel. Less distractions, more building.
It's good to have shocking rules that help your team form a culture that they're inspired by. Four we have at Coinbase: - No politics in the office - No starting committees without approval - All hires can be vetoed - Standardized decision making pic.x.com/dks7eM38yk
If you believe in somΞTHing, this one's for you. ETH-backed loans are here. You can borrow USDC against your Ethereum, unlocking liquidity without selling. Available now in the U.S. (ex. NY).
🎯 Coinbase's First Token Sale Wraps Up
**Coinbase's inaugural token sale concludes successfully** The $MON (Monad) token sale on Coinbase has officially wrapped up, marking a milestone for the exchange's new token sales platform. **Key results:** - 85,800 participants from 70+ countries - $269 million committed - 1.43x oversubscribed - 99% of participants will receive their full allocation The sale, which launched on November 17, was notable for including US users - a significant development in token sales accessibility. **What's next:** - Token allocations coming soon - Platform designed to prioritize genuine supporters over speculators This marks Coinbase's entry into structured token launches, emphasizing fair distribution over traditional first-come-first-served models.
🔥 Coinbase Acquires Vector
**Coinbase is acquiring Vector**, a Solana meme coin application, to enhance its on-chain trading capabilities. Key details: - Only Vector is being acquired by Coinbase - **Tensor Foundation remains independent** - Tensor NFT marketplace stays separate from Coinbase - Native token also remains unaffiliated This move expands Coinbase's support for the **Solana trading ecosystem** while maintaining clear boundaries between the acquired platform and existing Tensor infrastructure. [Read full details](https://www.coinbase.com/blog/Coinbase-to-acquire-Vector-expanding-support-for-the-Solana-trading-ecosystem)
🎙️ Coinbase CEO Opens Up
**Coinbase CEO Brian Armstrong** appeared on a new podcast episode with Kevin, diving into the **raw realities of building a crypto company**. Key topics covered: - **Building through market downturns** and challenging periods - **Founder mental health struggles** and personal challenges - **Managing burnout** in high-pressure environments - **Staying committed to company mission** during tough times - Light moments including discussion about being bald The candid conversation offers rare insights into the **personal side of leading** one of crypto's biggest companies through volatile times. [Watch full episode on YouTube](https://www.youtube.com/watch?v=NK9kBiZTRqw)
Coinbase Announces Major System Update and Product Reveals for December 17
**Coinbase is preparing for a significant system update** scheduled for December 17 at 2PM PT, promising major product announcements and key business updates. The exchange describes this as **"a new era of Coinbase beginning"** and will broadcast the event live. Users can learn more and add the event to their calendars at [coinbase.com/events](https://www.coinbase.com/events). This follows Coinbase's pattern of scheduled system upgrades, including a previous temporary offline period in October 2024 that affected all trading and transfer services across their platforms.