Summary
- Coinbase has launched a USDC on-chain lending service.
- This service's yield is up to 10.8%, provided by Morpho and Steakhouse Financial on Base.
- Users are connected to multiple lending pools through a smart contract wallet, earning yield immediately upon deposit and able to withdraw at any time.
On the 18th (local time), according to crypto-focused media The Block, global crypto exchange Coinbase launched an on-chain USDC lending service. Current yield is up to 10.8%, provided by Morpho and Steakhouse Financial on Base.
With this service, when users deposit USDC, Coinbase automatically creates a smart contract wallet that connects funds to various lending pools, providing optimized yield.
Users can earn yield immediately upon deposit and withdraw at any time.
JH Kim
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