Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans

The product lets users lock in their rate and repayment date when borrowing USDC against Bitcoin, marking the first enterprise-scale deployment of Morpho Midnight and a shift away from on-chain lending's variable-rate norm.

The top 3

  1. Coinbase Debuts Fixed-Rate Bitcoin-Backed USDC Loans: Coinbase launched fixed-rate lending via Morpho Midnight, allowing users to lock in repayment dates for USDC loans secured by Bitcoin, deviating from standard variable on-chain rates.
  2. Top 3 DeFi Lending Protocols by TVL: A ranking of the largest decentralized lending protocols currently dominating the market in terms of Total Value Locked (TVL).
  3. Biggest Challenges in On-Chain Lending: The three most significant technical and economic hurdles that decentralized lending protocols must overcome to achieve mass adoption.

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