Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

A certain compliance platform has launched an Ethereum collateral loan product to expand on-chain lending services.

image

Source: DigitalToday Original Title: Coinbase expands on-chain collateralized lending… launches Ethereum collateralized lending product Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=606623 A compliance platform has launched an Ethereum (ETH) collateral loan product. Through this product, American users can borrow USD stablecoin USDC without selling their Ethereum.

The Ethereum lending product is launched in collaboration between a compliant platform and the DeFi lending protocol Morpho, operating on the compliant platform's Layer 2 blockchain. The product adopts a floating interest rate and carries liquidation risks based on market conditions, available in most U.S. states except New York. Users can borrow up to $1 million. The platform plans to launch future loan products using staked Ethereum (cETH) as collateral.

This is one of the measures taken by a compliant platform to expand on-chain lending. According to Dune Analytics data, the on-chain lending market of this platform has already seen $1.37 billion in collateral deposited, with $1.25 billion in loans executed.

ETH-7.49%
MORPHO-11.37%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)