A compliance platform has launched Ethereum mortgage loan services, with a maximum loan amount of $1,000,000.

Source: TokenPost Original Title: Coinbase Launches Loan Service of Up to $1 Million with Ethereum Collateral… Expanding DeFi Touchpoints in the U.S. Original Link: https://www.tokenpost.kr/news/cryptocurrency/306251 A compliant platform has launched Ethereum collateral loan services, which have gone live in most states in the United States. Through this service, users can borrow up to $1 million (approximately 1 million yuan) in USDC stablecoins without selling their held Ethereum.

This service is powered by the DeFi lending protocol Morpho and operates on the Layer 2 network Base, which is independently developed by a compliant platform. This is a way to combine centralized platforms with DeFi infrastructure, offering users more flexible lending products.

The lending product adopts a floating interest rate structure, which may incur liquidation risks based on market conditions. Currently, this service is available in most states except for New York. Specific terms (such as the minimum collateral ratio) can be confirmed within the service.

The platform states that this product will enhance liquidity in the cryptocurrency market, providing investors with a new way to obtain cash without diminishing the value of their assets. For investors who already hold Ethereum, this could become an alternative solution for raising short-term funds while maintaining their portfolio.

Market Interpretation

This lending service reflects a strategic shift for exchanges seeking new revenue models under the regulatory environment in the United States. Centralized exchange lending products utilizing DeFi protocols are gradually becoming the center of alternative finance.

Key Strategies

• Ethereum holders can obtain liquidity without the need for additional sales.
• Pay attention to the liquidation risks caused by market volatility.
• Layer2 applications can reduce transaction fees and increase transaction speed.

Terminology Explanation

• Mortgage: A financial product that uses assets (such as Ethereum) as collateral to borrow cash assets (such as USDC).
• Morpho: A DeFi lending protocol based on Ethereum
• Base: An Ethereum Layer 2 scaling network developed by a compliant platform