Lookonchain APP

App Store
Feeds Articles

Coinbase Launches USDC On-Chain Lending Service, Offering up to 10.8% APY

2 hours ago

On September 19th, as reported by The Block, cryptocurrency exchange Coinbase is set to launch a new functionality. This allows users to earn interest on their holdings of stablecoins by means of on-chain lending. Currently, the highest annualized interest rate reaches 10.8%. This service is backed by the decentralized lending protocol Morpho. The fund allocation is carried out through an on-chain treasury managed by Steakhouse Financial on the Base network. Base is an Ethereum Layer 2 scaling solution incubated by Coinbase. Coinbase stated that when users deposit USDC, the system will create a smart contract wallet. This wallet will then disperse the funds into different lending pools to optimize returns. Users can immediately start earning interest and can withdraw at any time according to the liquidity situation. Coinbase emphasized that although this feature is based on DeFi protocols, it is designed to offer a familiar and user-friendly experience to mainstream users through integration into the Coinbase application.
Add to Favorites Download image Share x Copy link
Relevant content

SOL Surges Above $250, 24-hour Gain of 6.6%

On September 19th, according to HTX market data, SOL has risen above $250 and is currently trading at $250.03, with a 6.6% increase in the past 24 hours.

57 minutes ago

PayPal USD Stablecoin (PYUSD) Launches on Aptos

On September 19th, PayPal's US Dollar Stablecoin (PYUSD) has been extended to Aptos through LayerZero and Stargate Hydra and launched as PYUSD0. Aptos is the only Move blockchain that has received support for PYUSD0 in this update. Currently, the stablecoin ecosystem in Aptos has exceeded $1.2 billion and supports the three major global stablecoins: native USDC, USDT, and USDe. With the arrival of PYUSD, Aptos further strengthens its core position in stablecoin innovation and applications. By leveraging LayerZero's cross-chain infrastructure and the Stargate interface, PYUSD0 on Aptos maintains full composability and interoperability, providing developers and users with a more efficient, seamless payment and settlement experience. Whether in DeFi applications, payment scenarios, or asset management, the Aptos ecosystem now has a new USD stablecoin gateway. As a high-speed, low-latency next-generation blockchain, Aptos' integration provides a solid foundation for the global expansion

57 minutes ago

Coinbase to List Lombard (BARD)

On September 18th, according to official information, Coinbase is going to list Lombard (BARD). If liquidity conditions are fulfilled, the BARD-USD trading pair will become available later today in the supported trading regions.

57 minutes ago

The Trump administration has asked the US Supreme Court to allow the President to dismiss Federal Reserve Board Governor Powell

On September 18th, the Trump administration made a request to the U.S. Supreme Court, seeking permission for the President to remove Federal Reserve Board Governor Powell. (Xinhua Finance)

57 minutes ago

The Diamond Hands Holding BNB for 7 Years Made a $28.8 Million Profit

September 18th. Based on the monitoring of Onchain Lens, a whale address holds 29,440 BNB, which is worth $29.28 million. Over the past 7 years, it has made a profit of $28.8 million. This address initially withdrew 71,861 BNB from Binance. At that time, the value was only $1 million. Later, it deposited 42,421 BNB back into Binance.

57 minutes ago

A certain whale address has once again transferred 9000 ETH to Binance, with a total outflow of 15,000 ETH over the past 3 days.

On September 18th, according to the monitoring of on-chain data analyst Wu Jinyu, a whale/institutional address that had accumulated 86,010 ETH from June 22nd to August 12th has just transferred another 9,000 ETH (approximately $41.56 million) to Binance. It is reported that this address accumulated 86,010 ETH from June 22nd to August 12th with an average price of $3,023 via Binance and began transferring ETH to Binance for profit-taking three days ago. Currently, in the past three days, the address has transferred 15,010 ETH to Binance (approximately $68.77 million) with an average price of $4,582.

57 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A whale exchanged WIF and Bonk positions for Fartcoin!

2024.12.25 11:01:14

 More

Hot Articles

Follow us

X

Follow

Telegram

Join