Coinbase brings back Bitcoin-backed loans with Morpho’s DeFi integration
Referenced by
Coinbase partners with Morpho to relaunch Bitcoin lending
Crypto news
News story
Users’ Bitcoin collateral is converted to Coinbase-wrapped Bitcoin (cbBTC) at a 1:1 ratio without fees and transferred to Morpho
Crypto news
Quote
Collateral is liquidated if the loan balance reaches 86% of the collateral’s market value, triggering repayment and penalty fees, with remaining Bitcoin returned to borrowers
Crypto news
Quote