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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 4 sources · 9 days · First seen · Last updated

Expansion of crypto lending via Morpho infrastructure

Overview

The cryptocurrency lending landscape is expanding through new integrations with the Morpho credit infrastructure.

Initially, Coinbase expanded its crypto-backed lending services by adding Hyperliquid (HYPE) and Zcash (ZEC) as eligible collateral for dollar-denominated loans. The platform also introduced fixed-rate, fixed-maturity loans powered by Morpho Midnight, allowing users to borrow USDC against Bitcoin with predetermined interest rates.

Following this, Lido contributors proposed ‘Lido Lend’, a specialized decentralized lending market utilizing a modified Morpho Blue design to focus on blue-chip assets and correlated pairs. Concurrently, Ledger launched ‘Crypto Loan’, a self-custodial feature within its wallet app. This service enables users to pledge wrapped Bitcoin as collateral to borrow stablecoins like USDC or USDT, utilizing the Morpho decentralized credit network.

Entities

Morpho · Lido · Coinbase · Ledger

Timeline

  1. [TECHNOLOGY] 2 sources
    Lido and Ledger expand crypto lending capabilities via Morpho

    Lido proposes a specialized lending market called Lido Lend via Morpho, while Ledger launches a self-custodial Bitcoin-backed loan feature powered by Morpho.

  2. [BUSINESS] 2 sources
    Coinbase expands crypto lending with new collateral and fixed-rate loans

    Coinbase is expanding its lending services by adding HYPE and ZEC as loan collateral and launching fixed-rate, fixed-maturity crypto-backed loans powered by Morpho Midnight.

Sources

coincu.com · decrypt.co · financialit.net · tokenpost.com