Coinbase’s Base launches “Earn & Borrow” for Ethereum layer-2 apps

Coinbase ’s Ethereum Layer-2 network, Base, has introduced “Earn & Borrow,” an integration layer allowing applications to provide features such as variable-rate stablecoin yield and crypto-collateralized loans. This new system utilizes third-party protocols like Morpho and Aave . The update aims to enhance in-app access to credit and yield markets built on Base, rather than introducing a native lending protocol. Recent data indicates an average stablecoin yield of 4.45% in these markets, excluding incentives. This development could indicate a significant increase in Ethereum’s utility, potentially influencing market perceptions of its future price potential.

Source: Crypto Briefing