On November 20th, it was reported that Coinbase is expanding its lending services to allow ETH as collateral, catering to users wanting liquidity without selling their assets. The loans will use WETH initially, targeting long-term Ethereum holders.
Customers can borrow with a maximum loan-to-value ratio of 75%, facing liquidation at 86%. Interest rates depend on Morpho’s supply and demand, and the service is currently accessible to verified users in the U.S., excluding New York.
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