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Coinbase adds Solana collateralized loans through Morpho, allowing users to borrow up to $100k
Mars Finance News, according to The Block, Coinbase has expanded its on-chain lending products supporting cryptocurrencies, adding support for Solana, allowing users to collateralize SOL to borrow up to $100k.
The loan is provided through Morpho integration on Base, similar to mortgage lending products for Bitcoin, Ethereum, and others.
A company spokesperson revealed that since its launch last year, Coinbase’s total crypto collateralized loans have exceeded $2.3 billion, with Bitcoin collateral loans accounting for $2.17 billion and Ethereum approximately $110 million.