Coinbase pulled a new trick: using Morpho, you can turn Bitcoin collateral into fixed-rate borrowing of USDC.

Previously, on-chain lending and borrowing was mostly variable rates—now you can finally lock in the interest rate and repayment date. This is Morpho Midnight’s first time at enterprise-scale, mass adoption.

For big holders, this model is definitely more convenient—you no longer have to keep watching interest-rate fluctuations.

$BTC
$ETH

#Bitcoin
#On-chain developments