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Coinbase has integrated the DeFi protocol Morpho into its app, allowing users to lend USDC directly and earn potential yields of up to 10.8%. The company says stablecoins provide a modern alternative to outdated banking revenue models.
Coinbase bringing Morpho lending straight into the app is a big step for mainstream DeFi access.
10.8% APY on USDC sounds great, but I wonder how sustainable those yields are long term.