can borrow up to $1 million in USDC through Coinbase's new borrowing feature, which uses cbETH as collateral.
The product uses Morpho, an on-chain lending protocol, to provide users with liquidity options that do not require them to sell their Ethereum.
Loans are overcollateralized, carry variable interest rates, and have no fixed repayment schedule, though borrowers must maintain loan-to-value ratios below 86% to avoid liquidation.
The feature demonstrates increasing interest in capital-efficient solutions, enabling users to unlock liquidity from their staked assets while maintaining their long-term investment position.$BTC
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