Michael Rihani, Director of Product at Coinbase and key influencer behind the firm’s new bitcoin-backed loan offering, shared his insights recently on The Scoop’s 510th episode. The discussion, hosted by Frank Chaparro of The Block, revolved around how Coinbase is reshaping the DeFi experience for average users.
Rihani elaborated how the new loan product from Coinbase aims to make DeFi seem ‘magical’ to consumers. This initiative aligns seamlessly with Coinbase’s larger objective of making blockchain technology’s power accessible to a global audience.
The conversation covered various aspects of Coinbase’s strategy, including:
- The unveiling of Coinbase’s new loan product
- The concept of the “DeFi Mullet”
- Integration of Morpho
- The synergy between CeFi+DeFi
- Coinbase’s future product roadmap
- Challenges to DeFi adoption
- The future scope of DeFi lending
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To know more about Michael Rihani and Coinbase’s crypto-backed loans, visit www.x.com/MichaelRihani and www.coinbase.com/loans.
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