Coinbase expands Solana-backed loan services via MorphoOdaily Planet Daily News Coinbase announced the expansion of its on-chain crypto-collateralized lending product, adding Solana as a supported collateral asset. Users can now borrow up to $100,000 in liquidity based on their SOL holdings. The service operates on the Morpho lending infrastructure deployed on the Base network, consistent with its previously supported lending structures for Bitcoin, Ethereum, and other crypto assets.Ben Shen, head of financial services at Coinbase, stated that introducing SOL as collateral will enhance capital efficiency and the liquidity experience for users within the Solana ecosystem, further strengthening its "Everything Exchange" strategy of covering more crypto financial scenarios through a single platform. (The Block)
