DeFi· ★★★· bullish·

Bitcoin-backed borrowing on Base hits record $1.6 billion

  • —Bitcoin-backed loans on Base reached $1.6 billion
  • —Coinbase's tokenized bitcoin cbBTC is the main collateral
  • —Lending flows through Morpho and Aave without direct user involvement
  • —Prediction markets do not yet price an imminent Base token launch
Why it matters: Growing cbBTC-backed lending deepens Base's role in DeFi and raises liquidation risk if bitcoin prices fall.
#BTC
Source: Crypto Briefing
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