A lending product unveiled by Coinbase that offers up to 10.8% returns on USDC deposits is receiving a temporary boost from DeFi lender Morpho. On X, Coinbase Head of Consumer and Business Products Max Branzburg said on Thursday that around 6% of the product’s returns stem from activity that takes place on Morpho’s platform, while an additional 5% is being “boosted” by the protocol itself. In a statement to Decrypt, a Coinbase spokesperson confirmed that Morpho is currently augmenting the lending product’s ...

Curve Finance founder Michael Egorov unveiled a proposal on the Curve DAO governance forum that would give the decentralized exchange's token holders a more direct way to earn income. The protocol, called Yield Basis, aims to distribute sustainable returns to CRV holders who stake tokens to participate in governance votes, receiving veCRV tokens in exchange. The plan moves beyond the occasional airdrops that have defined the platform's token economy to date. Under the proposal, $60 million of Curve's crv ...