Quick Take
Coinbase supports Bitcoin-backed USDC loans.
Aevo transitions from Celestia to EigenDA.
Tradable brings RWAs to ZKsync Era.
Base shares 2025 mission.
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Coinbase Bitcoin-Backed USDC Loans
Coinbase now allows users to use Bitcoin as collateral for USDC loans on its centralized exchange, leveraging the Morpho Blue lending protocol on Base. When users borrow, their Bitcoin is converted into Coinbase Wrapped Bitcoin (cbBTC) on Base and deposited into the Morpho lending protocol. Loans can be managed directly through the Coinbase app. nA minimum of $20,000 worth of Bitcoin is required to initiate a loan, with borrowing limits up to $100,000 and a maximum loan-to-value (LTV) ratio of 86%. Loans exceeding the LTV threshold will be automatically liquidated. The lending feature is available to U.S. users, excluding residents of New York, with plans to support additional collateral types in the future.
Aevo Transitions To EigenDA
Aevo is transitioning its data availability layer from Celestia to EigenDA to achieve tighter integration with Ethereum’s security, lower costs, and near-instant data throughput. With the transition, Aevo aims to enhance performance and user experience. EigenDA leverages the economic security and decentralization of EigenLayer restakers. As an Actively Validated Service (AVS) on EigenLayer, EigenDA provides secure and cost-effective data availability with a throughput of 15MB/s for rollups. Aevo, a derivatives-focused rollup built on a customized OP Stack codebase, operates an options trading exchange featuring an offchain order book paired with onchain settlements.
Tradable Brings RWAs To ZKsync
Tradable, a private credit tokenization platform, is bringing $1.7 billion in real-world assets onto ZKsync Era. According to data from RWA.xyz, the addition of 27 tokenized institutional-grade private credit positions by Tradable propels ZKsync to become the second-largest blockchain by real-world asset (RWA) total value. The deployment also positions Tradable as the second-largest tokenization platform, following Figure. Tradable bridges traditional asset management with onchain solutions and leverages ZKsync for secure, scalable, and cost-effective transactions. Although the smart contracts have been deployed, tokens have not yet been issued to holders. Tradable is developing a permissioned DEX and has plans to enable collateralized lending in the future.
Base 2025 Mission
Base released its 2025 mission, vision, and strategy. Base aims to create a global onchain economy by focusing on five pillars: empowering builders, fostering a thriving ecosystem of apps, simplifying user ownership, advancing onchain markets, and enabling decentralized global access. In 2025, Base aims to achieve 25 million users, 25,000 developers, and 1 billion monthly transactions.
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