- Oct 25, 2021
- Reaction score
Coinbase Now Offers Yield on the Defi Stablecoin Issued by Makerdao
“Today we’re introducing a new way for Coinbase’s global customers to put their crypto to work and earn yield,” the firm’s announcement explains. “We are making defi more accessible, enabling eligible customers in more than 70 countries to access the attractive yields of defi from their Dai with no fees, lockups, or set-up hassle.”
Coinbase Defi Users Must Reside in an Eligible Jurisdiction
Coinbase notes that customers that want to participate in earning yield with DAI must access the DAI asset page either on the Coinbase app or Coinbase.com. Users need a balance of DAI to earn and customers must be located in an eligible jurisdiction. Coinbase has been interested in getting into defi-based yield earning and lending programs for a while. It previously had plans to reveal a lending product but was
The Nasdaq-listed cryptocurrency exchange has
What do you think about Coinbase offering defi services to customers in more than 70 countries? What do you think about the United States being excluded from the Coinbase yield program for now? Let us know what you think about this subject in the comments section below.