How Coinbase is Bridging Bitcoin to DeFi with New OnChain Lending | Will Robinson, VP of Engineering
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Will Robinson, VP of Engineering at Coinbase, explores the company’s expanding role in decentralized finance (DeFi), highlighting the launch of Bitcoin-backed USDC loans through Morpho and Coinbase’s broader efforts to integrate DeFi solutions. He explains how Coinbase is working to connect centralized finance (CeFi) with DeFi by incorporating decentralized protocols while prioritizing security and regulatory compliance. Robinson also discusses the introduction of cbBTC as an alternative to WBTC, the company’s approach to multi-chain development, and its plans for further DeFi integrations. Additionally, he addresses ongoing debates about Ethereum Layer 2 networks and their impact on the main chain, emphasizing the importance of improved cross-chain interoperability. He also provides insights into Coinbase’s asset listing process, the role of meme coins in the crypto ecosystem, and the company’s broader mission to support a more open and accessible financial system. Chapters 00:00 - Intro: Will Robinson, VP of Engineering at Coinbase 00:45 - Coinbase’s expanding role in DeFi 01:16 - Bitcoin-backed USDC loans powered by Morpho 02:34 - How Coinbase enables BTC holders to access liquidity 05:15 - Risks involved in Bitcoin-backed loans 08:58 - Liquidation risks and loan-to-value ratios 11:13 - Early demand and adoption of the product 13:15 - cbBTC vs. WBTC: Why Coinbase launched its own Bitcoin wrapper 18:47 - How cbBTC is issued and traded 21:36 - Coinbase’s approach to self-custody and wallets 24:07 - The role of Coinbase Wallet in bridging CeFi and DeFi 27:31 - Coinbase’s long-term DeFi strategy and future integrations 29:50 - Will DeFi become a mainstream part of traditional finance? 33:51 - Coinbase’s evolution from exchange to financial institution 34:34 - The rise of Base: How Coinbase grew its Layer 2 38:28 - Are Layer 2s parasitic to Ethereum? 49:08 - The role of meme coins in crypto and Coinbase’s listing process 54:20 - The future of on-chain finance and economic freedom ✨ Check out our new website ✨ https://thedefiant.io/ 🚀 Sign up to our newsletter 🚀 https://thedefiant.io/go-premium#pricing?utm_source=YT&utm_medium=social&utm_campaign=signup 🤑 Find DeFi investment opportunities & educational primers here https://thedefiant.io/promo?utm_source=YT&utm_medium=social&utm_campaign=alpha ✊ Follow The Defiant Twitter: https://twitter.com/defiantnews Discord: https://discord.com/invite/3SdRdEs5ag Instagram: https://www.instagram.com/thedefiant.io/ Telegram: https://t.me/DefiantNews 📬 Contact our Newsroom editorial@thedefiant.io 🤝 Sponsorships & Partnerships sponsors@thedefiant.io #TheDefiant #DeFi #Decentralized #Finance #Blockchain #Web3
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