Been analyzing our most passionate users recently, iterating based on their feedback, and leveraging organic growth to scale.
The more and more we talk to customers of our BTC lending product, we are seeing evidence that @coinbase is solving a real problem, encouraging us constantly to focus on authenticity, refine the product’s core value, and scale through full steam ahead.
I’m by no means a mortgage financing expert but I think we’ll see crypto collateralized mortgages at scale with protocols like @MorphoLabs by end of 2026.
It just makes so much more sense when US banks won’t lend to you in size even if you’re crypto rich asset lite.
Countless stories of people with millions of dollars in Bitcoin who’ve had to sell their assets in order for the bank to underwrite the mortgage.
If you’ve considered using crypto as collateral for financing a property, ping me. I want to help you.
Interviewed a @coinbase customer who took out a BTC-Backed Loan to make a down payment on their mortgage recently. Many such examples of real-world adoption for onchain finance.
What other primitives are needed to build a rock solid DeFi lending protocol?
Here's mine:
Secure cross-margin, fixed rates that'll attract enough supply side demand, "margin call" grace periods for added liquidation protection, cross chain loan execution for max liquidity efficiency, embedded protocol insurance against hacks, onchain lending order books (e.g. bitfinex) for trading, user "opt-in" rehypothecation, support for RWAs and design all of this with careful tax consequence planning.