Base Launches Earn & Borro: Stablecoin Yield and Crypto-Collateralized Lending Program for Its Platform
Source:
x.com
Ethereum L2 network Base has announced the launch of the Earn & Borrow program, providing the platform with an end-to-end technical stack that enables it to leverage Base infrastructure and third-party lending markets to offer eligible users floating-rate stablecoin yields and cryptocurrency-backed loans. The yields generated from deposited stablecoins such as USDC primarily come from the interest paid by borrowers on overcollateralized loans, and the system can integrate with lending protocols like Morpho and Aave.