Why did Coinbase contribute to an already oversupplied USDC lending pool?
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Coinbase announced today that it has contributed $2 million worth of USDC to two decentralized finance (DeFi) lending protocols, Compound and dYdX, as part of its new USDC Bootstrap Fund to support DeFi projects. According to a company blog post, the cryptocurrency exchange addresses the problem of “getting liquidity for a new DeFi protocol.” The […]
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