The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site.
This website may contain links to third-party websites or other content for information purposes only (“Third-Party Sites”). You can reach us at Please reach out with feedback or if you ever need some troubleshooting. Your feedback helps us make Wallet better for everyone. Coinbase Wallet also offers a dapp browser. With, you can buy crypto and Coinbase stores it (along with your private keys) for you with Coinbase Wallet, you store your own crypto (safeguarded by a private key that only you know). The Coinbase Wallet app is Coinbase’s user-controlled cryptocurrency wallet. Interest rates are floating and can change frequently. Interest rates currently vary from 0.03% to 4.17% APR depending on the coin and contract you choose. If the borrower does not repay or if the collateral value falls below a certain level, the contract attempts to sell the collateral to recover the debt and repay lenders.Īt the time of publication, you can lend out Ethereum and a variety of Ethereum-based tokens such as USDC, DAI, BAT, REP, WBTC and ZRX.
So, for example, if a borrower wants to borrow $50, they might need to lock up at least $100 of crypto on the blockchain as collateral first (exact requirements vary by contract). The contract dynamically manages interest rates based on the supply and demand for loans.ĭeFi loans are backed by collateral from the borrower. DeFi borrowing and lending apps are “smart contracts” or programs that run on the Ethereum blockchain.Īfter you deposit your crypto into the DeFi contract, the contract then loans your crypto out to borrowers who pay interest.
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