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News Explorer — Compound Joins Growing List of DeFi Projects to Deploy on Base

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Aug 15, 9:29 am
The Block

Compound Joins Growing List of DeFi Projects to Deploy on Base

Compound, a DeFi lending platform, has integrated with Base, the Ethereum layer-2 network developed by Coinbase. Users can now borrow the newly bridged stablecoin USDbC by using Ethereum and Coinbase's wrapped-staked Ethereum as collateral. The current total collateral on Base is $3.64 million, with $2.25 million borrowed. Other DeFi protocols, such as SushiSwap V2 and Uniswap V3, have also integrated with Base.

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