Coinbase Just Launched Ethereum-Based DeFi Yield Product for Global Customers

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Coinbase is making headlines again after their latest move. Check out the new reports about the exchange.

Coinbase is adding decentralized finance (DeFi) investing for users in dozens of countries around the world.

In a new blog post, the exchange announces that customers are able to earn variable-yield interest by holding the Dai (DAI) stablecoin. Coinbase says the DeFi yield feature aims to make access simple and affordable.

“Accessing DeFi protocols can require expensive network fees and involve a somewhat complex user experience. Coinbase is making DeFi more customer-friendly… with just a few taps and without the network fees.”

Coinbase is making the new feature available to many countries globally – with one notable exception.

“Earning DeFi-powered yield on Dai is now available for eligible Coinbase users in over 70 countries, including the United Kingdom, Germany, and Spain. DeFi Yield is not currently available for customers in the United States.”

Adidas and Coinbase partnership

There are all kinds of exciting moves that are taking place in the crypto space. Check out the latest move that Coinbase made not too long ago.

As the online publication the Daily Hodl notes, Adidas is partnering with the crypto exchange Coinbase, but the details on the new partnership remain unclear.

Adidas Originals Twitter account revealed the following:

It seems that Coinbase retweeted the message and said “Welcome to the party, partner!”

It’s also worth noting the fact that the company has issued any additional information about the new partnership.

The announcement comes right after another surprise crypto pairing for Adidas.

It’s been reported that earlier this week, the shoe company appeared to announce a partnership with the metaverse platform The Sandbox (SAND).

Stay tuned for more crypto news and make sure to keep your eyes on the market.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.