Sid Ramesh is the Product Lead for Crypto-Backed Loans at Coinbase. In this episode, we explore Coinbase's newly launched product for ETH-backed loans, built entirely on Ethereum DeFi using Morpho on Base. We unpack exactly how these loans work, why they matter, and what this means for the future of onchain loans. Sid Ramesh brings an insider view into Coinbase’s broader vision for permissionless financial products built on decentralized infrastructure like Ethereum. ------ 🔗 Essential Show Links 🔗 ► Newsletter: https://the-edge.xyz ► Youtube: https://youtube.com/@DeFiDad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://x.com/DeFi_Dad ► Follow Nomatic: https://x.com/Nomaticcap ► Learn DeFi: http://defidad.com/ ------ The Edge Podcast Sponsor Resources ♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE ♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS 🌅 NEUTRL | THE NEXT GENERATION OF CRYPTO-NATIVE YIELD 🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD ⚔️ KATANA | DEEP LIQUIDITY & REAL YIELD 🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET 🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE 🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR SCALE 🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED ------ Timestamps 0:00 - Intro 7:15 - Understanding the DeFi mullet concept 9:10 - Benefits of Coinbase’s BTC-backed loans 11:25 - The utility of cbBTC 14:36 - Comparing DeFi-powered loans to TradFi loans 17:46 - Coinbase loans vs failed platforms of prior cycles 20:03 - Sponsor break 21:18 - Coinbase launches new ETH-backed loans 22:55 - Starting with ETH, but cbETH-backed loans soon 23:58 - 3 major benefits of ease, cost, and support 28:41 - Expanding to more collateral types in future 30:58 - Security and risks with Coinbase loans 33:44 - Why Coinbase builds on the Ethereum L2, Base 35:40 - Sponsor break 36:59 - Success of BTC-backed loans at Coinbase 39:28 - Use cases for Coinbase loans 42:12 - No repayment schedule 44:22 - Future of onchain lending and financial products 47:53 - Coinbase’s vision for “the everything exchange” 50:20 - Closing ------ 🔗 Guest Links 🔗 ► Coinbase ETH-backed loans: https://www.coinbase.com/borrow ► Coinbase on X: https://x.com/coinbase ► Sid Ramesh on X: https://x.com/sidrmsh ------ All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. Nomatic holds COIN while DeFi Dad and Nomatic both hold ETH. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
