Base launches stablecoin yield, crypto-backed lending program

Base has launched Earn & Borrow, a program offering stablecoin yield and crypto-backed lending solutions for platforms. Through the program, Base can provide eligible users with variable-rate stablecoin yields and crypto-collateralized loans using its own infrastructure and third-party lending markets. Returns for users who deposit stablecoins such as USDC are generated mainly from loan interest paid by borrowers who post excess collateral. The program is compatible with lending protocols including Morpho and Aave, and the average yield on USD stablecoins in Base lending markets is 4.45%, excluding incentives.