DeFi should feel 'magical' for average consumers, says Coinbase product director behind new bitcoin-backed loans
Quick Take
- Coinbase Product Director Michael Rihani explains how the goal of Coinbase’s new bitcoin-backed loans is to make DeFi more accessible for everyday consumers
Episode 510 of The Scoop was recorded with The Block's Frank Chaparro, and Coinbase Director of Product Michael Rihani
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Michael Rihani is the director of products at Coinbase and one of the chief architects behind Coinbase's new bitcoin-backed loan product for everyday consumers.
In this episode, Rihani explains how Coinbase's new loan product is designed to make DeFi feel 'magical,' and how this fits into Coinbase's broader strategy of bringing the power of blockchain technology to a global audience.
OUTLINE
00:00 Introduction
00:57 Sponsor Shoutouts
03:11 Coinbase's New Loan Product
07:50 The "DeFi Mullet"
09:21 Morpho Integration
11:52 CeFi+DeFi Synergy
17:00 Coinbase's Product Roadmap
21:00 Making DeFi "Magical"
23:12 DeFi Adoption Roadblocks
25:54 The Future of DeFi Lending
GUEST LINKS
Michael Rihani on X: https://www.x.com/MichaelRihani
Coinbase's crypto-backed loans: https://www.coinbase.com/loans
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