Crypto exchange giant Coinbase has announced the integration of DeFi apps directly in the Coinbase wallet on both iOS and Android.
With the integration of DeFi apps built on the Ethereum blockchain, users can now lend and borrow crypto with interest through smart contracts that automatically execute when parameters in a contract are met.
The integration makes it possible to compare different rates from providers and easily deposit crypto without opening a web browser.
It may now be easier than ever to enter DeFi markets, but potential users should be cautious. Although DeFi and the larger Ethereum ecosystem have experienced growth in recent months, some users reported being wrecked by DeFi volatility when the larger crypto market plunged amidst the turmoil in global markets.