Top US-based crypto exchange platform Coinbase is abruptly adding support for one decentralized finance (DeFi) lending protocol built on Ethereum (ETH) and Base.
In a new announcement, Coinbase says it’s adding support for borrowing and lending project Morpho (MORPHO), causing the digital asset to rise in price.
News of the addition sent MORPHO flying as the crypto asset went from a low of $2.05 on February 27th to a peak of $2.42 just a day later. MORPHO has since stabilized and is trading for $2.21 at time of writing, a 7.9% gain during the last 24 hours.
Morpho, which launched in 2022, says it’s using an oracle-agnostic pricing model, meaning that it won’t be tied down to a specific data-feeding source, according to its official whitepaper.
“External price feeds, often called oracles, have various designs with different accuracy and security properties. For example, some oracles can provide frequent and…
