Coinbase Launches New $2 Million USDC Bootstrap Fund

Coinbase

Coinbase, a leading crypto trading platform, has announced a new $2 million USDC fund to further develop decentralized finance (DeFi) projects.

Difference Between Bootstrap Fund and Coinbase Ventures

The initiative is to be called the USDC Bootstrap Fund and will see $1 million USDC invested in both Compound, a money market protocol, and dYdX, a margin trading protocol and open trading platform for crypto assets. The fund differs from Coinbase Ventures, which invests in startups and takes an equity stake, in that it will add to the protocols’ lending pools and return interest when counterparties borrow …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

The post Coinbase Launches New $2 Million USDC Bootstrap Fund appeared first on ICOStream.

You might also like More from author

Comments are closed.