Coinbase Ventures Participates in Private Round for DeFi Lending Protocol Moonwell

According to official sources, Coinbase Ventures has participated in the private round for Moonwell, a DeFi lending protocol. Built on Moonbeam, Moonwell is similar to lending products such as Aave, MakerDAO and Compound, allowing users to lend cryptocurrencies and receive over-the-top collateral loans. Previously, Moonwell closed a $10 million funding round, co-led by Hypersphere and ArringtonXRPcap.