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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.
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Coinbase Ventures

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DeFi

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