DeFi should feel 'magical' for average consumers, says Coinbase product director behind new bitcoin-backed loans

Michael Rihani is the director of products at Coinbase and one of the chief architects behind Coinbase's new bitcoin-backed loan product for everyday consumers.

In this episode, Rihani explains how Coinbase's new loan product is designed to make DeFi feel 'magical,' and how this fits into Coinbase's broader strategy of bringing the power of blockchain technology to a global audience.

OUTLINE

00:00 Introduction

00:57 Sponsor Shoutouts

03:11 Coinbase's New Loan Product

07:50 The "DeFi Mullet"

09:21 Morpho Integration

11:52 CeFi+DeFi Synergy

17:00 Coinbase's Product Roadmap

21:00 Making DeFi "Magical"

23:12 DeFi Adoption Roadblocks

25:54 The Future of DeFi Lending

GUEST LINKS

Michael Rihani on X: https://www.x.com/MichaelRihani

Coinbase's crypto-backed loans: https://www.coinbase.com/loans

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