DeFi protocols are revolution in the Lending ecosystem and people are almost investing billions in those products worldwide and the way which traditional financial institutions in the past took to gave a loan slowly is becoming obsolete and opening a new form of leading with our Finances in decentralized way!
The Coinbase wallet will let the users to better interact and benefit from DeFi protocols, and will integrate on the wallet certain apps that will help the users to lend also track their interest directly on the Coinbase wallet!
The Coinbase wallet comes with Dapps built-in and millions of users that use this tool to store assets, are already interacting and placing millions of dollars into DeFi (decentralized finances) needing to leave the wallet at this time for example to check and compare rates and their balance given by this different providers, but with this new feature provided by Coinbase wallet they won't need to leave the wallet.
The innovative feature will provide the users a easy way to interact the DeFi protocols the users will choose the product they wanna place they investment and a coin to put in that and easily check their total balance and interest without leaving the wallet! The feature will be implemented firstly in IOS this week and Android will be available in the coming weeks.
As the world of finances change also the companies dealing with Crypto are implementing ways to let their users benefit from it and let's remember that any kind of investment is coming with certain riske and always when putting money on them it's necessary to study them first and make your own particular research!
There are several DeFi platforms offering awesome services and the best ones are there to be picked up by the Investors. Choose wisely and good luck with your investments!