Coinbase wallet, a mobile wallet tool, has been deeply integrated with the decentralized finance application, which allows users to easily borrow cryptocurrency and directly track the payment of interest through the wallet, the cryptocurrency Exchange announced earlier today (26).

Coinbase revealed that the feature will be open to users all over the world. This week, it will be launched on IOS first, and Android system will be waiting for several weeks.

According to officials, the new feature allows wallet users to directly interact with the two DeFi platforms compound and dydx, but before that, thousands of coinbase wallet users have invested millions of dollars into the DeFi platform through the built-in DAPP browser and walletlink function of the wallet.

Even so, Coinbase still hopes to give users a more perfect seamless experience. Now with the new service, users will be able to directly compare the rates of various platforms, and can view the platform balance and the interest earned at any time without switching to other applications one by one.

Coinbase said that through the new lending experience, users only need to go through a few simple steps to complete the whole lending process: select the token to be lent; select the smart contract; enter the amount to be lent; and finally deploy the cryptocurrency directly to the smart contract to earn interest.

At the same time, coinbase has not forgotten to warn investors that as a new type of investment product, defi has a high risk, the statement said：

Before you get started, please be aware that DeFi lending apps are relatively nascent and come with risks. DeFi apps are programs running on the blockchain, and like any computer code they can potentially have bugs that cause you to lose money. Returns are not guaranteed and your deposits are not insured.

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