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

Episode 510 of The Scoop was recorded with The Block's Frank Chaparro, and Coinbase Director of Product Michael Rihani

Listen below, and subscribe to The Scoop on YouTube , Apple ,  Spotify ,  Google Podcasts ,  Stitcher  or wherever you listen to podcasts. Please send feedback and revision requests to [email protected]

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

Are you hiring in crypto?
Use Campus to quickly find your best candidates with our challenging Crypto Assessment Test.

Faster hiring, stronger teams.
Sign up for a trial today:  theblock.co/campus

This episode is brought to your by our sponsors:

Fidelity
Explore Fidelity crypto careers today. Go to crypto.FidelityCareers.com to learn more.

Uranium.io
Investing in uranium is now widely accessible. Visit uranium.io to learn more.