Coinbase Offers Access to DeFi Yields With DAI and Compound

Coinbase Offers Access to DeFi Yields With DAI and Compound
Cryptocurrency exchange giant Coinbase says its opening up decentralized finance (DeFi) to customers who want a slice of high yields earned from lending and borrowing crypto assets, starting with DAI, a stablecoin pegged to the U.S. dollar.Coinbase customers’ DAI is then deposited with DeFi lending platform Compound Finance.At first blush, the world of DeFi is the opposite of centralized exchanges like Coinbase. However, accessing DeFi protocols can mean paying expensive network fees and involve a somewhat complex user experience, Coinbase said in a blog post released Thursday.“Today we’re introducing a new way for Coinbase’s global customers to put their crypto…