Coinbase enables borrowing up to $100k USDC against staked SOL via jitoSOL while maintaining staking rewards.
DeFi & Yields ·
Coinbase has launched a borrowing feature allowing users to borrow up to $100,000 in USDC against staked SOL held via jitoSOL, while continuing to earn staking rewards on their collateral. The product grants instant access to borrowed funds, removing the traditional constraint that staked assets remain locked.
The mechanism uses jitoSOL—a liquid staking derivative—as collateral, enabling users to maintain exposure to staking yields without forgoing liquidity or leverage. This approach addresses a friction point in staking infrastructure where capital tied up for security typically cannot be redeployed into other strategies or used as backing for loans.
The announcement does not detail loan terms, interest rates, collateralization ratios, or whether there are any restrictions on borrowing size or user eligibility beyond the stated $100,000 ceiling. The timing and broader rollout schedule remain unspecified.