Join the BitcoinNews Telegram channel for daily updates >>LINK

Coinbase Invests $1.1 Million Into UniSwap And PoolTogether DeFi Projects

Support free writers: > send a tip

written by

  • Coinbase continues to ramp up its involvement in the DeFi sector with its latest investment

Coinbase has announced that they are investing USD 1 million into UniSwap and USD 100,000 into PoolTogether, which are both Decentralized Finance (DeFi) projects.

UniSwap is the most popular Decentralized Exchange (DEX) that is built on top of the Ethereum protocol, and Coinbase specifically injected USD 1 million into UniSwap’s Ethereum/USD Coin trading pool in order to help support critical infrastructure and increase liquidity.

PoolTogether is a lossless lottery, where users receive one lottery ticket per week for each Dai or USD Coin that they have deposited. Whoever wins the lottery receives the interest from the entire pool for that week. Coinbase is incentivizing this lottery by adding USD 100,000 to the lottery pool.

Previously, Coinbase also invested USD 1 million into both Compound and dYdX. Further, Coinbase has directly integrated with DeFi projects, allowing Coinbase users to earn interest on their deposits.

Thus, Coinbase is becoming increasingly involved in the DeFi sector, and continues to invest large amounts of money into DeFi projects. is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow on Twitter: @bitcoinnewscom
Telegram Alerts from

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


The Tragedy of Fiat Money

Over the course of the last 18 years, the European Central Bank (ECB) printed new currency, multiplying money supply by more than 5 times, bringing it to 1308 billion. Here we discuss whether or not the central bank’s actions could be considered a robbery.

Read More »


Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter