Coinbase Adds Solana as Collateral Option for Crypto-Backed Lending

Coinbase has expanded its crypto-backed lending service by adding Solana (SOL) as an eligible collateral option. This integration enables US users to borrow up to $100,000 in USD Coin (USDC) against their SOL holdings.

The maximum loan-to-value ratio for SOL is set at 70%, which determines the amount of borrowing power a holder unlocks and sets the distance to liquidation in a volatile asset. For example, a holder with $10,000 in SOL can draw up to $7,000 in USDC.