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Coinbase Announces Bootstrap Fund To Help Support DeFi Protocols

03:09 Wednesday , September 11th 2019
Coinbase has now stepped up its efforts to encourage growth in the Decentralized Finance (DeFi) space after it announced the USDC Bootstrap Fund for supporting DeFi protocols.
The exchange will be directly investing USDC into the protocols. This investment is diametrically opposite to existing traditional methods as the capital invested will be tied to the smart contract protocol, with reimbursement delivered by the third party.
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