Coinbase Global Inc. (NASDAQ:COIN) on Tuesday launched Verified Pools, a new initiative designed to improve transparency and security in decentralized finance (DeFi) liquidity pools.
The move comes amid growing scrutiny of risks associated with DeFi platforms, particularly regarding opaque liquidity sources and counterparty risks.
The product, available to users in the U.S., Singapore, the Netherlands, British Virgin Islands, Cayman Islands and Channel Islands, introduces a verification system that integrates identity checks through Coinbase Verifications.
The system aims to reduce the uncertainty associated with who is providing liquidity in these pools, a common issue within DeFi ecosystems.
Verified Pools uses the Uniswap v4 protocol and operates on Coinbase’s Base layer-2 network, which focuses on reducing transaction …
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