DeFi lending platform Compound has integrated Base, a second-layer scaling solution developed by Coinbase, the cryptocurrency exchange. This integration will allow users to utilize ETH and cbETH as collateral to borrow the USDC stablecoin on the Bridged USD Coin (USDbC) network.

The total collateral on the network is currently valued at $3.75 million, with a total loan amount of $2.25 million. Lenders have the potential to earn up to 1.24% per annum, while borrowers can access loans at 2.83%.

Additionally, the head of decentralized exchange SushiSwap, Jared Gray, has revealed plans to deploy the second version of the SushiSwap V2 protocol on the Base network.

This integration underscores the growing interest and efforts in scaling solutions for Ethereum's DeFi ecosystem, aiming to alleviate congestion and high fees on the main Ethereum network.