Coinbase’s KYC Magic: Trade in DeFi Pools Like a Wizard! 😎

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In a move that might just confuse even the most seasoned alchemists of Ankh-Morpork, Coinbase has pulled a rather unexpected rabbit out of its digital hat: Verified Pools. These aren’t your run-of-the-mill liquidity pools but enchanted ponds accessible only by those who’ve proven they’re not a bunch of rascally impostors – verified by the good folks at Coinbase. This spellbinding feature is available in the US, Singapore, the Netherlands, the British Virgin Islands, the Cayman Islands, and the Channel Islands. 🧙‍♂️✨

Whether you fancy yourself an institutional trader with the gravitas of a wizard-lord or a retail trader with a penchant for mischief, Coinbase’s Verified Pools claim to offer a trusty, KYC-certified route to the magical realm of on-chain markets. The aim? To keep things as open and efficient as a well-run magical meeting – no mysterious happenings, just pure, unadulterated liquidity.

DeFi Trading: Now With a Dash of Wizardry

Coinbase has announced the launch of what they cheerfully dub “KYC-Verified Pools” – a service that promises to reduce the typical knotted risks of decentralized finance as if by a simple swish of a wand. According to the Coinbase scribes, this clever new trick is a “trusted and seamless way to access liquidity pools” for both the common folk and the lords of finance in approved lands. It’s the next step in their on-chain adoption odyssey – as if DeFi needed an extra boost of magical realism.

Smooth Onchain Trading and Swapping: Like Butter on Hot Porridge

With a flourish that might rival a discount wizard at a clearance sale, Verified Pools proclaim to provide “a trusted way to seamlessly trade and swap onchain.” Whether you’re a mighty institution in search of liquidity that doesn’t vanish into thin air or a humble trader hoping to make sense of the modern chaos, Coinbase assures that compliance efficiency, trust, and transparency have all been invited to this enchanted banquet.

Powered by Base, Built on the Uniswap v4 Protocol

As if conjured in the depths of a deep magical library, Coinbase boasts that Verified Pools represent a “breakthrough” in on-chain liquidity. This is achieved by merging Coinbase’s KYC-integrated verification system with all the clarifying power of smart contracts. The result? A reduction in counterparty risks (that pesky bunch) while preserving the open and efficient markets we’ve come to know and love – all without needing a wand.

Verified Pools run on Coinbase’s scalable Layer-2 network, Base, and are built like an intricate magical artifact on the Uniswap v4 protocol. Not to mention, a partnership with Gauntlet – the kind of risk-modelling and optimization oracle that ensures liquidity pools behave as they ought to, without mutiny.

For those institutional investors and traders who have long battled the dragons of on-chain trading armed with nothing but their wits (and maybe a rusty sword or two), Coinbase’s Verified Pools promise a smoother, enchanted journey.

Institutions can expect a treasury of benefits from Verified Pools, including:

“Concentrated Liquidity: Think of it as being allowed to place your gold within a very distinct price range, maximising your potential for the magical return on investment.

Controlled Access: With Coinbase’s own verification spells, only the genuinely verified may enter the hallowed halls of these liquidity pools. No shenanigans, just honest trading.

Autonomy: Verified Pools are non-custodial, meaning you keep hold of your treasure – no need for a meddlesome wizard to swipe your coins.”

The Map to Your DeFi Treasure

To partake in this arcane ritual, Verified Pools can be accessed via Coinbase’s “institutional-grade” Prime Onchain Wallet, Coinbase Wallet, or any third-party wallet boasting the coveted Coinbase Verification credentials.

A minor incantation in the form of completing Coinbase’s KYC procedure is required. After all, even in the realm of magic, one must prove they aren’t a wandering imposter.

And remember, this magical experience is reserved for those in the US, Singapore, the Netherlands, the British Virgin Islands, the Cayman Islands, and the Channel Islands.

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2025-04-11 06:10