Base, an Ethereum layer-2 network, has launched Earn & Borrow, an integration layer that enables applications to offer eligible users floating-rate stablecoin yields and crypto-asset-backed loans through third-party protocols including Morpho and Aave. The system expands in-app access to credit and yield markets built on Base rather than creating a native lending protocol. Base lists an average U.S.-dollar stablecoin yield of 4.45%, excluding incentives. Current market pricing assigns a 0.9% YES probability to Ethereum reaching $10,000 by December 2026, while the rollout adds functionality that could affect perceptions of Ethereum's longer-term valuation.