Coinbase Launches CDP Wallets for Developers
Coinbase has introduced CDP Wallets, targeting developers with a new wallet infrastructure that resolves challenges between custody and complexity. These wallets allow developers full control via API to create self-custodied, programmable wallets, without managing private keys. Utilizing Trusted Execution Environments within AWS Nitro Enclaves, the wallets secure operations, ensuring private keys are kept private, even from Coinbase. Features include instant creation, low-latency signing, and integration with tools like viem and ethers.js. Support for EVM chains and structured interactions with smart contracts makes them ideal for real-time DeFi. U.S. developers can benefit from 4.1% USDC rewards on idle balances.
FAQ
❓ What makes CDP Wallets different from EOAs or MPC wallets?
Unlike EOAs or MPC wallets, CDP Wallets provide full control through scoped API calls without private key management.
❓ Can developers earn rewards with CDP Wallets?
Yes, U.S. developers can earn 4.1% USDC rewards on idle balances without staking requirements.