What is Coinbase borrow?

Could you elaborate on the concept of "Coinbase Borrow"? Is it a new lending platform within Coinbase that allows users to borrow against their crypto holdings? How does it work? Does it offer competitive interest rates compared to other similar platforms? What kind of risks should users be aware of when considering to borrow through Coinbase? Additionally, are there any eligibility requirements or limitations to using this service? Understanding the intricacies of Coinbase Borrow would help potential users make informed decisions about whether it's the right lending solution for their needs.