Morpho 🦋

"Why Morpho builds vaults: not to be a vault company, but to enable an open credit market for the world.

If we want to underwrite 8 billion people, we’ll need tens of thousands of lending markets to serve different borrowers with different types of risk.

Those markets need vaults to aggregate capital and reduce fragmentation, and curators to source and underwrite risks.”

Insung An of Hanwha Investment & Securities set out the controls a regulated firm needs onchain: risk rules checked before a trade executes, a traceable record of each change, and clear emergency authority. Watch the full fireside with Shan Shan Shui (@shanandwater) of @Morpho.

Matt Enslin (@stablenzo) of @circle sees FX trading as central to scaling non-USD stablecoins onchain. On this fireside with Theo C (@0xloth) of @Morpho, he describes euro demand as venue led, citing derivatives exchanges adding euro margin collateral.

Building an earn product on @arc?

Integrate Morpho Vaults curated by @SteakhouseFi @gauntlet_xyz @Bitwise @galaxyhq @keyrock and more directly via the Arc Earn Kit SDK.

New Release: Yield Curve View

Understand the term structure of Morpho Fixed Rate Markets before committing capital.

Arbitrum teams can now give users more ways to put their stablecoins to work with $USDG.

With @Morpho, teams can easily embed vault-based earning opportunities directly into their DeFi app, wallet, or trading platform.

Learn more:

arbitrum.io/products/usdg-…

How do your Morpho positions add up? When you allocate to many vaults and markets, it's easy to lose track of your real exposure.

That's why we built X-Ray: see your combined market exposure across Morpho, understand how allocations fit together and decide where to invest next

Track the value of all your positions on @Morpho in one place.

→ Variable rate, open term on Blue
→ Fixed rate, fixed term on Midnight

The Morpho Effect: September 2026

🔹 @coinbase fixed-rate loans, powered by Morpho Midnight on @base
🔹 Morpho powers credit use cases on @arc, with $500M+ in deposits
🔹 @RobinhoodApp Earn reached $500M+ in deposits
🔹 P2P Orders for Morpho Midnight live on @ethereum @base @arc
🔹 Morpho total deposits new all-time high at $17B+

For the full update👇

Why institutions should build on Morpho? (recurring questions)

Some element of answers:

1. Building secure and scalable smart contracts is underestimated in terms of how hard it is. Our protocol team is literally spending months or years to ship contracts that are just a few hundred lines of code. The reason why Morpho is still here today is because we've made security our number 1 priority. The last thing we want to do to enable a new integration is write contracts. Recreating this expertise is not an easy endeavor.

2. Innovation does not happen in silos but on open platforms. It's not intranets that gave us Airbnb or Uber. It's the internet, an open protocol that lets everyone build websites and apps. The Minitel had a great start, but only the surface of the network was decentralized; the core was not. It hindered what could be built on top. It could not compete with the World Wide Web. The same principles will apply to financial services.

3. Institutions already own the distribution, trust, and relationships. DeFi does not compete for this. In the long term, DeFi might not even be called as such. It will just be part of the financial infrastructures that have replaced spreadsheets and COBOL, which only a few could read and update. This will make institutions' backends much more efficient, allowing them to stay relevant in a space that is more competitive than ever.

4. Neutrality is key: just as Dee Hock formed Visa out of a consortium of competitive entities, Morpho provides a neutral infrastructure for credit. At the time, BankAmericard had too many limitations while owned and operated by Bank of America. The fact that Visa was an independent consortium of competitors brought the required neutrality for those entities to cooperate and maximize the value of card payments. Morpho is providing that truly neutral infrastructure for credit: no governance, immutable code, etc. This is what will make entities that wouldn’t otherwise trust each other actually cooperate or at least share markets. For end users it means deeper liquidity and better rates. An entity that tries to do everything on its own won’t benefit from Morpho’s network effects, which means worse rates and a harder time competing.

At the end of the day, the end customer is the one who benefits.

“Blockchain’s killer use case is openness: it drives competition on pricing and makes financial infrastructure more accessible.

At Morpho, we use that openness to collapse the spread between lending and borrowing rates.”

@PaulFrambot on stage with @ethereumJoseph @SamirTabar @kartiktalwar at @token2049

Morpho is now powering Crypto Loan inside @Ledger Wallet.

We already powered Ledger Earn, the largest hardware-wallet earn integration on Morpho! Now Ledger users can also borrow against their wrapped BTC through @Morpho, directly from the Ledger app.

Morpho is now powering @Ledger Crypto Loan!

After powering Ledger Stablecoin Earn, we’re now powering Ledger’s earn and borrow suite.

This creates an interesting flywheel where Earn and Borrow complement each other!

Crypto Loans just hit Ledger Wallet 🤝

Crypto Loan via @Ledger Wallet™, powered by Morpho

Ledger users can now borrow against wrapped BTC, all within self-custody.

Morpho is Ledger's infrastructure of choice to become an all-in-one platform for digital assets: first with Stablecoin Earn, and now Crypto Loan.

Multi-Market Limit Orders

The same capital can be offered across multiple markets with different collateral and maturities.

p.s. offered capital can earn variable rate yield until orders are filled thanks to callbacks

Morpho just crossed $17B in total deposits and now represents more than 20% of DeFi active loans.

Frankly, I would not have thought about reaching those milestones when we started 5y ago.

Still a long road ahead but very curious how it's going to look in 5 more years.

Lend and borrow at fixed rates on @base with Tenor.

Powered by @Morpho 🦋

Reminder: Morpho has no official mining app, ongoing mining program, or airdrop. Be careful with any telegram groups or sites claiming otherwise.