Morpho (MORPHO)

Morpho is a peer-to-peer layer built on top of lending pools such as Compound (and soon Aave). Rates are seamlessly improved for both suppliers and borrowers while preserving the same liquidity and liquidation guarantees.

Funding Round $18 Million

Strategic Round $50 Million

Whitepaper

Onepager

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Interest lvl

High

Updated: Nov 19, 2024

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User Rating

Medium

3/5 • 1 votes

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Ticker

MORPHO

Type

Utility-token

Token standard

ERC-20

FoundedFrance

Registration countryFrance

Registration year2021

Office address229 RUE SAINT HONORE, PARIS, 75001, FR

Launchpads

ByBit

Ecosystems

Ethereum Base

What is Morpho

Morpho is a lending pool optimizer, it improves the capital efficiency of positions on lending pools by seamlessly matching lenders and borrowers peer-to-peer. As such, Morpho enhances your rates while preserving the same user experience, the same liquidity and the same parameters as the protocol.

This means that one interacts with Morpho-Compound the same way one would use Compound, with the same billions of dollars available to be borrowed/withdrawn and the same collateral factors, oracles, close factors... The only difference for a user is that Morpho provides improved rates for both borrowers and lenders.

Indeed, using Morpho, you either receive, in the worst-case scenario, the APY of the underlying pool, or an improved APY thanks to peer-to-peer matching. This improved APY is called the P2P APY.

In short, Morpho is the optimized gateway to decentralized lending. Instead of borrowing or lending directly from your favorite lending pool such as Compound, you would be better off using Morpho-Compound.