About Morpho
Morpho is a decentralized, non-custodial lending protocol that runs on Ethereum and other compatible chains. Lenders deposit assets to earn yield, borrowers take out overcollateralized loans, and developers can build custom lending markets and vaults on top of it. Paul Frambot, Mathis Gontier Delaunay, and Merlin Egalite founded the project in Paris in August 2021. Because it is a set of smart contracts rather than a blockchain, Morpho relies on the consensus of the chain it runs on. Its MORPHO token is used for governance, with a fixed cap of 1 billion; it launched as non-transferable in 2022 and became transferable in November 2024.
Morpho hits record $4.1 billion in USDC deposits
Morpho's record USDC deposits highlight DeFi's growing role in stablecoin management, but reliance on major platforms poses concentration risks.
Uniswap hosts its first permissioned asset with GromaCorp’s real estate token
Uniswap's move to permissioned assets could reshape DeFi by integrating traditional finance compliance, potentially attracting institutional investors.
SparkLend grows 47% in three months as big borrowers shift capital, WalleDAO finds
SparkLend's rapid growth highlights shifting borrower preferences and strategic platform advantages, potentially reshaping Ethereum lending dynamics.
RedStone launches bug bounty programs offering up to $250K rewards
RedStone's bug bounty programs could bolster trust in DeFi security, potentially attracting more institutional clients and enhancing market stability.
Ethena says it has paid out over $800M in USDe ecosystem rewards
Ethena's shift from token incentives to revenue-based sustainability could redefine user engagement and stability in the DeFi ecosystem.
Crypto Council hands the SEC a 238-page framework for regulating crypto vaults
The framework could reshape crypto regulation, influencing how vaults are classified and potentially impacting investment strategies and compliance.
A sourced map of Morpho's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Morpho and the wider market, hosted by our team, will appear here once episodes are live.