Morpho launches fixed-rate lending protocol Midnight on Base to expand onchain credit markets
Morpho launched Midnight, a fixed-rate, fixed-term lending protocol, on Base, letting lenders and borrowers negotiate their own rates and maturities instead of relying on utilization-curve pricing. It starts with a single cbBTC/USDC market across multiple maturities and complements Morpho Blue, which has over $11 billion deposited.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at The Block.
Entities in this story
Want the full article?
Continue reading on The Block →