Morpho Midnight and the Rate DeFi's Been Missing
Morpho launched Midnight, its fixed-rate, fixed-term lending protocol, on Base, opening with a cbBTC/USDC market across multiple maturities and intent-based matching rather than algorithmic pools. CEO Paul Frambot framed it as complementary to Morpho's variable-rate products, bringing fixed-term credit to a network with more than $11 billion deposited.
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