Morpho optimizes lending/borrowing on Aave/Compound via P2P matching, enhancing rates and efficiency. It's governed by the MORPHO DAO and offers a flexible interface.
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Morpho is a decentralized lending protocol that operates without custodial control, aiming to improve lending and borrowing efficiency on platforms like Aave and Compound. It directly connects lenders and borrowers in a peer-to-peer fashion, bypassing traditional lending pool inefficiencies and eliminating interest rate spreads. Morpho uses a proxy system to interact with underlying lending pools, either directly matching users or placing their assets in those pools until a match is found. This maximizes interest rates and ensures liquidity. The Morpho DAO, governed by the MORPHO token, manages the protocol, including smart contract deployment and treasury management. Morpho Blue provides a flexible interface allowing users to customize market and risk parameters based on their preferences...
As of now, Morpho is trading at 1.53285 USD, with a 24-hour trading volume of approximately 4.00M USD. The MORPHO to USD price is updated in real time. Over the past 24 hours, Morpho has increased by 9.31%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 362.20M USD. Currently, there are 236 290 738 MORPHO in circulation out of a maximum supply of 1 000 000 000 MORPHO.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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