About Morpho

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...