Launch AppMorpho Protocol Improve your supply and borrow APYs with peer-to-peer lending
Morpho is an on-chain peer-to-peer layer on top of lending pools. Rates are seamlessly improved for borrowers and lenders while preserving the same guarantees.
The Problem with Lending Pools
Pool-based protocols like Compound or Aave keep utilization of the capital low, so users can withdraw or borrow funds at any time. This causes a wide spread between borrow and lend APYs, leading to mediocre rates for both parties.
A new Peer-to-Peer Layer
When liquidity is matched peer-to-peer (P2P), instead of via a pool, the capital utilization rate is 100%, which means superior rates for both borrowers and lenders.
Why are all lending protocols not P2P, then?
The fundamental limitation of P2P matching is that users can’t borrow or withdraw their funds whenever they want. Morpho Protocol changes this.
Morpho, a P2P - Pool hybrid
Morpho combines the efficiency of P2P with the instant liquidity associated with lending pools. Users benefit from improved rates while maintaining pools’ flexibility.
Morpho
The Lending Pool optimizer
Same liquidity. Morpho users can withdraw or borrow the billions of liquidity that are available in lending pools.
Same risk parameters. Morpho mirrors on-chain the lending pools' oracles, collateral factors, and liquidation parameters.
Improved APY. Morpho increases the efficiency of loans. Better for both lenders and borrowers.
InvestorsMorpho is backed of some of the world's most respected and successful investors.
Funds
Angels
SecurityThe current smart contract implementation of the Morpho protocol has undergone over 17 audits by several of the best security firms in Web3, and the code has been formally verified.
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the DAO