Crypto.com taps Morpho DeFi lending
Crypto.com, the Singapore-based cryptocurrency exchange, has informed its users that they will soon be able to borrow wrapped crypto assets and earn returns on stablecoins through Morpho, a decentralized finance (DeFi) lending protocol.
This update was made public after an announcement on Thursday, October 2, revealing that Morpho intends to establish stablecoin lending markets on the Cronos blockchain, with the launch of the first vaults anticipated later this year.
With this combination, users can deposit wrapped Ether or Bitcoin into Morpho vaults and utilize them as collateral to borrow stablecoins and earn yield.
The Morpho lending protocol acts as a game-changer in blockchain technology
Wrapped assets are tokens on one…
