Crypto Lending Platform Morpho V2 Brings DeFi Closer to Traditional Finance
Morpho, a permissionless cryptocurrency lending protocol, unveiled an update that seeks to further align decentralized finance (DeFi) with traditional lending by bringing more in the way of bespoke, predictable loan terms.
Morpho V2 delivers market-driven fixed-rate, fixed-term loans with customizable terms, features previously unseen in DeFi, which are required to meet the demands of institutions and enterprises looking to build or migrate financial products on-chain, Morpho said in a press release on Thursday.
DeFi, a blockchain-based and automated system of lending and borrowing on-chain assets, is set to surge this year, just as it did in 2021, particularly because of the involvement of institutional finance and real-world assets…
