Why this matters / Unique Strengths
Customization & composability: Unlike some older protocols, Morpho focuses on giving users (and developers) the ability to build bespoke lending markets rather than just deposit-borrow flows.
Strong alignment & governance: The recent restructuring to place the development arm under a nonprofit indicates a push toward aligning long-term protocol success with token-holder interests.
Research-driven design: Their published research shows attention to formal modeling of risk, interest rates, etc., which strengthens credibility in DeFi.
