1. What is Morpho?
Morpho is a lending and liquidity protocol built to improve what already exists in DeFi: it combines the security of traditional systems with a structure that is far more efficient, transparent, and profitable. Unlike older models, it does not work like a closed intermediary vault; instead, it connects directly to lenders and borrowers, reducing unnecessary costs and optimizing how returns are distributed.
Its native token is $MORPHO : it is used to govern the protocol, propose changes, vote on decisions, and participate in long-term development.