#Morpho @Morpho Labs 🦋 $MORPHO

Morpho is a decentralized lending/borrowing protocol in the DeFi space that operates as an overlay on existing platforms such as Aave or Compound, aimed at increasing capital efficiency.

• The protocol uses a hybrid model: a combination of peer-to-peer matching between lenders and borrowers + liquidity pools if direct matching is not available.

• The MORPHO token is a governance token: it grants voting rights in the protocol's DAO, participation in decisions regarding parameters and protocol development.

MORPHOUSDT

Perp

1.1148

+0.73%