Morpho launches fixed-rate lending protocol Midnight on Base to expand onchain credit markets
AI Summary
Morpho has introduced Midnight, a new fixed-rate lending protocol on the Base blockchain, expanding its offerings in the on-chain credit market. This move complements its existing variable-rate protocol and aims to cater to users seeking more predictable borrowing and lending terms. The launch is significant as it adds more tools for DeFi participants, potentially increasing liquidity and attractiveness of the Base network. This step could also help Morpho capture a larger share of the growing on-chain credit market.
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