tl;dr

At its core, a loan is a promise of repayment. The critical question is how to evaluate the trust assumptions underlying that promise—whether it is collateral, reputation, or legal contracts.

When fintech companies emerged, they succeeded in reimagining user experiences and distribution channels but remained constrained by traditional financial infrastructure. This created a fundamental limitation: innovative customer-facing solutions built on legacy backend systems.

April is when 🐛 turns into 🦋.

A quick recap of the Morpho ecosystem over the past month 🦋

Today, we're excited to unveil Morpho Prime, a new product vertical catering to curators and advanced users who require specialized functionality beyond the Morpho App.

In early 2025, Seamless migrated a majority of its Earn infrastructure to Morpho Vaults, launching Seamless USDC Vault, Seamless WETH Vault, and Seamless cbBTC Vault.

Base OnchainKit just introduced Earn, a pre-built component that allows any app developer building on Base to integrate any Morpho Vaults into their apps in minutes, not weeks.

A digest of the latest news in the Morpho Ecosystem