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

TLDR

🔹 Compound is now building on Morpho

🔹 Vault Risk Disclosures with Credora-powered Risk Ratings

🔹 Seamless migrates from Aave v3 fork to Morpho

🔹 TAC to develop Morpho-powered Mini Apps for Telegram's 1B+ users

🔹 Morpho surpasses $100M in interest generated for lenders

🔹 TruBit Earn+ integrates Morpho, CeFi in the front DeFi in the back

Highlights of the month

• Compound is now building on Morpho

Originated as a rate optimizer on Compound, Morpho is now the chosen infrastructure of Compound on Polygon PoS, operated by Gauntlet with front end support from Paperclip Labs.

In just two weeks after launch, Compound Blue has surpassed $50M in TVL (including borrowing) and risen to become the second-largest lending protocol on Polygon PoS.

Loan migration tools, leverage, and additional features will be available soon.

• Vault Risk Disclosures are now live

Vault Curators can now voluntarily disclose their curating methodology and market risks, as well as opt in to display Risk Ratings powered by Credora.

Risk Disclosures enhance transparency and standardization in risk curation, making it easier for institutions and Fintechs to manage risk and maintain compliance when integrating Morpho Vaults into their DeFi yield products.

Learn more about Credora's Risk Ratings.

• Seamless 2.0 is now powered by Morpho

Seamless, the longest-running DeFi protocol on Base, has migrated all liquidity from its Aave v3 fork infrastructure to Morpho.

Morpho now powers both Earn and Borrow on Seamless.

Seamless now turns its focus towards growth, and the development of their upcoming product: Leverage Tokens.

Learn how building on Morpho allows Seamless to metamorphosis.

Hear the Seamless team talking about the rationales behind the migration.

New Features on the Morpho App

• The refinancing feature lets users seamlessly migrate their borrowing positions without having to close them

• Advanced Asset Filtering enables quick discovery of specific assets for lending, borrowing, or collateral use

• The Morpho App now offers a fully mobile-optimized experience with complete Earn and Borrow functionality

Morpho Metrics

• Coinbase's crypto-backed loans powered by Morpho have reached nearly $100M in collateral and $50M in borrowing, with over 2,500 wallets taking out loans on Morpho in the Coinbase App.

• Lenders on Morpho have generated over $100M in interest. (data source)

• Steakhouse Financial reaches $500M in TVL across curated vaults.

• Morpho curators are on track to generate $8M in quarterly ARR.

Ecosystem News

• TruBit, a leading LATAM CEX, integrates USDC Vaults on Morpho into its Earn+ product to provide onchain yield to users

• TAC to bring Morpho to TON and Telegram's 1B+ users via mini apps

• Moonwell launches Isolated Markets and Flagship USDC Vault on OP Mainnet, powered by Morpho

• SyrupUSDC/USDC market launches on Morpho, expanding syrupUSDC use cases beyond native yield

• Samuel Huber's Morpho Frame now enables in-frame MORPHO reward claims

• Gauntlet releases Vaultbook to help users understand its asset allocation strategies across Frontier, Core and Prime vaults

• After migrating its hyETH strategy to Morpho, Index Coop is now building new Leverage Suite on Morpho

• Midas launches mMEV/USDC market on Morpho for mMEV-backed USDC borrowing

• Send Earn is building onchain savings on Morpho-powered Moonwell Vaults

• Legend builds on Morpho to deliver the best risk-adjusted stablecoin yield onchain