Merlin Egalite | Morpho 💙
@MerlinEgalite
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Cofounder @MorphoLabs Wizard making finance a public good Farcaster: https://t.co/MOfxq3uAR9
🌍
Joined November 2018
I'm excited to share that Morpho secured $50m in funding led by Ribbit Capital. There was also participation from @a16z @coinbase @variantfund @PanteraCapital and 50+ others who will help guide the future of Morpho. From a student project to one of the fastest-growing and now.
We're excited to announce that Morpho has secured $50M, led by Ribbit Capital!. The funding from Ribbit and other strategic partners further enhances Morpho's decentralization and supports its mission to make financial infrastructure a public good.
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Today Moonwell is unveiling its Debit Card. One of the most significant problems of crypto is its lack of connectivity to the real world. People have cryptos but don't spend them in the real world either because of a lack of good UX or tax considerations. It gets stuck on CEX or
🌜💳🌛 Introducing Moonwell Card — Leveraging what's yours has never been easier!. Shop, dine, and travel globally while keeping your assets onchain. Accepted at 44+ million merchants worldwide, Moonwell Card makes spending your crypto effortless.
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Sad and good news at the same time: Morpho Labs has pivoted we’re now a merch company. DM if interested to get high quality merch for your brand.
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Having a proper office is clearly underrated. We've just moved to an office where any team member can sit anywhere, and it feels so great. Being remote-friendly is awesome for attracting worldwide talent and maximizing talent density, but having a proper office and people
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Coinbase launches crypto-backed loans powered by Morpho. Today, @coinbase users can now access USDC loans directly in their Coinbase app. Under the hood, loans are originated from Morpho markets. This marks a huge milestone for DeFi and its adoption, so I can't be more excited.
Crypto-backed loans on @coinbase powered by Morpho. Now, millions of users can borrow against their BTC on Coinbase.
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Morpho is for everyone. Morpho is for DeFi.Morpho is for CEXs.Morpho is for retail.Morpho is for lenders.Morpho is for fintechs.Morpho is for builders.Morpho is for borrowers.Morpho is for institutions.Morpho is for risk managers. Morpho is permissionless financial infrastructure.
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Just traded on @zksync with @argentHQ and deposited some ETH on @LidoFinance, the experience is just 🤯🤯🤯🤯. Congrats guys for the work, keep building fintechs are not ready 👀.
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What to expect from Morpho in 2025?. → Deployment on many EVM chains.→ Major UX and DX improvements.→ Morpho as backend of widely distributed financial products/services.→ Continue offering the best risk-adjusted rates across DeFi.→ Make DeFi great again.→ Many more stuffs.
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Being part of the OP stack is so powerful. - Incentives are aligned among ecosystem participants to make the overall stack better even though they may be competing with each other IRL eg Coinbase VS Kraken.- Every chain benefits from all improvements made to the stack.- The more.
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Proposal to deposit Polygon POS unproductive bridged assets to Morpho. I'm looking forward to the upcoming discussion, as this would be a very smart move for the @0xPolygon ecosystem. Here's why. There are $1.3B of stablecoins sitting idle on the Polygon POS bridge. If these
Today @AllezLabs, @MorphoLabs & @Yearnfi posted a pre-PIP for a Polygon PoS Bridge Liquidity Program. This community-led proposal discusses activating stablecoin reserves on the PoS Bridge & directing yield into new incentive programs. Give feedback:.
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Woke up: we made it before EOY. Still day 1.
Well, I might need to revise my pronostics. Let's do $5B before EOY instead?
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Interesting idea: moving the Reentrancy Guard at the proxy level to prevent any type of reentrancy (even view reentrancy). I'd say you should make sure that no reentrancy is possible by enforcing check-effect-interaction but this can be another layout of.
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Morpho is now the 1st lending protocol and 2nd in total, in net deposits on @base in < 9 months. I am curious about what the organic demand from Coinbase will drive in the following weeks/months.
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Morpho is opening the gate for Fintech businesses. .Today @swissborg is joining the Morpho Ecosystem with a brand new USDC Earn product for its users. .SwissBorg users, often unfamiliar with DeFi, can now easily earn a yield on USDC with just one tap through the SwissBorg app.
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More than 2 years ago, the first instance of Morpho Optimizer was deployed on top of @compoundfinance. Today, Morpho just flipped Compound's total deposits. Although Morpho has come a long way, we're still at day 1 of replacing tradfi with permissionless financial infra.
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Even though many users are criticizing the @paraswap airdrop, I think this is a good attempt to avoid sending tokens to airdrop hunters. And also remember that this is FREE money. Outside DeFi nobody is giving you these amounts 🙃🤯.
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Here is a drawing on how the @coinbase attestation X @centrifuge X @MorphoLabs integration works behind the scenes, as I received many questions. 6 steps are bundled into 1 single tx. Pretty sure that Arthur C. Clarke would have said the following: “Any Morpho integration is
Kicking off a new era for onchain institutional lending. Today's collaboration marks the start of a strong push to bring institutional lending onchain. For the first time, @coinbase attestations are leveraged on @base by Morpho Vaults to get access to permissioned markets.
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So many people asking to build an interface, run a vault or build new products on top of Morpho rn. I guess this is because Morpho is special in the sense that it's a true business enabler. Builders actually own the stack from top to bottom (immutable + gov minimized), and.
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I recently finished my internship at @Kleros_io, a de centralized justice court which is worth being known by everybody in this ecosystem. I learnt a lot during those 6 months and just wanted to thx the whole team! 🙏. This allowed me to begin a new journey @MorphoLabs 🦋👀.
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I'm in an air bnb with 4 friends. None of them were in crypto before. They're all buying $ETH, setting a @MetaMask wallet and applying to @proofofhumanity right now. $UBI was the trigger💧.Is this the best way to onboard new people in the journey? 🧐.
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With numerous security reviews, protocols shipped, and war rooms over 2 years, we’ve learned a lot about securing a protocol, sometimes the hard way. Below are some key takeaways (while some may sound obvious, they are worth reiterating):. 1/ Make a place for debates and.
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1 year ago, we basically spent our winter break reviewing 1400 reported issues during @cantinaxyz's competition before Morpho's deployment. This year, the team is again grinding hard to prepare the deployments of Morpho on dozens of chains, already at ~$5B in total deposits.
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The ticker is $MORPHO. After 2 years, the $MORPHO token is now transferable. Having the token nontransferable allowed to build strong relationships with power users and long-term players in the space. But now it seems this is the time for Morpho to fly with its own wings.
$MORPHO is now transferable 🦋. Legacy $MOPPHO on Ethereum must be wrapped to enable transferability — holders can wrap their tokens on the Morpho App. $MORPHO on Base is already wrapped and transferable.
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THREAD - The most noticeable things in @solidity_lang seen on @SolidityFridays. I watched @LinumLabs videos and gathered the most striking things about code style, tricks and tips that some protocols use. After reading it, I guess you'll want to read the code in depth👇.
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@0xlawlol First and foremost, we welcome feedback on the interface; however, labeling this as a scam is false. The claim that “Any users who tap max withdraw when repaying will be automatically liquidated, unlike any other reputable lending platform or even non-reputable ones” is
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The 1st cbBTC lending markets are deployed on Morpho. cbBTC is the new wrapped Bitcoin asset from @coinbase that can now be used as collateral on Morpho on both Ethereum and @base networks.
cbBTC is onchain. cbBTC is an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase. This means millions of BTC holders can now securely access DeFi apps on @base and Ethereum ecosystems—with more chains coming soon. Here’s what you need to know ↓
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I was not supposed to go to @EFDevconnect as it requires taking a plane (and I try to avoid that for our 🌍). But guess what? Europe is full of trains, so I might go for a train-only trip from Paris to Istanbul! 🚞. Who will go there?
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A lot of things are happening in Morpho's forum right now:. → @berachain is proposing to fork Morpho on their chain: "we recognize Morpho Blue’s emergence as a cutting-edge lending protocol in the DeFi space, known for its efficiency and innovative design.". Morpho Blue will.
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1/ Today, we're releasing Morpho Blue's whitepaper & code 🟦. Morpho Blue is a trustless, efficient, and flexible lending primitive opening a completely new era for the lending space.
1/ Today, we unveil Morpho Blue 🟦. A trustless lending primitive that offers unparalleled efficiency and flexibility. It will serve as a new base layer for decentralized lending.
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It's 2025, and the hardest thing to do on Ethereum is verifying smart contracts.
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There's now $3B of total deposits on Morpho Blue alone. Reaching $3B from $2B took only a month VS 3 months for the first one. Morpho is accelerating. morpho/acc
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Woke up moonwelled today and you?. It's incredible to witness how @MoonwellDeFi is leveraging the Morpho Stack like no one else. They have integrated:.- The bundler contract to expose an awesome UX to their users.- Morpho Vaults for the lending side.- The public allocator to.
🌜🦋🌛 Over $55M deposited into Moonwell Flagship Vaults!. Curated by @BlockAnalitica and @bprotocoleth, the vaults allocate funds across several @Chainlink-secured markets on @MorphoLabs. Deposit ETH, USDC, or EURC today — all within the familiar Moonwell app experience.
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Most exciting panel you could have wished for the @sparkdotfi night 👀. @lemiscate @euler_mab @MonetSupply & @PaulFrambot on the stage
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This governance drama proves that DeFi on top of onchain funds is not sustainable. Governance-minimized protocols whose management is externalized are better suited and less prone to controversies. Not happy with one manager? Just use another one or do it yourself; the liquidity.
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Morpho is an open infrastructure for onchain loans, opening a wide variety of use cases. Below is a collection of the most interesting possibilities 👇.
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After months of work, I'm glad to present Morpho's new Interest Rate Model. NB: rate is quite high at 100% utilization.
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I first did not get the tornado gov attack trick, so I reproduced a POC to understand it. TLDR; you can deploy 2 contracts sequentially with different logic but the same address using CREATE, CREATE2 & SELFDESTRUCT. Explanation below and in the gist 👇.
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Who’s going to the @EthCC in Paris? 🇫🇷🥖. First I thought I couldn’t attend to but it seems I’ll join with the @Kleros_io team now! ⚖️🔥.
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Just reviewed smart contracts from the protocol team that will 10x the UX on Morpho. I'm hyped. Can't wait for production 👀.
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Retails are slowly but surely entering the DeFi space 👀. ~$160k have been deposited into @swissborg's Morpho Vault.
Morpho is opening the gate for Fintech businesses. .Today @swissborg is joining the Morpho Ecosystem with a brand new USDC Earn product for its users. .SwissBorg users, often unfamiliar with DeFi, can now easily earn a yield on USDC with just one tap through the SwissBorg app.
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I did my first half marathon today in 1’37’39. Not too bad but organizers don’t know I cheated with my magic Morpho Socks 🧦. Btw I heard that only Morpho’s builders at the next @ETHGlobal hackathon in London will have some of them 👀
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Random Solidity tip:. The simplest way to use CREATE2 is the following:
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Today, Morpho Blue is officially based 🔵🎉. For the first time, a Morpho contract is available on an L2, making permissionless lending widely accessible. This timing is perfect with Permissionless Fault Proofs recently deployed on @Optimism and very soon on @base. 🧵
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Users don't want super highly optimized contracts. Users want contracts that work.
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Now APYs on the interface are using the latest price of $MORPHO. Just a matter of time before users realize this.
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Things that you can do to prevent bugs in prod (not exhaustive):. 1. Small codebase.2. Simple codebase.3. Unit tests.4. Integration tests.5. Fuzzing tests.6. Invariant tests.7. Formal Verification.8. Asking for reviews/advice.9. Internal reviews by another team (not the.
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More than 2 years ago, the $MORPHO token was deployed as a nontransferable token. This allowed building a strong user base that shaped what Morpho is now. Today, a community member published a proposal to enable transferability. If the community agrees, it can enable new ways.
A community member has published a proposal to enable transferability for the MORPHO token. If the community remains aligned, the proposer will push a vote on Snapshot. Link to the full proposal below.
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Surprise, the $100m mark on @base was crossed a few days ago, in fact!. It seems that an asset was not priced in the analytics🙈. Chasing ghosts now 👀
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If you haven’t done it yet and you’re a $MORPHO holder, you can delegate your tokens to a large pool of delegates already (link below). Curators:.@gauntlet_xyz.@Re7Capital.@MEVCapital. Morpho builders:.@antonttc.@DefinitiveFi. Prior xp with gov:.@A_Leutenegger.@HubertX13
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A bit of clarification given the recent events. Like @Uniswap anyone can create a market on Morpho as it is fully permissionless. Upon creation one must select the following parameters:.- collateral asset.- loan asset.- lltv.- oracle.- interest rate model. As you can see Morpho.
The Morpho protocol provides permissionless infrastructure that enables an open market for risk curation. While errors at the risk curation layer may occasionally occur, the underlying protocol remains secure and resilient. That said, we will continue to equip curators with.
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Morpho Vaults v1.1. → No bad debt realization (we might see the development of Umbrella style solutions).→ Curators can update vault names and symbols.→ Timelock can be set to 0 at deployment to streamline initial.setup. Audited by @SpearbitDAO and @OpenZeppelin.
Introducing Morpho Vaults 1.1. An improvement to the widely adopted Morpho Vaults 1.0 that has become a staple of the DeFi ecosystem.
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Best way to start your day at DevCon: do a Morpho Workout.
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I feel that we are not sharing enough about our learnings at @MorphoLabs on what it is to build a DeFi protocol. Who would like that I share the up and down of such journey?.
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Morpho is Blue, Base is Blue, and Blue is Based 💙. Onchain summer is coming and today I’m as based as @jessepollak for this announcement. The Morpho Association proposes to transfer the ownership of Morpho Blue on @base to the DAO.
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3y ago I started writing a newsletter about blockchain to share my knowledge and stopped. I missed writing ✍️. This year I decided to start writing again about various topics (DeFi, health, climate, startup, etc). The first piece: Why I am into DeFi 👇.
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Morpho Blue has entered the top 10 protocols in terms of TVL on @base after less than a week, according to @DefiLlama. This is just getting started.
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I AM ABOUT TO LEND INTO THE MOST SECURE, EFFICIENT AND FLEXIBLE MONEY MARKET OF MY LIFE. I NATURALLY ATTRACT LIQUIDITY TO MAKE IT ACCESSIBLE TO THOSE WHO NEED IT. I GIVE MYSELF PERMISSION TO BE PERMISSIONLESS AND I HAVE THE POWER TO BUILD FINANCIAL INFRAS THAT I DESIRE.
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Already $90m deposited via @MoonwellDeFi vault on top of Morpho. Soon $100m.
🌜🦋🌛 The Moonwell Flagship Vaults provide the simplest lending experience on @Base, now with over $90M in deposits!. Curated by @BlockAnalitica and @bprotocoleth, the vaults deliver optimized, risk-adjusted returns for ETH, USDC, and EURC depositors.
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Presenting the Morpho merch. The most secure, efficient & flexible merch in the world. Ping me if you want some👌
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Idea to better align incentives with auditors. If the contract gets exploited or a critical vulnerability is found, the auditors would participate in covering the cost (a few percent). If the project is successful and generates revenues, part of this revenue is redirected to.
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We are looking for a Smart Contract Engineer (remote or based in Paris) to join the onchain team I lead at @MorphoLabs 🦋. We are looking for a strong Software Engineer, who ideally has existing web3 developer experience or is very eager to transition from web2 to web3 (and can.
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Who are the web3 auditors in this space?. There are smart contract auditors but we struggle to find web3 auditors checking:.- Web2 stack.- Third services: Alchemy, TheGraph.- Contract interactions.- Credentials/CI.- . .
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Payment is broken. I'm in Cambodia right now. It's quite a mess to pay. Often, the card is not supported. They have local easy QR code solutions, but it's using a permissioned blockchain, so obviously is not interoperable with public chains rn. Withdraw fee at ATMs is a rug. The.
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Who better to protect Morpho Vault users than the depositors themselves?..That's what @AragonProject has enabled; Morpho Vaults with mini DAOs run by depositors. .Many risk curators such as @SteakhouseFi, @LlamaRisk, @Re7Capital, and @MEVCapital have already integrated this
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Just a few hours after the release, total deposits have already reached > $6m. This is just starting to get based 🔵
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Introducing Bundler3. Bundler3 is an OS suite of immutable smart contracts that allow EOAs to batch arbitrary actions into one single tx, greatly improving interaction with DeFi protocols. It's an improvement (transient storage, more flexibility, etc) of the previous Bundler2
Introducing Bundler3. An open-source smart contract that enables EOAs to execute a sequence of arbitrary calls atomically, including actions requiring approvals or callbacks. Now available as a public good.
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Ethereum is the internet computer. Morpho is the internet protocol for lending & borrowing. Simple.
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Wrapping 2024 with 5B ✅.
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Morpho Blue is officially live! 🟦. Deploying Morpho Blue was like fitting together all the small puzzle pieces we've been working on for a year, and seeing the complete picture for the first time 🧩. It’s time to #MoveToMorpho.
1/ Morpho Blue is officially live on Mainnet! 🟦🦋. Lend and borrow on the most efficient lending protocol on Ethereum.
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Massive news: DeFi's leading risk management firm, @gauntlet_xyz, partners with Morpho. Gauntlet's proven expertise will help curate high-quality MetaMorpho vaults on top of Morpho Blue. This collaboration is accelerating a paradigm shift within DeFi lending toward an.
1/ We are thrilled to announce that @gauntlet_xyz is joining Morpho!. Gauntlet will curate various MetaMorpho vaults on top of Morpho Blue and contribute to the sophistication of the Morpho ecosystem.
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Just heard that Facebook planned to recruit 10 000 people in EU to build a metaverse. Please, if you’re a developer, a researcher or whatever. Don’t go working for a Big Tech. There are plenty of awesome projects out there whose aim is not to extract value from the entire world.
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Well, I might need to revise my pronostics. Let's do $5B before EOY instead?
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Migrate your supply from AaveV3?. Easy, it's 1 click. Same for AaveV2, Morpho-AaveV3, and even more to come 👀
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There's now $1m on @swissborg X @gauntlet_xyz Morpho vault. This is a very interesting case study for fintech integrations on top of Morpho. Expect more usecases like this to come 👀
Morpho is opening the gate for Fintech businesses. .Today @swissborg is joining the Morpho Ecosystem with a brand new USDC Earn product for its users. .SwissBorg users, often unfamiliar with DeFi, can now easily earn a yield on USDC with just one tap through the SwissBorg app.
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Just published an article on the security framework used to make Morpho Blue the most secure lending protocol in the world. It covers each phase of a protocol lifecycle:.- pre-build (design).- build and test.- pre-deployment (audits, contest. ).- post-deployment.
The goal with Morpho Blue was to create the most secure lending protocol. Our latest article covers the security framework in detail, making the process available to everyone. As always, we welcome all feedback to better our security practices.
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Ok so my parents adopted a new cat and called it GPT so they can refer to it as chat GPT. I don’t know what to think.
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Introducing “skin in the game founder mode”:.- No advisory contracts.- Most savings in their own protocol.- Standard founder mode.
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DeFi Lego is going wild. @spectra_finance + @usualmoney + @MEVCapital + @MorphoLabs = 🤯. Just build on Morpho.
Introducing industry-first yield market on top of @MorphoLabs vault - @usualmoney Boosted USDC curated by @MEVCapital. Unlocking fixed rates, yield trading, enhanced yield for Usual Boosted USDC lenders + MORPHO & Usual Pills exposure. How it works and how to get started ↓
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Meet the awesome @MorphoLabs team today and tomorrow at our booth (building B on the right) 🦋. PS: we have some merch for you 👀
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1/ Finally giving security contests a shot after longing for it. They're the perfect supplement to standard security reviews. With Morpho Blue around, now is the ideal time. Excited to launch the first public contest with @cantinaxyz. 🔹 $200k.🔹 3 weeks.🔹 Nov 13th.🔹 ~2500 LOC.
🪐 Introducing Cantina Competitions 🪐. With @MorphoLabs! 🦋. • $200,000.• 2500 SLOC.• Cantina Code assisted (much bigger than you think).• Invite Code ONLY. A new era for web3 security begins today. 👇No invite code? Huge opportunity below👇
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