Morpho launches Morpho Prime for curators and advanced users

The team behind the decentralized lending protocol Morpho has launched an enterprise-focused product called Morpho Prime, designed for curators and advanced users.

Morpho Prime allows professional users to create lending and borrowing opportunities that will eventually become available to end users, according to a release shared with The Block. It includes a curator app, which provides tools such as market listing, role management and rebalancing, as well as a rewards app for those who want to create a custom rewards program.

Morpho defines curators as "independent, third-party risk experts" who create Morpho Vaults — smart contract-based pools where users can deposit assets and earn yield — according to the protocol’s website.

"For years our industry has tried to measure success by 'crypto apps,' but to us, infrastructure is the real product," Morpho Labs Co-Founder and CEO Paul Frambot told The Block in an email. "Morpho Prime is designed to lean into crypto's fundamental value as infrastructure, empowering enterprises to build on DeFi rails and bring these benefits directly to billions of consumers."

Earlier this year, Coinbase deployed bitcoin-backed, blockchain-based loans using Morpho. The protocol is built on Ethereum and the Coinbase-affiliated Layer 2 network Base .

Morpho Labs, the firm developing Morpho, raised $18 million in 2022, followed by another undisclosed funding round led by Pantera Capital in February 2024, The Block previously reported.

Morpho maintains nearly $3 billion in total value locked, according to the crypto data tracker DeFiLlama . The lending protocol Morpho Blue has $2.09 billion in TVL, The Block's Data Dashboard shows.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures .

LATEST CRYPTO NEWS

Naver and Upbit to pour $7 billion into AI, blockchain following mega-merger: reports

Upbit suffers $37 million hack on Solana assets, halts withdrawals

Bitcoin rebounds above $91,000 as December rate cut odds rise

SpaceX transfers $105 million in bitcoin to unmarked wallets: Arkham

Morpho launches Morpho Prime for curators and advanced users

Quick Take

Subscribe for Premium Content

RATINGS

Crypto infrastructure firm Taurus becomes custodian and super validator for Canton Network