Morpho introduces offer-based markets for onchain credit
Morpho is adding a fixed-rate, fixed-term credit product called Midnight and a new Markets App for lending and borrowing against those markets. The launch follows months of beta and comes as onchain credit is described as roughly $60B, with most of that still crypto-backed lending.
What this rests on
Claim by claim, with its source
✓
Morpho introduces offer-based markets for onchain credit.
✓
Morpho Midnight goes live as a noncustodial protocol for fixed-rate, fixed-term credit, alongside a new Markets App for lending and borrowing directly to and from those markets.
✓
The public launch of Morpho Midnight follows multiple months of beta and is described as coming in the coming days after a preview of what to expect at launch.
Market reaction
-1.90 %
before publication
-2.71 %
after
$3price at publication
11series points
How the story was built
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
Sep 30 14:46
Crypto Briefing
+13 h 33 m
Morpho
adds
our clock
Oct 1 04:20
Adds $80B
+13 h 33 m
Morpho
adds
our clock
Oct 1 04:20
Adds $200000B and $60B, with quotes
+13 h 33 m
Morpho
context
our clock
Oct 1 04:20
Its angle: progressively, externalizes, externalized
Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 24 days ago | Coinbase adds fixed-rate bitcoin-backed loans through Morpho Midnight event | 1 actors in common · 4 news media |
| 24 days ago | Circle launches Bitcoin-backed USDC borrowing for institutional clients event | 1 actors in common · 2 news media |