Morpho, a lending protocol on Ethereum, has shown significant growth in market share. In June 2022, it had 0% market share, which increased to 3% in Jan 2023, 5.5% in June 2023, and 8.3% in Jan 2024. The protocol has seen $68m deposited on Morpho Blue, and it is expected to reach $100m in deposits within its first month. Additionally, the Multiply feature on Morpho Blue is now live on Summer Finance, providing a fee-efficient way for leveraged positions. A USDT MetaMorpho vault has been launched, allowing lending and borrowing of USDT on Morpho Blue, creating opportunities for both skeptics and supporters of Tether's financial stability to engage in the market.
great opportunity to bet on tether's financial stability collateral is not borrowable on morpho blue, so if youre a tether skeptic you can safely short it here and if youre confident tether is fine, you can put idle capital to work in Flagship USDT to lend against blue chips https://t.co/CxF57rJpLZ
1/ USDT has arrived on Morpho Blue! @BlockAnalitica & @bprotocoleth have launched a USDT MetaMorpho vault (bbUSDT) and created new USDT markets. This marks the first opportunity to lend and borrow USDT on Morpho Blue. https://t.co/NA6hS6Ce3E
π¦ Flagship USDT MetaMorpho Vault is LIVE! π¦ Co-curated with @BlockAnalitica, the bbUSDT vault will deposit funds only into blue-chip crypto markets on @MorphoLabs Blue, with no RWA exposure Starting with 3 collaterals - WBTC, WETH, wstETH Vault - https://t.co/LSrylPKeG4 π§΅π https://t.co/tzuqmUP7Mj
Multiply with Morpho Blue is officially LIVE on @summerfinance_ π¦βοΈ The Multiply feature gives users a fee-efficient way to create leveraged positions using any Morpho Blue markets. https://t.co/TZtOidKlqe
Multiply with Morpho Blue is officially LIVE on @summerfinance_ π¦βοΈ The Multiply feature gives users a fee efficient way to leveraged positions using all Morpho Blue markets. https://t.co/TZtOidKlqe
$68m deposited on Morpho Blue At this pace, the protocol will reach $100m of deposits in its first month of existence. https://t.co/Zro4bGt1m7
Love to see Morpho progressively taking market shares in the Ethereum lending space: πΉJune 2022: 0% πΉJan 2023: 3% πΉJune 2023: 5.5% πΉJan 2024: 8.3% With Morpho Blue deployed 3 weeks ago and all those metamorpho vaults launching, things are getting very interesting! https://t.co/wz5SolIIf0