Morpho
MORPHO
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Morpho price
in EUR€1.459
-- (--)
EUR
Last updated on --.
Market cap
€766.74M
Circulating supply
524.44M / 1B
All-time high
€4.388
24h volume
€28.79M
Rating
3.8 / 5
About Morpho
MORPHO is a cryptocurrency designed to optimize decentralized lending and borrowing in the DeFi ecosystem. By integrating directly with leading protocols like Aave and Compound, MORPHO enhances user experience by offering more competitive interest rates and seamless access to liquidity. It acts as a bridge between peer-to-peer and pool-based lending, ensuring higher efficiency and better returns for participants. This coin is particularly relevant for users seeking to maximize their yield while minimizing risk through curated vaults and smart contracts. MORPHO empowers investors and institutions to leverage DeFi opportunities safely and effectively, making it an essential asset for anyone exploring decentralized finance.
AI insights
Morpho’s price performance
Past year
--
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3 months
-15.91%
€1.74
30 days
-7.99%
€1.59
7 days
-12.27%
€1.66
Morpho on socials
The risk transmission of lending has led to the issue of the Curator role. I believe that the design of modular lending + Curator has not been disproven; rather, the market has been too indulgent towards Curators, and very few people pay attention to this issue.
In theory, Curators are easier to KYC and regulate, which is simpler than regulating an entire DeFi project. Their advantage is that they can weaken the monopoly of lending platforms, but they are still too immature.
For example, as Aave's monopoly gradually expands, the difficulty of launching assets on Aave increases due to the lack of competition in governance processes. Of course, its brand endorsement and treasury reserves provide sufficient advantages, making it still the first choice for many assets.
The model of modular lending + Curator can effectively meet the second segment of market demand as long as Curators can be regulated and compliant. In the long run, this structure has market potential, especially under the trend of emphasizing compliance.
However, it is currently in a very chaotic stage, and for users, controlling risk is the top priority; it is still very immature.
CM
Recently, there have been quite a few questions about DeFi. First, everyone needs to distinguish between what is permissionless and what is governed by protocol:
- Protocol-governed includes Aave, Spark, etc.
- Permissionless includes Morpho, Euler, etc.
In permissionless lending protocols, most designs have each Market managed by a Curator, and many projects can have their own Curator or stakeholders. So this is similar to a pool opened by the project team themselves.
For example, the most critical parameter, which collateral types are supported, is managed by the Curator, and there is no endorsement from the lending platform. However, projects like Aave and Spark require that the assets of each Market go through a governance process, and if issues arise, the lending platform is likely to intervene.
Similar issues to xUSD, or when certain stablecoin projects have underlying problems, can lead to utilization soaring to 95%–100%, with the phenomenon of not repaying loans despite extremely high interest rates, because the collateral has lost its value, making it impossible to redeem it; no matter how high the interest, it remains just a number.
Permissionless lending is analogous to permissionless DEX; you trust Uniswap, but if you buy a Pi Xiu pool, Uniswap cannot manage it. Therefore, for lending protocols, the most critical parameter is the collateral, and behind high interest rates, there may be a hidden problem; knowing who the Curator is is also very important.
I feel the same way.
Today, I stopped all on-chain DeFi activities.
This round of DeFi Lego is even more complex than the previous one. Moreover, the level of complexity after stacking is unimaginable.
What has happened in the past few days has been somewhat concentrated. There's no need to take the risk of potentially losing all principal just for a few extra points in returns.
I wonder if this is the first domino to fall.
Preserve the little principal left, and wait for the next round.
區塊先生 🐡 ⚠️ (rock #58)
🚨 It feels like something big is about to happen in DeFi (a strange vibe)
Especially as we see platforms like Compound, Lista, Silo, Morpho, Ethena Labs (USDe), Stream Finance (xUSD), and other similar Curator/borrowing platforms showing obvious lack of transparency and liquidity.
At the same time, the utilization rates of various lending assets have skyrocketed to levels of 95% to 100%, which actually means: if you want to withdraw or cash out → it may become difficult.
Currently, although there is no widespread panic, once panic spreads = bank run initiates → runs on the bank → a chain reaction begins.
In this cycle, the entire DeFi "Lego" model has become too intricate, with various protocols cross-referencing each other; if one link fails, all links fail. AAVE's volume has reached 60 billion USD, but the core assets underneath are looping at a very high rate.
A reminder to everyone: before chasing high yields and high utilization, be aware of the structural risks behind it.
⸻
🔍 Here are a few points worth highlighting:
• Stream Finance has announced a loss of about 93 million USD and has suspended deposits and withdrawals.
• At the same time, investigations have found that its exposure to lending/stablecoins exceeds 284 million USD, and the risks may spread to multiple protocols.
• Liquidity and structural issues with Compound, Silo, and major lending platforms.
Now is not the time to only look at "high interest rates" and "high utilization"; instead, ask yourself: "If I can't withdraw / if I can't mine / if the borrower collapses, how will this entire leverage/interconnected structure fall apart?"
The era of DeFi is indeed here, but the Lego is too chaotic, and the foundation is too fragile, which should alert all participants.🫡
Don't touch projects with a bad history. PayPal -hope -usdx started three ventures, and anyone who has ever stored with PayPal will never touch it again.
Why did the usdx issue explode now? To put it simply, in a bull market, project teams use air to borrow 70% of the U from liquidity pools, and the borrowing rate is low with attractive APR. When someone deposits or withdraws, it doesn't show up. Once liquidity drops, a 10-20% withdrawal can cause an explosion.
1. The big issue is BSC; the official BN wallet has directed a lot of traffic, and the background checks weren't done well.
2. Financing is debt-to-equity conversion. After PayPal's failure, promoting hope also used PayPal's financing, and usdx did too. In reality, no institutions are putting in money.
3. Euler and Morpho have few permissionless pools; there are too many black boxes inside.
In the end, the crypto world has the memory of a fish. If the project team comes back again, they can still cut again.
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Morpho on OKX Learn
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Morpho FAQ
Currently, one Morpho is worth €1.459. For answers and insight into Morpho's price action, you're in the right place. Explore the latest Morpho charts and trade responsibly with OKX.
Cryptocurrencies, such as Morpho, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Morpho have been created as well.
Check out our Morpho price prediction page to forecast future prices and determine your price targets.
Dive deeper into Morpho
Morpho is a decentralised protocol on Ethereum enabling the overcollateralised lending and borrowing of crypto assets (ERC20 and ERC4626 tokens) on the Ethereum Virtual Machine (EVM).
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
€766.74M
Circulating supply
524.44M / 1B
All-time high
€4.388
24h volume
€28.79M
Rating
3.8 / 5