# Testnet by Morpho Labs

**Published by:** [Atoms Research](https://paragraph.com/@atoms-research/)
**Published on:** 2023-11-23
**URL:** https://paragraph.com/@atoms-research/testnet-by-morpho-labs

## Content

Morpho is a peer-to-peer layer built on top of lending pools such as Compound and Aave Raised: $18M from a16z crypto and 82 other investors Rewards: 51% of $MORPHO tokens are allocated to the communityOfficial announcement of the testnet launch Morpho 🦋 @MorphoLabs We have some exciting news! Morpho Blue and MetaMorpho contracts are deployed on Goerli Testnet! How can users and developers participate? 91 9:59 AM • Nov 15, 2023 What to do? • Request test tokens from the faucet• Visit the website and connect your wallet• Take the additional test tokens• Now go to the "Borrow" tab and select a pair of tokens• Enter the collateral amount and borrowing amount • Click "Finalize borrow" and sign the transaction in the wallet• Switch to the "Earn" tab and select a vault• Enter the amount and confirm the deposit• You can withdraw your tokens in the "Dashboard" tab• Leave your feedback in the form✅ That’s all! 🌐 FOLLOW OUR SOCIALS ✨ Collect this entry showing your support to our team! More collects-more guides!

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