This article was co-written by Josh Kessler from Sommelier Finance. Two of Sommelier’s most successful vaults, Real Yield USD and Real Yield ETH, as well as the upcoming Real Yield BTC vault, are now utilizing Morpho’s AaveV2 and AaveV3-ETH Optimizers to enhance overall returns.About the IntegrationMorpho’s Optimizers set the bar for efficient lending and borrowing, making it a key integration as Sommelier expands access to the best of DeFi including Aave, Compound, Uniswap, 1Inch, 0x, and no...

This article was co-written by Josh Kessler from Sommelier Finance. Two of Sommelier’s most successful vaults, Real Yield USD and Real Yield ETH, as well as the upcoming Real Yield BTC vault, are now utilizing Morpho’s AaveV2 and AaveV3-ETH Optimizers to enhance overall returns.About the IntegrationMorpho’s Optimizers set the bar for efficient lending and borrowing, making it a key integration as Sommelier expands access to the best of DeFi including Aave, Compound, Uniswap, 1Inch, 0x, and no...

Ever wished for a tool that's on standby to answer queries 24/7? Enter MorphoGPT, an AI assistant leveraging the OpenAI API and the Pinecone API to serve the Morpho community on Discord. Whether you're a user seeking answers or a developer looking for a ready-to-use tool for your documentation, MorphoGPT is here to facilitate.A Look at MorphoGPTMorphoGPT is an AI assistant trained on Morpho's wide-ranging repository of resources, including the White Paper, Yellow Paper, article...

Ever wished for a tool that's on standby to answer queries 24/7? Enter MorphoGPT, an AI assistant leveraging the OpenAI API and the Pinecone API to serve the Morpho community on Discord. Whether you're a user seeking answers or a developer looking for a ready-to-use tool for your documentation, MorphoGPT is here to facilitate.A Look at MorphoGPTMorphoGPT is an AI assistant trained on Morpho's wide-ranging repository of resources, including the White Paper, Yellow Paper, article...

We are at the dawn of Morpho's next chapter, and what better way to start it than with an upgraded brand identity fit for the future?Morpho was born from a novel idea to improve DeFi rate markets by combining lending pools and peer-to-peer mechanisms. The unique design allows users to earn more and pay less while maintaining a familiar user experience. And with that, Optimizers emerged. Optimizers have found notable success with over $850m in supplied assets, making Morpho the third-larg...

We are at the dawn of Morpho's next chapter, and what better way to start it than with an upgraded brand identity fit for the future?Morpho was born from a novel idea to improve DeFi rate markets by combining lending pools and peer-to-peer mechanisms. The unique design allows users to earn more and pay less while maintaining a familiar user experience. And with that, Optimizers emerged. Optimizers have found notable success with over $850m in supplied assets, making Morpho the third-larg...

A few days ago, I wrote The Two Paths for DeFi: Decentralized Brokers vs. Protocols. I outlined how some platforms are similar to brokers but with onchain infrastructure and decentralized governance. Others, protocols, can act as trustless and general financial primitives that form a foundation for more layers to be built on top. How does this model apply to DeFi Lending, and how does it impact what we’re building at Morpho Labs? Let’s dive in.DeFi lending is made up of decentralized brokers....

A few days ago, I wrote The Two Paths for DeFi: Decentralized Brokers vs. Protocols. I outlined how some platforms are similar to brokers but with onchain infrastructure and decentralized governance. Others, protocols, can act as trustless and general financial primitives that form a foundation for more layers to be built on top. How does this model apply to DeFi Lending, and how does it impact what we’re building at Morpho Labs? Let’s dive in.DeFi lending is made up of decentralized brokers....

DeFi is still in its infancy and faces a major fork in the road: Decentralized Brokers — Platforms similar to TradFi funds or brokers, but with onchain infrastructure and decentralized governance. Protocols — Trustless and general financial primitives that form a foundation for many more layers that can be built on top.Decentralized BrokersI define decentralized brokers as DeFi platforms that enable direct financial interactions between parties but require active human interventions to operat...

DeFi is still in its infancy and faces a major fork in the road: Decentralized Brokers — Platforms similar to TradFi funds or brokers, but with onchain infrastructure and decentralized governance. Protocols — Trustless and general financial primitives that form a foundation for many more layers that can be built on top.Decentralized BrokersI define decentralized brokers as DeFi platforms that enable direct financial interactions between parties but require active human interventions to operat...

OverviewOn June 1, 2023, GothicShanon89238 reported an issue concerning the AaveV3-ETH Optimizer.The exploit was only possible with significant capital (more than ~$40m at the moment of the disclosure) and must be run over 2 blocks at least.The exploit could have drained some of the users’ funds by manipulating indexes of AaveV3.A successful exploit of this vulnerability could potentially yield a profit of 2,850,000 USD requiring an initial fund of 101,600,000 USD from the attacker.The issue ...

OverviewOn June 1, 2023, GothicShanon89238 reported an issue concerning the AaveV3-ETH Optimizer.The exploit was only possible with significant capital (more than ~$40m at the moment of the disclosure) and must be run over 2 blocks at least.The exploit could have drained some of the users’ funds by manipulating indexes of AaveV3.A successful exploit of this vulnerability could potentially yield a profit of 2,850,000 USD requiring an initial fund of 101,600,000 USD from the attacker.The issue ...

This story was republished from Medium. The original story can be found here. As a core contributor to the Morpho Protocol, Morpho Labs is excited to present Morpho-Aave-V3 — the latest version of Morpho to be deployed on Aave V3. Morpho is a peer-to-peer layer built on top of existing pool-based lending protocols such as Aave and Compound. It works as a lending pool optimizer by seamlessly matching lenders and borrowers peer-to-peer to increase capital efficiency and provide users with bette...

This story was republished from Medium. The original story can be found here. As a core contributor to the Morpho Protocol, Morpho Labs is excited to present Morpho-Aave-V3 — the latest version of Morpho to be deployed on Aave V3. Morpho is a peer-to-peer layer built on top of existing pool-based lending protocols such as Aave and Compound. It works as a lending pool optimizer by seamlessly matching lenders and borrowers peer-to-peer to increase capital efficiency and provide users with bette...

This article is republished from Medium. View the original article here. Security is the first and fundamental core principle for software development at Morpho Labs. Software correctness and security are paramount and no measure should compromise this principle. But how do we ensure this? There are several vital aspects for developing secure code, including understanding threats, secure design principles, code quality, testing and verification, and secure deployments. Of these, formal verifi...

This article is republished from Medium. View the original article here. Security is the first and fundamental core principle for software development at Morpho Labs. Software correctness and security are paramount and no measure should compromise this principle. But how do we ensure this? There are several vital aspects for developing secure code, including understanding threats, secure design principles, code quality, testing and verification, and secure deployments. Of these, formal verifi...

This story was republished from Medium. The original story can be found here. After a lot of hard work behind the scenes, we are excited to announce the integration of Morpho into Instadapp, the premier DeFi smart-contract wallet!About InstadappInstadapp provides smart accounts (non-custodial smart contract wallets) designed to leverage the full potential of DeFi. The Instadapp protocol is the middleware connecting multiple DeFi protocols into one flexible smart contract layer. Instadapp smar...

This story was republished from Medium. The original story can be found here. After a lot of hard work behind the scenes, we are excited to announce the integration of Morpho into Instadapp, the premier DeFi smart-contract wallet!About InstadappInstadapp provides smart accounts (non-custodial smart contract wallets) designed to leverage the full potential of DeFi. The Instadapp protocol is the middleware connecting multiple DeFi protocols into one flexible smart contract layer. Instadapp smar...

This story was republished from Medium. The original story can be found here. After a year of research, development, and fine-tuning, we are very proud to release Morpho’s Protocol, which introduces several new concepts to DeFi. Morpho is a lending pool optimizer. It means that by using Morpho, one upgrades its positions on lending protocols such as Compound or AAVE with Peer-to-Peer liquidity. Today, we are announcing Morpho-Compound.Why use Morpho-Compound?Morpho-Compound is an optimized ga...

This story was republished from Medium. The original story can be found here. After a year of research, development, and fine-tuning, we are very proud to release Morpho’s Protocol, which introduces several new concepts to DeFi. Morpho is a lending pool optimizer. It means that by using Morpho, one upgrades its positions on lending protocols such as Compound or AAVE with Peer-to-Peer liquidity. Today, we are announcing Morpho-Compound.Why use Morpho-Compound?Morpho-Compound is an optimized ga...

This article is republished from Medium. View the original here.Why Use Permit2Permit2 is an immutable, unowned, and open-source contract that allows token approvals to be shared and managed across different applications to create a more unified, gas-efficient, and safer UX. It improves on current token approval methods by introducing signature-based approvals and transfers for any ERC20 token, even if it does not support EIP-2612. Permit2 offers a range of exciting features that improves tok...

This article is republished from Medium. View the original here.Why Use Permit2Permit2 is an immutable, unowned, and open-source contract that allows token approvals to be shared and managed across different applications to create a more unified, gas-efficient, and safer UX. It improves on current token approval methods by introducing signature-based approvals and transfers for any ERC20 token, even if it does not support EIP-2612. Permit2 offers a range of exciting features that improves tok...

This story was republished from Medium. The original story can be found here. Today, we are thrilled to announce that Morpho has raised $18M from a16z Crypto and Variant, with participation from 80 additional investors, including advisors, founders, builders, and power users. This is a huge step forward in taking decentralized lending to the next level.Taking decentralized lending to the next level.Morpho introduces a groundbreaking lending protocol that combines the current liquidity pool mo...

This story was republished from Medium. The original story can be found here. Today, we are thrilled to announce that Morpho has raised $18M from a16z Crypto and Variant, with participation from 80 additional investors, including advisors, founders, builders, and power users. This is a huge step forward in taking decentralized lending to the next level.Taking decentralized lending to the next level.Morpho introduces a groundbreaking lending protocol that combines the current liquidity pool mo...