# The Morpho Effect: April 2025

**Published by:** [Morpho](https://paragraph.com/@morpho/)
**Published on:** 2025-05-05
**URL:** https://paragraph.com/@morpho/the-morpho-effect-april-2025

## Content

April is when 🐛 turns into 🦋. It was also a big month for Morpho. A longer than usual round up 👇(slightly longer) TLDR:🔹 Coinbase crypto-backed loans reach $130M+ in active loans with $270M+ in collateral 🔹 Trust Wallet and Ledger integrate Morpho for stablecoin earn features 🔹 Apollo's ACRED levered RWA strategy now runs on Morpho 🔹 World DeFi powered by Morpho and new Morpho Mini App in the World App 🔹 Product releases: Morpho Prime, Morpho Lite, and Open-Source Liquidation BotHighlights of the monthTrust Wallet Earn and Ledger Earn are powered by MorphoTrust Wallet and Ledger, the world's largest non-custodial software and hardware wallets, now integrate Morpho as their default earn option. Morpho is the default Earn engine of Trust Wallet. Morpho 🦋 @MorphoLabs Morpho is now the default earn engine within @TrustWallet Earn Hub Millions of Trust Wallet users can now securely access the best risk-adjusted yields onchain, integrated via @Kiln_finance. 156 7:14 AM • Apr 28, 2025 Morpho powers Ledger Live's Earn section. Morpho 🦋 @MorphoLabs Morpho is powering @Ledger Earn 7M+ Ledger users can now seamlessly access the best risk-adjusted yields onchain, integrated via @Kiln_finance. 210 8:54 AM • Apr 29, 2025 Morpho powers Apollo ACRED levered strategyInstitutional grade RWA yields, amplified onchain with DeFi. Morpho is powering a looping strategy for Apollo's Apollo Diversified Credit Securitize Fund (ACRED), tokenized by Securitize, operated by Gauntlet and deployed on Polygon. Morpho 🦋 @MorphoLabs Institutional-grade DeFi strategies, powered by Morpho. The newly launched levered RWA strategy on Apollo Diversified Credit Securitize Fund (ACRED) offers enhanced yields to institutional investors and is available exclusively onchain. 244 7:51 AM • Apr 30, 2025 This marks the first time a private credit fund is used in an onchain structured product to enhance yields — a playbook that more TradFi RWA use cases will likely adopt.The DeFi Mullet with Coinbase surpasses $130M in active loansCoinbase has raised the borrowing cap of crypto-backed loans powered by Morpho to $1M for all eligible US users. Since launching less than 100 days ago, the product has accumulated $270M+ cbBTC in collateral and $130M+ USDC in active loans. (data source here)25M+ Humans on World App Can Now Lend & Borrow Using MorphoLend and borrow from World. Morpho now powers World DeFi, with the World Coin Foundation providing $5M in incentives to jumpstart growth. Morpho 🦋 @MorphoLabs Earn and borrow on World, powered by Morpho 25M+ humans can now access crypto-backed loans and onchain yield, directly in the @worldcoin app. 311 3:28 AM • May 1, 2025 Morpho on World can be accessed within the World App using the Morpho Mini App by Paperclip Labs. Paperclip Labs @PaperclipLabs The Morpho Mini App is live on World App! We teamed up with Morpho to bring global lending and borrowing markets to the 25M+ World App users. Powered by @MorphoLabs and @worldcoin, with vaults curated by @Re7Labs Check the demo ↓ 66 12:14 PM • May 1, 2025 Front end support from other leading third-party interfaces: 🔹 Mobile-native experience from Legend 🔹 Web-first front end from Oku for advanced usersProduct ReleasesIntroducing Morpho Prime products: a vertical of products dedicated to curators and advanced users. The launch included: 🔹 The Morpho Curator App, a no-code tool for efficiently managing Morpho Vaults across multiple chains. 🔹 The Morpho Rewards App, an all-in-one platform for creating custom rewards programs and discovering reward opportunities. Morpho 🦋 @MorphoLabs Introducing Morpho Prime: a new product vertical for curators and advanced users. Morpho Prime empowers the ecosystem by equipping key participants with powerful tooling. Starting with the Curator & Rewards Apps, Prime will evolve into a comprehensive product suite. 190 8:01 AM • Apr 3, 2025 Open-Source Liquidation Bot An RPC-based liquidation bot that's fast, efficient, and completely open-source—deployable on any EVM-compatible chain. Morpho 🦋 @MorphoLabs Today, we're open-sourcing a liquidation bot for Morpho. Simple, fast, and easily configurable. The bot is entirely based on RPC calls and ready to be deployed on any EVM-compatible chain. 454 3:45 AM • Apr 25, 2025 Morpho Lite An open-source, lightweight front end providing access to Earn & Borrow on Morpho on EVM chains beyond Ethereum and Base. At launch, users can access Morpho on Polygon, World, and OP Mainnet, with more chains coming soon. Morpho 🦋 @MorphoLabs Introducing Morpho Lite A minimal, open-source app with just the essential Earn and Borrow features. Simple by design, making it easy to deploy on any chain. 383 5:22 AM • May 2, 2025 Metric Highlights45%+ of cbBTC on Base are held in the Morpho protocol on Base as collateral and lending asset, generating yield. (source: basescan)Launched less than 2 months ago, Compound Blue continues to grow on Polygon, with new use cases such as Apollo ACRED looping strategy supporting deployed. (source: defillama)Ecosystem Highlights Morpho 🦋 @MorphoLabs Earn extra yield on USDC for perp traders on @bsx_labs, powered by Morpho BSX @bsx_labs Introducing: bsxUSD A yield-bearing, composable stable asset that maximizes your USDC. The Base-native money lego for traders is here. One-click deposit to trade with 50x leverage while earning passive yield — powered by @MorphoLabs. Welcome to the most capital-efficient 45 6:51 AM • Apr 22, 2025 Morpho 🦋 @MorphoLabs One of the fastest growing stablecoins is now officially powered by Morpho. Level 🆙 @levelusd Level’s next evolution is here, powered by @MorphoLabs Level will start allocating a portion of the USDC in lvlUSD’s reserves to prime vaults on Morpho, diversifying into more high-quality yield sources. Read more 91 11:47 AM • Apr 29, 2025 Morpho 🦋 @MorphoLabs Morpho Hyper Everywhere Morpho smart contracts are now deployed on @HyperliquidX HyperEVM, with front ends operated by @felixprotocol and @0xHyperBeat. 464 9:00 AM • Apr 24, 2025 John Lilic @LilicJohn What @MorphoLabs has built is actually an on chain credit operating system for Bitcoin. The rate at which the @coinbase integration (and others) is growing is phenomenal. Don't fade the mullet. @PaulFrambot @MerlinEgalite @TomReppelin @OneTrueKirk @0xloth @atkaincubator John Lilic @LilicJohn x.com/i/article/1915… 77 9:52 PM • Apr 23, 2025 f(x) Protocol @protocol_fx 1/6 Introducing $fxSAVE, @protocol_fx's yield bearing stablecoin powered by 100% organic revenue sources on @MorphoLabs You can now: • Lend USDC that will be borrowed against fxSAVE • Use fxSAVE as collateral to borrow USDC app.morpho.org/ethereum/marke… Let’s dive into it 70 10:11 AM • Apr 22, 2025 Morpho 🦋 @MorphoLabs Referral for curators on Morpho is powered by Fuul. ⚡️ Fuul @fuul_xyz Referrals are now available for Curators on @MorphoLabs, powered by Fuul. Learn how you can leverage Fuul to run your own referral program 62 11:33 AM • Apr 16, 2025 Falcon Finance 🦅🟠 @FalconStable $USDf and $sUSDf are now live on @MorphoLabs Borrow $USDC with $USDf and $sUSDf today! Get started now : Supply $sUSDf as collateral while earning Falcon's yield Borrow $USDC Mint $USDf Stake $USDf for $sUSDf Repeat Start here sUSDf/USDC 100 7:00 AM • Apr 10, 2025 corn @use_corn BTCFi lending & borrowing are now live on @okutrade Powered by @MorphoLabs. Curated by @SteakhouseFi Welcome to BTC-native lending -- Corn-style ( Details ) 115 11:21 AM • Apr 17, 2025 OpenEden @OpenEden_X OpenEden Bills | Ouroboros | Morpho We’re proud to share new cUSDO markets on @MorphoLabs, now live on Ethereum! These new Morpho markets on Ethereum—created by @OuroborosCap8—bring more ways to earn Bills points and yield with cUSDO. New network, more opportunities to put 62 9:18 AM • Apr 23, 2025 Morpho 🦋 @MorphoLabs Powering DeFi lending on the Superchain. This is only the beginning. Optimism @Optimism The results are in and Optimism has allocated 2M+ OP for this month's rewards for Dev tooling and Onchain Builders. 55 3:44 AM • Apr 4, 2025 fluidkey.eth @fluidkey Fluidkey auto-earn is now available across USDC, wETH, cbBTC, and EURC on @base, powered by @MorphoLabs & @gauntlet_xyz ✔︎ start earning with 0 clicks and better privacy 57 9:03 AM • Apr 16, 2025 Blockworks Research @blockworksres 1/ New dashboard on Morpho, one of DeFi's hottest lending protocols. Built by @JackMandin, the dashboard takes a deep dive into Morpho's Lending Markets, Vaults, Financials, and their MORPHO token. Here is a quick overview: 77 2:22 PM • Apr 17, 2025 Delphi Digital @Delphi_Digital Curation is reshaping DeFi lending, and Morpho is the infrastructure that powers it. @MorphoLabs is building a permissionless framework for anyone to launch custom lending markets. Let's take a look. 81 10:05 AM • Apr 30, 2025

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