# The Morpho Effect: February 2025 By [Morpho](https://paragraph.com/@morpho) Β· 2025-03-03 --- A digest of the latest news in the Morpho Ecosystem TLDR: πŸ”Ή The refreshed Morpho App: easier to use, more resilient, and soon to host a range of new features πŸ”Ή Released Pre-liquidation contract that enables enhanced loan management tools πŸ”Ή Morpho multichain expansion continues (Batch 2 includes Unichain, Sonic, Corn, Mode and Hemi) πŸ”Ή Morpho is now the largest lending protocol on Base by TVL and active loans πŸ”Ή Ecosystem updates from Moonwell, Farcaster, Seamless and more **Highlights of the Month** --------------------------- ### **Refreshed Morpho App** [![User Avatar](https://storage.googleapis.com/papyrus_images/5c1d7bab69176b942910d3750e4884c21f17680c13027b7dec89f307f12bb6b5.jpg)](https://twitter.com/MorphoLabs) [Morpho πŸ¦‹](https://twitter.com/MorphoLabs) [@MorphoLabs](https://twitter.com/MorphoLabs) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/MorphoLabs/status/1886791967407002003) The Morpho App just got a refresh ![πŸ¦‹](https://abs-0.twimg.com/emoji/v2/72x72/1f98b.png) Rebuilt from the ground up for a simpler and smoother experience. It comes with a completely new backend architecture that provides more resilient, responsive, and scalable access to Morpho. ![](https://pbs.twimg.com/amplify_video_thumb/1886791839128412166/img/6faYLbxYNwDzj9oO.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 279](https://twitter.com/MorphoLabs/status/1886791967407002003)[ 9:00 AM β€’ Feb 4, 2025 ](https://twitter.com/MorphoLabs/status/1886791967407002003) Under the hood, architecture improvements of the new Morpho App allows new features to ship at a much faster pace. Additionally, Rewards are now available for claim every Monday, with a fully automated backend. [![User Avatar](https://storage.googleapis.com/papyrus_images/5c1d7bab69176b942910d3750e4884c21f17680c13027b7dec89f307f12bb6b5.jpg)](https://twitter.com/MorphoLabs) [Morpho πŸ¦‹](https://twitter.com/MorphoLabs) [@MorphoLabs](https://twitter.com/MorphoLabs) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/MorphoLabs/status/1888947959313899588) Morpho Rewards are now claimable every week. ![](https://pbs.twimg.com/amplify_video_thumb/1888947932428382208/img/ebuqb2TPHJl2JoeC.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 132](https://twitter.com/MorphoLabs/status/1888947959313899588)[ 7:47 AM β€’ Feb 10, 2025 ](https://twitter.com/MorphoLabs/status/1888947959313899588) ### **Introducing Pre-Liquidations** Pre-Liquidation allows anyone to build borrower-friendly liquidation mechanisms that borrowers can opt-into. [![User Avatar](https://storage.googleapis.com/papyrus_images/5c1d7bab69176b942910d3750e4884c21f17680c13027b7dec89f307f12bb6b5.jpg)](https://twitter.com/MorphoLabs) [Morpho πŸ¦‹](https://twitter.com/MorphoLabs) [@MorphoLabs](https://twitter.com/MorphoLabs) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/MorphoLabs/status/1895115332018462902) Introducing Pre-Liquidations An open-source smart contract factory that enables applications built on Morpho to offer borrowers opt-in loan management features, such as auto deleverage and auto close. ![](https://pbs.twimg.com/amplify_video_thumb/1895115317904359424/img/jtTb0olldjykagkv.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 255](https://twitter.com/MorphoLabs/status/1895115332018462902)[ 8:14 AM β€’ Feb 27, 2025 ](https://twitter.com/MorphoLabs/status/1895115332018462902) Pre-Liquidations extend what's possible on Morpho, giving integrators the tools to build user-friendly loan management features directly into their apps. For a deeper dive, check out [the full announcement here](https://morpho.mirror.xyz/eRDN52JC2Xa2P-U-3A-3PwxYbRD5sbewIi64V24XXmE). ### **Morpho Everywhere Batch 2** Morpho contracts are now deployed on Unichain, Mode, Corn, Hemi and Sonic, extending Morpho non-core support to 12 EVM chains. Although these deployments are infrastructure-only, independent contributors such as Moonwell, GFX Labs and Paperclip Labs are pursuing grants independently to deploy front-ends of Morpho on these chains. [![User Avatar](https://storage.googleapis.com/papyrus_images/5c1d7bab69176b942910d3750e4884c21f17680c13027b7dec89f307f12bb6b5.jpg)](https://twitter.com/MorphoLabs) [Morpho πŸ¦‹](https://twitter.com/MorphoLabs) [@MorphoLabs](https://twitter.com/MorphoLabs) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/MorphoLabs/status/1894792701662634351) Morpho Everywhere Continued Morpho contracts are now deployed on [@unichain](https://twitter.com/unichain), [@modenetwork](https://twitter.com/modenetwork) [@hemi\_xyz](https://twitter.com/hemi_xyz), [@use\_corn](https://twitter.com/use_corn) and [@SonicLabs](https://twitter.com/SonicLabs). ![](https://pbs.twimg.com/amplify_video_thumb/1894792676157071362/img/WygR37wrP3pPKkRZ.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 174](https://twitter.com/MorphoLabs/status/1894792701662634351)[ 10:52 AM β€’ Feb 26, 2025 ](https://twitter.com/MorphoLabs/status/1894792701662634351) ### **Onchain Kit Earn Enables Apps to Integrate Morpho Vaults in Minutes** [Onchain Kit](https://www.base.org/builders/onchainkit) from Base announced [Earn](https://docs.base.org/builderkits/onchainkit/earn/earn), enabling app developers to integrate any Morpho Vault via pre-made code snippets. [![User Avatar](https://storage.googleapis.com/papyrus_images/7688d4f804553886fc868a4dbe6a591ae16bba37dcd9d4ff078ef7db93bbd3a1.png)](https://twitter.com/OnchainKit) [OnchainKit](https://twitter.com/OnchainKit) [@OnchainKit](https://twitter.com/OnchainKit) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/OnchainKit/status/1890140598306500649) Introducing Earn ![πŸ’Έ](https://abs-0.twimg.com/emoji/v2/72x72/1f4b8.png) The sleekest way to integrate yield into your app. Deposit, withdraw, and earn yield on USDC and other tokens β€”Β all in one. Start now: [onchainkit.xyz/earn/earn](https://t.co/kK0imSXTr5) ![](https://pbs.twimg.com/amplify_video_thumb/1890140565985218560/img/3R8P_sdonC6BwHkT.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 400](https://twitter.com/OnchainKit/status/1890140598306500649)[ 2:46 PM β€’ Feb 13, 2025 ](https://twitter.com/OnchainKit/status/1890140598306500649) Integrating Morpho Vaults can now be done in minutes, bringing the benefit of onchain yield to millions via viral apps built on Base. Morpho Metrics -------------- Despite unfavorable market conditions, Morpho has cemented its position [as the largest lending protocol on Base by TVL](https://defillama.com/protocols/Lending/Base), and [active loans](https://x.com/tokenterminal/status/1895836699529527710). Morpho remains [the second largest lending protocol on Ethereum](https://defillama.com/protocols/Lending/Ethereum). ![Morpho is the leading lending protocol on Base. Source: defilama](https://storage.googleapis.com/papyrus_images/32ac132bdb314a89cf8862c6077e0898c34b3de763808731a57319ab5b686e80.png) Morpho is the leading lending protocol on Base. Source: defilama ### **Sticky USDC Supply** USDC Supply across Ethereum and Base have stabilized over the past month with [overall volume topping over 1 billion](https://dune.com/morpho/morpho-usdc-incentivized-markets). ![](https://storage.googleapis.com/papyrus_images/5ded3d84e6636e26b4b11124b1337418b6f5d644b669a2cb6b219024ae937c4f.png) ### cbBTC/USDC Market Continues to Grow The [cbBTC/USDC market](https://app.morpho.org/base/market/0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836/cbbtc-usdc) on Based Morpho grew by 50M benefiting from the increasing demand coming from [Coinbase cbBTC-backed loans](https://x.com/coinbase/status/1879902780564951530). ![](https://storage.googleapis.com/papyrus_images/7c49422449adf9bc20f52ff3147d729010b35e0336856265daad64066ee21d94.png) ### Curators Fees Cumulated Morpho Vault fees for curators are now over $3M ![](https://storage.googleapis.com/papyrus_images/82d752011308342f40c6befbbf58895e401a937b9a8098f499f92e903bf61925.png) Total vault fees generated on Base for curators are now over $250K ![](https://storage.googleapis.com/papyrus_images/bbc7deeb46a6a8559c2c18bf9b13e212c47eb95266777d589f65280bdcfc276a.png) Ecosystem Highlights -------------------- 1. [![User Avatar](https://storage.googleapis.com/papyrus_images/7ceee264cc967fc6032b07f8047ec7125b43f7e070dd32e804790af5d8fd1f2c.png)](https://twitter.com/MoonwellDeFi) [Moonwell](https://twitter.com/MoonwellDeFi) [@MoonwellDeFi](https://twitter.com/MoonwellDeFi) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/MoonwellDeFi/status/1892605399666499985) ![🌜](https://abs-0.twimg.com/emoji/v2/72x72/1f31c.png)![🌐](https://abs-0.twimg.com/emoji/v2/72x72/1f310.png)![πŸŒ›](https://abs-0.twimg.com/emoji/v2/72x72/1f31b.png) Introducing Moonwell Virtual Accounts Open a virtual U.S. checking account from anywhere, convert payments to USDC, and start saving in the Moonwell Flagship USDC Vault on @Base. With Moonwell Virtual Accounts, borders vanish, and global opportunities emerge. ![](https://storage.googleapis.com/papyrus_images/4cd63a99a6f3dc1c4d4f506d472dcfa247aff14e3bb02acdd7dfa0b48a9fe53c.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 743](https://twitter.com/MoonwellDeFi/status/1892605399666499985)[ 10:01 AM β€’ Feb 20, 2025 ](https://twitter.com/MoonwellDeFi/status/1892605399666499985) 2. [Unofficial Morpho Farcaster frame by Samuellhuber.eth enables users to deposit and withdraw from Morpho Vaults directly in Farcaster feeds](https://warpcast.com/samuellhuber.eth/0xd90a0e1c) 3. [![User Avatar](https://storage.googleapis.com/papyrus_images/7b5c045eea685a8ab5974e155504c092e310cd86a356e4f38ccbf4eba623cb60.jpg)](https://twitter.com/SeamlessFi) [Seamless Protocol](https://twitter.com/SeamlessFi) [@SeamlessFi](https://twitter.com/SeamlessFi) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/SeamlessFi/status/1892614078314774678) Seamless Vaults on [@MorphoLabs](https://twitter.com/MorphoLabs) have grown to over $50M in TVL this past month! cc [@gauntlet\_xyz](https://twitter.com/gauntlet_xyz) Put your bags to work and earn yield and rewards on your USDC, WETH, and cbBTC. Cant stop wont stop. ![](https://storage.googleapis.com/papyrus_images/9b1896185fde2a4c37bbab74f56c742b7d6ec41928b9f6f51ea8c7b0489374b8.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 32](https://twitter.com/SeamlessFi/status/1892614078314774678)[ 10:35 AM β€’ Feb 20, 2025 ](https://twitter.com/SeamlessFi/status/1892614078314774678) 4. [![User Avatar](https://storage.googleapis.com/papyrus_images/5c1d7bab69176b942910d3750e4884c21f17680c13027b7dec89f307f12bb6b5.jpg)](https://twitter.com/MorphoLabs) [Morpho πŸ¦‹](https://twitter.com/MorphoLabs) [@MorphoLabs](https://twitter.com/MorphoLabs) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/MorphoLabs/status/1895161533610524735) gm Coinbase One Welcome to the Morpho Ecosystem. [![User Avatar](https://storage.googleapis.com/papyrus_images/ba1e5a02fef3c6b2276076fd0db4587dce3b352490ee647ee0ac9a63c151f5ef.png)](https://twitter.com/coinbase) [Coinbase πŸ›‘οΈ](https://twitter.com/coinbase) [@coinbase](https://twitter.com/coinbase) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/coinbase/status/1895161164759503338) Earn more onchain with Coinbase One. Unlock exclusive onchain deals when you connect a wallet to your membership (up to $60 value). With partnerships across top trading, social, DeFi, and NFT apps, exploring onchain has never been more rewarding. ![](https://pbs.twimg.com/ext_tw_video_thumb/1895157491815649280/pu/img/-jT6_Zy1bglqjzkI.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 127](https://twitter.com/MorphoLabs/status/1895161533610524735)[ 11:18 AM β€’ Feb 27, 2025 ](https://twitter.com/MorphoLabs/status/1895161533610524735) Open Roles at Morpho Labs ------------------------- 1. [Senior Web3 Engineer - Frontend](https://morpho.org/jobs/senior-web3-frontend-software-engineer/) 2. [Senior Developer Relations Engineer](https://morpho.org/jobs/senior-web3-devrel/) Learn more at [morpho.org/jobs](https://morpho.org/jobs/). --- *Originally published on [Morpho](https://paragraph.com/@morpho/the-morpho-effect-february-2025)*