# The Morpho Effect: March 2025

**Published by:** [Morpho](https://paragraph.com/@morpho/)
**Published on:** 2025-04-04
**URL:** https://paragraph.com/@morpho/the-morpho-effect-march-2025

## Content

A quick recap of the Morpho ecosystem over the past month 🦋TLDR🔹 Compound is now building on Morpho 🔹 Vault Risk Disclosures with Credora-powered Risk Ratings 🔹 Seamless migrates from Aave v3 fork to Morpho 🔹 TAC to develop Morpho-powered Mini Apps for Telegram's 1B+ users 🔹 Morpho surpasses $100M in interest generated for lenders 🔹 TruBit Earn+ integrates Morpho, CeFi in the front DeFi in the backHighlights of the monthCompound is now building on MorphoOriginated as a rate optimizer on Compound, Morpho is now the chosen infrastructure of Compound on Polygon PoS, operated by Gauntlet with front end support from Paperclip Labs. Morpho 🦋 @MorphoLabs It's official. @compoundfinance is now building on Morpho! Compound's Morpho-powered vaults are live on @0xPolygon with $3M in COMP and POL incentives allocated to accelerate growth. Learn more about Compound's new vaults 271 10:00 AM • Mar 13, 2025 In just two weeks after launch, Compound Blue has surpassed $50M in TVL (including borrowing) and risen to become the second-largest lending protocol on Polygon PoS.Data Source: DeFi LlamaLoan migration tools, leverage, and additional features will be available soon.Vault Risk Disclosures are now liveVault Curators can now voluntarily disclose their curating methodology and market risks, as well as opt in to display Risk Ratings powered by Credora. Morpho 🦋 @MorphoLabs Vault Risk Disclosures are live! Now curators can voluntarily disclose: Risk Ratings by @CredoraNetwork Market risks Allocation strategies 110 8:03 AM • Mar 27, 2025 Risk Disclosures enhance transparency and standardization in risk curation, making it easier for institutions and Fintechs to manage risk and maintain compliance when integrating Morpho Vaults into their DeFi yield products. Learn more about Credora's Risk Ratings.Seamless 2.0 is now powered by MorphoSeamless, the longest-running DeFi protocol on Base, has migrated all liquidity from its Aave v3 fork infrastructure to Morpho. Morpho now powers both Earn and Borrow on Seamless. Morpho 🦋 @MorphoLabs Migration time. The @SeamlessFi DAO just passed a vote to migrate all liquidity from their Aave v3 fork to Morpho. Seamless joins protocols like @sparkdotfi @MoonwellDeFi @compoundfinance @indexcoop in using Morpho as the backend. 82 9:03 AM • Apr 2, 2025 Seamless now turns its focus towards growth, and the development of their upcoming product: Leverage Tokens. Learn how building on Morpho allows Seamless to metamorphosis. Hear the Seamless team talking about the rationales behind the migration.New Features on the Morpho AppThe refinancing feature lets users seamlessly migrate their borrowing positions without having to close them Morpho 🦋 @MorphoLabs Refinancing is now available on the Morpho App Easily swap between markets to reduce your borrow rate 125 5:30 AM • Mar 21, 2025 Advanced Asset Filtering enables quick discovery of specific assets for lending, borrowing, or collateral use Morpho 🦋 @MorphoLabs Advanced filtering live on the Morpho App 77 6:00 AM • Mar 18, 2025 The Morpho App now offers a fully mobile-optimized experience with complete Earn and Borrow functionality Morpho 🦋 @MorphoLabs The Morpho App is now optimized for mobile. Deposit, withdraw, borrow, and repay with just a few taps. 79 9:03 AM • Mar 12, 2025 Morpho MetricsCoinbase's crypto-backed loans powered by Morpho have reached nearly $100M in collateral and $50M in borrowing, with over 2,500 wallets taking out loans on Morpho in the Coinbase App.Lenders on Morpho have generated over $100M in interest. (data source) Morpho 🦋 @MorphoLabs interest/acc Over $100M interest generated on Morpho 86 10:00 AM • Apr 2, 2025 Steakhouse Financial reaches $500M in TVL across curated vaults. Steakhouse Financial @SteakhouseFi Celebrating $500m from Steakhouse @MorphoLabs users and a new milestone as the largest curator on the platform Join us for the next $500bn 110 6:13 AM • Mar 24, 2025 Morpho curators are on track to generate $8M in quarterly ARR. Merlin Egalite 🦋 @MerlinEgalite The projected ARR for curators on top of Morpho, based on last quarter, is $7.8 million. This number keeps increasing over time. Morpho is making the "curator" business a reality. 71 3:05 PM • Mar 28, 2025 Ecosystem News TruBit_Global @TruBit_Global CeFi convenience meets DeFi power! We're excited to integrate @MorphoLabs into TruBit Earn+, bringing users institutional-grade, secure yields. Morpho is the 2nd largest decentralized lending protocol, with $5B+ in deposits across Ethereum & Base! Explore now: 76 10:15 AM • Mar 26, 2025 TAC (🫰,✨️) @TacBuild Bluechip DeFi is coming to @ton_blockchain, powered by @morpholabs and TAC Ready to unlock onchain yields for 1B+ users on @telegram. [ ] 142 9:00 AM • Mar 26, 2025 Moonwell @MoonwellDeFi Now Live: Moonwell Flagship USDC Vault on @Optimism Mainnet This marks the first integration of @MorphoLabs' cutting-edge lending infrastructure on OP Mainnet — accessible through the streamlined Moonwell app. Deposit USDC today and experience lending made simple. Moonwell @MoonwellDeFi Introducing the first Moonwell Vault on @Optimism Mainnet: Moonwell Flagship USDC! Powered by @MorphoLabs, with @BlockAnalitica and @bprotocoleth as curators, this vault is set to deliver optimized, risk-adjusted returns for USDC depositors — all within the Moonwell app. 122 1:01 PM • Mar 18, 2025 Morpho 🦋 @MorphoLabs Maple is joining the Morpho Ecosystem, enabling borrowing against SyrupUSDC Maple @maplefinance SyrupUSDC/USDC is now live on @MorphoLabs, with $USDC ready to borrow from @gauntlet_xyz and @MEVCapital vaults 1. Supply SyrupUSDC as collateral earning (~11-12%) 2. Borrow USDC (~5–6%) 3. Mint SyrupUSDC 4. Additional ~5% yield each time, link to borrow below ↓ 124 8:33 AM • Mar 25, 2025 Samuel Huber's Morpho Frame now enables in-frame MORPHO reward claims Gauntlet @gauntlet_xyz 1/ How do you demystify vault curation? Show your work. The Gauntlet VaultBook is a resource for capital allocators seeking a comprehensive review of our approach to vault curation across @MorphoLabs, @DriftProtocol, and @symbioticfi. Gauntlet @gauntlet_xyz x.com/i/article/1906… 104 9:29 AM • Mar 31, 2025 Morpho 🦋 @MorphoLabs Migrating hyETH to Morpho was just a start. Index Coop is now building its Leverage Suite on the Morpho Infrastructure. Index Coop 🎟️ @indexcoop Trade SOL and SUI with 2x leverage on @base Now part of the @IndexCoop Leverage Suite Powered by @MorphoLabs and @universaldotxyz 58 10:04 AM • Mar 11, 2025 Midas launches mMEV/USDC market on Morpho for mMEV-backed USDC borrowing Send @Send 1/ Your bank gives you interest on your savings. But what if you could also earn interest…on your friends’ savings? That’s exactly what @Send is launching with Send Earn: A first-ever onchain savings vault where your network’s deposits pay you, too. Here’s how it works 185 4:33 AM • Mar 25, 2025 Legend @legendapp Always earn the best yield in Legend. Today: receive a prompt when a better rate is available. Tomorrow: automated across all available markets. Legend Migrate 140 1:43 PM • Mar 17, 2025

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