Morpho, Morpho, An unauthorized cryptocurrency lending protocol, has opened an update aimed at more aligned Decentralized Finance (DEFI) with traditional lending by bringing more than the bespoke, predictable loan terms.
Morpho V2 delivers a fixed market rate, fixed loans with customizable terms, features previously invisible to Defi, which is required to meet the demands of institutions and businesses seeking to produce or switch on on-chain products, Morpho said in a press release on Thursday.
Defi.
But the DeFI infrastructure needs to overcome some on-chains that recognize such a dependence on over-collateralization and fixed formulas for calculating rates to measure potential grade-institutional.
“In Morpho V2, we would like to move despite the durable, pool -based structures that lead the defi today where users have little control over rates or terms,” Morpho Labs CEO Paul Fropot said in an email. “V2 introduces a model based on the intention in which lenders and borrowers have expressed what they want, such as fixed-rate, fixed loans, specific collateral preferences etc, and the system has found the best match.”
Whereas the previous version of the Morpho Limited loan in single collateral types, V2 supports single -owners, many possessions, or entire portfolios as collateral, including RWA and niche assets, according to a press release.
“The degree of accuracy and flexibility is what it takes to deliver both sophisticated defi users and institutions seeking unpredictable, customizable on-chain loans,” Froper said. “V2 opens the potential of lending on-chain by introducing an open market where users will decide whether a loan should be provided, not the protocol.”
The upgrade also goes to compliance, including improved-your-customer (KYC) and whitelisting, but without changing the open platform resource, without permission, and non-custodial properties, the release said.
Morpho V2 will be released in the coming weeks, a representative for the firm said in an email.
