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.Morpho 🦋's Midnight could become a machine for pricing trust. Paul Frambot 🦋: “There’s a module in the protocol that lets you express why you should be trusted.” “That could be collateral, but that could also be your identity, your receivables, whatever.” “A piece of code is not here...

22,637 просмотров • 1 месяц назад •via X (Twitter)

Комментарии: 13

Фото профиля CAЯVEЯ de Medici 🎩🐸
CAЯVEЯ de Medici 🎩🐸1 месяц назад

@Morpho @PaulFrambot Yo @PaulFrambot I am coming to midnight morpho to borrow money and I want to know if the “module” will give me favorable trust pricing if I show them my wallet with a fat stack of $tibbir

Фото профиля NEO
NEO1 месяц назад

@Morpho @PaulFrambot @PaulFrambot is that module what i think it is? 🐸

Фото профиля vladechad 🐯
vladechad 🐯1 месяц назад

@Morpho @PaulFrambot Does Hoffman cut his hair everyday? How is it always perfect.

Фото профиля SavageX
SavageX1 месяц назад

@Morpho @PaulFrambot I have seen enough to know $CYBERCAT deserves a closer look.

Фото профиля hira
hira1 месяц назад

@Morpho @PaulFrambot pricing trust is the future

Фото профиля Meme Bank 🏦
Meme Bank 🏦1 месяц назад

@Morpho @PaulFrambot This is something else

Фото профиля Will Price
Will Price1 месяц назад

@Morpho @PaulFrambot very cool

Фото профиля Hiếu Trần
Hiếu Trần1 месяц назад

@Morpho @PaulFrambot cái khó là làm sao để thị grường định giá được cái uy tín đó mà không bị lạm dụng bác nhỉ

Фото профиля CoptersApples 🍎 🐸
CoptersApples 🍎 🐸1 месяц назад

@Morpho @PaulFrambot Agents need @Morpho Midnight

Фото профиля Dracule Mihawk
Dracule Mihawk1 месяц назад

@Morpho @PaulFrambot Midnight’s trust module will only work if non-collateralized signals like identity or receivables are weighted well against market risk.

Фото профиля Jason傑森 🇭🇰 | 🛠️
Jason傑森 🇭🇰 | 🛠️1 месяц назад

@Morpho @PaulFrambot 這麼便宜就給信任了喔

Фото профиля Bhim | Spiral Stake
Bhim | Spiral Stake1 месяц назад

@Morpho @PaulFrambot The engine is ready, now it's upto the markets to externalize the risk What a brilliant way to put that!!

Фото профиля THC Humor 💹🧲
THC Humor 💹🧲1 месяц назад

@Morpho @PaulFrambot Better ways to price trust could unlock entirely new markets.

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EXCLUSIVE: Morpho 🦋 CEO Paul Frambot 🦋 on how Morpho Midnight is new infrastructure for institutional private credit. This week, Morpho launched Midnight, which enables fixed-rate, fixed-term onchain lending, starting with one cbBTC/USDC market on Base across multiple maturities. This is unlike most DeFi today, where protocols like Aave and Compound set your risk, rate, and term using their formulas. This is not ideal for large institutions with their own risk appetite. Morpho 🦋 Midnight hands risk, rate AND term to the open market, so investors can set their risk appetite, and borrowers can apply to meet that in the marketplace. Lending on Midnight means buying a claim on future cashflows, where you pay 0.95 today, receive 1.00 at maturity. The difference (discount) is your rate as a lender. That's exactly how a zero-coupon bond works, the primitive bond markets are built on. Some other nuances that came out in the interview Prior fixed-rate protocols split liquidity into a pool per maturity, so markets stayed thin and most died. This is how a bond desk runs a book. Morpho aims to ensure liquidity isn't fragmented into individual pools. It offers source funds only at fill, and one balance sheet can quote fixed rates across all maturities at once. So you quote once in many places. The fees are capped in the code with settlement at 50bps a year, a lender fee at 1%, and governance can *never* raise them. Infrastructure that can't reprice you is infrastructure a treasurer can underwrite. Wall St is coming to these DeFi protocols For example, Apollo (roughly $940bn AUM) is contracted to buy up to 9% of MORPHO supply over four years. So I sat down with Paul Frambot, Morpho's CEO, days after his most ambitious launch yet. DeFi lending reached tens of billions without a single maturity date. Now we find out what it builds with one.

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12,173 просмотров • 1 месяц назад