Morpho 🦋

Robinhood Earn, powered by Morpho Millions of eligible @RobinhoodApp users can now earn onchain yield from a Morpho Vault curated by @SteakhouseFi via noncustodial wallets. This is how we bring the benefits of onchain finance to the world.

Your USDC is earning yesterday's rate. Introducing Quicknode Earn: a non-custodial yield optimizer that moves your USDC into the top-paying Morpho vaults across 7 chains, automatically. Your keys, always. 🧵

Robinhood Earn surpasses $100 million in deposits. Powered by @morpho. Curated by Steakhouse.

Robinhood Earn just crossed $100M in deposits. We are still early

Over $100M deposits for @RobinhoodApp Earn Powered by Morpho. Curated by @SteakhouseFi.

1 year. $100M+ in deposits earning yield on @DeblockApp. Powered by Morpho.

$100,000,000. That's what our users deposited in our vaults in under a year. June 2025: we opened our fixed and variable yield vaults, powered by @Morpho. Your money should work for you, not against you. No lock-ups. No hidden fees. Fully on-chain, fully in your control. Thanks to everyone who trusted us from day one, and to the Morpho team powering it all. $100M is a milestone. Not the destination. $1B next 🚀

Morpho Midnight, our most ambitious release ever, is launching in a few days. Here is what to expect 👇

New Galaxy vaults are live in Fireblocks Earn, with support for USDC, USDT, and WETH. Curated vaults on @Morpho, backed by the risk discipline behind @GalaxyHQ's $1.4B loan book. 2,400+ institutions. Same platform. No new DeFi stack.

New curator alert: @galaxyhq is joining the Morpho network. 🦋 Adding Galaxy, a leading digital asset firm with $12B in AUM, is a great addition that'll help diversify our curator ecosystem and cater to more risk profiles and needs. That's how you build a truly open credit network that can serve every corner of the global credit market.

We have a new builder on @Morpho with @galaxyhq opening their curation business, launching two institutional stablecoin vaults! With one of the largest institutional digital asset firms (with $12B in AUM) onboard, we'll see even more institutions join as curators, bringing a broader range of risk profiles and asset classes onchain.

@0xyanshu @talkintokens @bobajeanjacques @PaulFrambot @MerlinEgalite @Crotts__ 🕛

Tried @morpho Midnight this week on private access (thanks to @talkintokens). Took a lend offer with a test amount, filled on base in one tx, then tried quoting on the make side across a couple of markets. NGL it's new, you think in offers and maturities instead of deposit and forget, but it sits on the same clean experience blue trained everyone on. Felt familiar fast, blue with a term structure. Why it matters, and it's bigger than "fixed rate is live." Every onchain loan, pooled or isolated, floats by force. The rate is a utilization formula's output, repricing block by block, and both sides wear that risk forever: >> lenders can't know their income, >> borrowers can't know their cost, >> and nobody can hedge because there's no fixed leg to hedge against. TradFi floats too, but by choice, against a fixed alternative one swap away. Onchain there was no alternative. No dates, no duration anyone can hold, and when utilization pins, the rate spikes and unwinds positions at the worst possible moment. Rate risk that should be priced and transferred is instead worn, unpriced, by everyone. Midnight makes rate risk a market. Buy a unit below par, redeem at par on a date, the gap is your rate, the date is your term. Someone finally holds duration on purpose, at a price they set. quote that across maturities and the points form a curve, the reference everything downstream prices against. The maker side is where it will resonate harder with institutions or large allocators: >> one budget quotes a whole curve, >> up to ten markets off the same capital, >> exposure bounded by the budget rather than the sum of what you quoted. Nothing pre-funded, nothing idle. Now zoom out to who's already standing here. > @coinbase has originated $2b+ of loans on morpho since Jan 2025. > @RobinhoodApp just brought its own chain live, tokenized stocks and morpho-powered earn in front of 28m customers. > @galaxyhq launched GORF last week, an institutional desk blending onchain rates for clients with $100m of its own capital as first loss. All of it floats today, because floating was the only number the rails could quote. Midnight hands every one of them the other half: >> lock a yield to a date, >> fix a payment to maturity, >> margin a whole portfolio of tokenized stocks and btc as one position, >> quote an institution a fixed number that holds. Term deposits, margin loans, dated financing. the products banks run the world on, shippable by anyone with distribution. And compliance finally stops being a fork. KYC, whitelists, accreditation, all market parameters on the same immutable base as the open markets. The gate binds liquidators too, so collateral only ever passes to approved hands. Gated repo against tokenized treasuries next to a fully open btc market, one primitive. Fixed doesn't mean frozen. Exit early by trading the unit at the going price. Working on a longer piece on what midnight changes for onchain credit, will drop soon. Variable rates took onchain lending to $25B. Terms are how credit reaches the other $200T.

@galaxyhq @FireblocksHQ Welcome Galaxy as a curator on Morpho.

Introducing Galaxy Curator: institutional vault curation, built on @Morpho and natively distributed through @FireblocksHQ Earn. Institutional stablecoin balances sit idle between deployment cycles and settlement windows — not because there's no demand for yield, but because the infrastructure to safely deploy at scale hasn't existed. That changes today.

Learn more about Galaxy joining Morpho as a curator

Galaxy joins Morpho as curator with the launch of its institutional stablecoin vaults. As a global leader in digital assets, @galaxyhq is bringing its expertise from traditional markets to the Morpho ecosystem. Asset curation is here to stay.

All Morpho services are back and stable. Performance may still be impacted but the app & the api are functioning.

app.morpho.org and api.morpho.org are partially down due to a potential aws Cloudfront outage. We are looking for a workaround to re-enable traffic as soon as possible

@TenorFinance @blockaid_ 👀

We’re building Tenor with a strong commitment to security. That means a codebase built on @Morpho Midnight 🕛, 5 independent audits by leading firms, formal verification using the Certora prover, AI-assisted reviews, a bug bounty program, and ongoing monitoring using @blockaid_ Learn more about our approach to security:

🔔 Shaping the Future of On-Chain Finance Join us in Hong Kong for the official @HSKChain × @Morpho Strategic Partnership Signing Ceremony. Professionals from across finance and Web3 will come together to exchange insights and explore the future of on-chain finance. 📅 July 28 | 14:00–17:00 HKT 📍 Hong Kong 🎟 Register: luma.com/y84xn9th #HSKChain #Morpho #OnChainFinance #Web3