Morpho Labs

Morpho's fixed rate protocol now has a name: Morpho Midnight. Morpho Midnight is not an iteration of Morpho Blue. It is a completely new paradigm for onchain lending, and should not be considered a "V2" of Blue. Blue = pool-based open term variable markets with externalized risk management. Midnight = intent-based fixed term fixed rate markets with externalized risk AND rate management. The two will coexist, complementing one another to extend the capabilities of the Morpho network. We’ll start sharing more updates on Midnight as audits finalize.