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Crypto· DeFi

Morpho Expands Fixed-Rate Midnight Markets to Ethereum

Morpho launched its Midnight fixed-term, fixed-rate lending markets on Ethereum on Sept. 8, adding USDC loans collateralized by WBTC and cbBTC. However, roughly $5 billion parked in the protocol's Morpho Vaults cannot be allocated to Midnight until the DAO approves vault activation.

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