Svmuu News: Decentralized lending protocol Morpho has announced the official launch of Midnight, a fixed-rate, fixed-term lending protocol on the Base network. The protocol aims to bring traditional credit market models into the on-chain financial ecosystem and further expand the on-chain credit market.
Midnight was first unveiled in May of this year. Following this public launch, it will complement Morpho’s existing floating-rate lending protocol, Morpho Blue, by offering users a fixed-rate lending option. (The Block)