Morpho Launches Fixed-Rate Lending Protocol Midnight on Base

Odaily reports that decentralized lending protocol Morpho has officially launched Midnight, a fixed-rate, fixed-term lending protocol on the Base network. Midnight aims to introduce traditional credit market models into the on-chain financial ecosystem, further expanding the on-chain credit market.

Midnight was first unveiled in May of this year. With this public launch, it will complement Morpho’s existing floating-rate lending protocol, Morpho Blue, offering users a fixed-rate lending option. (The Block)