Morpho Launches Fixed-Rate Lending Protocol Midnight on Base

Odaily Planet Daily News Decentralized lending protocol Morpho has officially launched Midnight, a fixed-rate, fixed-term lending protocol, on the Base network. This initiative aims to bring traditional credit market models into the on-chain financial ecosystem, further expanding the on-chain credit market.

Midnight was first disclosed last May. With this public launch, it will complement Morpho's existing variable-rate lending protocol, Morpho Blue, providing users with fixed-rate lending options. (The Block)